+1-888-308-5802     
News Contact Us

Europe Nitric Acid Market Size to gain remarkable traction from fertilizers and explosives industry

Author : Ronak Bora | Published Date : 2019-07-10 

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.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2176

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. This is expected to propel the global nitric acid market demand, as the chemical is effectively used for manufacturing ammonium nitrate, a crucial constituent of nitrogenous fertilizers.

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.

Request for customization @ https://www.gminsights.com/roc/2176

Developed regions including North America, especially the US, have witnessed increased necessity for the product in adipic solution, TDI, fertilizers and explosives industries. Middle East & Africa and Latin America are expected to demonstrate promising future in the nitric acid market.

Dominated by some of the key players, the global nitric acid market consists several small regional players with significant amounts of share in the overall industry. Potential factors including price, innovation & technology and quality are major competing areas to lead the nitric acid market coupled with providing low cost products as compared to other competitors. In addition, technological advancement, improved financial support and other resources aids suppliers to shift market trends as per them.

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.

Browse Full Report @ https://www.gminsights.com/industry-analysis/nitric-acid-market

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Antimicrobial Coatings Market Size is driven by strong application trends in healthcare application segment

Published Date: 2019-08-09         Author: Ronak Bora

Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction. Medical & healthcare application segment can experience substantial ... Read More

Aromatic Solvents Market Size to witness heavy growth prospects via paints & coatings sectors

Published Date: 2019-08-09         Author: Ronak Bora

Aromatic solvents market finds extensive application in varied sectors such as automotive, oilfield chemical, pharmaceutical, and paints & coatings. Pharmaceutical application will exhibit a CAGR of more than 2% over 2016- 2024, owing to its significant usage in drug formulation. Paints & co... Read More

Synthetic Lubricants Market in Europe Will Touch $1.67 Billion Up To 2023

Published Date: 2019-08-09         Author: Ronak Bora

Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW. Asia Pacific, led by India and China synthetic lubricants market, is predicted ... Read More

© 2019 Fractovia. All Rights Reserved