NEW YORK, February 22, 2017 /PRNewswire/ --
Rising demand for nitric acid across the globe can be attributed to its widespread use in production of chemicals such as ammonium nitrate, calcium ammonium nitrate, nitrobenzene, adipic acid, toluene di isocynate etc., used in fertilizers, polyurethanes, pharmaceuticals and other end user industries. Growing demand for ammonium nitrate fertilizers is projected to emerge as a key driver in the global nitric acid market. Increasing need for high crop yield in order to address the growing demand for food has prompted consumption of synthetic fertilizers over the past few years. Large availability of agricultural land and supportive government policies have positively influenced expansion of agriculture sector across the globe. This is anticipated to augur well for global nitric acid demand, as the chemical is used for production of ammonium nitrate, a key constituent of nitrogenous fertilizers.
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According to "Global Nitric Acid Market By Plant Type, By Sales Channel, By Application, By Region, Competition Forecast and Opportunities, 2011 - 2025", the global nitric acid market is projected to grow at a CAGR of over 6% during 2016-2025, on the back of implementation of stringent regulations related to greenhouse gas pollution control, expanding ammonium nitrate and calcium ammonium nitrate industries and growing demand for explosives from mining and construction sectors. Europe is the largest consumer of nitric acid across the globe. However, rapid industrialization in APAC are projected to drive robust growth in demand for nitric acid and its derivatives in the region in the ensuing years. Few of the major players operating in global nitric acid market include LSB Industries, Yara International, CF Industries, Deepak Fertilizer, Petrochemicals Corporation Limited, etc. "Global Nitric Acid Market By Plant Type, By Sales Channel, By Application, By Region, Competition Forecast and Opportunities, 2011 - 2025" report elaborates following aspects related to nitric acid market globally:
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Report Methodology:
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with nitric acid manufacturers, importers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.
Table of Content:
1.Product Overview
2.Research Methodology
3.Analyst View
4.Global Nitric Acid Market Outlook
4.1. Global Nitric Acid Production Outlook
4.2. Market Size & Forecast (Value & Volume)
4.3. Market Share & Forecast
4.4. Global Nitric Acid Market Attractiveness Index & BPS Analysis
5.Europe Nitric Acid Market Outlook
5.1. Europe Nitric Acid Production Outlook - By Leading Company & Country
5.2. Market Size & Forecast (Value & Volume)
5.3. Market Share & Forecast
5.4. Europe Nitric Acid Market Country Analysis (For Leading Four Countries)
5.5. Europe Nitric Acid Market Attractiveness Index & BPS Analysis
6.Asia-Pacific Nitric Acid Market Outlook
6.1. Asia-Pacific Nitric Acid Production Outlook - By Leading Company & Country
6.2. Market Size & Forecast (Value & Volume)
6.3. Market Share & Forecast
6.4. Asia-Pacific Nitric Acid Market Country Analysis (For Leading Four Countries)
6.5. Asia-Pacific Nitric Acid Market Attractiveness Index & BPS Analysis
7.North America Nitric Acid Market Outlook
7.1. North America Nitric Acid Production Outlook - By Leading Company & Country
7.2. Market Size & Forecast (Value & Volume)
7.3. Market Share & Forecast
7.4. North America Nitric Acid Market Country Analysis (For Leading Four Countries)
7.5. North America Nitric Acid Market Attractiveness Index & BPS Analysis
8.Middle East & Africa Nitric Acid Market Outlook
8.1. Middle East & Africa Nitric Acid Production Outlook - By Leading Company & Country
8.2. Market Size & Forecast (Value & Volume)
8.3. Market Share & Forecast
8.4. Middle East and Africa Nitric Acid Market Country Analysis (For Leading Three Countries)
8.5. Middle East & Africa Nitric Acid Market Attractiveness Index & BPS Analysis
9.South America Nitric Acid Market Outlook
9.1. South America Nitric Acid Production Outlook - By Leading Company & Country
9.2. Market Size & Forecast (Value & Volume)
9.3. Market Share & Forecast
9.4. South America Nitric Acid Market Country Analysis (For Leading Three Countries)
9.5. South America Nitric Acid Market Attractiveness Index & BPS Analysis
10.List of Technology Licensors/Contractors
11.Pricing Analysis
12.Value Chain Analysis
13.Market Dynamics
13.1. Drivers
13.2. Challenges
14.Market Trends & Developments
15.Competitive Landscape
16.Strategic Recommendations
17.Annexure
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