Global Nitric Acid Market - Industry Outlook, Size, Growth Prospects, Key Opportunities, Trends and Forecasts Report 2018-2023
Global Nitric Acid Market is further estimated to grow at a CAGR of 3.8% from 2018 to reach USD 21.2 Billion by the year 2023.
(EMAILWIRE.COM, June 25, 2018 ) GLOBAL NITRIC ACID MARKET was valued at USD 16.4 Billion in the year 2017. Global Nitric Acid Market is further estimated to grow at a CAGR of 3.8% from 2018 to reach USD 21.2 Billion by the year 2023. Europe region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level, developed markets like UK as well the emerging markets like China with highest population base holds a notable market share in 2017 and it is projected to grow at a gradual pace in the coming years.
Eurochem Group (Switzerland), BASF SE (Germany), The Chemours Company (US), Nutrien Ltd. (Canada) are some of the key players in the Nitric Acid Market with BASF SE holding the significant market share because of its better global presence both at production and at an operational level. Rising research and development expenses to address the changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
Get Discount at https://www.prominentmarketresearch.com/discount-report/34276
Drivers:
Developments in science and technology
High level of industrial development
Restraints:
The high toxic levels of nitrate salts
Opportunities:
Increasing demand in the APAC region
Challenges:
Environmental issues due to emissions during the production of nitric acid
Segmentation done on the basis of Final-Use includes TDI (Toluene diisocyanate), Fertilizers, Nitrobenzene and Adipic Acid of which the Fertilizers segment is expected to hold the highest market share during the forecast period.
The Fertilizers segment is also expected to grow at the highest CAGR during year 2018-2023. This growth is attributed due to the noteworthy use of Nitric Acid to manufacture Ammonium Nitrate.
Request for Sample Report at https://www.prominentmarketresearch.com/sample-report/34276
Key Benefits for Stakeholders
Nitric Acid Manufacturers, Distributors and Retailers
Research and Consulting organization
Companies Manufacturing Ammonium Nitrate, Adipic Acid, Nitrobenzene, Toluene Diisocyanate
Regulatory bodies, policy actors and consumers.
By Final Use
TDI (Toluene di isocyanate)
Fertilizers
Nitrobenzene
Adipic Acid
Others
By Application
Metallurgical Industries
Chemicals & Allied Industries
By Industry Type
Agrochemicals
Explosives
Automotive
Electronics
Others
By Region
North America
Europe
Asia-Pacific
ROW
Key Market Players
Eurochem Group
BASF SE
The Chemours Company
Nutrien Ltd.
Dyno Nobel
Yara International
Sumitomo Chemical Co., Ltd.
CF Industries Holdings, Inc.
DuPont
Hanwha Corporation
Purchase Report Now at https://www.prominentmarketresearch.com/checkout/34276
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
Eurochem Group (Switzerland), BASF SE (Germany), The Chemours Company (US), Nutrien Ltd. (Canada) are some of the key players in the Nitric Acid Market with BASF SE holding the significant market share because of its better global presence both at production and at an operational level. Rising research and development expenses to address the changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
Get Discount at https://www.prominentmarketresearch.com/discount-report/34276
Drivers:
Developments in science and technology
High level of industrial development
Restraints:
The high toxic levels of nitrate salts
Opportunities:
Increasing demand in the APAC region
Challenges:
Environmental issues due to emissions during the production of nitric acid
Segmentation done on the basis of Final-Use includes TDI (Toluene diisocyanate), Fertilizers, Nitrobenzene and Adipic Acid of which the Fertilizers segment is expected to hold the highest market share during the forecast period.
The Fertilizers segment is also expected to grow at the highest CAGR during year 2018-2023. This growth is attributed due to the noteworthy use of Nitric Acid to manufacture Ammonium Nitrate.
Request for Sample Report at https://www.prominentmarketresearch.com/sample-report/34276
Key Benefits for Stakeholders
Nitric Acid Manufacturers, Distributors and Retailers
Research and Consulting organization
Companies Manufacturing Ammonium Nitrate, Adipic Acid, Nitrobenzene, Toluene Diisocyanate
Regulatory bodies, policy actors and consumers.
By Final Use
TDI (Toluene di isocyanate)
Fertilizers
Nitrobenzene
Adipic Acid
Others
By Application
Metallurgical Industries
Chemicals & Allied Industries
By Industry Type
Agrochemicals
Explosives
Automotive
Electronics
Others
By Region
North America
Europe
Asia-Pacific
ROW
Key Market Players
Eurochem Group
BASF SE
The Chemours Company
Nutrien Ltd.
Dyno Nobel
Yara International
Sumitomo Chemical Co., Ltd.
CF Industries Holdings, Inc.
DuPont
Hanwha Corporation
Purchase Report Now at https://www.prominentmarketresearch.com/checkout/34276
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
Contact Information:
Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results