Global Nitric Acid Market Growth 2023-2029

Global Nitric Acid Market Growth 2023-2029

Nitric acid is poisonous liquid that gives off choking red or yellow fumes in moist air. It is a strong oxidizing agent. It ionizes readily in solution, forming a good conductor of electricity. It is miscible with water in all proportions. Nitric acid is a clear to slightly yellow aqueous solution that has been treated to remove most free nitrogen oxides. This highly corrosive intermediate chemical is a strong mineral acid used in the production of nitrate based fertilizers, nylon precursors and other specialty chemicals. In this report we converting the different concentration of nitric acid into 100, namely in this report we counting the nitric acid(100%)’s capacity, production price and other items.

LPI (LP Information)' newest research report, the “Nitric Acid Industry Forecast” looks at past sales and reviews total world Nitric Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Nitric Acid sales for 2023 through 2029. With Nitric Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Nitric Acid industry.

This Insight Report provides a comprehensive analysis of the global Nitric Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Nitric Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Nitric Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Nitric Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Nitric Acid.

The global Nitric Acid market size is projected to grow from US$ 12700 million in 2022 to US$ 15960 million in 2029; it is expected to grow at a CAGR of 15960 from 2023 to 2029.

Europe is the largest Nitric Acid market with about 36% market share. North America is follower, accounting for about 34% market share.

The key players are CF Industries Holdings, Yara, EuroChem, URALCHEM, Orica, Nutrien, Acron, SBU Azot, OCI, LSB Industries, Dyno Nobel, CVR Partners, Nutrien, Koch, Shanxi Tianji, Shanxi Xinghua, Yunnan Jiehua, Sinopec (Nanjing), Sichuan Gold Elephant, Anhui JinHe Industrial, Holitech, Henan Jinkai, Shandong Dier-chem, Liuzhou Chemical, Jiangsu Huachang Chemical, Hongda Chemical, Luguang Chemical, Hualong Ammonium Nitrate, Sichuan Chemical, Fujian Shaohua etc. Top 3 companies occupied about 50% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Nitric Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Dilute Nitric Acid

Concentrated Nitric Acid

Segmentation by application

Fertilizer

Explosives

Polyurethanes

Polyamides

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

CF Industries Holdings

Yara

EuroChem

URALCHEM

Orica

Nutrien

Acron

SBU Azot

OCI

LSB Industries

Dyno Nobel

CVR Partners

Nutrien

Koch

Shanxi Tianji

Shanxi Xinghua

Yunnan Jiehua

Sinopec (Nanjing)

Sichuan Gold Elephant

Anhui JinHe Industrial

Holitech

Henan Jinkai

Shandong Dier-chem

Liuzhou Chemical

Jiangsu Huachang Chemical

Hongda Chemical

Luguang Chemical

Hualong Ammonium Nitrate

Sichuan Chemical

Fujian Shaohua

Key Questions Addressed in this Report

What is the 10-year outlook for the global Nitric Acid market?

What factors are driving Nitric Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Nitric Acid market opportunities vary by end market size?

How does Nitric Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.