Nitric Acid Market
Nitric Acid Market - Global Industry Assessment & Forecast
Segments Covered
- By Application Fertilizers, Nitrobenzene, Adipic acid, Toluene diisocyanate (TDI), Nitrochlorobenzene, Other Applications
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 28.56 Billion |
Revenue 2030: | USD 33.46 Billion |
Revenue CAGR (2023 - 2030): | 2.00% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Europe |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
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Executive Dashboard
- Strategic Imperatives
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Premium Insights
- Top 3 Trends to Watch
- Demand and Supply Trends
- Top 3 Strategies Followed by Major Players
- Top 3 Predictions by Vantage Market Research
- Top Investment Pockets
- Insights from Primary Respondents
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Global Nitric Acid Market - Segment Analysis
- Overview
- Global Nitric Acid Market, 2016 - 2028 (USD Million)
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Global Nitric Acid Market - by Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
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Global Nitric Acid Market - by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market comparative analysis
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North America Nitric Acid Market - Segment Analysis
- Overview
- North America Nitric Acid Market, 2016 - 2028 (USD Million)
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North America Nitric Acid Market, by Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
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North America Nitric Acid Market, by Country
- U.S.
- U.S. Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- U.S. Nitric Acid Market, By Application
- Canada
- Canada Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Canada Nitric Acid Market, By Application
- Mexico
- Mexico Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Mexico Nitric Acid Market, By Application
- U.S.
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Europe Nitric Acid Market - Segment Analysis
- Overview
- Europe Nitric Acid Market, 2016 - 2028 (USD Million)
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Europe Nitric Acid Market, by Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
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Europe Nitric Acid Market, by Country
- Germany
- Germany Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Germany Nitric Acid Market, By Application
- UK
- UK Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- UK Market, By Application
- France
- France Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- France Nitric Acid Market, By Application
- Spain
- Spain Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Spain Nitric Acid Market, By Application
- Italy
- Italy Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Italy Nitric Acid Market, By Application
- BENELUX
- BENELUX Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- BENELUX Nitric Acid Market, By Application
- Rest of Europe
- Rest Of Europe Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Rest Of Europe Nitric Acid Market, By Application
- Germany
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Asia Pacific Nitric Acid Market - Segment Analysis
- Overview
- Asia Pacific Nitric Acid Market, 2016 - 2028 (USD Million)
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Asia Pacific Nitric Acid Market, by Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
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Asia Pacific Nitric Acid Market, by Country
- China
- China Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- China Nitric Acid Market, By Application
- Japan
- Japan Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Japan Nitric Acid Market, By Application
- India
- India Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- India Nitric Acid Market, By Application
- South Korea
- South Korea Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- South Korea Nitric Acid Market, By Application
- South East Asia
- South East Asia Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- South East Asia Nitric Acid Market, By Application
- Rest of Asia Pacific
- Rest of Asia Pacific Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Rest of Asia Pacific Nitric Acid Market, By Application
- China
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Latin America Nitric Acid Market - Segment Analysis
- Overview
- Latin America Nitric Acid Market, 2016 - 2028 (USD Million)
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Latin America Nitric Acid Market, by Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
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Latin America Nitric Acid Market, by Country
- Brazil
- Brazil Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Brazil Nitric Acid Market, By Application
- Argentina
- Argentina Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Argentina Nitric Acid Market, By Application
- Rest of Latin America
- Rest of Latin America Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Rest of Latin America Nitric Acid Market, By Application
- Brazil
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Middle East & Africa Nitric Acid Market - Segment Analysis
- Overview
- Middle East & Africa Nitric Acid Market, 2016 - 2028 (USD Million)
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Middle East & Africa Nitric Acid Market, by Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
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Middle East & Africa Nitric Acid Market, by Country
- GCC Countries
- GCC Countries Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- GCC Countries Nitric Acid Market, By Application
- South Africa
- South Africa Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- South Africa Nitric Acid Market, By Application
- Rest of Middle East & Africa
- Rest of Middle East & Africa Nitric Acid Market, By Application
- By Fertilizers
- By Nitrobenzene
- By Adipic acid
- By Toluene diisocyanate (TDI)
- By Nitrochlorobenzene
- By Other Applications
- Rest of Middle East & Africa Nitric Acid Market, By Application
- GCC Countries
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Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter's Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
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COVID 19 Impact Analysis
- Key strategies undertaken by companies to tackle COVID-19
- Short term dynamics
- Long term dynamics
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Marketing Stratagy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
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Competative Landscape
- Competition Matrix - 2021
- Company Market Share Analysis - 2021
- Key Company Activities, 2018 - 2021
- Strategic Developments - Heat Map Analysis
- Company Offering Evaluation
- Company Regional Presence Evaluation
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Company Profiles
- BASF SE (Germany)
- DuPont de Nemours Inc. (US)
- Nutrien Ltd. (Canada)
- Omnia Holdings Limited (South Africa)
- Apache Nitrogen Products Inc. (US)
- CF Industries Holdings Inc. (US)
- Rashtriya Chemicals & Fertilizers Ltd. (India)
- Dyno Nobel (US)
- Sasol (South Africa)
- Angus Chemical Company (US)
- Enaex S.A. (Chile)
- LSB Industries (US)
- Thyssenkrupp AG (Germany)
- Yara International ASA (Norway)
- J.R. Simplet Company (US)
- Ixom (Australia)
- Key Primary Respondents - VERBATIM
- Discussion Guide
- Customization Offered
- Annexure
- List of Figures
- List of Tables
- List of Abbreviations
FAQ
Frequently Asked Question
What is the global demand for Nitric Acid in terms of revenue?
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The global Nitric Acid valued at USD 28.56 Billion in 2022 and is expected to reach USD 33.46 Billion in 2030 growing at a CAGR of 2.00%.
Which are the prominent players in the market?
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The prominent players in the market are BASF SE (Germany), DuPont de Nemours Inc. (US), Nutrien Ltd. (Canada), Omnia Holdings Limited (South Africa), Apache Nitrogen Products Inc. (US), CF Industries Holdings Inc. (US), Rashtriya Chemicals & Fertilizers Ltd. (India), Dyno Nobel (US), Sasol (South Africa), Angus Chemical Company (US), Enaex S.A. (Chile), LSB Industries (US), Thyssenkrupp AG (Germany), Yara International ASA (Norway), J.R. Simplet Company (US), Ixom (Australia).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 2.00% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Nitric Acid include
- High Demand for Lightweight Automobile to Lead Market Growth
Which region accounted for the largest share in the market?
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Europe was the leading regional segment of the Nitric Acid in 2022.