Press release
Global Concentrated Nitric Acid Market Technology Trends in Future
Nitric acid (HNO3) is a colorless liquid acid commonly used in the manufacturing of fertilizers utilized in the agriculture sector. Concentrated nitric acid is a form of nitric acid. In this report, nitric acid with a concentration level of 70% or more has been considered. Concentrated nitric acid is majorly used in the manufacturing of ammonium nitrate; nitrobenzene, adipic acid, trinitrotoluene, toluene disocyanate, (TDI), and nitroglycerine, which are used across major end-user industries such as explosives, agrochemicals, automotive, electrical and electronics, and others.
Technavios analysts forecast the global concentrated nitric acid market to grow at a CAGR of 3.09% during the period 2018-2022.
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Covered in this report
The report covers the present scenario and the growth prospects of the global concentrated nitric acid market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Concentrated Nitric Acid Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
BASF
DowDuPont
Hanwha Group
LSB Industries
UBE INDUSTRIES
Yara
Other prominent vendors
DFPCL
Plinke
ChemChina
Market driver
Growing demand from major end-user industries
For a full, detailed list, view our report
Market trend
Growing economy in APAC
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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