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Nitric Acid Market to Witness Robust Expansion Throughout the Forecast Period 2019 – 2029

The nitric acid market value exceeded a staggering US$ 17.4 Bn in 2018 on the back of strong demand from agrochemical industry. The market is set to expand at a CAGR of 3% through the course of forecast period 2019-2029

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Nitric Acid Market to Witness Robust Expansion Throughout the Forecast Period 2019 – 2029

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  1. Innovation to Drive Nitric Acid Market Throughout the forecast Period 2019 - 2029 March 2020 Report Id : REP-GB-11098 Published On : 27 Feb, 2020 Category : Chemicals and Materials www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Social Media Research Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Nitric Acid Market Global nitric acid market value exceeded US$ 17 Bn in 2019. Augmented demand in the agrochemical industry is a key contributor to this growth. Adoption of ammonium nitrate based fertilizers has gained substantial momentum across developing countries, which would be a prime booster to the growth of nitric acid market, says a new Future Market Insights (FMI) report. “Major players in global nitric acid market seek expansion of their operational footprint in developing regions to fortify their competitive advantage,” forecasts the FMI report. Key Takeaways of Nitric Acid Market Study • Combinations of nitric acid with adipic acid for automotive composites continues to capture a leading market share. • Nitric acid consumption for agrochemical applications will be substantial in developing nations. • Increasing production of toluene diisocyanate for polyurethane foams will propel demand for nitric acid through 2029. • Europe will generate highly lucrative opportunities in global nitric acid market. • The profit pool is largely concentrated in the fertilizer industry. Nitric Acid Market – Top Growth Drivers • Concentration of major manufacturers in developed countries such as Germany continues to drive growth. • Rising applications of etching and photoengraving in steel products offer an impetus to market growth. • Nitric acid is rapidly gaining traction in the production of perfumes, acids, and dyes, thereby assisting market growth. • Metallurgical and pharmaceutical applications are generating an upward growth trend. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Nitric Acid Market Nitric Acid Market – Key Restraints Concerns over environmental and health risks associated with the use of ammonium nitrate continue to hamper the demand for nitric acid. Competitive Landscape Some of the key market players profiled in the report include, but are not limited to, The Chemours Company, Agrium Inc., Dyno Nobel, LSB Industries, National Chemical Group, CF Industries, Koch Fertilizers, Eurochem Group, OCI Nitrogen, and Potash Corp. Redesigning distribution and manufacturing networks is a key developmental strategy being adopted by leading market players. Reduced operational costs and enhanced flexibility will remain the priorities of prominent market players. Source release/2020/03/06/1996499/0/en/Nitric-Acid-Market-Valuation-Surpassed-US-17-Bn-in-2019- Opportunities-Abound-in-Fertilizer-and-Chemical-Applications-Reports-Future-Market-Insights.html of Press Release @ https://www.globenewswire.com/news- www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Nitric Acid Market About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates Click here to Order a free sample MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

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