2 – Nitropropane Market: Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2026


2- Nitropropane  Market
  • To Be Published : Apr-2020 |
  • Status : Work in progress |
  • Format : 2- Nitropropane  Market 2- Nitropropane  Market 2- Nitropropane  Market 2- Nitropropane  Market

Introduction

Also being known as 2-NP, 2 – nitropropane is largely used as a solvent. 2 – Nitropropane is colorless in nature and a fruity odor. Owing to the presence of nitro oxide in the compound, 2 – nitropropane is categorized under nitro compounds and according to IUPAC nomenclature is termed as propane, 2 – nitro.

2 – Nitropropane is classified as a possible carcinogen to humans by the International Agency for Research on Cancer (IARC). Due to this, 2 – nitropropane finds limited application in the global markets today primarily confined to industrial and lab – scale uses. Prolonged inhalation of 2 – nitropropane is found to have severe effects on humans including health concerns such as headaches and pulmonary irritation. Severe exposure to 2 – nitropropane can result into liver damage and may lead to fatality. Such results have put 2 – nitropropane under the scrutiny of several governing authorities around the world.

2 – Nitropropane is chiefly used as a solvent in preparation of inks, adhesives, paints, coatings and varnishes among other organic resins. 2 – Nitropropane is also used as a raw material in manufacturing propane derivatives. It is used to a lesser extent as an additive. Limited applications of 2 – nitropropane are noted relating to the production of paint & varnishes remover mainly due to the VOC implications. As a chemical intermediate in the production of pharmaceuticals and textile chemicals, among others.

2 – Nitropropane Market: Dynamics

Prominently used as a solvent, 2 – nitropropane market is anticipated to remain steady, if not reduce in size, over the forecast period. This can be said due to the significant use of solventborne products in developing economies. Countries like China and India do not have a strong monitoring platform pertaining to the use of hazardous chemicals which further helps the SME (Small- & Medium-scale Enterprises) manufacturers to use 2 – nitropropane in the manufacture of numerous end products such as paint, coatings, adhesives and varnishes. Further, the use of 2 – nitropropane as a fractionating solvent in food processing industries for the production of partially saturated vegetable oil. The use of 2 – nitropropane in food industries is very limited considering the large-scale consumption pattern and the potentially harmful effects of the solvent. 2 – Nitropropane is classified as a possible carcinogen to humans by IARC due to data inadequacy but considering the sufficient indication of carcinogens in animal testing.

Several governing authorities such as The US EPA (Environmental Protection Agency), ECHA (European Chemicals Agency) and CAREX (CARcinogen EXposure) Canada among others have restricted the use of 2 – nitropropane. Numerous policies have been drafted which have compelled several end users of 2 – nitropropane to shift to greener products in the production of downstream goods.  The rising awareness surrounding the harmful effects of VOC have reduced the demand for solventborne products. Furthermore, rising popularity of waterborne paints and coatings are further estimated to stagnate the demand for 2 – nitropropane.

Due to the regulated scope of application and limited opportunities offered in the 2 – nitropropane marketplace, very few number of manufacturers are noted to be involved in its production. With a gradual shift from industrial applications to lab – scale applications, 2 – nitropropane market is anticipated to remain steady over the forecast period, if the environmental scenario does not change around it.

2 – Nitropropane Market: Segmentation

The global 2 – nitropropane market can be segmented on the basis of purity and application.

On the basis of purity, the global 2 – nitropropane market can be segmented into:

  • Commercial Grade (≥ 90% 2 – nitropropane purity)
  • Mixture (1 – nitropropane and 2 – nitropropane)

On the basis of application, the 2 – nitropropane market can be segmented into:

  • Solvent
  • Additive
  • Paint & Varnish Remover
  • Intermediate

2 – Nitropropane Market: Regional Outlook

On a regional front, some of the prominent manufacturers are found to be based in the countries of Asia Pacific such as India and China. The governing bodies in the mature markets of North America and Europe, 2 – nitropropane is very closely scrutinized. Having been discontinued by numerous market players after the policy amendments, 2 – nitropropane consumption is mainly dependent on the international trade.

Some of the market participants in the global 2 – nitropropane market identified across the value chain include TCI Chemicals (India) Pvt. Ltd., Merck KGaA, Orion Chem Pvt Ltd, LGC Limited, ChemService, Inc.

The 2 – Nitropropane research report presents a comprehensive assessment of the 2 – Nitropropane market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The 2 – Nitropropane research report provides analysis and information according to market segments such as geographies, scaffold type, position, number of points and number of tiers.

The 2 – Nitropropane report covers exhaustive analysis on:

  • 2 – Nitropropane Market Segments
  • 2 – Nitropropane Market Dynamics
  • 2 – Nitropropane Market Size
  • 2 – Nitropropane Market Supply & Demand Scenario
  • 2 – Nitropropane Market Current Trends/Issues/Challenges
  • 2 – Nitropropane Market Competition & Companies Involved
  • 2 – Nitropropane Market Value Chain

Regional Analysis for 2 – Nitropropane Market includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The 2 – Nitropropane report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The 2 – Nitropropane report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The 2 – Nitropropane report also maps the qualitative impact of various market factors on market segments and geographies.

2 – Nitropropane Report Highlights:         

  • Detailed overview of parent market
  • Changing 2 – Nitropropane market dynamics in the industry
  • In-depth 2 – Nitropropane market segmentation
  • Historical, current and projected 2 – Nitropropane market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for 2 – Nitropropane market players to sustain and enhance their market footprint
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