Nitric Acid Market to Witness Huge Growth in The Future | BASF SE; CF Fertilisers UK. Company; Orica Limited
In- depth Analysis of the Report: -
Global nitric acid market is expected to register a steady CAGR of 3.25% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing usage of fertilizers globally to meet the rising demands for agricultural products.
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Overall overview of the market with estimated market size by production, application, market share, market growth and region is included in this Nitric Acid Market research report. It also provides market trends, market dynamics and grasp the recent technological advancements.
Key vendors operating in the market:
Few of the major competitors currently working in the global nitric acid market are BASF SE; CF Fertilisers UK. Company; Orica Limited; The Chemours Company; DuPont de Nemours, Inc.; Nutrien Ltd.; LSB Industries; Incitec Pivot limited; Dyno Nobel; IXOM; J.R. Simplot Company; Wesfarmers Chemicals, Energy & Fertilisers; PVS Chemicals; Yara; DFPCL; Koch-Glitsch, LP; Koch Fertilizer, LLC; Kemcore; ALVIGO Group of Companies among others.
Market Analysis by Segmentation
By Product Type
o Dilute Nitric Acid (68%)
o Concentrated Nitric Acid (69%-71%)
o Ammonium Nitrate
o Toluene Di-isocynate
o Adipic Acid
o Nitro Chlorobenzene
By End-Use Industry
By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
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o High demands associated for the product due to increasing areas of application for polyurethane foams; this factor is expected to propel the growth of the market
o Growing areas of application of nitric acid in a number of other industries including chemical and fertilizer acts as a market driver
o Growth in usage of adipic acid for lightweight automotive production will boost this market growth
o Prevailing mining industries uses ammonium nitrate (AN) as popular explosive and blasting agent also acts as a market driver in the forecast period
Insights of the Study
o Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
o Market Penetration: Comprehensive information on the product portfolios of the top players in the Nitric Acid Market
o To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
o The key findings and recommendations highlight crucial progressive industry trends in the Nitric Acid Market, thereby allowing players to develop effective long term strategies
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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This Nitric Acid Market research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.
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