Press release
The Nitric Acid Market to sync with green growth between 2016 and 2024
To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/11677
australia-nitric-acid-market
Capacity expansion of ammonium nitrate facilities and increasing mining activities are some of the factors expected to drive growth of the Australia nitric acid market over the forecast period. An increased production of ammonium nitrate owing to increasing demand for ammonium nitrate-based explosives is in turn expected to drive demand for nitric acid during the forecast period.
Demand for ammonium nitrate explosives is highly dependent on mining exploration activities. Increasing mining exploration activities in Australia - especially in Western Australia and Queensland - are expected to boost the production and consumption of nitric acid in the country. However, enhanced efforts toward development of alternatives for ammonium nitrate-based explosives in the mining industry could restrain the growth of the nitric acid market in Australia during the forecast period.
By application, the explosives segment accounted for over 90% volume share in 2015 and is expected to continue to dominate the nitric acid market in Australia, registering a CAGR of 8.0% over the forecast period. In the product type category, the non-fuming segment is likely to account for the largest share of the nitric acid market in Australia and is expected to expand at a CAGR of 8.2% over the forecast period, creating total incremental opportunity of US$ 580.4 Mn between 2015 and 2024.
To connect with our sales representative- sales@persistencemarketresearch.com
The non-fuming product type segment in the Australia nitric acid market was valued at US$ 609.7 Mn in 2015 and is projected to increase to US$ 1.24 Bn by the end of 2024. Application of fuming nitric acid in precious metal refining as well as in litho printing is expected to drive growth of the fuming segment over the forecast period.
The commercial grade segment accounted for 95.3% share of the nitric acid market in Australia in terms of value in 2015 and is anticipated to register a CAGR of 7.9% during the forecast period. The explosives segment accounted for 95.4% share of the Australia nitric acid market in terms of value in 2015 and is anticipated to register a CAGR of 8.0% over the forecast period.
To receive an extensive list of important regions, ask for a Table of Content @ https://www.persistencemarketresearch.com/toc/4520
Queensland and Western Australia are the largest markets for nitric acid in Australia, cumulatively accounting for 58.0% share in 2015. Western Australia, New South Wales, and Queensland are expected to be the most attractive markets for nitric acid in Australia over the forecast period. Consumption of nitric acid in these three regions is expected to reach 1,444.9 kilotons by the end of 2016.
Leading players in the Australia nitric acid market include Orica Limited, Wesfarmers Chemicals, Energy & Fertilizers, and Incitec Pivot Limited.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/11677
Complete Report Details@ https://www.persistencemarketresearch.com/market-research/nitric-acid-market.asp
Read More Trending "PMR Exclusive Article"-
Cobalt Sulfate Market@ https://www.persistencemarketresearch.com/market-research/cobalt-sulfate-market.asp
Bromine Market@ https://www.persistencemarketresearch.com/market-research/bromine-market.asp
Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
About us-
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.
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 The Nitric Acid Market to sync with green growth between 2016 and 2024 here
News-ID: 2603550 • Views: …
More Releases from Persistence Market Research
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Australia
Derila Memory foam pillow Australia: Honest Reviews About Derila Australia
Derila is one of the best memory foam pillows sold in Australia today.
Priced at around 30 dollars (USD), derila is currently the most reviewed and the cheapest memory pillow available in Australia.
What is Derila? Is Derila Pillow the best in Australia? Keep reading to discover everything worth knowing about Derila Australia.
OVERVIEW
Recently, Memory foam pillow has been trending and there is a lot of brands to choose from. Which one is…
CeraCare Australia - Where to Buy Legit CeraCare Supplement in Australia?
CeraCare Australia - Ceracare is a glucose support supplement that proposes to augment cardiovascular prosperity and to stay aware of perfect glucose assimilation in Australia. CeraCare supplement is conceptualized and executed by a threesome – Christine, Dr. Jihn and Michael. It is a natural supplement that helps one stay aware of ideal glucose levels, cardiovascular prosperity, and glucose assimilation.
Take Advantage of 80% Discount Offer in Australia >> https://boostsxproaustralia.com/ceracare-new
The indications…
Glucofort Australia - Where to Buy Legit Glucofort Supplement in Australia?
Glucofort Australia - Glucofort is an efficient, all-natural progressive glucose support supplement in Australia. This formula is made out of 12 key ingredients, 7 nutrients, and minerals, and a little of Vanadium. This supplement upholds regulated glucose levels and glucose digestion. Glucofort prides itself as the most inventive supplements available in Oceania, accentuating its solidarity, wellbeing, and quality.
Take Advantage of 75% Discount Offer in Australia >> https://boostsxproaustralia.com/glucofort-new
Rather than simply…
Australia Agriculture Market, Australia Agriculture Industry, Australia Agricult …
Australia Agriculture has been as vital within the development of Australia, because it was within the United States. Australia's ancient dominance in wheat and sheep continues into the 21st century. Recently Australian agriculture has become more and more diversified. The considerable expanses of productive land have helped Australia to become a number one world exporter of grains, meats, and wool. Each grains (predominantly wheat and barley) and wool markets round…
Australia Conveyor Maintenance Analysis by Top Companies Habasit Australia Pty l …
Global Australia Conveyor Maintenance Market and Competitive Analysis
Know your current market situation! Not only a vital element for brand new products but also for current products given the ever-changing market dynamics. The study allows marketers to remain involved with current consumer trends and segments where they'll face a rapid market share drop. Discover who you actually compete against within the marketplace, with Market Share Analysis know market position, to push…
Australia Conveyor Maintenance Market Analysis By Manufacturers Rema Tip Top Aus …
A conveyor system is a common piece of mechanical handling device that moves materials/objects from one location. A conveyor is often lifeline to a company’s ability to effectively move its products in a timely manner. While it is used constantly in a manufacturing plant, proper maintenance from trained technicians can extend the lifespan of conveyor. Furthermore, conveyor maintenance is essential as it may be subjected to different types of failures…
