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Global Concentrated Nitric Acid Market 2018-2022

Global Concentrated Nitric Acid Market 2018-2022

About Concentrated Nitric Acid

Nitric acid (HNO3) is a colorless liquid acid commonly used in the manufacturing of fertilizers utilized in the agriculture sector. Concentrated nitric acid is a form of nitric acid. In this report, nitric acid with a concentration level of 70% or more has been considered. Concentrated nitric acid is majorly used in the manufacturing of ammonium nitrate; nitrobenzene, adipic acid, trinitrotoluene, toluene disocyanate, (TDI), and nitroglycerine, which are used across major end-user industries such as explosives, agrochemicals, automotive, electrical and electronics, and others.

Technavio’s analysts forecast the global concentrated nitric acid market to grow at a CAGR of 3.09% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global concentrated nitric acid market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Concentrated Nitric Acid Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • DowDuPont
  • Hanwha Group
  • LSB Industries
  • UBE INDUSTRIES
  • Yara


  • Other prominent vendors
  • DFPCL
  • Plinke
  • ChemChina
Market driver
  • Growing demand from major end-user industries
  • For a full, detailed list, view our report
Market trend
  • Growing economy in APAC
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Concentrated Nitric Acid Market 2018-2022

Technavio recognizes the following companies as the key players in the global concentrated nitric acid market: BASF, DowDuPont, Hanwha Group, LSB Industries, UBE INDUSTRIES, and Yara.

Other Prominent Vendors in the market are: DFPCL, Plinke, and ChemChina.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing economy in APAC. The economies of APAC countries such as China, India, and others have been growing as per the latest World Bank Group (WBG) data. Their GDP growth rate is improving. These countries have vast geographical areas and a spiking population rate, due to which there has been an increase in disposable income per capita. For instance, according to the WBG data, the annual GDP growth rate for India was 7.107% in 2016.”

According to the report, one driver in the market is growing demand from major end-user industries. The growing demand for concentrated nitric acid from automotive, explosives, agrochemicals, and electrical and electronics industries is driving the market. The automotive sector is one of the major consumers of polyurethanes and nylon 66. The use of nylon 6,6 has reduced the load-carrying capacity and stiffness in automotive vehicles. Polyurethane, on the other hand, is an elastomer used in flexible foam seating, foam insulation panels, elastomeric wheels and tires, and hard plastic parts. It is tough, flexible, and resistant to weather, ozone, and radiation. Both nylon 66 and polyurethanes are manufactured by using adipic acid as a raw material, which is, essentially derived from nitric acid.

Companies Mentioned

BASF, DowDuPont, Hanwha Group, LSB Industries, UBE INDUSTRIES, Yara, DFPCL, Plinke, and ChemChina.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Ostwald process
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global nitric acid market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global concentrated nitric acid market - Market size and forecast 2017-2022 (kilotons)
      • Table Global concentrated nitric acid market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Ammonium nitrate - Market size and forecast 2017-2022
      • Table Global concentrated nitric acid market by ammonium nitrate - Market size and forecast 2017-2022 (kilotons)
      • Table Global concentrated nitric acid market by ammonium nitrate - Year-over-year growth 2018-2022 (%)
    • Nitrobenzene - Market size and forecast 2017- 2022
      • Table Global concentrated nitric acid market for nitrobenzene - Market size and forecast 2017-2022 (kilotons)
      • Table Global concentrated nitric acid market by nitrobenzene - Year-over-year growth 2018-2022 (%)
    • Toluene diisocyanate (TDI) - Market size and forecast 2017-2022
      • Table Global concentrated nitric acid market by TDI - Market size and forecast 2017-2022 (kilotons)
      • Table Global concentrated nitric acid market by TDI - Year-over-year growth 2018-2022 (%)
      • Table Manufacturing process of TDI from nitric acid
    • Adipic acid - Market size and forecast 2017-2022
      • Table Global concentrated nitric acid market for adipic acid - Market size and forecast 2017-2022 (kilotons)
      • Table Global concentrated nitric acid market for adipic acid - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Global concentrated nitric acid market for others - Market size and forecast 2017-2022 (kilotons)
      • Table Global concentrated nitric acid market for others - Year-over-year growth 2018-2022 (%)
    • Market opportunity for application
      • Table Market opportunity for application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global concentrated nitric acid market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • EMEA - Market size and forecast 2017-2022
      • Table Concentrated nitric acid market in EMEA - Market size and forecast 2017-2022 (kilotons)
      • Table Concentrated nitric acid market in EMEA - Year-over-year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table Concentrated nitric acid market in APAC - Market size and forecast 2017-2022 (kilotons)
      • Table Concentrated nitric acid market in APAC - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Concentrated nitric acid market in the Americas - Market size and forecast 2017-2022 (kilotons)
      • Table Concentrated nitric acid market in the Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Mergers and acquisitions
    • Growing economy in APAC
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
    • Major vendors
      • Table Global concentrated nitric acid market: Major vendors 2017
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BASF
      • Table BASF overview
      • Table BASF - Business Segments
      • Table BASF - Organizational developments (2016 to date of research)
      • Table BASF - Geographic focus
      • Table BASF - Segment focus
      • Table BASF - Key offerings (for market in focus)
    • DowDuPont
      • Table Vendor overview
      • Table DowDuPont - Business Segments
      • Table DowDuPont - Organizational developments
      • Table DowDuPont - Geographic focus
      • Table DowDuPont - Segment focus
      • Table DowDuPont - Key offerings (for market in focus)
    • Hanwha Group
      • Table Hanwha Group overview
      • Table Hanwha Group - Business segments
      • Table Hanwha Group - Organizational developments (2016 to date of research)
      • Table Hanwha Group - Segment focus
      • Table Hanwha Group - Key offerings (for market in focus)
    • LSB Industries
      • Table Vendor overview
      • Table LSB Industries - Business Segments
      • Table LSB Industries - Organizational developments (2016 to date of research)
      • Table LSB Industries - Geographic focus
      • Table LSB Industries - Segment focus
      • Table LSB Industries - Key offerings (for market in focus)
    • UBE INDUSTRIES
      • Table Vendor overview
      • Table UBE INDUSTRIES - Business Segments
      • Table UBE INDUSTRIES - Organizational developments (2016 to date of research)
      • Table UBE INDUSTRIES - Geographic focus
      • Table UBE INDUSTRIES - Segment focus
      • Table UBE INDUSTRIES - Key offerings (for market in focus)
    • Yara
      • Table Vendor overview
      • Table Yara - Business Segments
      • Table Yara - Organizational developments (2016 to date of research)
      • Table Yara - Geographic focus
      • Table Yara - Segment focus
      • Table Yara - Key offerings (for market in focus)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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