Nitric acid is used as an intermediate in the manufacture of polyurethane (PU) foams. There is an increasing demand for PU foams in transportation, furniture and bedding, and construction industries. The expanding market for nitric acid is attributed to its extensive use in fertilizers and production of adipic acid, TDI, nitrobenzene, and nitrochlorobenzene.
Technavio’s analysts forecast the global nitric acid market to grow at a CAGR of 2.89% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global nitric acid market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of nitric acid.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Nitric Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Agrium - BASF - Dyno Nobel - LSB Industries - The Dow Chemical Company
Market driver - Increasing use of polyurethane foam - For a full, detailed list, view our report
Market challenge - NOx emission during adipic acid production - For a full, detailed list, view our report
Market trend - Growth in bedding and furniture industry driven by expanding population - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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The report on global nitric acid market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global nitric acid market to grow with a CAGR of 1.6% over the forecast period of 2018-2024. The study on nitric acid market covers the analysis of the leading geographies such...
Nitric Acid Market Size, Share & Trends Analysis Report By Application (Fertilizers, Adipic Acid, Nitrobenzene, Toulene di-isocynate, Nitrochlorobenzene), By Region, Vendor Landscape, And Segment Forecasts, 2012 - 2022 The global nitric acid market size is expected to reach USD 14.0 billion by 2022, according to a new report by Grand...
117 pages •
By Infiniti Research Limited
• Jan 2018
About Concentrated Nitric Acid Nitric acid (HNO3) is a colorless liquid acid commonly used in the manufacturing of fertilizers utilized in the agriculture sector. Concentrated nitric acid is a form of nitric acid. In this report, nitric acid with a concentration level of 70% or more has been considered. Concentrated...
170 pages •
By Transparency Market Research
• Oct 2017
Global Nitric Acid Market: Overview The global nitric acid market report provides in-depth insights into the size and share of various segments, remarkable trends and opportunities in various regions, and the competitive landscape, including key strategies adopted by various players to consolidate their shares. The...
“The concentrated nitric acid market is projected to grow at a CAGR of 3.1%, in terms of value from 2017 to 2022.” The concentrated nitric acid market is expected to reach USD 25.24 billion by 2022, at a CAGR of 3.1% from 2017 to 2022. Concentrated nitric acid and its applications are majorly used in agrochemicals and explosives...