© 2016 Global Market Insights. All Rights Reserved Nitric Acid Market ( ) Forecasts on Regional Growth, Industry Players and More Nitric Acid Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

© 2016 Global Market Insights. All Rights Reserved Nitric Acid Market is expected to observe a surge in demand due to growing application in production of various chemicals including calcium ammonium nitrate, ammonium nitrate, toluene di isocyanate, adipic solutions and nitrobenzene, especially used in fertilizers, pharmaceuticals, polyurethanes and other end use industries. In addition, rising need in various chemical industries including elastomers, polyurethane foams and coatings coupled with elastomers, foam plastics, floor & wood finishes, polyurethane foam coated fabrics and different insulation materials is anticipated to boost nitric acid market growth in the forecasted period. Rise in demand of ammonium nitrate fertilizers is expected to emerge as a vital growth factor in the nitric acid market. Escalating need for high crop yield to address the rising necessity for food items has provoked production synthetic fertilizers over the past few years. Substantial support of government policies and high availability of cultivational land have positively impacted extension of agricultural sector around the world. Global Market Scenario of Nitric Acid

Market Research Reports: Key Analytical Components

© 2016 Global Market Insights. All Rights Reserved Product Analysis:- Nitric acid market is majorly driven by fertilizer industry. It is widely used in the production of two most agriculturally commercialized nitrate including calcium ammonium nitrate and ammonium nitrate which are majorly used as fertilizers in agriculture industry. Ammonium nitrate is further used in the production of urea ammonium nitrate (UAN) which is extensively used as fertilizer mixture and in explosives. Calcium ammonium nitrate is used producing of various fertilizers solutions. Adipic acid is one of the chief applications of the product during several production processes. It is used for producing nylon 6,6, which has numerous end use applications in textiles, automotive and tire industry. In automotive, nylon 6,6 is applied as a substitute to heavy metals to reduce the overall weight of various vehicles and further reducing carbon emissions. Regional Trends:- Europe is the leading consumer in global nitric acid market owing to increasing demand from fertilizers and explosives industry. Some of the major product consuming countries in the region are Germany, Poland, Slovakia, and the Netherlands. Asia Pacific is the fastest growing region is nitric acid market due to its agricultural bases economies and high need of ammonium nitrate fertilizers. China dominates the region with highest product demand. Followed by India, Taiwan and Japan are expected to showcase positive outlook for the industry growth.

© 2016 Global Market Insights. All Rights Reserved Competitive Trends: Some of the key nitric acid market players include CF Industries, BASF, Energy & Fertilizers, Orica, DuPont, Agrium, LSB Industries, Incitec Pivot and LyondellBasell. Some of the other prominent players are Dyno Nobel, Apache Nitrogen Products, Rentech, AkzoNobel, Rashtriya Chemicals & Fertilizers, Ixom, Simplot, Sasol, Wesfarmers Chemicals, PVS Chemicals, Yara, PotashCorp, Acron, Deepak Fertilizer, EuroChem and Koch.

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