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Monomethylamine Nitrate market insights shared in detailed report by Credenceresearch.com

The global monomethylamine nitrate market is expected to reach over US$ 8,569.5 Mn by 2025, expanding at a CAGR of 3.3% from 2017 to 2025.

The purpose of the report is to illustrate the state of the market of Monomethylamine Nitrate, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

The global monomethylamine nitrate market is expected to witness high growth during the forecast period 2017 to 2025. Growing use in mining and quarrying industries is anticipated to drive the demand for the monomethylamine nitrate. The global  monomethylamine nitrate market  is projected to reach US$ 8,569.5 million by 2025, expanding at a CAGR of 3.3% from 2017 to 2025.

Browse here for full report with Toc: https://www.credenceresearch.com/report/monomethylamine-nitrate-market

On the basis of applications, the global monomethylamine nitrate market is segmented into water gel/slurry explosives, emulsion explosives and seismic explosives. Among these, water gel/slurry explosives segment dominated the market and accounted for more than 50% market share in 2016. This segment is projected to maintain its dominance over the next eight years. The water gels primarily contains a mix of nitroparaffin, an oxidizer salt solution and a gelling agent. The monomethylamine nitrate functions as a sensitizer in the water gel explosives. Furthermore, monomethylamine nitrate is widely used in production of water gel explosives in order to produce low cost blasting agents.

 

For the purpose of this study, the global monomethylamine nitrate market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America and Middle East and Africa. In base year 2016, Asia Pacific was observed as the largest market for monomethylamine nitrate. In Asia Pacific, China and India serve potential markets for monomethylamine nitrate in the next five to six years. Growing consumption of monomethylamine nitrate as the penetration of the industrial explosive agents is on rise especially in China and India. In India, the demand for automobiles and infrastructure is on rise as the country’s economy is rapidly increasing with almost 7% growth. This generates demand for power and steel which in turn drives the mining sector in the country.

Furthermore, companies present in North America and Asia Pacific are extensively focusing on research and development and expanding their business network, across regional markets. 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.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Monomethylamine Nitrate buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

[The report is originally published on Credence Research Inc.]

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Monomethylamine Nitrate contains:

Analysis and forecast of Monomethylamine Nitrate market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Monomethylamine Nitrate market;

Assessment and forecast of Monomethylamine Nitrate market development;

Financial and business profiles of the leading companies in the Monomethylamine Nitrate industry.

Scope

– Up to date working Monomethylamine Nitrate data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Monomethylamine Nitrate for the period 2018 to 2026

– Planned Monomethylamine Nitrate additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Monomethylamine Nitrate projects by region, key countries, and companies

– Details of major planned Monomethylamine Nitrate projects in the world up to 2026

Browse here for full report with Toc: https://www.credenceresearch.com/report/monomethylamine-nitrate-market

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