Nitric acid is witnessing rising demand for the manufacturing of fertilizers, nylon, explosives, and a variety of industrially useful organic and inorganic compounds, including adipic acid, toluene diisocyanate (TDI), and nitrobenzene.
Albany, NY -- (SBWIRE) -- 11/26/2017 -- A fresh report titled "Nitric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022" has been recently added to the vast online database of Market Research Reports Search Engine (MRRSE)
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The report on global market for nitric acid is aimed at analyzing the key prospects in the market, enabling stakeholders to leverage them at the right moment. The readers will gain valuable insights into the size and share of key market segments, trends, potential growth opportunities in various regions and the competition scenario, including important developments and growth strategies implemented by industry leaders to strengthen their position. The report offers a meticulous analysis on the regulatory landscape and technological advancements related to commercial production of nitric acid. Also, the report provide a detailed description of the key factors influencing the growth of the key market segments.
By offering an in-depth assessment on the major forces that effected the dynamics of the market over a historical period of 2012 to 2017, the report gives a critical overview of the markets performances. In addition, the report delivers evidence-based projections on the growth of the market for the forecast period 2017-2022. The report points out district advances in the end-use sectors and measures their impact on the global demand for nitric acid. To offer a holistic overview of the market, a detailed analysis on supply chain network and raw materials sourcing also been carried in the report. The report reveals that the global market for nitric acid is set witness compound annual growth rate of 3.9% between 2017 and 2022 to reach a valuation of US$ 20,420.8 Mn.
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Analysts conducted a granular analysis on the key market element to pinpoint lucrative segments and notable trends. The readers will come across information pertaining to share and size of different market segments along with major drivers and restraints. In addition, the report engages highly-accurate industry tools to conduct a comparative analysis on the key market segments based on year-over-year growth in major regions.
In the report, the global market for nitric acid has been segmented into application, end use, and region. By the end use, the market has been segment into toluene diisocyanate, metal processing, nitrobenzene, adipic acid and others. Based on application, the market has been segmented into metallurgical industries, allied industries and chemicals. Region wise, the market has been segments into Asia Pacific excluding Japan (APEJ), North America, Japan, Europe, Latin America and the Middle East & Africa (MEA).
Global Nitric Acid Market: Competitive Landscape
A section of the report extensively talk about the competitive scenario of the market. In this section leading players operating in the global market for nitric acid have been profiled, which include information regarding their market share, revenue, development and growth strategies. Leading companies discussed in the report include Eurochem Group, Potash Corp, Yara, BASF SE, The Chemours Company, Dyno Nobel, Sumitomo Chemical Co., Ltd., OCI Nitrogen and CF Industries.
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