Nitric Acid Market Growth, Trends & Analysis 2018-2025

1
Global Nitric Acid Market

• Size 2017 by Type (Weak, Concentrated), by
  End-user (Fertilizer, Explosives, Chemicals and
  Others) by Application (Ammonium Nitrate, Adipic
  Acid, Toluene di-isocynate, Nitro Benzene and
  Others), By Region and Forecast 2018 to 2025

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2
Global Nitric Acid Market Size and Industry
Analysis 2018-2025

• The global nitric acid market is expected to
  reach USD 23.31 billion by 2025, owing to its
  high consumption in fertilizer production. The
  nitric acid market is expected to increase at a
  2.0 CAGR during the forecast period.
• Out of the total demand for nitric acid in
  Asia-Pacific, China held more than 60 of the
  total revenue share in 2017. Abundant
  availability of precursors and high presence of
  downstream industries are driving the product
  demand in the country. Moreover, the Indian
  nitric acid industry is also expected to witness
  a rapid boost attributed to the increasing growth
  of fertilizers and chemical manufacturing
  industries in the country.
• Being a hazardous and polluting manufacturing
  process, governments of several countries have
  posed strict norms which are limiting the overall
  growth of the global nitric acid industry. As a
  consequence, new process technologies have been
  developed over the recent years that focus on
  limiting the nitrous oxide emissions at
  significant levels. However, requirement of high
  capital investment has led to a low adoption of
  these technologies over the recent years which is
  expected to hinder the market growth.
• Krupp Uhde and Weatherly Inc. are some of the key
  process technology providers of nitric acid and
  ammonium nitrate to manufacture with low emission
  of greenhouse gases. EnviNOX, a newly developed
  technology by Krupp Uhde, is one of the best
  available process technologies, which reduces the
  nitrous oxide emissions up to 25ppm.
  Additionally, Kellogg Brown Root (KBR) together
  with Weatherly Inc., offer a multi-pressure
  technology to produce commercial nitric acid.

3
Global Nitric Acid Market Size and Industry
Analysis 2018-2025

• Growing fertilizer demand in Asia Pacific region
  and developed textile industries in Europe are
  key drivers in the global nitric acid market. In
  addition, the explosives industry is another
  significant end-user of nitric acid. Ammonium
  nitrate is a key nitric acid derivative utilized
  in the manufacturing of explosives. Companies
  such as Dyno Nobel Inc. and Deepak Fertilizers
  And Petrochemicals Corporation Limited, have
  forward integrated business operations that
  include nitric acid production as well as supply
  and manufacturing of end-user products such as
  dynamite and ANFO explosives.
• Some of the companies such as Yara International
  ASA, CF Industry Holding Inc., Deepak Fertilizers
  And Petrochemicals Ltd., Orica Limited, Omnia
  Holdings Limited, Agrium Inc., and LSB Industries
  companies have strong production capabilities and
  global presence with multiple business operations
  across the globe. For instance, Yara
  International ASA, has an annual production
  capacity of more than 7.5 million tons. The
  company uses the product for manufacturing
  numerous nitrogen based fertilizers such as
  ammonium nitrate, calcium ammonium nitrate,
  potassium nitrate and others.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/nitric-acid-market

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Key segments of the global nitric acid market

• Concentration overview
• Weak nitric acid
• Concentrated nitric acid
• Application overview
• Ammonium nitrate
• Adipic acid
• Toluene di-Isocynate (TDI)
• Nitrobenzene
• Others
• End-user overview
• Explosives
• Fertilizers
• Chemicals
• Others

5
Key segments of the global nitric acid market

• Regional overview
• North America
• US
• Europe
• Russia
• France
• Germany
• Asia Pacific
• India
• China
• Central and South America
• Brazil
• Middle East Africa
• South Africa
• Purchase a single user copy of the global nitric
  acid market report_at_ https//www.adroitmarketresear
  ch.com/researchreport/purchase/57

6
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