Australia Nitric Acid Market is Anticipated to Expand at a Healthy CAGR of 7.8% by 2024

The global nitric acid market is  expected to be valued at US$725.3 million in 2016 and sales are expected to grow 1.8-fold by the end of 2024 and are estimated at US$1.3 billion

Persistence Market Research analyzes the market in Australia and presents the findings in a new report that includes data for 2015 and data for the forecast period 2016-2024. The main objective of the report is to identify opportunities in the market and provide latest updates and information affecting different segments of the Australian Nitric Acid market. Nitric acid is the basic raw material for the production of ammonium nitrate. It also finds application in the manufacture of fertilizers and is also used in the refining of precious metals and lithographic printing.

To understand and evaluate the opportunities in this market, the report is categorically divided into four sections: by product type, quality, application, and region. The market is segmented into smokers and non-smokers by product type; on the basis of merchantable quality and others; and based on application in explosives and fertilizers. The report provides an analysis of the Australian Nitric Acid Market in terms of market volume and market value in five key regions.

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The report begins with an overview of the market that provides a market definition and analysis of the main drivers, restraints, opportunities and trends in the Nitric Acid market in Australia. The overview section also includes a snapshot of the global nitric acid market as well as nitric acid production capabilities in Australia. The report also includes an in-depth analysis of the key drivers and restraints affecting the market.

The report also includes key trends in the Australian Nitric Acid market to provide customers useful information for decision making. The following sections cover market analysis by product type, class, application and region; and present a forecast for the period 2016-2024. All of the above sections evaluate the market based on market impact factors, covering both the current scenario and future prospects.

Research methodology

The forecast presented in this report evaluates the overall revenue of the Australian nitric acid market. The starting point is the assessment of the current market, which forms the basis for forecasts of how the market is likely to develop in the near future. Given the characteristics of the market, a thorough analysis based on supply side, demand side and consumption rate is considered. However, quantifying the market across all segments is more about quantifying expectations and identifying opportunities than rationalizing them once the forecast is complete.

To derive the size of the market, the report considers multiple viewpoints based on secondary research. Also data points like regional breakdown and market breakdown by product type, quality and application; and qualitative input from industry experts was considered to arrive at appropriate market assessments.

The forecast presented in the report assesses the actual consumption of nitric acid and the expected consumption in the Australian nitric acid market during the forecast period. For market data analysis, the report considers 2015 as the base year with estimated market numbers for 2016 and a detailed forecast for the entire period.

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To derive the size of the market volume, internal consumption of nitric acid for the production of ammonium nitrate and commercialized nitric acid were taken into account. In order to calculate the level of the market value of captive use of nitric acid, the average production cost of nitric acid was taken into account; and for the calculation of the market yield of commercialized nitric acid, the prices of the dealers were taken into account.

The Australia Nitric Acid Market report also includes profiles of the key industry players to assess their strategies and recent developments. This section of the report also includes a dashboard view of the major companies operating in the Australian Nitric Acid market. The major market players included in the report are Orica Limited, Wesfarmers Chemicals, Energy & Fertilizers and Incitec Pivot Limited.

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Read more:

https://www.globenewswire.com/en/news-release/2016/09/09/870748/33097/en/Australia-Nitric-Acid-Market-is-Expected-to-be-Valued-at-US-725-3-Mn-in-2016-Persistence-Market-Research.html

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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.

This release was published on openPR.