Concentrated Nitric Acid Market 2024 Key Players CF Industries, Agrium, National Chemical Group, Deepak Fertilizers & Petrochemicals, Yara International, Hanwha Corporation, Koch Fertilizers, LSB Industries
Strong application in chemicals industry owing to its usage in manufacturing of various polymers including, polyurethane and polyamides is anticipated to drive concentrated nitric acid market.
(EMAILWIRE.COM, August 21, 2018 ) Growing automotive industry will drive Concentrated Nitric Acid Market as it is utilized in manufacturing of light weight & strong body parts of vehicles. Rising demand for synthetic rubbers, elastomers and polyurethane foams in the automotive industry is anticipated to drive the product demand.
Concentrated Nitric Acid Market size will witness dynamic growth owing to robust growth in fertilizers industry. Rapid urbanization, population growth and decrease in arable land are the key reasons behind growing demand for fertilizers. Adverse climatic conditions and shortage of food crops are shifting focus towards fertilizers market.
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Concentrated nitric acid is used in production of various applications including, Toluene Diisocyanate (TDI), Trinitrotoluene (TNT), nitro chlorobenzene, ammonium nitrate, adipic and nitrobenzene. Around 72% of concentrated nitric acid is utilized in making of ammonium nitrate. Ammonium nitrate is the largest application segment as it can be directly used as fertilizer or acts as an intermediate for other fertilizers including, calcium and urea ammonium nitrate. It is available in liquid and solid form depending on concentration of ammonium nitrate in solution. Increasing demand for Ammonium Nitrate Fuel Oil (ANFO) for manufacturing civil explosives is projected to drive ammonium nitrate application segment during forecast period.
Toluene diisocyanate (TDI) segment will witness substantial growth as it uses the product for developing polyurethane foams, that are used in automotive, furniture, carpets and transportation, industriy.
The product is used in various end-use industries including, agrochemicals, explosives, automotive and electronics. Electronics end-user segment will foresee substantial growth owing to huge domestic demand for the products that is attributed to multitude of factors, including growth in middle class and rising disposable incomes.
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Europe concentrated nitric acid market is one of the leading consumers of product due to growth in fertilizer and explosives industry. Western and eastern Europe accounted for largest demand while central Europe is projected to provide better opportunity.
Global concentrated nitric acid marketplace is moderately consolidated with the presence of few companies holding a large market share. Some of the major companies for concentrated nitric acid market are CF Industries, Agrium, National Chemical Group, Deepak Fertilizers & Petrochemicals, Yara International, Hanwha Corporation, Koch Fertilizers, LSB Industries, Shandong Feng yuan Chemical Stock, and Ube Industries.
Concentrated Nitric Acid Market size will witness dynamic growth owing to robust growth in fertilizers industry. Rapid urbanization, population growth and decrease in arable land are the key reasons behind growing demand for fertilizers. Adverse climatic conditions and shortage of food crops are shifting focus towards fertilizers market.
Request for table of contents of this report @ https://www.gminsights.com/request-toc/upcoming/2090
Concentrated nitric acid is used in production of various applications including, Toluene Diisocyanate (TDI), Trinitrotoluene (TNT), nitro chlorobenzene, ammonium nitrate, adipic and nitrobenzene. Around 72% of concentrated nitric acid is utilized in making of ammonium nitrate. Ammonium nitrate is the largest application segment as it can be directly used as fertilizer or acts as an intermediate for other fertilizers including, calcium and urea ammonium nitrate. It is available in liquid and solid form depending on concentration of ammonium nitrate in solution. Increasing demand for Ammonium Nitrate Fuel Oil (ANFO) for manufacturing civil explosives is projected to drive ammonium nitrate application segment during forecast period.
Toluene diisocyanate (TDI) segment will witness substantial growth as it uses the product for developing polyurethane foams, that are used in automotive, furniture, carpets and transportation, industriy.
The product is used in various end-use industries including, agrochemicals, explosives, automotive and electronics. Electronics end-user segment will foresee substantial growth owing to huge domestic demand for the products that is attributed to multitude of factors, including growth in middle class and rising disposable incomes.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2090
Europe concentrated nitric acid market is one of the leading consumers of product due to growth in fertilizer and explosives industry. Western and eastern Europe accounted for largest demand while central Europe is projected to provide better opportunity.
Global concentrated nitric acid marketplace is moderately consolidated with the presence of few companies holding a large market share. Some of the major companies for concentrated nitric acid market are CF Industries, Agrium, National Chemical Group, Deepak Fertilizers & Petrochemicals, Yara International, Hanwha Corporation, Koch Fertilizers, LSB Industries, Shandong Feng yuan Chemical Stock, and Ube Industries.
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Arun Hegde
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results