The global nitromethane market size reached US$ 210.7 Million inĀ 2023. Looking forward, IMARC Group expects the market to reach US$ 335.7 Million byĀ 2032, exhibiting a growth rate (CAGR) ofĀ 5.31% duringĀ 2024-2032. This results in increased power output. It is a vital intermediate in chemical synthesis, producing pharmaceuticals, agrochemicals, and explosives.