Nitric Acid Market to Witness Stunning Growth with DuPont, CF Industries Holdings, LSB Industries, Koch Fertilizer

IMR posted new studies guide on Nitric Acid Market Insights with self-defined Tables and charts in presentable format. In the Study you may locate new evolving Trends, Drivers, Restraints, Opportunities generated via targeting market related stakeholders. The boom of the Nitric Acid marketplace became specifically driven with the aid of the growing R&D spending internationally.

Some of the Top Leading Key Players: DuPont, CF Industries Holdings Inc. (US), The Chemours Company (US), LSB Industries, Inc. (US), Koch Fertilizer, LLC (US), PotashCorp (Canada), Nutrien (Canada), Yara International ASA (Norway), EuroChem Group AG (Switzerland), OCI Nitrogen (Netherlands), CF Fertilisers UK Ltd. (United Kingdom), Group DF (Ukraine), Uralchem Jsc (Russia), BASF (Germany), Sumitomo Chemical Co., Ltd. (Japan), Hanwha Corporation (South Korea), Fertiberia S.A. (Spain), National Chemical Group (China), and Other Major Players

Nitric Acid Market Size Was Valued at USD 30.55 Billion in 2023, and is Projected to Reach USD 38.22 Billion by 2032, Growing at a CAGR of 2.52% From 2024-2032.

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The Nitric Acid Market refers to the global production, distribution, and utilization of nitric acid (HNO₃), a highly corrosive mineral acid used in fertilizers, explosives, chemicals, and metallurgical processes. Nitric acid is a key component in manufacturing ammonium nitrate, which is widely used in agriculture as a fertilizer. It is also employed in the production of adipic acid (for nylon manufacturing), nitrobenzene (for aniline production), and various explosives. The market is driven by the demand for fertilizers in the agriculture sector, industrial chemicals, and explosives for mining. However, environmental regulations concerning nitric acid emissions and handling remain a challenge for market growth.

Segmentation Analysis of the Nitric Acid Market
By Type:
• Concentrated Nitric Acid
• Dilute Nitric Acid
By Application:
• Fertilizers
• Nitrobenzene
• Adipic Acid
• Toluene Di-isocyanate
• Nitrochlorobenzene
• Other
By End-Use Industry:
• Agriculture and Agrochemicals
• Chemicals and Petrochemicals
• Mining and Explosives
• Other

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Key Industry Developments in the Nitric Acid Market:
In January 2023, Grupa Azoty SA (Tarnów, Poland) launched a new facility for the production of concentrated nitric acid with a design output of 40,000 metric tons per year (m.t./yr), doubling its existing capacity. This is a second production line for above 98 percent concentrated nitric acid now operating in Tarnów. It has brought the Tarnów plant's total annual capacity for that product to 80,000 tons.
In January 2023, Dorogobuzh launched a new 135-ktpa UKL nitric acid unit at its production facility in the Smolensk region. Acron Engineering Research and Design Centre is the general designer of this project, which cost USD17 million.

Regional Analysis
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.

Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Strategic Points Covered in Table of Content of Nitric Acid Market:

Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Nitric Acid Market Landscape
Chapter Four: Nitric Acid Market by Type
Chapter Five: Nitric Acid Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Nitric Acid Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology

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