Concentrated Nitric Acid Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Concentrated nitric acid is the colorless liquid which is a mixture of 68% oxides of nitrogen and remaining is the water. It is also termed as Fuming nitric acid. The concentrated nitric acid has a unique physical property of fuming, colorless and highly corrosive with a freezing point of -42 degree celsius and boiling point of 83 degree celsius. Concentrated nitric acid are used as an oxidizing agents. Industries such as automotive, electronics, explosives, etc. uses concentrated nitric for several purposes.

MARKET DYNAMICS

The global concentrated nitric acid market is growing at a significant pace owing to driving factors such as increasing demand from automobile industry for its unique property of high resistance to temperature. Furthermore, growth in demand of aniline in various end use industries like pharmaceutical is likely to drive the demand for concentrated nitric acid in the coming years. However, growth in environmental regulation by the government is projected to hinder the growth of concentrated nitric acid market. Likewise, development and commercialization of bio-based adipic acid may provide a lucrative opportunity for the market players in the near future.

MARKET SCOPE

The "Global Concentrated Nitric Acid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the concentrated nitric acid market with detailed market segmentation by type, application, end-use industry and geography. The global concentrated nitric acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading concentrated nitric acid market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global concentrated nitric acid market is segmented on the basis of type, application and end-user industry. On the basis of type, the concentrated nitric acid market is segmented into, Strong nitric acid and fuming nitric acid .On the basis of application, the market is bifurcated into, ammonium nitrate, adipic acid, nitrobenzene, toluene diisocyanate, others. Based on end-use industry, the global concentrated nitric acid market is segmented into, agrochemicals, explosives, automotive, electronics, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global concentrated nitric acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The concentrated nitric acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the concentrated nitric acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the concentrated nitric acid market in these regions.

MARKET PLAYERS

The reports cover key developments in the concentrated nitric acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from concentrated nitric acid market are anticipated to lucrative growth opportunities in the future with the rising demand for concentrated nitric acid in the global market. Below mentioned is the list of few companies engaged in the concentrated nitric acid market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the concentrated nitric acid market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.

• Agrium Inc.
• BASF Corporation
• Dupont De Nemours Inc.
• Hanwha Group
• Lsb Industries Inc.
• Oci Fertilizers And Chemicals
• Potash Corporation
• The Linde Group
• Ube Industries Ltd.
• Yara International Asa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Concentrated Nitric Acid Report Scope