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Global Nitric Acid Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Nitric acid (HNO3), commonly known as aqua fortis, is a colourless chemical that turns yellow over time as a result of nitrogen and water breakdown into oxides. The compound is highly corrosive in nature and is widely used in the manufacturing of ammonium nitrate and other compounds used in the formulation of fertilisers. These compounds are then employed in a variety of sectors, including plastics, automotive, and construction.
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Europe is projected to have the highest CAGR over the forecast period, owing to consumers increasing demand for fuel-efficient and environmentally friendly lightweight automobiles. Growing environmental awareness is driving an increase in fuel-efficient features and lightweight materials used in automotive manufacturing, such as polymer composites, providing new market prospects. Germany is a key automotive manufacturing country, owing to great economic growth and technological advancement in delivering fuel-efficient solutions for lightweight automobiles thus propelling the market in this region.
Some of the key players profiled in the Nitric Acid Market include Dupont, Nutrien Ltd, Apache Nitrogen Products Inc, Rashtriya Chemicals & Fertilizers Ltd, Angus Chemical Company, Thyssenkrupp AG, Ixom, Yara International ASA, Dyno Nobel, CF Industry Holdings, Inc, Omnia Holding Limited, BASF SE, Sasol, Enaex S.A., Hanwha Corporation, Mitsubishi Chemical Corporation, Sumitomo Chemical Co. Ltd, INEOS, LSB Industries and Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC).
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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