Global Aluminum Nitrate Nonahydrate market will reach 18300 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2018/10/31

Aluminum Nitrate is a salt of aluminum and nitric acid, existing normally as a crystalline hydrate, most commonly as aluminum nitrate nonahydrate, Al(NO3)3·9H2O.

At present, the major manufacturers of Aluminum Nitrate Nonahydrate are XiaXian Yunli, Strem Chemicals, Taiyuan Xinyufeng, Orrion Chemicals, Nithyasri Chemicals, Chongqing Hua'nan, Taiyuan Bohui, Thatcher Group, etc. XiaXian Yunli is the world leader, holding 18.34% production market share in 2017.

China was also the largest consumption regional market for Aluminum Nitrate Nonahydrate, with revenue exceeding 7786 K USD in 2017. North America and Europe are expected to witness demand growth at an estimated CAGR of 1.51% and 1.32% from 2013 to 2017, respectively.

In application, Aluminum Nitrate Nonahydrate downstream is wide and recently Aluminum Nitrate Nonahydrate has acquired increasing significance in various fields of Organic Synthesis and others. Globally, the Aluminum Nitrate Nonahydrate market is mainly driven by growing demand for Organic Synthesis which accounts for nearly 58.67% of total downstream consumption of Aluminum Nitrate Nonahydrate.

The global Aluminum Nitrate Nonahydrate market is valued at 15600 million US$ in 2017 and will reach 18300 million US$ by the end of 2025, growing at a CAGR of 2.0% during 2018-2025.

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