openPR Logo
Press release

Nitric Acid Market Driven by Industry Analysis, Growth, Size, COVID-19 Overview, Opportunities, Share, Companies Strategy & Prediction – 2025

07-20-2020 05:37 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Research Future

Nitric Acid Market Driven by Industry Analysis, Growth, Size,

Nitric Acid Market Synopsis

Market Research Future speculates the global nitric acid market is estimated to register 6.5% CAGR during the appraisal period (2016-2022) owing to the augmenting need for crop yield. Nitric acid is referred to as a corrosive and colorless mineral acid with a concentration of 70% and turns pale yellow due to the decomposition of oxides. Also termed as aqua fortis or spirit of niter, nitric acid is witnessing high demand in the manufacture of fertilizers, explosives, and nylon. It is a poisonous liquid which produces choking yellow or red fumes in moist air and is a strong oxidizing agent. Nitric acid is considered a good conductor of electricity as it ionizes readily in solution. It is miscible in water and is a slightly yellow aqueous solution treated top remove most free nitrogen oxides.

Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/nitric-acid-market-2190

Nitric Acid Market Proportion and Pitfalls

The COVID-19 analysis on nitric acid market is majorly driven by the fertilizer industry owing to the augmenting need for crop yield in order to meet the increasing population’s demand for food. With the extensive use of calcium ammonium nitrate and ammonium nitrate in fertilizers, the market for nitric acid is estimated to widen throughout the assessment period. Ammonium nitrate is generally derived from nitric acid and is extensively used to manufacture fertilizers and explosives. With the augmenting demand from the defense industry due to use of explosives at the cross border area, nitric acid’s production has increased.

Competitive Dashboard

The prominent players operating the global nitric acid market are LyondellBasell Industries, Koch Fertilizer LLC, PVS Chemicals, The Dow Chemical Company, Agrium Inc., Apache Nitrogen Products Inc, AkzoNobel NV, Basic Chemical Solutions LLC, BASF SE, Bayer AG, and others.

Global Nitric Acid Market: Segmental Insights

The global nitric acid type market has been segmented on the basis of application.

By mode of application, the global nitric acid industry has been segmented into nitrobenzene, fertilizers, adipic acid, toluene diisocyanate, and nitro chlorobenzene. Among these, the fertilizers segment is estimated to dominate the global nitric acid market and is anticipated to retain its dominance. The growth is credited to the agricultural growth in economies such as China, India, and Brazil. With the increasing demand for food along with favorable support from the government is expected to stir up the nitric acid production capacity.

Nitric Acid Market Regional Insights

Geographically, the nitric acid market spans across regions namely, Europe, Asia Pacific, North America, and Rest-of-the-World (RoW).

Among all the regions, the Asia Pacific region is considered to occupy the largest market share due to the augmenting chemical and fertilizers industry in this region. The region leads the global market and offers huge growth potential for nitric acid production owing to the continuous growth if textile, pharmaceutical, and fertilizer industry in economies such as India, China, and South Korea. Also, with the end-use industrial growth in several countries like India, South Korea, China, Japan, Vietnam, Thailand, Malaysia, and Bangladesh, the market in this region is expected to flourish. Additional factors gearing up the market growth are the increasing investment by major companies coupled with the shifting production facilities in this region.

The North American region is estimated to experience a moderate growth rate owing to the expansion of the pharmaceutical sector. On the other hand, the European region is predicted to generate a moderate growth rate due to the significant growth of textile and automobile industries.

Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report

Read more details at: https://www.marketresearchfuture.com/videos

Read more details at: https://www.marketresearchfuture.com/infographics

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of market and industries. Cordially get in touch for more details.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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 Driven by Industry Analysis, Growth, Size, COVID-19 Overview, Opportunities, Share, Companies Strategy & Prediction – 2025 here

News-ID: 2093430 • Views:

More Releases from Market Research Future

Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating and Coastal Activities
Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating …
As per the latest analysis by Market Research Future, the Small Boats Market Size was estimated at 17.12 (USD Billion) in 2024. The Small Boats Market Industry is expected to grow from 17.88 (USD Billion) in 2025 to 26.41 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 4.43% during the forecast period (2025 - 2034). The global small boat industry is witnessing significant growth, driven
Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Redefine Vehicle Aesthetics and Functionality
Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Rede …
As per the latest analysis by Market Research Future, the Automotive Trim Market Size was estimated at 140.30 (USD Billion) in 2024. The Automotive Trim Market Industry is expected to grow from 144.87 (USD Billion) in 2025 to 193.22 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 3.25% during the forecast period (2025 - 2034). The automotive industry is witnessing a significant transformation in vehicle
Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next-Generation Vehicles | Robert Bosch Gmbh, Technoton
Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next- …
As per the latest analysis by Market Research Future, Automotive Fuel Level Sensor Market Size was valued at USD 5,788.04 million in 2024. The Automotive Fuel Level Sensor market industry is projected to grow from USD 6,008.32 million in 2025 to USD 9,201.90 million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.35% during the forecast period (2024 - 2035). With the global automotive industry focused on precision,
Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructure Evolve | Market Growth with 15.62% CAGR
Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructu …
As per the latest analysis by Market Research Future, the Valet Parking Technology Market Size was estimated at 1.41 (USD Billion) in 2024. The Valet Parking Technology Market Industry is expected to grow from 1.63 (USD Billion) in 2025 to 6.01 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 15.62% during the forecast period (2025 - 2034). Valet parking technology is emerging as a transformative

All 5 Releases


More Releases for Nitric

Nitric Acid Prices 2025: Track Real-Time Prices
Nitric Acid Prices (Ex-Works China): YoY Trends and 2025 Outlook The Nitric Acid market in China has experienced a significant decline in prices over the past year, driven by market fluctuations, demand uncertainties, and global supply chain challenges. Based on Ex-Works China pricing data, the price per ton of Nitric Acid dropped notably from 2023 to 2024. Get the Real-Time Price Analysis: https://www.expertmarketresearch.com/price-forecast/nitric-acid-price-trends/requestsample In October 2023, Nitric Acid was priced at USD 300
Top Factor Driving Concentrated Nitric Acid Market Growth in 2025: Personal Prot …
What market dynamics are playing a key role in accelerating the growth of the concentrated nitric acid market? The concentrated nitric acid market is projected to grow, driven by the increasing demands for personal protective equipment. Personal protective equipment (PPE) consists of safety apparel such as protective clothing, helmets, gloves, face shields, goggles, face masks, and breathing apparatus. Predominantly facemasks and gloves, made from plastic polymers, utilize concentrated nitric acid in
Nitric Acid Market Analysis & Forecast 2024-2033
The Business Research Company recently released a comprehensive report on the Global Nitric Acid Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample
Concentrated Nitric Acid Market Report 2024 - Concentrated Nitric Acid Market Tr …
"The Business Research Company recently released a comprehensive report on the Global Concentrated Nitric Acid Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive
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
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