Ppt Nitric Acid Market, 2017

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Nitric Acid Market (2017 - 2024) Forecasts on
Regional Growth, Industry Players and More
Nitric Acid Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, Germany,
France, UK, Italy, Russia, China, Japan, India,
Thailand, Indonesia, Malaysia, Australia, Brazil,
Mexico, Saudi Arabia, UAE, South Africa),
Application Development Potential, Price Trend,
Competitive Market Share Forecast, 2017 2024
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Global Market Scenario of Nitric Acid

• Nitric Acid Market is expected to observe a surge
  in demand due to growing application in
  production of various chemicals including calcium
  ammonium nitrate, ammonium nitrate, toluene di
  isocyanate, adipic solutions and nitrobenzene,
  especially used in fertilizers, pharmaceuticals,
  polyurethanes and other end use industries.
• In addition, rising need in various chemical
  industries including elastomers, polyurethane
  foams and coatings coupled with elastomers, foam
  plastics, floor wood finishes, polyurethane
  foam coated fabrics and different insulation
  materials is anticipated to boost nitric acid
  market growth in the forecasted period.
• Rise in demand of ammonium nitrate fertilizers is
  expected to emerge as a vital growth factor in
  the nitric acid market.
• Escalating need for high crop yield to address
  the rising necessity for food items has provoked
  production synthetic fertilizers over the past
  few years.
• Substantial support of government policies and
  high availability of cultivational land have
  positively impacted extension of agricultural
  sector around the world.

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Market Research Reports Key Analytical
Components  
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• Product Analysis-
• Nitric acid market is majorly driven by
  fertilizer industry. It is widely used in the
  production of two most agriculturally
  commercialized nitrate including calcium ammonium
  nitrate and ammonium nitrate which are majorly
  used as fertilizers in agriculture industry.
  Ammonium nitrate is further used in the
  production of urea ammonium nitrate (UAN) which
  is extensively used as fertilizer mixture and in
  explosives. Calcium ammonium nitrate is used
  producing of various fertilizers solutions.
• Adipic acid is one of the chief applications of
  the product during several production processes.
  It is used for producing nylon 6,6, which has
  numerous end use applications in textiles,
  automotive and tire industry. In automotive,
  nylon 6,6 is applied as a substitute to heavy
  metals to reduce the overall weight of various
  vehicles and further reducing carbon emissions.
• Regional Trends-
• Europe is the leading consumer in global nitric
  acid market owing to increasing demand from
  fertilizers and explosives industry. Some of the
  major product consuming countries in the region
  are Germany, Poland, Slovakia, and the
  Netherlands.
• Asia Pacific is the fastest growing region is
  nitric acid market due to its agricultural bases
  economies and high need of ammonium nitrate
  fertilizers. China dominates the region with
  highest product demand. Followed by India, Taiwan
  and Japan are expected to showcase positive
  outlook for the industry growth.

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• Competitive Trends
• Some of the key nitric acid market players
  include CF Industries, BASF, Energy
  Fertilizers, Orica, DuPont, Agrium, LSB
  Industries, Incitec Pivot and LyondellBasell.
  Some of the other prominent players are Dyno
  Nobel, Apache Nitrogen Products, Rentech,
  AkzoNobel, Rashtriya Chemicals Fertilizers,
  Ixom, Simplot, Sasol, Wesfarmers Chemicals, PVS
  Chemicals, Yara, PotashCorp, Acron, Deepak
  Fertilizer, EuroChem and Koch.

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