Nitric Acid Market 2019 Announce Eminent CAGR Growth at (9.2%) until 2029 - PowerPoint PPT Presentation

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Nitric Acid Market 2019 Announce Eminent CAGR Growth at (9.2%) until 2029


Nitric acid is predominantly used in the production of adipic acid. Nylon 6,6 is a synthetic polyamide formulated from adipic acid. Nylon 6,6 has gained paramount importance in variegated end-use industries such as tire, textiles and automotive. It is increasingly being favoured by manufacturers as a metal-alternative for designing lighter yet sturdy exterior and interior automotive parts. – PowerPoint PPT presentation

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Title: Nitric Acid Market 2019 Announce Eminent CAGR Growth at (9.2%) until 2029

Nitric Acid Market
  • April 2020

Report Id REP-GB-11098 Published On Feb
27,2020 Category Chemicals and Materials
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Nitric Acid Market Analysis
  • Nitric Acid Market to Witness Steady Growth at 3
    CAGR During 2019 - 2029 Top Companies The Dow
    Chemical Company, Bayer AG
  • Global nitric acid market value exceeded US 17
    Bn in 2019. Augmented demand in the agrochemical
    industry is a key contributor to this growth.
    Adoption of ammonium nitrate based fertilizers
    has gained substantial momentum across developing
    countries, which would be a prime booster to the
    growth of nitric acid market, says a new Future
    Market Insights (FMI) report.
  • Major players in global nitric acid market seek
    expansion of their operational footprint in
    developing regions to fortify their competitive
    advantage, forecasts the FMI report.
  • Key Takeaways of Nitric Acid Market Study
  • Combinations of nitric acid with adipic acid for
    automotive composites continue to capture a
    leading market share.
  • Nitric acid consumption for agrochemical
    applications will be substantial in developing
  • Increasing production of toluene diisocyanate for
    polyurethane foams will propel demand for nitric
    acid through 2029.
  • Europe will generate highly lucrative
    opportunities in global nitric acid market.
  • The profit pool is largely concentrated in the
    fertilizer industry.

Nitric Acid Market Analysis
  • Nitric Acid Market Top Growth Drivers
  • Concentration of major manufacturers in developed
    countries such as Germany continues to drive
  • Rising applications of etching and photoengraving
    in steel products offer an impetus to market
  • Nitric acid is rapidly gaining traction in the
    production of perfumes, acids, and dyes, thereby
    assisting market growth.
  • Metallurgical and pharmaceutical applications are
    generating an upward growth trend.
  • Nitric Acid Market Key Restraints
  • Concerns over environmental and health risks
    associated with the use of ammonium nitrate
    continue to hamper the demand for nitric acid.

Nitric Acid Market Analysis
Competitive Landscape Some of the key market
players profiled in the report include, but are
not limited to, The Chemours Company, Agrium
Inc., Dyno Nobel, LSB Industries, National
Chemical Group, CF Industries, Koch Fertilizers,
Eurochem Group, OCI Nitrogen, and Potash Corp.
Redesigning distribution and manufacturing
networks is a key developmental strategy being
adopted by leading market players. Reduced
operational costs and enhanced flexibility will
remain the priorities of prominent market
players. Request for covid19 Impact Analysis
B-11098 Press Release Source https//www.globene

Nitric Acid Market Analysis
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Nitric Acid Market Analysis
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