Europe Pure Nicotine Market to See Phenomenal Growth Rate of About 5.83% by 2022
Europe Pure Nicotine Market Information- by type, application (e-liquid, smoking cessation products) and by Country - Forecast to 2022
Pune, India -- (SBWire) -- 08/14/2017 --Market Research Future adds new report of "Europe Pure Nicotine Market Research Report - Forecast to 2022" it contains Company information, geographical data and Table of Content
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.
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- The Europe pure nicotine market is projected to 5.521 kilo tons by 2022
- Bulgaria is emerging as new target country with projected CAGR of 7.08%
- Pure Nicotine is majorly used by E-cigarette application which account largest market share
Study Objectives of Europe Pure Nicotine Market Forecast to 2022:
- Detailed analysis for individual micro and macro markets for Europe pure nicotine.
- To estimate market size by type, by application and country.
- To understand the supply and demand dynamics of Europe pure nicotine.
- To provide country level market analysis and future outlook for Bulgaria, Italy, Germany, Poland and Rest of Europe
- Company profiling of major players & competitive positioning for the Hummus market.
- Value chain analysis and supply chain analysis of Europe pure nicotine.
- Analysis of historical market trends, and technologies, and current government regulatory requirements related to Europe pure nicotine market.
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The leading market players in the Europe pure nicotine market primarily are
- Contraf Nicotex Tobacco GmbH (CNT)
- Nicobrand Limited
- Alchem International SA
- Purenic (BGP Europe AG)
- Pure Nicotine Manufacturers
- E-cigarette Manufactures
- Pharmaceutical Industry
- Pesticides Manufacturers
- Traders, Importers and exporters
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Country Analysis of Europe Pure Nicotine Market Development and Demand Forecast to 2022 Market
The reports also cover country level analysis:
- Rest of the Europe
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