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Nitric Acid Market Report, Insights, Size, Industry Growth | Valuates Reports
In 2020, the global Nitric Acid market size was US$ 12570 million and it is expected to reach US$ 15680 million by the end of 2027, with a CAGR of 3.2% during 2021-2027.
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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 acid used in the production of nitrate based fertilizers, nylon precursors and other specialty chemicals. In this report we converting the different concentration of nitric acid into 100, namely in this report we counting the nitric acid(100%)’s capacity, production price and other items.
Nitric Acid Market Share
Europe is the largest Nitric Acid market with about 36% market share. North America is follower, accounting for about 34% market share.
The key players are CF Industries Holdings, Yara, EuroChem, URALCHEM, Orica, Nutrien, Acron, SBU Azot, OCI, LSB Industries, Dyno Nobel, CVR Partners, Nutrien, Koch, Shanxi Tianji, Shanxi Xinghua, Yunnan Jiehua, Sinopec (Nanjing), Sichuan Gold Elephant, Anhui JinHe Industrial, Holitech, Henan Jinkai, Shandong Dier-chem, Liuzhou Chemical, Jiangsu Huachang Chemical, Hongda Chemical, Luguang Chemical, Hualong Ammonium Nitrate, Sichuan Chemical, Fujian Shaohua etc. Top 3 companies occupied about 50% market share.
Nitric Acid market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Nitric Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
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Nitric Acid Market Segmentation
Segment by Type, the Nitric Acid market is segmented into
• Dilute Nitric Acid
• Concentrated Nitric Acid
Segment by Application, the Nitric Acid market is segmented into
• Fertilizer
• Explosives
• Polyurethanes
• Polyamides
• Others
Regional and Country-level Analysis:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Southeast Asia
• Australia
• Rest of Asia-Pacific
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA
The major companies include:
• CF Industries Holdings
• Yara
• EuroChem
• URALCHEM
• Orica
• Nutrien
• Acron
• SBU Azot
• OCI
• LSB Industries
• Dyno Nobel
• CVR Partners
• Nutrien
• Koch
• Shanxi Tianji
• Shanxi Xinghua
• Yunnan Jiehua
• Sinopec (Nanjing)
• Sichuan Gold Elephant
• Anhui JinHe Industrial
• Holitech
• Henan Jinkai
• Shandong Dier-chem
• Liuzhou Chemical
• Jiangsu Huachang Chemical
• Hongda Chemical
• Luguang Chemical
• Hualong Ammonium Nitrate
• Sichuan Chemical
• Fujian Shaohua
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