Nitric Acid Market Research Report Forecast to 2030

The Nitric Acid Market is anticipated to register a CAGR of 3.71% during the review period. Nitric acid (HNO3) is areas of strength for an acid with the synthetic recipe HNO3. It is additionally known as aqua fortis. In its unadulterated structure, nitric acid is a dreary, exceptionally destructive fluid with a sharp and impactful scent. It is a strong oxidizing specialist and can respond fiercely with certain substances. Nitric acid is a fundamental compound in different modern cycles, research facilities, and assembling applications.

Developing interest for composts is driving the Nitric Acid Market development. Nitric acid is a fundamental part in the creation of ammonium nitrate and other nitrogen-based composts, which are fundamental for upgrading agricultural efficiency and fulfilling the rising food needs of a developing worldwide populace. As ranchers look to further develop crop yields and lift agricultural result, there is a rising dependence on nitrogen-based manures that require nitric acid in their assembling cycle. This raising interest for manures, particularly in arising economies with growing agricultural areas, has prompted an equal flood in the utilization of nitric acid around the world.

Nitric acid is an essential natural substance in the development of different explosives utilized in safeguard applications, including ammo, rockets, fuels, and military-grade fireworks. In an undeniably unpredictable worldwide international scene, nations overall are zeroing in on reinforcing their guard capacities. This has prompted a flood in guard spending and modernization endeavors, bringing about higher utilization of explosives and, thus, driving the interest for nitric acid.

Market Segmentation

The Nitric Acid Market has been categorized based on type into Dilute Nitric Acid and Concentrated Nitric Acid.

Based on application, the nitric acid market has been segmented into Fertilizers, Nitrobenzene, Toluene Di-Isocyanate, Adipic Acid, Nitro Chlorobenzene and Others.

Based on end use, the Nitric Acid Market has been segmented into Agrochemicals, explosives, chemical and others.

Regional Analysis

The rest of the world arose as the main and the quickest developing fragment with a CAGR of 3.88%. The portion is projected to arrive at a worth of USD 15,463.8 million toward the forecast time frame's end. The North America region represented the second-biggest developing fragment with a sound CAGR of 3.35 %.

The nitric acid market is described by the presence of numerous regional and neighborhood merchants. The market is profoundly cutthroat, with every one of the players persistently contending to gain a bigger market share. Expanding ecological worries and government backing and framework improvement are a portion of the significant variables that drive the market. The sellers contend concerning cost, item quality, dependability, and aftermarket administrations. It is critical for merchants to give practical and proficient items to make due and prevail in a cutthroat market climate.

Major Players

Key Companies in the Nitric Acid Market includes BASF SE, Yara International ASA, Grupa Azoty S.A., OCI Nitrogen, INEOS Enterprises, Fertiberia S.A., Duslo, a.s , SKW Stickstoffwerke Piesteritz GmbH, Chemische Fabrik Kalk GmbH, and EuroChem.

Product Code: MRFR/CnM/1626-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
1.2 NITRIC ACID MARKET, BY TYPE
1.3 NITRIC ACID MARKET, BY APPLICATION
1.4 NITRIC ACID MARKET, BY END-USE INDUSTRY
1.5 NITRIC ACID MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN & BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 OVERVIEW
4.2 DRIVERS
- 4.2.1 GROWING DEMAND FOR FERTILIZERS
- 4.2.2 INCREASING CONSUMPTION IN CHEMICALS INCLUDING TOLUENE DI-ISOCYANATE (TDI) AND ADIPIC ACID
- 4.2.3 DEMAND FOR EXPLOSIVES IN MILITARY AND DEFENSE INDUSTRIES
4.3 RESTRAINTS
- 4.3.1 STRINGENT REGULATIONS
- 4.3.2 ECONOMIC FACTORS
4.4 OPPORTUNITIES
- 4.4.1 GROWTH OF END USE INDUSTRY

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL SUPPLIERS
- 5.1.2 NITRIC ACID MANUFACTURERS
- 5.1.3 DISTRIBUTION & SALES CHANNEL
- 5.1.4 END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 PRICE OVERVIEW - BY REGION (USD/TON)
5.4 IMPACT OF COVID-19 ON THE GLOBAL NITRIC ACID MARKET
- 5.4.1 IMPACT OF COVID-19 ON THE SUPPLY CHAIN
- 5.4.2 QUALITATIVE ALAYSIS OF CHANGE IN DEMAND FROM END USE INDUSTRY

6 GLOBAL NITRIC ACID MARKET, BY TYPE

6.1 OVERVIEW
6.2 GLOBAL NITRIC ACID MARKET SIZE, MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030
- 6.2.1 GLOBAL NITRIC ACID MARKETSIZE: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030
6.3 GLOBAL NITRIC ACID MARKET SIZE, MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030
- 6.3.1 GLOBAL NITRIC ACID MARKETSIZE: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030
6.4 DILUTE NITRIC ACID
6.5 CONCENTRATED NITRIC ACID

7 GLOBAL NITRIC ACID MARKET, BY APPLICATION

7.1 OVERVIEW
7.2 GLOBAL NITRIC ACID MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
- 7.2.1 GLOBAL NITRIC ACID MARKETSIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
7.3 GLOBAL NITRIC ACID MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
- 7.3.1 GLOBAL NITRIC ACID MARKETSIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030
7.4 FERTILIZERS
7.5 NITROBENZENE
7.6 TOLUENE DI-ISOCYANATE
7.7 ADIPIC ACID
7.8 NITRO CHLOROBENZENE
7.9 OTHERS

8 GLOBAL NITRIC ACID MARKET, BY END-USE INDUSTRY

8.1 OVERVIEW
8.2 GLOBAL NITRIC ACID MARKET SIZE, MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019-2030
- 8.2.1 GLOBAL NITRIC ACID MARKETSIZE: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019-2030
8.3 GLOBAL NITRIC ACID MARKET SIZE, MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019-2030
- 8.3.1 GLOBAL NITRIC ACID MARKETSIZE: MARKET ESTIMATES & FORECAST BY END-USE INDUSTRY, 2019-2030
8.4 AGROCHEMICALS
8.5 EXPLOSIVES
8.6 CHEMICAL
8.7 OTHERS

9 GLOBAL NITRIC ACID MARKET, BY REGION

9.1 OVERVIEW
- 9.1.1 NORTH AMERICA
- 9.1.2 EUROPE
- 9.1.3 LATIN AMERICA
- 9.1.4 AFRICA
- 9.1.5 REST OF THE WORLD
9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.2 CANADA
9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.2 UK
- 9.3.3 FRANCE
- 9.3.4 RUSSIA
- 9.3.5 SPAIN
- 9.3.6 ITALY
- 9.3.7 FINLAND
- 9.3.8 NORWAY
- 9.3.9 SWEDEN
- 9.3.10 DENMARK
- 9.3.11 BELGIUM
- 9.3.12 NETHERLANDS
- 9.3.13 POLAND
- 9.3.14 REST OF EUROPE
9.4 LATIN AMERICA
- 9.4.1 BRAZIL
- 9.4.2 MEXICO
- 9.4.3 ARGENTINA
- 9.4.4 REST OF LATIN AMERICA
9.5 AFRICA
- 9.5.1 NIGERIA
- 9.5.2 EGYPT
- 9.5.3 SOUTH AFRICA
- 9.5.4 REST OF AFRICA

10 COMPETITIVE LANDSCAPE

10.1 COMPETITIVE OVERVIEW
10.2 RECENT DEVELOPMENTS
- 10.2.1 EXPANSIONS
10.3 MAJOR GROWTH STRATEGY IN THE NITRIC ACID MARKET
10.4 COMPETITIVE BENCHMARKING

11 COMPANY PROFILES

11.1 BASF SE.
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 YARA INTERNATIONAL ASA
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 GRUPA AZOTY S.A.
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 OCI NITROGEN
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
11.5 INEOS ENTERPRISES
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 FERTIBERIA S.A.
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 DUSLO, A.S
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 SKW STICKSTOFFWERKE PIESTERITZ GMBH
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
11.9 CHEMISCHE FABRIK KALK GMBH
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
11.10 EUROCHEM
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGIES

12 APPENDIX

12.1 REFERENCES
12.2 RELATED REPORTS