Report overview
Nitric acid is poisonous liquid that gives off choking red or yellow fumes in moist air. It is a strong oxidizing agent. It ionizes readily in solution, forming a good conductor of electricity. It is miscible with water in all proportions. Nitric acid is a clear to slightly yellow aqueous solution that has been treated to remove most free nitrogen oxides. This highly corrosive intermediate chemical is a strong mineral acid used in the production of nitrate based fertilizers, nylon precursors and other specialty chemicals. In this report we converting the different concentration of nitric acid into 100, namely in this report we counting the nitric acid(100%)?s capacity, production price and other items.
This report aims to provide a comprehensive presentation of the global market for Nitric Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Nitric Acid. This report contains market size and forecasts of Nitric Acid in global, including the following market information:
Global Nitric Acid Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Nitric Acid Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Nitric Acid companies in 2022 (%)
The global Nitric Acid market was valued at US$ 13360 million in 2022 and is projected to reach US$ 16500 million by 2029, at a CAGR of 3.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Europe is the largest Nitric Acid market with about 36% market share. North America is follower, accounting for about 34% market share.
The key players are CF Industries Holdings, Yara, EuroChem, URALCHEM, Orica, Nutrien, Acron, SBU Azot, OCI, LSB Industries, Dyno Nobel, CVR Partners, Nutrien, Koch, Shanxi Tianji, Shanxi Xinghua, Yunnan Jiehua, Sinopec (Nanjing), Sichuan Gold Elephant, Anhui JinHe Industrial, Holitech, Henan Jinkai, Shandong Dier-chem, Liuzhou Chemical, Jiangsu Huachang Chemical, Hongda Chemical, Luguang Chemical, Hualong Ammonium Nitrate, Sichuan Chemical, Fujian Shaohua etc. Top 3 companies occupied about 50% market share.
We surveyed the Nitric Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Nitric Acid Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Nitric Acid Market Segment Percentages, by Type, 2022 (%)
Dilute Nitric Acid
Concentrated Nitric Acid
Global Nitric Acid Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Nitric Acid Market Segment Percentages, by Application, 2022 (%)
Fertilizer
Explosives
Polyurethanes
Polyamides
Others
Global Nitric Acid Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Nitric Acid Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Nitric Acid revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Nitric Acid revenues share in global market, 2022 (%)
Key companies Nitric Acid sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Nitric Acid sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
CF Industries Holdings
Yara
EuroChem
URALCHEM
Orica
Nutrien
Acron
SBU Azot
OCI
LSB Industries
Dyno Nobel
CVR Partners
Nutrien
Koch
Shanxi Tianji
Shanxi Xinghua
Yunnan Jiehua
Sinopec (Nanjing)
Sichuan Gold Elephant
Anhui JinHe Industrial
Holitech
Henan Jinkai
Shandong Dier-chem
Liuzhou Chemical
Jiangsu Huachang Chemical
Hongda Chemical
Luguang Chemical
Hualong Ammonium Nitrate
Sichuan Chemical
Fujian Shaohua
Outline of Major Chapters:
Chapter 1: Introduces the definition of Nitric Acid, market overview.
Chapter 2: Global Nitric Acid market size in revenue and volume.
Chapter 3: Detailed analysis of Nitric Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Nitric Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Nitric Acid capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
