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Rise in Demand for Micronutrient Fertilizers Expected to Drive Global Industrial Grade Nitroguanidine Market: Ken Research

Nitroguanidine is an organic compound with a chemical formula as (NH2)2CNNO2. It is a colorless, crystalline solid which melts at 232 °C and decays at 250 °C. The Nitroguanidine compound has high explosion velocity and low-sensitivity explosive. It is widely transported as a slurry or wet mass of pale yellow crystals. The Nitroguanidine is widely used as an explosive propellant. It also reduce the propellant’s flash and flame temperature without compromising the chamber pressure, and it used over large bore guns to avoid the barrel erosion and flash. The Nitroguanidine derivatives are used as insecticides, having a similar effect to nicotine. Moreover the nitrosoylated derivatives such as nitrosoguanidine are often used to mutagenize bacterial cells for biochemical studies. The nitroguanidine decreases the propellant’s flash and flame temperature without sacrificing chamber pressure.

According to study, “Global Industrial Grade Nitroguanidine Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global industrial grade nitroguanidine market are AlzChem AG (IPI), Intrepid Potash, Inc., GulangChanghai, Tendenci, Beilite Chemical, Sino-Agri United, Soochow.

Nitroguanidine occurs in two forms the α-form that invariably results when the guanidine nitrate gets dissolved in concentrated sulfuric and the solution is poured into water. It is the form which is commonly used in the explosives industry. It generally get crystallized from water in long, thin, flat, elastic, lustrous spikes which are hard and difficult to pulverize, when α-nitroguanìdine is which can be decomposed by heat, a convinced amount of β-nitroguanidineit starts among products. β-Nitroguanidine is formed in avariable amount, which is usually along with some of the α-compound, by the nitration of the mixture of guanidine sulfate and ammonium sulfate resulting the hydrolysis of dicyandiamide by the sulfuric acid. The Nitroguanidine is produced commercially over a two-step process starting from the reaction of calcium cyanamide with ammonium nitrate.

Some of the key raw materials for industrial grade nitroguanidine include calcium cyanamide, ammonium nitrate. The fluctuations over the price of upstream product may impact the production of Nitroguanidine. Based on type, industrial grade nitroguanidine market is segmented into low concentration nitroguanidine and high concentration nitroguanidine. Based on raw material, market is segmented into ammonium nitrate and calcium cyanamide. In addition, based on application, market is segmented into pesticide, pharmaceutical and others.

The industrial grade nitroguanidine market is driven by rise in demand for micronutrient fertilizers, followed by growth in population. However, fluctuations in the price of the upstream product may impact the market. Moreover, rise in demand from agriculture industry is a key opportunity for market.

Based on geography, the European and Asian-Pacific regions hold major share in industrial grade nitroguanidine market owing to rise in demand of downstream applications in the regions. Whereas, the North-American region is expected to witness higher growth rate due to growth in technological advancements and presence of key manufacturers over the forecast period. In near future, it is predicted that the market will be reached at quick pace on account of growth in pharmaceutical industry during the forecast period.

For More Information, click on the link below:-

Global Lime Juice Concentrate Market Research Report

Related Reports:-

Global Industrial Grade Nitroguanidine Market Status and Future Forecast 2015-2024

Global Industrial Grade Nitroguanidine Market Analysis 2013-2018 and Forecast 2019-2024

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Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-9015378249

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