Global Nitric Acid Market Outlook to 2026: Increasing Demand for Fertilizer Due to Growing Need for High Crop Yield as Population Growth Continues - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 6, 2021--
The “Global Nitric Acid Market Outlook to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global Nitric Acid Market is expected to witness a significant growth rate during the forecast period. Increasing fertilizer demand due to the rising need for high crop yield to address the increasing necessity of growing population is expected to be the significant driver of nitric acid market during the forecast period.
Furthermore, the rising consumption of nitric acid in chemicals like toluene di-isocyanate (TDI) and adipic acid is anticipated to drive the overall market growth during the forecast period. However, the presence of a large amount of nitric acid in chemical effluent released from plants is likely to cause contamination of soil and groundwater which is likely to hinder the global nitric acid market during the forecast period.
Asia-Pacific is expected to dominate the nitric acid market due to the continuous rising demand from end-user industries including chemical processing industries, fertilizers, pigments, and dyes, in countries like China and India. Furthermore, China has emerged as the biggest consumer and producer of fertilizer which is likely to drive the market during the forecast period.
The fertilizer industry producing ammonium nitrate and calcium nitrate fertilizers is one of the major consumers of nitric acid. Hence, for meeting the needs of the increasing global food demand, more land is required for cultivation, and hence, fertilizer demand is likely to increase with the global fertilizer industry during the forecast period.
The global nitric acid market is fragmented. Some of the key players in the market are BASF SE, Deepak Fertilisers and Petrochemicals Corporations Ltd., LSB Industries, and Nutrien Ltd., among others.
The Global Nitric Acid Market report provides deep insight into the current and future state of Global Nitric Acid Market across various regions. The study comprehensively analyzes the Global Nitric Acid Market by segmenting based on geography, by End-user Industry (Fertilizer, Aerospace, Inks, Pigments & Dyes, Explosives, Chemical Processing, and Others).
The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & include emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape section with profiles of major companies including their market shares and projects.
Key Topics Covered:
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
3.2 Market Dynamics
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter’s Five Forces Analysis
5. Market Segmentation & Forecast
5.1 By End-User Industries
5.1.3 Pigments & Dyes
5.1.6 Chemical Processing
6. Regional Market Analysis
6.1 North America
6.4 South America
6.5 Middle East & Africa
7. Key Company Profiles
7.2 BASF SE
7.3 BIP (Oldbury) Limited
7.4 CF Industries Holdings Inc.
7.5 China National Petroleum Corporation
7.7 Jiangsu sanmu group Co,Ltd.
7.8 Koch Fertilizer LLC
7.9 Nutrien Ltd
7.10 OCI Nitrogen
7.12 Qatar Fertiliser Company
7.15 Notore Chemical Industries Plc *List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/h3ip50
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
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PUB: 09/06/2021 08:41 AM/DISC: 09/06/2021 08:41 AM