November 12, 2024

Nitric Acid Market Size to Grow US$ 39.7 Billion By 2030

The global nitric acid market size was valued at US$ 29.6 billion in 2021 and is anticipated to grow US$ 39.7 billion by 2030, registering a compound annual growth rate of 3.32% from 2022 to 2030.

Nitric Acid Market Size 2022 To 2030

The nitric acid market report covering various industry elements and growth trends helpful for predicting the market’s future.

The study provides a strong base for the nitric acid market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2030.

This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2022 to 2030. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the nitric acid report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the nitric acid market have been studied and analysed across many developments.

Nitric Acid Market Scope 

Report Coverage Details
Market Size in 2022 USD 30.58 Billion
Market Size by 2030 USD 39.7 Billion
Growth Rate from 2022 to 2030 CAGR of 3.32%
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered
  • By Application
  • By End-Use
  • By Concentration
  • By Distribution Channel

Also read: Precast Concrete Market Size to Grow US$ 234.1 Billion By 2030

Research Approach

The comprehensive report on the global nitric acid market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global nitric acid market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

Key Players 

  • BASF SE
  • Apache Nitrogen Products Inc.
  • CF Industry Holdings, Inc
  • Dupont
  • Nutrien Ltd.
  • Omnia Holding Limited
  • Rashtriya Chemical & Fertilizers Ltd.
  • Thyssenkrupp AG
  • Yara International ASA

Nitric Acid Market Segmentations

By Application 

  • Fertilizers
  • Adipic Acid
  • Toluene Diisocyanate
  • Nitrobenzene
  • Others

By End-Use

  • Explosives
  • Agrochemicals
  • Electronics
  • Automotive
  • Others

By Concentration

  • Dilute Nitric Acid (68%)
  • Concentrated Nitric Acid (69% 71%)

By Distribution Channel

  • Direct/Institutional Sales
  • Retail Sales
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Nitric Acid Market 

5.1. COVID-19 Landscape: Nitric Acid Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Nitric Acid Market, By Application

8.1. Nitric Acid Market, by Application, 2022-2030

8.1.1. Fertilizers

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Adipic Acid

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Toluene Diisocyanate

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Nitrobenzene

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Nitric Acid Market, By End-Use

9.1. Nitric Acid Market, by End-Use, 2022-2030

9.1.1. Explosives

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Agrochemicals

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Electronics

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Automotive

9.1.4.1. Market Revenue and Forecast (2017-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Nitric Acid Market, By Concentration

10.1. Nitric Acid Market, by March, 2022-2030

10.1.1. Dilute Nitric Acid (68%)

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Concentrated Nitric Acid (69% 71%)

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Nitric Acid Market, By Distribution Channel 

11.1. Nitric Acid Market, by Distribution Channel, 2022-2030

11.1.1. Direct/Institutional Sales

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Retail Sales

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Nitric Acid Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Application (2017-2030)

12.1.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.1.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.1.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.1.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.1.5.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.1.5.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.1.6.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.1.6.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.1.6.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.2.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.2.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.2.5.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.2.5.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.6.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.2.6.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.2.6.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.7.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.2.7.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.2.7.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Application (2017-2030)

12.2.8.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.2.8.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.2.8.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.3.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.3.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.3.5.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.3.5.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.6.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.3.6.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.3.6.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.7.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.3.7.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.3.7.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Application (2017-2030)

12.3.8.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.3.8.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.3.8.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.4.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.4.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.4.5.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.4.5.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.6.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.4.6.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.4.6.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.7.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.4.7.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.4.7.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Application (2017-2030)

12.4.8.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.4.8.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.4.8.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.5.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.5.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Application (2017-2030)

12.5.5.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.5.5.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.5.5.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Application (2017-2030)

12.5.6.2. Market Revenue and Forecast, by End-Use (2017-2030)

12.5.6.3. Market Revenue and Forecast, by Concentration(2017-2030)

12.5.6.4. Market Revenue and Forecast, by Distribution Channel (2017-2030)

Chapter 13. Company Profiles

13.1. BASF SE

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Apache Nitrogen Products Inc.

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. CF Industry Holdings, Inc

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Dupont

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Nutrien Ltd.

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Omnia Holding Limited

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Rashtriya Chemical & Fertilizers Ltd.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Thyssenkrupp AG

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Yara International ASA

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global nitric acid market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for nitric acid are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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