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Nitric Acid Market

Nitric Acid Market Market Research Report – Segmented By End-user Industry (Fertilizers, Aerospace, Inks, Pigments, and Dyes, Chemical Manufacturing, Explosives, Other End-user Industries) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2027.

Table of contents

Executive Summary

Nitric Acid Market from Consainsights analyses the Nitric Acid Market Market in the Chemicals & Materials industry over the forecast period to 2027.

Figure 1: Nitric Acid Market Size, 2019-2027

Nitric Acid Market research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Nitric Acid Market segmentation includes End-user Industry and Geography.

All segmentations encompasses the key innovations and micro & macro trends, companies/manufacturers operating in this space along with their usage and penetration with respect to the wide range of End Users. Additionally, market sizing information along with the key factors such as market drivers, restraints, opportunities and challenges which are likely to be influencing the market growth are outlined in this report.

Based on the End-user Industry, the Nitric Acid Market analysis covers Fertilizers, Aerospace, Inks, Pigments, and Dyes, Chemical Manufacturing, Explosives, Other End-user Industries.

Figure 2: Nitric Acid Market Share (%), End-user Industry 2021

Key companies operating in the market include BASF SE, CF Fertilisers UK, Colombus Chemicals, Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL), DuPont de Nemours Inc., Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), INEOS, LSB INDUSTRIES, MAXAMCORP HOLDING SL, Mitsubishi Chemical Corporation, Nutrien Ltd, Sasol Ltd, Sinopec Nanjing Chemical Industries Co. Ltd (China Petrochemical Corporation), Sumitomo Chemical Co. Ltd, Vijay Gas Industry Pvt. Ltd, Yara and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Moreover, the competitive analysis includes the companies deals such as Mergers, Acquisitions, Partnerships and so on along with the expansion areas focusing on the additional geographies, future insights for success and market share analysis. Major players strategies include the launch of the innovative product lines along with the emphasis on the partnerships and acquisitions to standardize their market share in the market space.

Market Research methodology includes the triangulation of the data from the data sources such as Primary Market Research approach and Secondary Market Research Approach along with the data from the trade bodies and industry standard publications and data sources. Primary inputs from the industry experts and the market respondents from the respective industries to obtain very critical information to assess the future growth prospects of the market. The final data is triangulated and thoroughly validated considering all the data sources using the bottom-up and the top-down approaches to estimate the market sizing of the individual segments.

Market Overview

Definition & Scope

  • The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.
  • The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.
  • The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.
  • Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.
  • Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.
  • As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

By End-user Industry

Introduction

By By End-user Industry, The Nitric Acid Market analysis covers Fertilizers, Aerospace, Inks, Pigments, and Dyes, Chemical Manufacturing, Explosives, Other End-user Industries.

Table: 1: Nitric Acid Market Size, By By End-user Industry

Fertilizers

The Fertilizers segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Aerospace

The Aerospace segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Inks, Pigments, and Dyes

The Inks, Pigments, and Dyes segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Chemical Manufacturing

The Chemical Manufacturing segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Explosives

The Explosives segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Other End-user Industries

The Other End-user Industries segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Company Analysis

Introduction

Key companies operating in the market include BASF SE, CF Fertilisers UK, Colombus Chemicals, Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL), DuPont de Nemours Inc., Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), INEOS, LSB INDUSTRIES, MAXAMCORP HOLDING SL, Mitsubishi Chemical Corporation, Nutrien Ltd, Sasol Ltd, Sinopec Nanjing Chemical Industries Co. Ltd (China Petrochemical Corporation), Sumitomo Chemical Co. Ltd, Vijay Gas Industry Pvt. Ltd, Yara and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.