SAN FRANCISCO, March 1, 2016 /PRNewswire/ --
The global ceric ammonium nitrate market is expected to reach USD 190.1 million by 2022, according to a new report by Grand View Research, Inc. Global ceric ammonium nitrate market is still at its developing stage and is expected to witness significant growth in research labs, educational institutions and medical applications. Increasing healthcare expenditure coupled with growth of electronics industry particularly in emerging markets of Asia Pacific and Latin America is expected to drive its demand over the forecast period.
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Stringent regulations particularly in the U.S. and Europe are expected to remain a key challenge for industry participants. Ceric ammonium nitrate (CAN) is considered as an oxidizing agent and irritant under Dangerous Substances Directive (67/548/EEC) by the European Union.
Browse full research report with TOC on "Ceric Ammonium Nitrate Market Analysis By Application (Laboratories, Photomasks, Liquids Crystal Displays) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/ceric-ammonium-nitrate-market
Laboratories were the leading application segment with demand share exceeding 70% in 2014. Increasing initiatives by research laboratories and educational institutions to expand application base owing to favorable prices coupled with flexible nature is expected to drive this segment over the forecast period. CAN is used for wide range of organic reactions including oxidation, synthesis of heterocycles, generation of carbon (heteroatom bonds), generation of carbon-carbon bonds, cleavage of carbon (heteroatom bonds), cleavage of Si-O bonds, C-halogen bond formation, and CAN-catalyzed multi-components.
The product is also used in electronic and medical industries. The product is used for etchants preparation which is further utilized in photomasks and liquid crystal displays.
Further key findings from the report suggest:
Grand View Research has segmented the ceric ammonium nitrate market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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