According to the research study by Hexa
research, Global Nitric Acid industry is estimated to see significant growth in
the forecast period. Due to large scale use of chemicals and fertilizers this
industry is expected to boom rapidly in the global market. With the growing
demand of Ammonium nitrate fertilizers for agricultural use, it has become the
key factor for industrial growth. Growth of chemical making industries,
especially in emerging regions like China and India, it is further expected to
increase more demand of nitric acid market in next five years. Asia Pacific was
the largest market for nitric acid in 2012-2013 with strong and impactful
presence of fertilizers industries in that region. North America and
Europe are estimated to witness loss of market share by over 2.1% in the
forecast period. Asia Pacific is likely to experience high growth with CAGR of
2.8% from 2015 to 2022. Ammonium nitrate contributes being the largest
application segment over the years and also in upcoming years owing the
increasing demand in agricultural field and lack of rule and regulations of the
use of nitrate fertilizer in India and China. Central and Eastern Europe has
dominated the Nitric acid industry globally with market demand over 20 million
tons in 2014.
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Hexa
Research also stated that, Adipic acid, key application of Nitric acid is
contributing for 2,280 Kilo tons in global market. Nitric acid consumed for
ammonium nitrate production is used as a intermediate for manufacturing of
fertilizers or 80% of it is used a fertilizer. Nitric acid industry is stated
by its major Players including Dow Chemical Company and BASF SE. Koch Nitrogen
Company and Agrium are involved in manufacturing ammonium nitrate and ammonia
which is nitrogen based fertilizers. Automobile, construction, furniture and
chemical industries being the key factor involving nitric acid Market growth.
Table
Of Content
Chapter 1
Executive Summary
Chapter 2 Nitric
Acid Market Analysis
2.1 Market Segmentation
2.2 Value Chain Analysis
2.3 Market Drivers & Restraints
2.4 Nitric Acid – Porter’s Analysis
2.5 Nitric Acid – SWOT Analysis
2.6 Nitric Acid - Company Market Share Analysis
2.1 Market Segmentation
2.2 Value Chain Analysis
2.3 Market Drivers & Restraints
2.4 Nitric Acid – Porter’s Analysis
2.5 Nitric Acid – SWOT Analysis
2.6 Nitric Acid - Company Market Share Analysis
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Chapter 3 Nitric
Acid Market Size, By Application
3.1 Aluminum Nitrate
3.2 Chemical
3.3. Explosives
3.4 Others
3.1 Aluminum Nitrate
3.2 Chemical
3.3. Explosives
3.4 Others
Chapter 4 Nitric
Acid Market Size, By Region
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Chapter 5 Key
Company Profiles
5.1 Agrium
5.2 Apache Nitrogen Products
5.3 BayerMaterialScience
5.4 Cherokee Nitrogen
5.5 Coffeyville Resources
5.6 DuPont
5.7 Hercules
5.8 LyondellBasell
5.9 PCS Nitrogen
5.10 Terra Industries
5.1 Agrium
5.2 Apache Nitrogen Products
5.3 BayerMaterialScience
5.4 Cherokee Nitrogen
5.5 Coffeyville Resources
5.6 DuPont
5.7 Hercules
5.8 LyondellBasell
5.9 PCS Nitrogen
5.10 Terra Industries
Chapter 6
Research Methodology and Scope
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