Nitric Acid Global Market By Concentration, By Application, By Distribution Channel, By End User, Regional Outlook And Forecast 2023-2032 | BASF SE, Nutrien Ltd., LSB INDUSTRIES, Deepak Fertilizers, Dyno Nobel

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Nitric Acid Market Size, Growth Rate, And Forecast
The global nitric acid market size is expected to grow from $21.09 billion in 2022 to $21.84 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nitric acid market size is expected to grow to $24.35 billion in 2027 at a compound annual growth rate (CAGR) of 2.8%.

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Nitric Acid Market Drivers
The increasing use of nitric acid In fertilizer, explosives, polyurethanes, polyamides, and other industries, this is driving the growth of the nitric acid market.

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Nitric acid Market Segments
• By Type: Concentrated Nitric Acid, Dilute Nitric Acid
• By Application: Fertilizers, Nitrobenzene, Adipic Acid, Toluene Diisocyanate (TDI), Nitrochlorobenzene, Other Applications
• By End-Use Industry: Explosives, Agrochemicals, Electronics, Automotive, Other End-Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the nitric acid market.

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Nitric Acid Market Key Players
Major competitors in the nitric acid market include BASF SE, Nutrien Ltd., CF Industry Holdings, Inc., Yara International ASA, LSB INDUSTRIES, DuPont de Nemours, Inc., Omnia Holding Limited, Apache Nitrogen Products, Inc., Deepak Fertilizers, Dyno Nobel, and Orica Limited.

The Business Research Company's "Global Nitric Acid Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high-level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table of Content for The Nitric Acid Market Include:
1. Executive Summary
2. Nitric Acid Market Characteristics
3. Nitric Acid Market Trends And Strategies
4. Nitric Acid Market - Macro Economic Scenario
5. Nitric Acid Market Size And Growth
.....
26. Africa Nitric Acid Market
27. Nitric Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nitric Acid Market
29. Nitric Acid Market Future Outlook and Potential Analysis
30. Appendix

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