The global demand for Concentrated Nitric Acid Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Concentrated nitric acid is highly corrosive, colourless or yellowish fuming transparent, acid that acts on all metals. Concentrated nitric acid is also called a spirit of nitre or aqua fortis. It is commercially, available in concentrated form (69 to 71 % in water) with a boiling point at 83°C and freezing point at -42°C. Concentrated nitric acid is a common laboratory reagent, however highly toxic and corrosive to skin. Concentrated nitric acid is widely used in many sectors. It is used in the production of pesticides, synthetic rubbers, polyurethane foams, and elastomers. This acid is used in agricultural industries to produce nitrogen fertilizers. In rocket propellant concentrated nitric acid is used as an oxidizer. This acid is also applied in dye intermediates.
The increasing demand for synthetic rubbers, elastomers, and polyurethane foams in building & construction, furniture, and automotive industry is the key factor that is driving the global concentrated nitric acid market. Moreover, the growth of the agriculture sector with increasing demand for nitrogen fertilizers is boosting the concentrated nitric acid market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of concentrated nitric acid.
The entire concentrated nitric acid market has been sub-categorized into type, application and end-use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Strong Nitric Acid
- Fuming Nitric Acid
By End-Use Industry
- Ammonium Nitrate
- Adipic Acid
- Toluene Diisocyanate
This section covers regional segmentation which accentuates on current and future demand for concentrated nitric acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Concentrated Nitric Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the concentrated nitric acid market include Agrium Inc.(Canada), Deepak Fertilisers and Petrochemicals Corp. Ltd. (India), CF Industries (US), Hanwha Corporation (South Korea), LSB Industries Inc. (U.S.), Potash Group (Canada), National Chemical Group (Russia), Shandong Fengyuan Chemical Stock Co. Ltd. (China), OCI N.V. (Netherlands), Ube Industries (Japan), Yara International (Norway). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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