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The Global Nitric Acid Market was valued at USD xx million in 2017, and is expected to grow at a CAGR of xx% by 2025. The market is driven by factors such as increasing applications in chemical and fertilizers.
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.
Environmental regulations against the use of nitric acid in fertilizers are projected to impact demand for nitric acid over the forecast period. The use of ammonium nitrate fertilizers results in loss of nitrogen to underground water, because of nitrification and leaching.
Asia Pacific accounted for the largest market share in 2017 and is expected to grow considerably during the projected period, owing to the high consumption of fertilizers.
Some of the key players operating in this market include BASF, The Dow Chemical Company, Apache Nitrogen Products Inc, CF Industries, Yara International ASA and Others.
Global Nitric Acid Industry is spread across 121 pages, profiling 05 companies and supported with tables and figures.
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Key Benefits of the Report:
* Global, Regional, Country, and Industry Vertical Market Size and Forecast from 2014-2025
* Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
* Identification of key companies that can influence this market on a global and regional scale
* Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
* Detailed insights on emerging regions, and Industry Vertical, and competitive landscape with qualitative and quantitative information and facts
Target Audience:
* Nitric Acid providers
* Traders, Importer and Exporter
* Raw material suppliers and distributors
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies
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Research Methodology
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as white papers government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Original Equipment Manufacturer,
* End-user Industry Supplier,
* Distributors,
* Government Body & Associations, and
* Research Institute
TABLE OF CONTENT
1 Executive Summary
2 Methodology And Market Scope
3 Global Nitric Acid Market Industry Outlook
4 Global Nitric Acid Market End User Outlook
5 Global Nitric Acid Market Application Outlook
6 Global Nitric Acid Market Regional Outlook
7 Competitive Landscape
Disclaimer
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Contact Info:
Name: Ruwin Mendez
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Organization: Orian Research
Website: https://www.orianresearch.com/report/global-nitric-acid-market-forecast-till-2025/665068
Release ID: 431706
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