Global Nitromethane Market Research Report 2020

Nitromethane is a colorless, oily, highly flammable liquid with a strong, disagreeable odor that emits toxic fumes of nitrogen oxides upon decomposition. Nitromethane is used to make industrial antimicrobials and pharmaceuticals and is also used as a soil fumigant and as a fuel in race car engines. Exposure to nitromethane irritates the skin and affects the central nervous system causing nausea, dizziness and narcosis. This substance is reasonably anticipated to be a human carcinogen.
Nitromethane (chemical formula: CH3NO2) is the simplest organic nitro compound. At room temperature, it is a clear liquid with colorless oily shape and has the faint aromatic smell, with great polarity, flammable, toxic and explosive. It can be used as fuel and be mixed with ethanol, acetone, ether, as a good solvent and extraction agent. At the same time, nitromethane is also a common raw material in chemical industry and organic synthesis because of the strong activity of nitro -hydrogen.

Market Analysis and Insights: Global Nitromethane Market
The global Nitromethane market is valued at 175.4 million US$ in 2020 is expected to reach 246 million US$ by the end of 2026, growing at a CAGR of 4.9% during 2021-2026.
Global Nitromethane Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
0.999 Grade
0.995 Grade
0.99 Grade

Segment by Application
Solvent
Synthesis Intermediates
Fuel
Other

Global Nitromethane Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Nitromethane market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Nitromethane Market:

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include ANGUS, Yuan Bo Chemical, Zibo Xinglu Chemical Factory, Hubei Grand Fuch, Xinghui Chemical, Shandong Baoyuan Chemical, Wujiang Bolin Industry, etc.