Nitric Acid Market Report to 2031
By Type (Strong Nitric Acid, Fuming Nitric Acid, Other Type) By Application (Ammonium Nitrate, Adipic Acid, Toluene di-isocyanate (TDI), Nitrobenzene, Nitrochlorobenzene, Others Application) By End-Users (Fertilizers, Explosives, Chemical Intermediates, Others End-User) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country
Visiongain has estimated that the total market for Nitric Acid would be around $x million in 2020 and is projected to grow at a CAGR of x% during the forecast period 2021-2031. Nitric acid is colorless when pure but has a yellowish appearance when it is old due to the collection of nitrogen oxides. Upon distillation, nitric acid in its pure form begins to boil at 78.2°C and becomes solid when it is well cooled. Nitric acid is a strong oxidizing agent. It ionizes readily in solution, forming a good conductor of electricity. It reacts with metals, oxides, and hydroxides, forming nitrate salts. Nitric acid is produced chiefly by oxidation of ammonia through the Ostwald process. Small amounts are produced by the treatment of sodium nitrate with sulfuric acid. Nitric acid is also a component of acid rain.
Nitric Acid Market – Our new market research study shows trends, developments, progress in R&D and forecast revenue till 2031. The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
Which are the application areas of nitric acid?
Nitric acid is used in the production of ammonium nitrate for fertilizers, making plastics, and in the manufacture of dyes. It is also used for making explosives such as nitroglycerin and TNT. When it is combined with hydrochloric acid, an element called aqua regia is formed. This is a reagent that is capable of dissolving gold and platinum. Additionally, it is used in a colorimetric test to distinguish heroin and morphine.
Nitric acid is commonly used in science laboratories at schools for experimenting when specifically testing for chloride. This is accomplished by adding a sample with silver nitrate solution and nitric acid to test if a white precipitate, silver chloride is present. In the field of medicine, nitric acid is used in its pure state as a caustic to remove chancres and warts. Diluted solutions are used in the treatment of dyspepsia.
Nitric acid has been used in various forms as the oxidizer in liquid–fueled rockets. These forms include red fuming nitric acid, white fuming nitric acid, mixtures with sulfuric acid, and forms with HF inhibitor.
What are the key factors to reshaping the growth of the Nitric Acid market? To find out, you must read this newly updated report if you are one of the stake holder of this market. This exclusive report by Visiongain shows you potential revenue opportunity pool until 2031 for the assessment of data, trends, opportunities and business outlooks.
What factors could lead to an expansion of the Nitric Acid market?
Increasing demand is identified as a key driver of the market for adipic acid in nylon resins and fibres for the production of automotive interior. It is widely used as a forerunner for nylon 6,6, which is widely used globally in the automobile industry.
Adipic acid formulation is one of the most important applications of nitric acid. The formulated Nylon is widely used by car manufacturers, based on adipic acid. Nylon products are used as a replacement for heavy-metal components in the automotive industry. The reduction of vehicle weight causes increased energy efficiency because of the low mass of the vehicle and therefore reduced fuel consumption in emissions of carbon. In developing countries such as North America and Europe, growing environmental concerns lead to stringent regulations, with car manufacturers increasingly taking lightweight materials. The demand for nylon 6, 6 over the forecast period is expected to rise.
What regions are the champions of Nitric Acid market growth?
Due to the presence of a large number of multinational chemical producers in the USA, the market for North America is expected to see significant growth during the forecast period. The market for nitric acid will continue to reflect high growth as industries like manufacturing, automotive, agricultural and furniture are growing rapidly. In this industry, the formulation of fertilisers and nylon requires high quality nitric acid. In addition, demand for mining ammonium nitrate for the formulation of explosives has been growing, which in turn drives overall market growth. Some of the world’s largest car manufacturers are located in Germany. Among the most important companies are Volkswagen, BMW, Daimler AG, Adam Opel and Ford-Werke GmbH.
Discover how to stay ahead
301 tables and graphs are included in our 310 page report. Read about the most lucrative industries and the future prospects on the market. Our new study allows you to evaluate forecast sales worldwide and regional. See financial results, trends, opportunities and forecasts of revenue. In this growing Nitric Acid market a lot of opportunity remains. See how opportunities can be taken advantage of.
Forecasts to 2031 and other analyses reveal the commercial prospects of Nitric Acid Market
• In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares.
• You find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), product profiles and commercial developments.
Discover sales predictions for the Nitric Acid market and submarkets
Global Nitric Acid Market by Type
Strong Nitric Acid
Fuming Nitric Acid
Global Nitric Acid Market by Application
Toluene di-isocyanate (TDI)
Global Nitric Acid Market by End-User
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 5 regional and 20 leading national markets:
• North America Nitric Acid Market Outlook
o U.S. Nitric Acid Market Forecast & COVID Impact Analysis
o Canada Nitric Acid Market Forecast & COVID Impact Analysis
• Europe Nitric Acid Market Outlook
o Germany Nitric Acid Market Forecast & COVID Impact Analysis
o France Nitric Acid Market Forecast & COVID Impact Analysis
o United Kingdom Nitric Acid Market Forecast & COVID Impact Analysis
o Italy Nitric Acid Market Forecast & COVID Impact Analysis
o Spain Nitric Acid Market Forecast & COVID Impact Analysis
o Rest of Europe Market Forecast & COVID Impact Analysis
• Asia Pacific Nitric Acid Market Outlook
o China Nitric Acid Market Forecast & COVID Impact Analysis
o Japan Nitric Acid Market Forecast & COVID Impact Analysis
o India Nitric Acid Market Forecast & COVID Impact Analysis
o Australia Nitric Acid Market Forecast & COVID Impact Analysis
o South Korea Nitric Acid Market Forecast & COVID Impact Analysis
o Rest of Asia Pacific Market Forecast & COVID Impact Analysis
• Latin America Nitric Acid Market Outlook Market Forecast & COVID Impact Analysis
o Brazil Nitric Acid Market Forecast & COVID Impact Analysis
o Mexico Nitric Acid Market Forecast & COVID Impact Analysis
o Argentina Nitric Acid Market Forecast & COVID Impact Analysis
o Rest of Latin America Market Forecast & COVID Impact Analysis
• Middle East and Africa Nitric Acid Market Outlook
o Turkey Nitric Acid Market Forecast & COVID Impact Analysis
o Saudi Arabia Nitric Acid Market Forecast & COVID Impact Analysis
o South Africa Nitric Acid Market Forecast & COVID Impact Analysis
o UAE Nitric Acid Market Forecast & COVID Impact Analysis
o Egypt Nitric Acid Market Forecast & COVID Impact Analysis
o Rest of Middle East and Africa
The report also includes profiles and for some of the leading companies in the Nitric Acid Market, with a focus on this segment of these companies’ operations.
Leading companies and the potential for market growth
Apache Nitrogen Products Inc.
The Dow Chemical Company
Rashtriya Chemicals & Fertilizers Ltd (RCF)
Angus Chemical Company
Overall world revenue for Nitric Acid Market will surpass $x million in 2020, our work calculates. We predict strong revenue growth through to 2031. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How the Nitric Acid Market report helps you
In summary, our 300+ page report provides you with the following knowledge:
• What can be the best investment options for new product and service lines?
• In order to make new research and development funding, what value proposals should businesses target?
• Which rules will enhance the supply chain network for stakeholders?
• In which regions in certain segments the demand may mature in the near future?
• What are some of the best cost optimization strategies with suppliers with which some well-trained players succeed?
• What are the key prospects for moving companies into a new growth path? C-suite?
• What regulations in government could challenge the status of key regional markets?
• How will the emerging political and economic scenario affect chances in key fields of growth?
• In different segments, what are the value-taking opportunities?
• How are new players on the market going to prevent entry?
• Revenue forecasts to 2031 for Nitric Acid Market, with forecasts for Type, Application, End-User, each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues
• Revenue forecasts to 2031 for 5 regional and 20 key national markets – See forecasts for the Nitric Acid market in North America, Europe, Asia-Pacific and LAMEA. Also forecasted is the market in the US, Canada, Argentina, Brazil, Germany, France, UK, Italy, Spain, China, India, Japan, and Australia among other prominent economies.
• Prospects for established firms and those seeking to enter the market– including company profiles for 10 of the major companies involved in the Nitric Acid Market.
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Buy our report today Nitric Acid Market Report to 2031: By Type (Strong Nitric Acid, Fuming Nitric Acid, Other Type) By Application (Ammonium Nitrate, Adipic Acid, Toluene di-isocyanate (TDI), Nitrobenzene, Nitrochlorobenzene, Others Application) By End-Users (Fertilizers, Explosives, Chemical Intermediates, Others End-User) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country. Avoid missing out by staying informed – order our report now.
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