Picric Acid Market - Global Industry Analysis

Picric Acid Market By Application (Thin Films, Power Generation, Explosives, Energetic Materials, Liquefied Gas Fuels, Antiseptic, and Others), By Type (Wet Picric Acid and Dry Picric Acid), By End-User (Mining, Pharmaceutica, Agriculture, Textile, and Defense), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 25-Mar-2022 Category: Chemical & Materials Report Format : PDF Pages: 149 Report Code: ZMR-6980 Status : Published

The global picric acid market was worth around $3300 billion in 2021 and is predicted to grow around $7200 billion by 2028 at a CAGR rate of 8% over the forecast period.

Description

Industry Prospective

The global picric acid market was worth around $3300 billion in 2021 and is predicted to grow around $7200 billion by 2028 at a CAGR rate of 8% over the forecast period. In this report, we will cover the full overview, growth drivers, opportunities, obstacles, and challenges of the picric acid market from 2022 to 2028

Picric Acid Market: Overview

Picric acid, also known as TNT in short, is nitro phenol that is used extensively in manufacturing explosives, medicines, dyes, and sometimes as pesticides. In its purest form as a metallic structure, due to its pyrotechnic ability, it is largely used as an ingredient of explosives and high-profile rocket fuels. The medical field has a wide range of leverage for picric acid in the form of an anesthetic solution or antiseptic ointments owing to its astringent properties. It is also used as a cure for mental exhaustion, spinal cord degeneration, stressed and depressed mental conditions.

The usage of picric acid also extends to the textile industry where it works as a dye for fabrics. Hence any miscellaneous products such as plastics, paint, printing inks, rubber, and cosmetics will leverage picric acid as dyes. The storage condition of picric acid is slightly critical as it needs constant moisture content. The dryness and its affinity with metal surfaces would lead to an explosion. Heating it would produce gases like carbon oxides and nitrogen which is poisonous in consumption. If any person is injected or ingested with a higher dose of picric acid would be subjected to fatalities. It is one of the strong derivatives of phenol which is also imminently corrosive and a strong irritant.

It is widely leveraged in fields like agriculture, defense, textile, mining, and power generating applications. Metallography and clinical chemistry are also lines of fields that use this component exclusively as raw materials for their accessories.

Covid-19 impact:

Covid-19 had an extensively negative impact on the global picric acid market. The production levels of picric acid came down because of lockdowns, curfews, and sudden closures of many application industries. The supply chain was annihilated due to travel bans and international export restrictions which further declined the market. The situation seems to have improved recently with the emergence of vaccines which is steadying the market from the fall. The market is expected to grow post-pandemic owing to the slow recovery of the international economy.

Picric Acid Market: Growth Drivers

Pyrotechnic ability of picric acid to produce explosives and its leverage in defense bolsters market growth

The pyrotechnic ability of picric acid is leveraged for the production of explosives, munitions, and also for rocket fuels. The growing focus on strengthening the defense infrastructure by government and global economies is expected to boost market growth. Picric acid as a raw material for mining is used for lots of exploration and invention activities. This benefit is also construed as a growth driver for the global market.

Apart from the above benefits, it is extensively used in the pharmaceutical industry as ointments and anesthetic additives as a cure for ailments. The increase in the demand for such medical needs aids the market exclusively. Pesticides and etching agents made from picric acids are also in great demand as catalysts for food crops. This leverage of picric acid in agriculture fuels market growth as well.

 Picric acid is used as dyes in textile applications. The rise and prominence of the textile business across the world also augment growth in the global picric acid market.

Picric Acid Market: Restraints

Toxic propensity of picric acid along with its stringent storage protocols impedes market growth

Picric acid while heated gives rise to toxic gases like carbon oxide and nitrogen oxides which are poisonous to the human body. This factor hinders market growth to a large extent. Apart from this, picric acid should be stored without the contact of any metallic surface to avoid getting exploded. This imminent threat and the strict storage aspect of picric acid reduces its extensive leverage thereby restricting its market growth.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Picric Acid Market: Opportunities

Advancement in storage infrastructures of picric acid creates immense opportunities for market expansion

Storage of picric acid is critical due to its volatile and explosive nature. There has been an incessant rise in the innovations of proper storage mechanism of picric acid to protect it from heat, shock, and explosion. This advancement in infrastructure for the storage of picric acid will increase its demand thereby providing the market with lucrative opportunities.

Picric Acid Market: Challenges

Excessive demands in pharmaceutical industry pose a challenge for the picric acid market

The need for pharmaceutical products which leverage picric acid has shot up in recent times. This excess in demand requires massive production from the manufacturers to meet the expectations. This massive demand for picric acid along with the infrastructures to support such extensive production will be a challenge for the picric acid market to fulfill.

Innovations to resolve storage issues of picric acid poses a challenge for the market growth

As picric acid is considered to be a volatile element that requires scrupulous storage protocols, the maintenance and storage of the product become critical for its durability. This foments end-users to come up with new storage mechanisms and innovative preserving techniques to prolong its life and avoid any explosion. This storage factor and its remedy come across as a challenge for the growth of the global market.

Picric Acid Market: Segmentation

The global picric acid market in this research analysis is divided into application, type, end-user, and region. The application is classified as explosives, energetic materials, liquefied gas fuels, antiseptic, thin films, power generation, and others. The type is divided into wet picric acid and dry picric acid. End-users are agriculture, textiles, defense, mining, pharmaceutical, and others.

Recent Developments:

In September 2021, scientists develop a sensor to detect picric acid content in high-energy explosives.

Regional Landscape:

Asia Pacific region dominates the global picric acid market due to extensive application leverages in India and China. The arms procurement, pharmaceutical, agriculture, and textile needs have gone up here which indirectly boosts the market growth. North America is projected to witness immense growth during the forecast period due to the rising demands of picric acids in pharmaceutical industries and antiseptic products. Further, the rising needs in the defense industry for manufacturing explosives are expected to fuel market growth in Europe.

Competitive Landscape:

The key players in the global picric acid market are Odyssey Organic, Finoric LLC, SOMATCO, Spectrum Chemical Manufacturing Corp, Parchem Fine and Specialty Chemicals, USA Chemical Suppliers, Aadhunik Industries, Indian Platinum Private Limited, Sisco Research Laboratories, Lookchem, Innospec, BASF, Shell, Nalco, Afton, Baker Hughes, Chemours, and Biobar.

Global picric acid market segmentation follows

By Application

  • Explosives
  • Energetic Materials
  • Liquefied Gas Fuels
  • Antiseptic
  • Thin Films
  • Power Generation
  • Others

By Type

  • Wet Picric Acid
  • Dry Picric Acid

By End-use

  • Agriculture
  • Textile
  • Defense
  • Mining
  • Pharmaceutical

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Picric Acid Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Picric Acid Market : snapshot
  • Chapter 3. Global Picric Acid Market - Industry Analysis
    • 3.1 Picric Acid Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Pyrotechnic ability of picric acid to produce explosives and its leverage in defense bolsters market growth
    • 3.3 Market Restraints
      • 3.3.1. Toxic propensity of picric acid along with its stringent storage protocols impedes market growth
    • 3.4 Market Opportunities
      • 3.4.1. Advancement in storage infrastructures of picric acid creates immense opportunities for market expansion
    • 3.5 Market Challenges
      • 3.5.1. Excessive demands in pharmaceutical industry pose a challenge for the picric acid market
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Application
      • 3.7.2 Market attractiveness analysis By Type
      • 3.7.3 Market attractiveness analysis By End-use
  • Chapter 4. Global Picric Acid Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Picric Acid Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Picric Acid Market - Application Analysis
    • 5.1 Global Picric Acid Market overview: By Application
      • 5.1.1 Global Picric Acid Market share, By Application, 2021 and 2028
    • 5.2 Explosives
      • 5.2.1 Global Picric Acid Market by Explosives, 2022 - 2028 (USD Billion)
    • 5.3 Energetic Materials
      • 5.3.1 Global Picric Acid Market by Energetic Materials, 2022 - 2028 (USD Billion)
    • 5.4 Liquefied Gas Fuels
      • 5.4.1 Global Picric Acid Market by Liquefied Gas Fuels, 2022 - 2028 (USD Billion)
    • 5.5 Antiseptic
      • 5.5.1 Global Picric Acid Market by Antiseptic, 2022 - 2028 (USD Billion)
    • 5.6 Thin Films
      • 5.6.1 Global Picric Acid Market by Thin Films, 2022 - 2028 (USD Billion)
    • 5.7 Power Generation
      • 5.7.1 Global Picric Acid Market by Power Generation, 2022 - 2028 (USD Billion)
    • 5.8 Others
      • 5.8.1 Global Picric Acid Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Picric Acid Market - Type Analysis
    • 6.1 Global Picric Acid Market overview: By Type
      • 6.1.1 Global Picric Acid Market share, By Type, 2021 and 2028
    • 6.2 Wet Picric Acid
      • 6.2.1 Global Picric Acid Market by Wet Picric Acid, 2022 - 2028 (USD Billion)
    • 6.3 Dry Picric Acid
      • 6.3.1 Global Picric Acid Market by Dry Picric Acid, 2022 - 2028 (USD Billion)
  • Chapter 7. Global Picric Acid Market - End-use Analysis
    • 7.1 Global Picric Acid Market overview: By End-use
      • 7.1.1 Global Picric Acid Market share, By End-use, 2021 and 2028
    • 7.2 Agriculture
      • 7.2.1 Global Picric Acid Market by Agriculture, 2022 - 2028 (USD Billion)
    • 7.3 Textile
      • 7.3.1 Global Picric Acid Market by Textile, 2022 - 2028 (USD Billion)
    • 7.4 Defense
      • 7.4.1 Global Picric Acid Market by Defense, 2022 - 2028 (USD Billion)
    • 7.5 Mining
      • 7.5.1 Global Picric Acid Market by Mining, 2022 - 2028 (USD Billion)
    • 7.6 Pharmaceutical
      • 7.6.1 Global Picric Acid Market by Pharmaceutical, 2022 - 2028 (USD Billion)
  • Chapter 8. Picric Acid Market - Regional Analysis
    • 8.1 Global Picric Acid Market Regional Overview
    • 8.2 Global Picric Acid Market Share, by Region, 2021 & 2028 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Picric Acid Market, 2022 - 2028 (USD Billion)
        • 8.3.1.1 North America Picric Acid Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 North America Picric Acid Market, by Application, 2022 - 2028
      • 8.4.1 North America Picric Acid Market, by Application, 2022 - 2028 (USD Billion)
    • 8.5 North America Picric Acid Market, by Type, 2022 - 2028
      • 8.5.1 North America Picric Acid Market, by Type, 2022 - 2028 (USD Billion)
    • 8.6 North America Picric Acid Market, by End-use, 2022 - 2028
      • 8.6.1 North America Picric Acid Market, by End-use, 2022 - 2028 (USD Billion)
    • 8.4. Europe
      • 8.4.2 Europe Picric Acid Market, 2022 - 2028 (USD Billion)
        • 8.4.2.1 Europe Picric Acid Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Europe Picric Acid Market, by Application, 2022 - 2028
      • 8.4.1 Europe Picric Acid Market, by Application, 2022 - 2028 (USD Billion)
    • 8.5 Europe Picric Acid Market, by Type, 2022 - 2028
      • 8.5.1 Europe Picric Acid Market, by Type, 2022 - 2028 (USD Billion)
    • 8.6 Europe Picric Acid Market, by End-use, 2022 - 2028
      • 8.6.1 Europe Picric Acid Market, by End-use, 2022 - 2028 (USD Billion)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Picric Acid Market, 2022 - 2028 (USD Billion)
        • 8.5.3.1 Asia Pacific Picric Acid Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Asia Pacific Picric Acid Market, by Application, 2022 - 2028
      • 8.4.1 Asia Pacific Picric Acid Market, by Application, 2022 - 2028 (USD Billion)
    • 8.5 Asia Pacific Picric Acid Market, by Type, 2022 - 2028
      • 8.5.1 Asia Pacific Picric Acid Market, by Type, 2022 - 2028 (USD Billion)
    • 8.6 Asia Pacific Picric Acid Market, by End-use, 2022 - 2028
      • 8.6.1 Asia Pacific Picric Acid Market, by End-use, 2022 - 2028 (USD Billion)
    • 8.6. Latin America
      • 8.6.4 Latin America Picric Acid Market, 2022 - 2028 (USD Billion)
        • 8.6.4.1 Latin America Picric Acid Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Latin America Picric Acid Market, by Application, 2022 - 2028
      • 8.4.1 Latin America Picric Acid Market, by Application, 2022 - 2028 (USD Billion)
    • 8.5 Latin America Picric Acid Market, by Type, 2022 - 2028
      • 8.5.1 Latin America Picric Acid Market, by Type, 2022 - 2028 (USD Billion)
    • 8.6 Latin America Picric Acid Market, by End-use, 2022 - 2028
      • 8.6.1 Latin America Picric Acid Market, by End-use, 2022 - 2028 (USD Billion)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Picric Acid Market, 2022 - 2028 (USD Billion)
        • 8.7.5.1 The Middle-East and Africa Picric Acid Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 The Middle-East and Africa Picric Acid Market, by Application, 2022 - 2028
      • 8.4.1 The Middle-East and Africa Picric Acid Market, by Application, 2022 - 2028 (USD Billion)
    • 8.5 The Middle-East and Africa Picric Acid Market, by Type, 2022 - 2028
      • 8.5.1 The Middle-East and Africa Picric Acid Market, by Type, 2022 - 2028 (USD Billion)
    • 8.6 The Middle-East and Africa Picric Acid Market, by End-use, 2022 - 2028
      • 8.6.1 The Middle-East and Africa Picric Acid Market, by End-use, 2022 - 2028 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Odyssey Organic
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Finoric LLC
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 SOMATCO
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Spectrum Chemical Manufacturing Corp
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Parchem Fine and Specialty Chemicals
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 USA Chemical Suppliers
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Aadhunik Industries
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Indian Platinum Private Limited
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Sisco Research Laboratories
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Lookchem
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Innospec
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 BASF
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Shell
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Nalco
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Afton
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Baker Hughes
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Chemours
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Biobar
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Picric Acid Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Picric Acid Market attractiveness, By Application
  • 6. Global Picric Acid Market attractiveness, By Type
  • 7. Global Picric Acid Market attractiveness, By End-use
  • 8. Global Picric Acid Market share by Application, 2022 and 2028 (USD Billion)
  • 9. Global Picric Acid Market by Explosives, 2022 - 2028 (USD Billion)
  • 10. Global Picric Acid Market by Energetic Materials, 2022 - 2028 (USD Billion)
  • 11. Global Picric Acid Market by Liquefied Gas Fuels, 2022 - 2028 (USD Billion)
  • 12. Global Picric Acid Market by Antiseptic, 2022 - 2028 (USD Billion)
  • 13. Global Picric Acid Market by Thin Films, 2022 - 2028 (USD Billion)
  • 14. Global Picric Acid Market by Power Generation, 2022 - 2028 (USD Billion)
  • 15. Global Picric Acid Market by Others, 2022 - 2028 (USD Billion)
  • 16. Global Picric Acid Market share by Type, 2022 and 2028 (USD Billion)
  • 17. Global Picric Acid Market by Wet Picric Acid, 2022 - 2028 (USD Billion)
  • 18. Global Picric Acid Market by Dry Picric Acid, 2022 - 2028 (USD Billion)
  • 19. Global Picric Acid Market share by End-use, 2022 and 2028 (USD Billion)
  • 20. Global Picric Acid Market by Agriculture, 2022 - 2028 (USD Billion)
  • 21. Global Picric Acid Market by Textile, 2022 - 2028 (USD Billion)
  • 22. Global Picric Acid Market by Defense, 2022 - 2028 (USD Billion)
  • 23. Global Picric Acid Market by Mining, 2022 - 2028 (USD Billion)
  • 24. Global Picric Acid Market by Pharmaceutical, 2022 - 2028 (USD Billion)
  • 25. Global Picric Acid Market share, by Region, 2022 and 2028
  • 26. North America Picric Acid Market, 2022 - 2028 (USD Billion)
  • 27. Europe Picric Acid Market, 2022 - 2028 (USD Billion)
  • 28. Asia Pacific Picric Acid Market, 2022 - 2028 (USD Billion)
  • 29. Latin America Picric Acid Market, 2022 - 2028 (USD Billion)
  • 30. The Middle-East and Africa Picric Acid Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Picric Acid Market: Snapshot
  • 2. Drivers of the Picric Acid Market: impact analysis
  • 3. North America Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 4. North America Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 5. North America Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 6. U.S. Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 7. U.S. Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 8. U.S. Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 9. Canada Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 10. Canada Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 11. Canada Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 12. Europe Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 13. Europe Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 14. Europe Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 15. Germany Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 16. Germany Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 17. Germany Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 18. France Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 19. France Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 20. France Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 21. U.K. Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 22. U.K. Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 23. U.K. Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 24. Italy Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 25. Italy Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 26. Italy Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 27. Spain Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 28. Spain Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 29. Spain Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 30. Rest of Europe Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 31. Rest of Europe Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 32. Rest of Europe Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 33. Asia Pacific Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 34. Asia Pacific Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 35. Asia Pacific Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 36. China Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 37. China Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 38. China Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 39. Japan Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 40. Japan Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 41. Japan Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 42. India Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 43. India Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 44. India Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 45. South Korea Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 46. South Korea Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 47. South Korea Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 48. South-East Asia Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 49. South-East Asia Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 50. South-East Asia Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 51. Rest of Asia Pacific Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 52. Rest of Asia Pacific Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 53. Rest of Asia Pacific Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 54. Latin America Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 55. Latin America Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 56. Latin America Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 57. Brazil Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 58. Brazil Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 59. Brazil Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 60. Mexico Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 61. Mexico Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 62. Mexico Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 63. Rest of Latin America Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 64. Rest of Latin America Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 65. Rest of Latin America Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 66. The Middle-East and Africa Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 67. The Middle-East and Africa Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 68. The Middle-East and Africa Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 69. GCC Countries Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 70. GCC Countries Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 71. GCC Countries Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 72. South Africa Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 73. South Africa Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 74. South Africa Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)
  • 75. Rest of Middle-East Africa Picric Acid Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 76. Rest of Middle-East Africa Picric Acid Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 77. Rest of Middle-East Africa Picric Acid Market revenue, By End-use, 2022 - 2028 (USD Billion)

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FrequentlyAsked Questions

The pyrotechnic ability of picric acid is leveraged for the production of explosives, munitions, and also for rocket fuels. The growing focus on strengthening the defense infrastructure by government and global economies is expected to boost the global picric acid market growth.

According to the report by Zion Market Research, The global picric acid market was worth around $3300 billion in 2021 and is predicted to grow around $7200 billion by 2028 at a CAGR rate of 8% over the forecast period

Asia Pacific region dominates the global picric acid market due to extensive application leverages in India and China. The arms procurement, pharmaceutical, agriculture, and textile needs have gone up here which indirectly boosts the market growth.

The key players in the global picric acid market are Odyssey Organic, Finoric LLC, SOMATCO, Spectrum Chemical Manufacturing Corp, Parchem Fine, and Specialty Chemicals, USA Chemical Suppliers, Aadhunik Industries, Indian Platinum Private Limited, Sisco Research Laboratories, Lookchem, Innospec, BASF, Shell, Nalco, Afton, Baker Hughes, Chemours, and Biobar.

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