The Picric Acid Market size is USD 33.3 Bn in 2026.
The Picric Acid Market is projected to grow at a CAGR of 6% by 2033, reaching USD 50.7 Bn.
The Picric Acid Market growth drivers include rising demand from defense and explosives, increasing pharmaceutical applications, and expanding mining and agrochemical sectors.
Asia Pacific is the dominating region for Picric Acid Market.
BASF SE, Lanxess AG, Sigma Aldrich (Merck Group), TCI Chemicals, and Loba Chemie Pvt. Ltd. are some leading industry players in the Picric Acid Market.