Global Concentrated Nitric Acid Market 2018-2022 – Growing Demand from Major End-User Industries Driving the Market – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Global
Concentrated Nitric Acid Market 2018-2022" report has been
added to Research and Markets' offering.

The analysts forecast the global concentrated nitric acid market to grow
at a CAGR of 3.09% during the period 2018-2022.

The report covers the present scenario and the growth prospects of the
global concentrated nitric acid market for 2018-2022. To calculate the
market size, the report presents a detailed picture of the market by way
of study, synthesis, and summation of data from multiple sources.

One trend in the market is the growing economy in APAC. The economies of
APAC countries such as China, India, and others have been growing as per
the latest World Bank Group (WBG) data. Their GDP growth rate is
improving. These countries have vast geographical areas and a spiking
population rate, due to which there has been an increase in disposable
income per capita. For instance, according to the WBG data, the annual
GDP growth rate for India was 7.107% in 2016.

According to the report, one driver in the market is growing demand from
major end-user industries. The growing demand for concentrated nitric
acid from automotive, explosives, agrochemicals, and electrical and
electronics industries is driving the market. The automotive sector is
one of the major consumers of polyurethanes and nylon 66. The use of
nylon 6,6 has reduced the load-carrying capacity and stiffness in
automotive vehicles.

Polyurethane, on the other hand, is an elastomer used in flexible foam
seating, foam insulation panels, elastomeric wheels and tires, and hard
plastic parts. It is tough, flexible, and resistant to weather, ozone,
and radiation. Both nylon 66 and polyurethanes are manufactured by using
adipic acid as a raw material, which is, essentially derived from nitric
acid.

Key Vendors

• BASF
• DowDuPont
• Hanwha Group
• LSB Industries
• UBE Industries
• Yara

Other Prominent Vendors

• DFPCL
• Plinke
• ChemChina

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation by Application

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/qcnvrj/global?w=4

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Related
Topics: Surfactants,
Electronic
Chemicals, Solvents
, Feed
Additives