North America and Europe Concentrated Nitric Acid market to hit global growth over 2017-2024 - PowerPoint PPT Presentation

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North America and Europe Concentrated Nitric Acid market to hit global growth over 2017-2024

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North America is anticipated to foresee substantial growth due to expanding automobile production in the region. Changing consumer preferences, growing focus on safety and environmental benefits has played vital role in uplifting car sector. – PowerPoint PPT presentation

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Title: North America and Europe Concentrated Nitric Acid market to hit global growth over 2017-2024


1
Concentrated Nitric Acid Market Price Trends
Industry Outlook Forecast 2017-2024
2
Global Market Scenario of Concentrated Nitric
Acid Industry
  • Concentrated Nitric Acid Market size will witness
    dynamic growth owing to robust growth in
    fertilizers industry. Rapid urbanization,
    population growth and decrease in arable land are
    the key reasons behind growing demand for
    fertilizers. Adverse climatic conditions and
    shortage of food crops are shifting focus towards
    fertilizers market.
  • Growing automotive industry will drive
    concentrated nitric acid market as it is utilized
    in manufacturing of light weight strong body
    parts of vehicles. Rising demand for synthetic
    rubbers, elastomers and polyurethane foams in the
    automotive industry is anticipated to drive the
    product demand.
  • Strong application in chemicals industry owing to
    its usage in manufacturing of various polymers
    including, polyurethane and polyamides is
    anticipated to drive concentrated nitric acid
    market.

3
Continue
  • Moreover, growth in aerospace industry will
    propel product demand as it is widely used in
    rockets as propellants. There are distinct types
    of propellants that are used in the rockets. For
    instance, liquid oxidizer is combined with fuels
    in the liquid-fueled rockets. Since the product
    is a strong oxidizing agent thus, it has been
    used as an oxidizer in the liquid-fueled rockets.
  • Reasons to Buy This Report
  • 1. Concentrated Nitric Acid Market size
    share forecast by product application,
    2017-2024
  • 2. Growth drivers, pitfalls industry
    challenges
  • 3. Key Concentrated Nitric Acid Market
    growth opportunities emerging business models
  • 4. Competitive benchmarking with market
    share analysis and company profiles
  • Concentrated nitric acid is corrosive in nature,
    with colorless in the pure form and pale-yellow
    owing to the decomposition of oxides. The product
    with over 85 concentration is known as fuming
    nitric acid, while commercial form has
    concentration of around 71. This is classified
    as red and white based on the nitrogen dioxide
    concentration and color solution. It is widely
    used in in reagents that are required for the
    nitration reactions.
  • The product is available in two types including
    fuming and strong. Strong product segment will
    witness robust growth as it includes several
    concentrations that range from 51 to 83,
    covering almost all applications of the product.

4
For Customization as per your requirement please
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Research Methodology
5
Regional Insights
  • North America is anticipated to foresee
    substantial growth due to expanding automobile
    production in the region. Changing consumer
    preferences, growing focus on safety and
    environmental benefits has played vital role in
    uplifting car sector. Necessity for personal
    mobilization and growing urbanization are some
    factors positively affecting the industry demand.
  • Asia Pacific concentrated nitric acid industry
    will witness significant growth due to increasing
    demand for vehicles, attributable to rise in
    disposable income, rapid urbanization and growing
    interest for lightweight air vehicles for
    accomplishing the stringent government
    regulations.
  • Europe concentrated nitric acid market is one of
    the leading consumers of product due to growth in
    fertilizer and explosives industry. Western and
    eastern Europe accounted for largest demand while
    central Europe is projected to provide better
    opportunity.

Request table of contents of this research
report_at_ https//www.gminsights.com/request-toc/upc
oming/2090
6
Competitive Insights
  • Global concentrated nitric acid marketplace is
    moderately consolidated with the presence of few
    companies holding a large market share. Some of
    the major companies for concentrated nitric acid
    market are
  • CF Industries, Agrium, National Chemical Group,
    Deepak Fertilizers Petrochemicals, Yara
    International, Hanwha Corporation, Koch
    Fertilizers, LSB Industries, Shandong Feng yuan
    Chemical Stock, and Ube Industries.

Inquire for Buying this report_at_ https//www.gminsi
ghts.com/inquiry-before-buying/2090

7

Latest Research Report On Concentrated Nitric
Acid Market_at_ https//www.gminsights.com/industry-
analysis/concentrated-nitric-acid-market
Request Table of Contents of this report_at_
https//www.gminsights.com/request-toc/upcoming/2
090 For Customization in
this report click_at_ https//www.gminsights.com/roc/
2090
8
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