Monomethylammonium nitrate is an explosive chemical with the molecular formula CH6N2O3. The monomethylamine nitrate is commonly used in military and industrial explosives. Now days, monomethylamine nitrate are used in mining and quarrying industries. The global monomethylamine nitrate market is expected to witness the steady growth globally with increasing mining activities across the world. We have considered following applications of monomethylamine nitrate to estimate the global market:
Market size and forecast of each application and form is presented for the period 2015 to 2025 along with respective CAGR % for the forecast period 2017-2025.
The market size and forecast for the period 2015-2025 along with the CAGRs for the period 2017-2025 for the mentioned segments are also presented in this study.
Qualitative information sets such as market dynamics (drivers, challenges and opportunities) and market inclination insights are provided in this market assessment report. Tools such as market competition analysis and attractive investment proposition are also included in this study for assessment of overall market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global monomethylamine nitrate market.
Alkyl Amines Chemicals Limited. BOC Sciences Ltd., Balaji Amines Ltd., Haihang Industry Co., Ltd., Tamil Nadu Industrial Explosives Ltd., Yick-Vic Chemicals & Pharmaceuticals (HK) Ltd., Tokyo Chemical Industry Co., Ltd., Spectrum Chemical Mfg. Corp., Merck KGaA, and SPEX CertiPrep. are among the few key manufacturers in monomethylamine nitrate market.
Purpose of the Report
The purpose of this strategic research study titled “Monomethylamine Nitrate Market - Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the monomethylamine nitrate market.
Target Audience
USP and Key Offerings
The report titled “Monomethylamine Nitrate Market - Growth, Opportunities, Share & Competitive Analysis, 2017 – 2025” offers strategic insights into the overall monomethylamine nitrate market along with the market size, and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on applications and cross-sectional study across different regions.
In order to help strategic decision makers, the report also includes competitive profiling of the leading players in monomethylamine nitrate market in terms of their product portfolio, financial health and business strategies. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the monomethylamine nitrate market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above mentioned factors.
Based on applications, the monomethylamine nitrate market is categorized into following segments:
The monomethylamine nitrate is considered to be a key sensitizer for explosives. Economic benefits coupled with high performance is expected to aid in the growth of monomethylamine nitrate market. The global monomethylamine nitrate market, according to the application is segmented into water gel/slurry explosives, emulsion explosives and seismic explosives.
Among all the applications, the water gel/ slurry explosives segment dominated the global market in 2016 in terms of value. The emulsion explosives segment is followed by seismic explosives with collectively contributing more than 45% of market share by value in 2016. Emulsion explosives is projected to be the fastest growing application segment during the forecast period.
The mining industry is one of the dominant end user for industrial explosives, with coal mining as one of the largest consuming sector. The metal mining which is present at specific geological areas, and the growing demand for metallic minerals indirectly drives the global monomethylamine nitrate market. In 2016, Asia Pacific and North America together were accounted for majority of market share of more than 60% in the global monomethylamine nitrate market by geography. Latin America, Asia Pacific and MEA regions possess large untapped opportunities in mining, quarrying and civil work and hence the monomethylamine nitrate market is expected to grow at a significant CAGR during 2017 to 2025. Also, the upsurge in the demand for stone and cement requirement for construction activities across the globe propels the quarrying operations. This has generated the demand for monomethylamine nitrate, since it places a critical role in explosives production.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Monomethylamine Nitrate market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
