Picric acid is primarily used as an explosive and as a dye in the textile industry. It is also used as a reagent in organic chemistry to test for the presence of phenols and amino acids.
Picric acid is a powerful oxidizing agent and can form unstable salts with metals such as lead and mercury, which are highly explosive. It is also a strong acid and can cause severe burns on contact with skin.
Due to its explosive properties, picric acid is classified as a hazardous material and is regulated by various international agencies. Proper handling and storage are crucial to prevent accidents.
In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.
With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Picric Acid market is expected to witness in the upcoming decade.
Get a holistic overview of the market from industry experts to evaluate and develop growth strategies. Download the sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-9957
Impact of COVID-19 on Picric Acid Market
The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.
The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Picric Acid market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.
Important Questions Answered in the Picric Acid Market Report
- How will the Picric Acid market expand through 2032?
- Which region is the most lucrative in the Picric Acid market?
- What are the recent technological developments in the Picric Acid market?
- What are key challenges and competition threats faced by Picric Acid market players?
- Who are prominent players leading the Picric Acid market?
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Picric Acid Market: Key Segmentation
By Grade:
- Commercial Grade (<99%)
- High Purity Grade (≥99%)
By Moisture Content:
- Dry/Dehydrated
- Less than 30%
- More than 30%
By Application:
- Explosives & Munitions
- Chemical Intermediates
- Antiseptics
By End User:
- Defence/Ballistics
- Pharmaceuticals
- Agrochemicals
- Textile
- Mining
Picric Acid Market: Competitive Evaluation
The FMI’s Picric Acid market report provides a comprehensive analysis on key players operating in the Picric Acid market. Some of the key players are:
BASF SE, DowDuPont Inc., Innospec, Odyssey Organics, Aadhunik Industries, Anmol Chemicals Group, Hefei TNJ Chemical Industry Co., Ltd., Spectrum Chemicals, Loba Chemie Fine Chemicals, Merck KGaA, Ricca Chemical Company, and Mubychem Group
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Picric Acid market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Picric Acid market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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