PICRIC ACID MARKET ANALYSIS

Dry and dehydrated picric acid is odorless and yellow colored crystals. It is highly unstable and is used as a high powered explosive. Wet picric acid is slightly less reactive but is unstable and is used in other end-use industries. The pyrotechnic ability of picric acid allows it to be utilized in explosives. Also, the antiseptic and astringent properties make it a crucial part of pharmaceutical industry. It is also used in the textile industry, as a yellow dye. Moreover, its toxic nature is an advantage while in the form of pesticide. According to ACGIH, if picric acid is ingested or inhaled by any person in quantities more than 1-2gms, it may lead to severe poisoning. Picric acid finds significant application as an etching agent of magnesium alloys as well.

• Asia Pacific is the largest and fastest growing region in the global picric acid market.
  • In Latin America, the emergence of Brazil, Argentina,
  • Mexico as major markets in end-user industries has resulted in market growth.
  • Moreover, increasing agricultural land by logging of Amazon rainforest has resulted in use of picric acid and its derivatives as pesticides.
  • North America and Europe dominate the arms manufacturing industry The increased armament of countries all around the world has led to an arms industry revival, boosting picric acid market as well.
  • The Middle East and Africa has witnessed substantial growth in the pharmaceutical industry. With increased medical aid to Africa from the western world, use of antiseptic medicines has grown in this region, resulting in picric acid market growth.