Latin America, Middle East & Africa Nitric Acid Market Databank
Description
Latin America, Middle East & Africa Nitric Acid Market Databank
The Nitric Acid market was valued at $23,600.0 Million in 2020, and is projected to reach $45,075.8 Million by 2029 growing at a CAGR of 7.50% from 2021 to 2029. Fertilizers segment is expected to be the highest contributor to this market, with $9,238.6 Million in 2020, and is anticipated to reach $17,694.7 Million by 2029, registering a CAGR of 7.54%. Nitrobenze segment is anticipated to reach $11,401.0 Million by 2029 with the highest CAGR of 7.67%. Fertilizers and Nitrobenze segments collectively expected to account for about 64.1% share of the Nitric Acid market in 2020, with the former constituting around 39.1% share. Nitrobenze and Adipic acid segments are expected to witness significant growth rates at a CAGR of 7.67% and 7.59% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 37.4% in the overall Nitric Acid market in 2020, and is anticipated to reach 37.8% by 2029.
The report provides market intelligence on various market segments and geography, including market size and forecast information. Its primary goals are to deliver a thorough global market intelligence report by providing detailed segmentation, growth rates, market dynamics, industry structure and developments, market situation, and trends. To determine the market size and forecast, we conducted extensive secondary research to gain a comprehensive understanding of the market in each region. In addition, we carried out extensive primary research by conducting interviews with key executives in the industry. These interviews helped us to fill any data gaps identified during the secondary research. We used various secondary sources such as encyclopedias, directories, and databases to gather relevant information for this extensive techno-commercial study. We interviewed selected experts from manufacturers and suppliers to obtain and verify critical information, as well as to assess future prospects. The research team evaluated the reliability of the obtained information before using it. In some cases, a combination of multiple sources was used. Sprout Intelligence conducted an in-depth analysis of the market segmentation, which is a crucial component of our market intelligence reports.
The Nitric Acid market was valued at $23,600.0 Million in 2020, and is projected to reach $45,075.8 Million by 2029 growing at a CAGR of 7.50% from 2021 to 2029. Fertilizers segment is expected to be the highest contributor to this market, with $9,238.6 Million in 2020, and is anticipated to reach $17,694.7 Million by 2029, registering a CAGR of 7.54%. Nitrobenze segment is anticipated to reach $11,401.0 Million by 2029 with the highest CAGR of 7.67%. Fertilizers and Nitrobenze segments collectively expected to account for about 64.1% share of the Nitric Acid market in 2020, with the former constituting around 39.1% share. Nitrobenze and Adipic acid segments are expected to witness significant growth rates at a CAGR of 7.67% and 7.59% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 37.4% in the overall Nitric Acid market in 2020, and is anticipated to reach 37.8% by 2029.
The report provides market intelligence on various market segments and geography, including market size and forecast information. Its primary goals are to deliver a thorough global market intelligence report by providing detailed segmentation, growth rates, market dynamics, industry structure and developments, market situation, and trends. To determine the market size and forecast, we conducted extensive secondary research to gain a comprehensive understanding of the market in each region. In addition, we carried out extensive primary research by conducting interviews with key executives in the industry. These interviews helped us to fill any data gaps identified during the secondary research. We used various secondary sources such as encyclopedias, directories, and databases to gather relevant information for this extensive techno-commercial study. We interviewed selected experts from manufacturers and suppliers to obtain and verify critical information, as well as to assess future prospects. The research team evaluated the reliability of the obtained information before using it. In some cases, a combination of multiple sources was used. Sprout Intelligence conducted an in-depth analysis of the market segmentation, which is a crucial component of our market intelligence reports.
Table of Contents
85 Pages
- 1. GLOBAL NITRIC ACID MARKET, BY APPLICATION
- 1.1. OVERVIEW
- 1.2. FERTILIZERS
- 1.2.1 FERTILIZERS MARKET, BY REGION
- 1.2.1.1 North America Fertilizers Market, By Country
- 1.2.1.2 Europe Fertilizers Market, By Country
- 1.2.1.3 Asia-Pacific Fertilizers Market, By Country
- 1.2.1.4 Latin America, Middle East & Africa Fertilizers Market, By Country
- 1.3. NITROBENZE
- 1.3.1 NITROBENZE MARKET, BY REGION
- 1.3.1.1 North America Nitrobenze Market, By Country
- 1.3.1.2 Europe Nitrobenze Market, By Country
- 1.3.1.3 Asia-Pacific Nitrobenze Market, By Country
- 1.3.1.4 Latin America, Middle East & Africa Nitrobenze Market, By Country
- 1.4. ADIPIC ACID
- 1.4.1 ADIPIC ACID MARKET, BY REGION
- 1.4.1.1 North America Adipic acid Market, By Country
- 1.4.1.2 Europe Adipic acid Market, By Country
- 1.4.1.3 Asia-Pacific Adipic acid Market, By Country
- 1.4.1.4 Latin America, Middle East & Africa Adipic acid Market, By Country
- 1.5. TOULENE DI-ISOCYNATE
- 1.5.1 TOULENE DI-ISOCYNATE MARKET, BY REGION
- 1.5.1.1 North America Toulene Di-isocynate Market, By Country
- 1.5.1.2 Europe Toulene Di-isocynate Market, By Country
- 1.5.1.3 Asia-Pacific Toulene Di-isocynate Market, By Country
- 1.5.1.4 Latin America, Middle East & Africa Toulene Di-isocynate Market, By Country
- 1.6. OTHER APPLICATIONS
- 1.6.1 OTHER APPLICATIONS MARKET, BY REGION
- 1.6.1.1 North America Other Applications Market, By Country
- 1.6.1.2 Europe Other Applications Market, By Country
- 1.6.1.3 Asia-Pacific Other Applications Market, By Country
- 1.6.1.4 Latin America, Middle East & Africa Other Applications Market, By Country
- 2. GLOBAL NITRIC ACID MARKET, BY REGION
- 2.1. OVERVIEW
- 2.2. LATIN AMERICA, MIDDLE EAST & AFRICA
- 2.2.1 LATIN AMERICA, MIDDLE EAST & AFRICA NITRIC ACID MARKET, BY APPLICATION
- 2.2.2 LATIN AMERICA, MIDDLE EAST & AFRICA NITRIC ACID MARKET, BY COUNTRY
- 2.2.2.1 Brazil
- 2.2.2.1.1 Brazil Nitric Acid Market, By Application
- 2.2.2.2 South Africa
- 2.2.2.2.1 South Africa Nitric Acid Market, By Application
- 2.2.2.3 GCC
- 2.2.2.3.1 GCC Nitric Acid Market, By Application
- 2.2.2.4 Latin America, Middle East & Africa Countries
- 2.2.2.4.1 Latin America, Middle East & Africa Countries Nitric Acid Market, By Application
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