Picric Acid Market Share

  • Report ID: 4254
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Picric Acid Market Share

APAC Market Statistics

Asia Pacific industry is expected to account for largest revenue share by 2037, owing to a growing customer base, burgeoning infrastructure development, and a viable development in the textile, agriculture, and pharmaceutical industries in the region. China’s pharmaceutical industry gained over USD 120 billion in the year 2018 and has expanded to attain over USD 450 billion in 2021. This is one of the reasons for the prediction of the global picric acid market growth in the region. Furthermore, the high presence of a high number of end users in India and China is another factor that is projected to boost the growth of the global picric acid market during the analysis period. Moreover, the surge in investments by major key players along with the government in the research and development sector to manufacture picric acid is also considered to fuel revenue generation in the region.

North American Market Forecast

On the other hand, the North America picric acid market is also estimated to garner a remarkable share during the analysis period. The major factor for market expansion is the presence of robust defense and military industries. In addition to that, the existence of major key players in the region along with the rising government support is another factor that is anticipated to create a positive outlook for the growth of market expansion. Also, the rising demand for agricultural products, textile materials, and medicinal merchandise is forecasted to escalate the production rate of picric acid in the upcoming years.

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Author Credits:  Rajrani Baghel


  • Report ID: 4254
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of picric acid is assessed at USD 42.59 billion.

The picric acid market size was over USD 39.97 billion in 2024 and is anticipated to cross USD 111.35 billion by 2037, witnessing more than 8.2% CAGR during the forecast period i.e., between 2025-2037. The use of picric acid in the textile industry, healthcare as well as in aerospace and defense industries will drive the market growth.

Asia Pacific industry is expected to account for largest revenue share of NA% by 2037, owing to growing customer base, burgeoning infrastructure development, and a viable development in the textile, agriculture, and pharmaceutical industries in the region.

The major players in the market are Merck KGaA, Odyssey Organics Pvt. Ltd., Loba Chemie Pvt. Ltd., RICCA Chemical Company, Aadhunik Industries Pvt. Ltd., Indian Platinum Pvt. Ltd., Otto Chemie Pvt. Ltd., Parchem fine &Specialty Chemicals Inc., Spectrum Laboratory Products, Inc., Thermo Fisher Scientific
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