ID: MRFR/F-B & N/1839-CR | January 2017 | Region: Global | 49 pages
Pure nicotine is a colourless liquid with a characteristic acrimonious odour. It is a colourless liquid that turns brown and smells like tobacco when exposed to air. It is the purest and freshest Nicotine solution available in the market that is derived from the finest, pesticide-free Tobacco leaves. It is naturally sourced, filtrated, extracted, separated and distilled to amass a true and clean nicotine produce.
The Europe pure nicotine market has witnessed continued demand during the last few years and is projected to reach 5.521 Kilo tons at a CAGR of 5.83% by 2022. Increase in demand for the nicotine replacement therapy (NRT) products will drive the higher demand for the pure nicotine in the coming years. Increase in demand across various applications including e-liquid, smoking cessation products, bio pesticides and other industrial purposes is driving higher demand for pure nicotine.
Europe pure nicotine market, based on application, is segmented into e-liquid, smoking cessation products, pharmaceuticals, bio-pesticide and others E-liquid dominated and having more than 50% market share in the year 2016 and is projected to grow at the highest CAGR at 5.85% during the forecast period followed by smoking cessation products with market share more than 25% and growing at CAGR of 5.8% for the corresponding period. The innovations in pure nicotine products and process prime objectives include achieving reductions in cigarette consumption by providing various product forms, flavors, and packaging styles is supporting the market growth.
Rest of the Europe part accounted for the largest market share which is more than of 50% in 2016, with a market volume of 2.063 kilo tons and is projected to grow at a CAGR of 5.38% during the estimated period.
Study Objectives of Europe Pure Nicotine Market Forecast to 2022:
The leading market players in the Europe pure nicotine market primarily are Chemnovatic, Contraf Nicotex Tobacco GmbH (CNT), Nicobrand Limited, Alchem International SA and Purenic (BGP Europe AG)
Country Analysis of Europe Pure Nicotine Market Development and Demand Forecast to 2022 Market
The reports also cover country level analysis:
Frequently Asked Questions (FAQ) :
Europe pure nicotine market volume would be 2.063 kilo tons.
Europe pure nicotine market CAGR would be 5.38% during the forecast period.
Bulgaria would be the new target country in the Europe pure nicotine market.
The Bulgarian pure nicotine market CAGR would be 7.08% during the forecast period.
E-cigarette segment would dominate the application-wise segmentation of the Europe pure nicotine market.