Global Bismuth Nitrate Market 2018-2022
About this market
Increasing use of environment-friendly nitrating agent to trend in the market. Bismuth nitrate is used as nitrating agent in laboratory applications as it is non-toxic, inexpensive, easy to handle, and insensitive to air. Technavio’s analysts have predicted that the bismuth nitrate market will register a CAGR of close to 5% by 2022.
Easy production process
Bismuth nitrate can be easily manufactured by treating bismuth metal and concentrated nitric acid. It can be manufactured both industrially and commercially without depending on latest technologies or equipment.
Potential health hazards
Bismuth nitrate is a moderate to highly concentrated liquid solution that can be extremely hazardous if ingested.
For the detailed list of factors that will drive and challenge the growth of the bismuth nitrate market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including ProChem and Thermo Fisher Scientific the competitive environment is quite intense. Factors such as the increasing use of environment-friendly nitrating agent and the easy production process, will provide considerable growth opportunities to bismuth nitrate manufactures. American Elements, Avantor, GFS Chemical, Merck, ProChem, and Thermo Fisher Scientific are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Bismuth Nitrate Market 2018-2022
Technavio recognizes the following companies as the key players in the global bismuth nitrate market: American Elements, Avantor, GFS Chemical, Merck, ProChem, and Thermo Fisher Scientific.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing use of environment-friendly nitrating agent.”
According to the report, one of the major drivers for this market is the easy production process.
Further, the report states that one of the major factors hindering the growth of this market is the potential health hazards.
Thermo Fisher Scientific
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