Press release
Nitric Acid Market to Reflect a Holistic Expansion During 2015-2021
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/4520
The market for nitric acid was mainly driven by fertilizer industry. Nitric acid is used in manufacturing of ammonium nitrate and calcium ammonium nitrate which finds application in fertilizers. Ammonium nitrate is also used in manufacturing of urea ammonium nitrate (UAN) which is used as fertilizer solution and in explosives. Ammonium nitrate is also used as blasting and explosives agent in various applications. Calcium ammonium nitrate is used in manufacturing of fertilizers solutions. Adipic acid is one of the applications which use nitric acid during manufacturing process. Adipic acid is used in manufacturing of nylon 6,6. Nylon 6,6 is used in various end-user industries such as automotive, textiles and tire among others. Nitric acid is also used as an intermediate in manufacturing of toluene diisocyanate (TDI). Toluene diisocyanate is used in manufacturing of polyurethane foams which are used in automotive, transpiration, carpet and furniture industry. Nitric acid is used as an intermediate in manufacturing of nitrobenzene and nitrochlorobenzenes among others. Nitric acid is also used as oxidizer in rocket propellants. However, the market is likely to hinder in near future owing to environmental and health hazards associated with the nitric acid industry.
In terms of demand, Europe was the leading region in nitric acid market in 2013. The demand in the Europe is mainly driven by fertilizer and explosives industry. Western and Eastern Europe had the highest demand for nitric acid in this region. However, central Europe is likely to offer better opportunity for the market in near future. Europe was followed by Asia Pacific. Asia Pacific is considered to be one of the fastest growing regions for the nitric acid market. China had the highest demand for nitric acid in this region. India, Japan and Taiwan are expected to positive outlook for the nitric acid market in upcoming years. North America had the third-largest demand for nitric acid market in 2013. Increasing demand for nitric acid from fertilizer industry coupled other end-user such as explosives, TDI and adipic acid has been driving the market for nitric acid. U.S. had the highest demand for nitric acid in North America. Rest of the World market is anticipated to demonstrate optimistic future for the nitric acid market. Latin America and the Middle East will exhibit higher demand for nitric acid over the forecast period.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/4520
Some of the key manufacturers in the nitric acid market are Agrium Inc., BASF SE, Bayer AG, LyondellBasell Industries and The Dow Chemical Company among others.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Nitric Acid Market to Reflect a Holistic Expansion During 2015-2021 here
News-ID: 1270344 • Views: …
More Releases from Persistence Market Research (PMR)
Virtual Desktop Infrastructure Market Unit Sales to Witness heightened Growth in …
As per findings of a new market research report by Persistence Market Research, the global virtual desktop infrastructure market reached a valuation of nearly US$ 3.5 Bn in 2019, and is anticipated to exhibit a CAGR of around 12% during the forecast period of 2020 to 2030.The adoption of BYOD allows employees to bring their own devices in the organization, which allows then to access company information and applications via virtual desktop infrastructure. With such a BYOD policy, both, employers…
Physician Scheduling Systems Market to Generate Profitable Avenues for Existing …
As per findings of a new market research report by Persistence Market Research, the global physician scheduling system market reached US$ 311 Mn in 2019 and is anticipated to exhibit a healthy CAGR of 14% during the forecast period of 2020 to 2030. Adoption of physician scheduling systems is increasing across the world, as physicians encounter difficulties with increasing administrative tasks and regulations, which affects their ability to offer patient care, and they struggle to sustain their practices. To combat administrative work…
Demand for Rfid Electronic Toll Collection System Market from Major End-use Sect …
Many toll collection systems have already been developed with RFID technology, which is used to verify the identity of vehicles. RFID technology can provide new capabilities as well as an efficient method to manage, analyze, and collect information of vehicles at toll plazas. RFID electronic toll collection lanes reduce the traffic at toll booths. Increasing number of RFID lane systems, resulting in increased demand for integration, support services, and maintenance,…
Smart Home Cloud Platform Market Unit Sales to Witness heightened Growth in the …
In a smart home, appliances such as ACs, TVs, geysers, and lights have the potential to communicate with a cloud server. The cloud server communicates with these smart devices by sending and receiving signals through smartphones, laptops, or voice-enabled digital assistant devices.A homeowner can make his/her existing home smart by integrating cloud-based technology with it. Cloud computing enables homeowners to remotely access their home appliances, even if they are miles…
More Releases for Nitric
Nitric Acid Market Report Up to 2031
Visiongain has published a new report on Nitric Acid Market Report to 2031: By Type (Strong Nitric Acid, Fuming Nitric Acid, Other Type) By Application (Ammonium Nitrate, Adipic Acid, Toluene di-isocyanate (TDI), Nitrobenzene, Nitrochlorobenzene, Others Application) By End-Users (Fertilizers, Explosives, Chemical Intermediates, Others End-User) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
Visiongain has estimated that the total market for…
Nitric Acid Market Overview, Global Demand and Supply 2020
Global Nitric Acid Market research report published by market insight reports explores the current outlook in global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the global market, and divides the Market into several parameters.
This Nitric Acid Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes…
Global Nitric Acid Market Growth 2019-2024
Nitric acid is poisonous liquid that gives off choking red or yellow fumes in moist air. It is a strong oxidizing agent. It ionizes readily in solution, forming a good conductor of electricity. It is miscible with water in all proportions. Nitric acid is a clear to slightly yellow aqueous solution that has been treated to remove most free nitrogen oxides. This highly corrosive intermediate chemical is a strong mineral…
Fuming Nitric Acid Market Insights, Forecast to 2025
Global Fuming Nitric Acid market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Fuming Nitric Acid.
This report researches the worldwide Fuming Nitric Acid market size (value, capacity, production and consumption) in key…
Innovation Benchmarking in Nitric Acid Market
The global nitric acid market is slated to experience an increased demand from several end-use industries across the globe. The market is characterized by the presence of players who are constantly on the lookout for a greater market share. The production of nitric acid is an important component for market players within the industry, and hence, these players are concentrating on making their production process efficient and swift. This is…
Concentrated Nitric Acid Market Technological Breakthroughs by 2026
Nitric acid (HNO3), which is also known as spirit of niter or aqua fortis, is a mineral acid which is corrosive in nature. It is a strong oxidizing agent with acrid and pungent odor. Nitric acid is mainly used to add nitrogen into other compounds and is naturally made by reacting rain water with nitrogen oxides present in air. It is highly toxic and hence must be handled carefully by…
