According to Cognitive Market Research, the global Nitroglycerin API market size is USD 22.9 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
North America held the major market, accounting for more than 40% of global revenue. With a market size of USD 9.16 million in 2024, it will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 6.87 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 5.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America market will account for more than 5% of global revenue and was USD 1.15 million in 2024, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa held the markets, accounting for around 2% of global revenue. The market was USD 0.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The 10% NG held the highest Nitroglycerin API market revenue share in 2024.
