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Total Views: 58Word Count: 159See All articles From Author Global Nitric Acid Market : Future Demand, Market Analysis & Outlook to 2024
by Infinium · January 28, 2019
Our latest research report entitled Nitric Acid Market (by applications (fertilizers, nitrobenzene, adipic acid, toulene di-isocynate Black Josh Malone Jersey , nitrochlorobenzene and others) and end use industries (agrochemicals, automotive, explosives and electronics)) provides complete and deep insights into the market dynamics and growth of Nitric Acid. Latest information on market risks, industry chain structure Nitric Acid cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Nitric Acid growth factors.
The forecast Nitric Acid Market information is based on the present market situation, growth opportunities, development factors Black Carl Lawson Jersey , and opinion of the industry experts. An in-depth analysis of the company profiles, Nitric Acid on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. 聽According to report the global nitric acid market is projected to grow at a CAGR of 1.6% over the forecast period of 2018-2024.
Ask for Sample Copy of Research Report with Table of Content @ Nitric acid is an inorganic, highly corrosive mineral material which is also known as spirit of niter. It is a colorless compound and commercially available in the concentration form (water at a concentration of up to 68%). The nitric acid is mainly manufactured by oxidation of ammonia through the Ostwald process. Nitric acid is one of the world鈥檚 largest commodity chemicals used in the manufacturing of compounds, used for the production of fertilizers Black Jordan Willis Jersey , primarily ammonium and calcium ammonium nitrate. Nitric acid is used in the formation of Explosive such as nitroglycerin and TNT also it is used in the chemical industries for the formation of dyes, metallurgy, photoengraving, etching steel and others.
Nitric acid is majorly used in making of fertilizers, with continuously growing demand for food the demand for fertilizers. An extensive use of nitric acid in the chemical and fertilizer industries is driving the growth of nitric acid worldwide. In addition, extensive uses of nitric acid in the various end use industries such as metal processing industries, metallurgical Industries Black Joe Mixon Jersey , chemical and others are likely to boost the growth of nitric acid. However, the various governments have some rules and the regulations on the use of ammonium nitrate fertilizers due its hazardous effect on the environment that is expected to act as a restrain for the growth of nitric acid. Moreover, the rising chemical and fertilizer industries could create huge demand of nitric acid which in turn could create several opportunities for the nitric acid market in upcoming years.
Among the applications fertilizer segment accounts for the largest market share. Around 75% to 80 % of nitric acid is used in the manufacturing of the fertilizers. The growing population is the major factor contributing in the growth of fertilizers segment worldwide.
Geographically, Asia pacific dominates the market of nitric acid in 2017 and expected to dominate the market throughout the forecast period.聽 In the Asia Pacific region, the china is the largest consumer of nitric acid which consumes around 40 to 50% of total produced nitric acid. The presence of large agricultural countries such as India, China, and Brazil are likely to boost the growth of nitric acid in the Asia pacific region.
Segment Covered
The report on global nitric acid market covers segments such as Black John Ross Jersey , applications and end use industries. On the basis of applications the global nitric acid market is categorized into automotive, explosives and electronics.
Major Key Players Mentioned in this Premium Report
聽The report provides profiles of the companies in the global nitric acid market such as Black Jessie Bates III Jersey , BASF SE, The Chemours Company, Eurochem Group, Dyno Nobel, Potash Corp, Sumitomo Chemical Co., Ltd. Black Billy Price Jersey , and Yara, CF Industries, OCI Nitrogen.
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