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Nitric Acid Market Analysis By Application (Fertilizers, Adipic Acid, Nitrobenzene, Toulene Di-Isocynate & Nitrochlorobenzene), Industry Size, Growth, Share And Forecast To 2022

Published By: Brisk Insights | Published On: Feb 1, 2016

Key findings


The Global Nitric Acid market is expected to reach at US $14.90 billion by 2022 at the CAGR of 10.11% during 2015-2022. The Global Nitric Acid market is growing due to factors such as the increasing demand for ammonium nitrate as a fertilizer in the agricultural industry, High demand for ammonium nitrate as a fertilizer in the past few years, in addition to increasing incidences of groundwater contamination as a result of excessive fertilizer use is expected to restrict growth prospects over the forecast period.


Nitric Acid is a corrosive acid that becomes colorless in its pure form and pale yellow due to decomposition of oxides. Nitric acid with more than 85% concentration is termed as fuming nitric acid, while the commercial form has a concentration of approximately 70%. This acid can be classified as white fuming nitric acid and red fuming nitric acid based on color solution and nitrogen dioxide concentration. Nitric acid is popularly used in reagents required for nitration reactions.
The Growth of the global fertilizer industry is mainly driving the nitric acid market. As Nitric acid is used in the production of calcium ammonium nitrate and ammonium nitrate, which are used in fertilizers. Ammonium nitrate can further be used to produce urea ammonium nitrate (UAN), which is used in explosives and fertilizer solutions.


Market segment insight


The application market for Global Nitric Acid market is segmented on the basis of: by applications, and by geography. Currently the market is dominated by fertilizer segment. Fertilizers such as ammonium nitrate account for over 80% of the total nitric acid consumption. The ammonium nitrate produced is primarily used as a fertilizer in the agriculture industry. Further, some percent of the ammonium nitrate in engaged in production of alloy fertilizer blends including urea ammonium nitrate.


Regional insights


Globally, North America is largest market for nitric acid owing to large number of manufacturers in the US and the market is expected to further witness growth owing to emergence of end use industries including automobile, construction, furniture and agriculture. Increasing use of ammonium nitrate as explosive in mining industry is expected to provide growth prospects for the nitric acid market over the forecast period. Asia Pacific is likely to be the fastest growing market for nitric acid over the forecasted period of 2015-2022.


Competitive insight


Some major participants in the Global Nitric Acid market include BASF, Agrium Inc, Angus Chemical Company, Cherokee Nitrogen L.L.C, Dyno Nobel, Dow Chemicals, Sasol and Ixom etc. Collaborations are also employed as a strategy to widen product portfolio by companies. Market is expected to be significantly fragmented over the next seven years.


Reasons for Buying the Report

 

  • This report provides a detailed study of current trends in the Global Nitric Acid market, key growth drivers, and restraints.
  • It provides market forecast for the next 7 years (2015-2022) assessed on the basis of market growth.
  • The report also includes analysis of recent technological developments in the Global
  • Nitric Acid market, analysis of key market players and the key winning strategy adopted and predictive analysis.
  • The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
  • The report tracks and analyse the changing market dynamics.
  • The report also talks about emerging opportunities in the market and the future impact of major drivers and restraints of the market.
  • The report also provides extensive analysis with respect to key product segments.
  • The analysis in the report will help in making effective business decisions.
  • It provides analysis through distinctive graphs and charts and analyses strengths, weakness, opportunities and threats of major market players.

1. Methodology & Scope
    1.1. Research Methodology
    1.2. Research Scope & Assumptions
    1.3. List of Data Sources


2. Executive summary
    2.1. Global Nitric Acid Market – Industry summary & key buying criteria
    2.2. Global Nitric Acid Market industry outlook

  

3. Market segmentation
    3.1. Market size and growth prospects 2012-2022
    3.2. Global Nitric Acid Market value chain analysis
    3.3. Vendor Landscape


4. Global Nitric Acid Market dynamics
    4.1. Market driver analysis
        4.1.1. Growing application of polyurethane foams
        4.1.2. Increasing demand for adipic acid in lightweight automotive materials
        4.1.3. New manufacturing facilities in Asia Pacific & Middle East
    4.2. Market restraint analysis
        4.2.1. Stringent regulatory environment
    4.3. Key opportunities prioritized
        4.3.1. Increasing demand for ammonium nitrate as a fertilizer in the agricultural industry


5. Industry analysis – Porter’s
    5.1. Global Nitric Acid Market – PESTEL analysis


6. Global Nitric Acid Market by application 2012-2022 ($ BILLION)
    6.1. Global Fertilizers market
        6.1.1. Global Fertilizers market 2012-2022 ($ BILLION)
    6.2. Global Adipic Acid market
        6.2.1. Global Adipic Acid market 2012-2022 ($ BILLION)
    6.3. Global Nitrobenzene market
        6.3.1. Global Nitrobenzene market 2012-2022 ($ BILLION)
    6.4. Global Toulene di-isocynate market
        6.4.1. Global Toulene di-isocynate market 2012-2022 ($ BILLION)
    6.5. Global Nitrochlorobenzene market
        6.5.1. Global Nitrochlorobenzene market 2012-2022 ($ BILLION)
    6.6. Other market
        6.6.1. Other market 2012-2022 ($ BILLION)


7. Global Nitric Acid Market regional outlook 2012-2022 ($ BILLION)
    7.1. Global industrial protective clothing market volume share by region 2012-2022 ($ BILLION)
    7.2. North America
        7.2.1. North America market estimates and forecast 2012-2022 ($ BILLION)
        7.2.2. North America market estimates and forecast by region 2012-2022 ($ BILLION)
     7.2.3. North America market estimates and forecast by application 2012-2022 ($ BILLION)
         7.2.3.1. U.S.
             7.2.3.1.1. U.S. market estimates and forecast 2012-2022 ($ BILLION)
             7.2.3.1.2. U.S. market estimates and forecast by application 2012-2022 ($ BILLION)
         7.2.3.2. Canada
             7.2.3.2.1. Canada market estimates and forecast 2012-2022 ($ BILLION)
          7.2.3.2.2. Canada market estimates and forecast by application 2012-2022 ($ BILLION)
        7.2.3.3. Mexico
            7.2.3.3.1. Mexico market estimates and forecast 2012-2022 ($ BILLION)
          7.2.3.3.2. Canada market estimates and forecast by application 2012-2022 ($ BILLION)
    7.3. Europe
        7.3.1. Europe market estimates and forecast 2012-2022 ($ BILLION)
        7.3.2. Europe market estimates and forecast by region 2012-2022 ($ BILLION)
        7.3.3. Europe market estimates and forecast by application 2012-2022 ($ BILLION)
            7.3.3.1. Germany
                7.3.3.1.1. Germany market estimates and forecast 2012-2022 ($ BILLION)
         7.3.3.1.2. Germany market estimates and forecast by application 2012-2022 ($ BILLION)
    7.3.3.2. UK
        7.3.3.2.1. UK market estimates and forecast 2012-2022 ($ BILLION)
        7.3.3.2.2. market estimates and forecast by application 2012-2022 ($ BILLION)
    7.3.3.3. Russia
        7.3.3.3.1. Russia market estimates and forecast 2012-2022 ($ BILLION)
        7.3.3.3.2. Russia market estimates and forecast by application 2012-2022 ($ BILLION)
    7.4. Asia Pacific
        7.4.1. Asia Pacific market estimates and forecast 2012-2022 ($ BILLION)
        7.4.2. Asia Pacific market estimates and forecast by region 2012-2022 ($ BILLION)
        7.4.3. Asia Pacific market estimates and forecast by application 2012-2022 ($ BILLION)
            7.4.3.1. China
               7.4.3.1.1. China market estimates and forecast 2012-2022 ($ BILLION)
             7.4.3.1.2. China market estimates and forecast by application 2012-2022 ($ BILLION)
            7.4.3.2. India
                7.4.3.2.1. India market estimates and forecast 2012-2022 ($ BILLION)
             7.4.3.2.2. India market estimates and forecast by application 2012-2022 ($ BILLION)
            7.4.3.3. South Korea
                7.4.3.3.1. South Korea market estimates and forecast 2012-2022 ($ BILLION)
            7.4.3.3.2. South Korea market estimates and forecast by application 2012-2022 ($ BILLION)
    7.5. Middle East & Africa
        7.5.1. Middle East & Africa market estimates and forecast 2012-2022 ($ BILLION)
      7.5.2. Middle East & Africa market estimates and forecast by application 2012-2022 ($ BILLION)
    7.6. Central &South America
        7.6.1. Central & South America market estimates and forecast 2012-2022 ($ BILLION)
       7.6.2. Central & South America market estimates and forecast by application 2012-2022 ($ BILLION)
           7.6.2.1. Brazil
               7.6.2.1.1. Brazil market estimates and forecast 2012-2022 ($ BILLION)
             7.6.2.1.2. Brazil market estimates and forecast by application 2012-2022 ($ BILLION)


8. Competitive Landscape
    8.1. Agrium Inc
        8.1.1. Company Overview
        8.1.2. Financial Performance
        8.1.3. Product Benchmarking
        8.1.4. Strategic Initiatives
    8.2. Apache Nitrogen Products Inc
        8.2.1. Company Overview
        8.2.2. Financial Performance
        8.2.3. Product Benchmarking
        8.2.4. Strategic Initiatives
    8.3. BASF
        8.3.1. Company Overview
        8.3.2. Financial Performance
        8.3.3. Product Benchmarking
        8.3.4. Strategic Initiatives
    8.4. CF Industries
        8.4.1. Company Overview
        8.4.2. Financial Performance
        8.4.3. Product Benchmarking
        8.4.4. Strategic Initiatives
    8.5. Angus Chemical Company
        8.5.1. Company Overview
        8.5.2. Financial Performance
        8.5.3. Product Benchmarking
        8.5.4. Strategic Initiatives
    8.6. Cherokee Nitrogen L.L.C
        8.6.1. Company Overview
        8.6.2. Financial Performance
        8.6.3. Product Benchmarking
        8.6.4. Strategic Initiatives
    8.7. DuPont
        8.7.1. Company Overview
        8.7.2. Financial Performance
        8.7.3. Product Benchmarking
        8.7.4. Strategic Initiatives
    8.8. Dyno Nobel
        8.8.1. Company Overview
        8.8.2. Financial Performance
        8.8.3. Product Benchmarking
        8.8.4. Strategic Initiatives
    8.9. El Dorado Chemical Company
        8.9.1. Company Overview
        8.9.2. Financial Performance
        8.9.3. Product Benchmarking
        8.9.4. Strategic Initiatives
    8.10. El Dorado Nitrogen L.P
        8.10.1. Company Overview
        8.10.2. Financial Performance
        8.10.3. Product Benchmarking
        8.10.4. Strategic Initiatives
    8.11. Omnia Holdings
        8.11.1. Company Overview
        8.11.2. Financial Performance
        8.11.3. Product Benchmarking
        8.11.4. Strategic Initiatives
    8.12. Ixom
        8.12.1. Company Overview
        8.12.2. Financial Performance
        8.12.3. Product Benchmarking
        8.12.4. Strategic Initiatives
    8.13. Rashtriya Chemicals & Fertilizers Ltd (RCF)
        8.13.1. Company Overview
        8.13.2. Financial Performance
        8.13.3. Product Benchmarking
        8.13.4. Strategic Initiatives
    8.14. Rentec Inc
        8.14.1. Company Overview
        8.14.2. Financial Performance
        8.14.3. Product Benchmarking
        8.14.4. Strategic Initiatives
    8.15. J R Simplot
        8.15.1. Company Overview
        8.15.2. Financial Performance
        8.15.3. Product Benchmarking
        8.15.4. Strategic Initiatives
    8.16. Sasol
        8.16.1. Company Overview
        8.16.2. Financial Performance
        8.16.3. Product Benchmarking
        8.16.4. Strategic Initiatives

1. Global Fertilizers market 2012-2022 ($ BILLION)
2. Global Adipic Acid market 2012-2022 ($ BILLION)
3. Global Nitrobenzene market 2012-2022 ($ BILLION)
4. Global Toulene di-isocynate market 2012-2022 ($ BILLION)
5. Global Nitrochlorobenzene market 2012-2022 ($ BILLION)
6. Other market 2012-2022 ($ BILLION)

1. Global Fertilizers market 2012-2022 ($ BILLION)
2. Global Adipic Acid market 2012-2022 ($ BILLION)
3. Global Nitrobenzene market 2012-2022 ($ BILLION)
4. Global Toulene di-isocynate market 2012-2022 ($ BILLION)
5. Global Nitrochlorobenzene market 2012-2022 ($ BILLION)
6. Other market 2012-2022 ($ BILLION)

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