Global Nitric Acid Market Forecast 2011 - 2025 brochure

G l o b a l N i t r i c Ac i d M a r ke t By P l a n t Ty p e, By S a l e s C h a n n e l , By E n d U s e, By Re g i o n , C o m p e t i t i o n

Fo re c a s t & O p p o r t u n i t i e s , 2 0 1 1 - 2 0 2 5

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

T a b l e o f C o n t e n t s

© TechSci Research

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1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Nitric Acid Market Outlook

4.1. Global Nitric Acid Production Outlook

4.2. Market Size & Forecast (Forecast Until 2025)

4.2.1. By Volume

4.2.2. By Value

4.3. Market Share & Forecast

4.3.1. By Plant Type (Mono Pressure & Dual Pressure)

4.3.2. By Sales Channel (Direct & Indirect)

4.3.3. By End Use (AN & CAN, Nitrobenzene, TDI, TNT, Adipic Acid, & Others)

4.3.4. By Company

4.3.5. By Region

4.4. Global Nitric Acid Market Attractiveness Index & BPS Analysis

5. Europe Nitric Acid Market Outlook

5.1. Europe Nitric Acid Production Outlook – By Leading Company & Country


5.2.1. By Volume

5.2.2. By Value



5.3.2. By Country


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5.4. Europe Nitric Acid Market Country Analysis (For Leading Four Countries)

5.4.1. Russia Nitric Acid Market Outlook

5.4.1.1. Market Size & Forecast (Forecast Until 2025)

5.4.1.1.1 By Value & Volume

5.4.1.2. Market Share & Forecast (Forecast Until 2025)

5.4.1.2.1 By End Use (AN & CAN, Nitrobenzene, TDI, & Others)

5.4.2. Poland Nitric Acid Market Outlook




5.4.2.2.1 By End Use (AN & CAN, Nitrobenzene, TDI, TNT, Adipic Acid, & Others)

5.4.3. Romania Nitric Acid Market Outlook





5.4.3. Germany Nitric Acid Market Outlook





5.5. Europe Nitric Acid Market Attractiveness Index & BPS Analysis

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6. Asia-Pacific Nitric Acid Market Outlook

6.1. Asia-Pacific Nitric Acid Production Outlook – By Leading Company & Country


6.2.1. By Volume

6.2.2. By Value


6.3.1. By End Use (AN & CAN, Nitrobenzene, Adipic Acid, & Others)

6.3.2. By Country

6.4. Asia-Pacific Nitric Acid Market Country Analysis (For Leading Four Countries)

6.4.1. China Nitric Acid Market Outlook


6.4.1.1.1. By Value & Volume


6.4.1.1.2. By End Use (AN & CAN, Nitrobenzene, Adipic Acid, & Others)

6.4.2. India Nitric Acid Market Outlook




6.4.2.1.1 By End Use (AN & CAN, Nitrobenzene, Adipic Acid, & Others)

6.4.3. Japan Nitric Acid Market Outlook





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6.5. Asia-Pacific Nitric Acid Market Attractiveness Index & BPS Analysis

7. North America Nitric Acid Market Outlook

7.1. North America Nitric Acid Production Outlook – By Leading Company & Country


7.2.1. By Volume

7.2.2. By Value



7.3.2. By Country

7.4. North America Nitric Acid Market Country Analysis (For Leading Four Countries)

7.4.1. United States Nitric Acid Market Outlook




7.4.1.2.2. By End Use (AN & CAN, Nitrobenzene, TDI, TNT, Adipic Acid, & Others)

7.4.2. Canada Nitric Acid Market Outlook





7.4.3. Trinidad and Tobago Nitric Acid Market Outlook


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7.4.4. Mexico Nitric Acid Market Outlook




7.4.4.2.1 By End Use (AN & CAN, Nitrobenzene, Adipic Acid, & Others)

7.5. North America Nitric Acid Market Attractiveness Index & BPS Analysis

8. Middle East & Africa Nitric Acid Market Outlook

8.1. Middle East & Africa Nitric Acid Production Outlook – By Leading Company & Country


8.2.1. By Volume

8.2.2. By Value


8.3.1. By End Use (AN & CAN, Nitrobenzene, & Others)

8.3.2. By Country

8.4. Middle East and Africa Nitric Acid Market Country Analysis (For Leading Three Countries)

8.4.1. Egypt Nitric Acid Market Outlook




8.4.1.2.1 By End Use (AN & CAN, Nitrobenzene, & Others)

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8.4.2. Turkey Nitric Acid Market Outlook




8.4.2.1.1. By End Use (AN & CAN, Nitrobenzene, & Others)

8.4.2. Tunisia Nitric Acid Market Outlook




8.4.2.1.1. By End Use (AN & CAN, Nitrobenzene, & Others)

8.5. Middle East & Africa Nitric Acid Market Attractiveness Index & BPS Analysis

9. South America Nitric Acid Market Outlook

9.1. South America Nitric Acid Production Outlook – By Leading Company & Country


9.2.1. By Volume

9.2.2. By Value


9.3.1. By End Use (AN & CAN, Nitrobenzene, TDI, Adipic Acid, & Others)

9.3.2. By Country

9.4. South America Nitric Acid Market Country Analysis (For Leading Three Countries)

9.4.1. Brazil Nitric Acid Market Outlook



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9.4.2.1.1. By End Use (AN & CAN, Nitrobenzene, TDI, Adipic Acid, & Others)

9.4.2. Colombia Nitric Acid Market Outlook





9.4.3. Chile Nitric Acid Market Outlook





9.5. South America Nitric Acid Market Attractiveness Index & BPS Analysis

10 List of Technology Licensors/Contractors

11. Pricing Analysis

12. Value Chain Analysis

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends & Developments

14.1. Reduction of Nitrogen Oxide Emissions

14.2. Rising Use in Nanotechnology Applications

14.3. Recovery of Noble Metals

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14.4. Increasing Application of Nitric Acid in Wet Acid Digestion for Wastewater Treatment

14.5. Rising Popularity of ‘’Clean in Place’’ Concept

14.6. Potential Detection Tool Against Narcotics

14.7. Relocation of Production facilities from Western Countries to Asia-Pacific

14.8. Production Capacity Expansions

15. Competitive Landscape

15.1. Yara International ASA

15.2. CF Industries Holdings, Inc.

15.3. BASF SE

15.4. LSB Industries Inc.

15.5. Groupo Fertiberia

15.6. J R Simplot

15.7. Agrium Inc.

15.8. Omnia Holdings

15.9. Bagfas Bandirma Gubre Fabrikalari A.S.

15.10. Rashtriya Chemicals and Fertilizers Ltd.

15.11. ENAEX SE

15.12. Potash Corporation of Saskatchewan Inc.

15.13. Sasol Limited

15.14. SKW Stickstoffwerke Piesteritz GmbH(AGROFERT, a.s.)

15.15. Borealis AG

15.16. CVR Partners, LP (Rentech, Inc.)


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15.17. Ube Industries Limited

15.18. Grupa Azoty S.A.

15.19. Deepak Fertilisers and Petrochemicals Corporation Limited

15.20. Apache Nitrogen Products, Inc.

16. Strategic Recommendations

17. Annexure

18. About Us & Disclaimer

P r o d u c t O v e r v i e w

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© TechSci Research

Nitric acid, also known as Aqua Fortis, is a colorless

liquid. It is used in production of inorganic and

organic nitrates and nitro compounds for fertilizers,

dye intermediates and explosives. The principle

chemical produced from nitric acid is ammonium

nitrate.

Nitric acid is a strong acid that decomposes in the

presence of light into water and nitrogen dioxide and

oxygen.

Nitric acid is produced by catalytic oxidation of

ammonia. Nitric acid is continuously oxidized to nitric

oxide by air or oxygen, in presence of platinum

gauze, which acts as a catalyst in the reaction. The

reaction is as follows:

3NO2 + H2O 2HNO3 + NO

Majority of nitric acid sold commercially has a

concentration of 68% in water.

Properties

Formula HNO3

Molar Mass 63.01 g/mole

IUPAC Name Nitric Acid

Boiling Point -42 °C (176.2 °F; 353.2 K)

Melting Point 5.53 °C (41.95 °F; 278.68 K)

Density 1.51 g/cm3

Nitric Acid Properties

P r o d u c t O v e r v i e w

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© TechSci Research

Global Nitric Acid Market

By Application By Plant Type By RegionBy Sales Channel

By Company

Mono Pressure Dual Pressure

2

Ammonium Nitrate & Calcium Ammonium Nitrate

Nitrobenzene TDI Adipic Acid TNT

13

Asia-Pacific Europe North America Middle East &

Africa South America

4

Direct Indirect

13

Baseline Methodology :

For the study, TechSci Research has gathered information through primary research surveys with more than 50

respondents across the globe, followed by external validation of the information by end user industries. We also

gathered insights through exhaustive search of credible paid databases and our internal database. Our team of

analysts has then prudently evaluated all the collected information and presented them in chronological order to

depict a meaningful and clear picture of the global nitric acid market.

While compiling data, we have also cross-checked all collected information from multiple sources and data

warehouses, so as to present accurate and precise information of the concerned industry. For the purpose of

calculating market share of competitors, revenues of companies have been scrutinized. The same information has

then been verified through primary research surveys with competitors to arrive at logical figures.

Sources: Company Websites, Annual Reports, International Trade Council (ITC)

Companies Interviewed

BASF SE, Bagfas Bandirma Gubre Fabrikalari A.S., Rashtriya Chemicals and Fertilizers Ltd., Omnia Holdings, CF Industries Holdings, Inc., LSB Industries Inc.

R e s e a r c h M e t h o d o l o g y

© TechSci Research

I n d u s t r y B r i e f

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Nitric Acid Market to Grow at a CAGR of over 6% through 2025

According to TechSci Research report “Global Nitric Acid Market By Plant Type, By Sales Channel, By End Use, By Region,Competition Forecast & Opportunities, 2011 - 2025”, global nitric acid market is projected to grow at a CAGR of over 6% during2016-2025 due to increasing demand for production of inorganic and organic nitrates and nitro compounds for fertilizers, dyeintermediates, explosives, etc. Europe is the largest consumer of nitric acid in the world, owing to high ammonium nitrateproduction in the region. Additionally, rapid urbanization and industrialization in European countries is generating increaseddemand for nitric acid.

According to the FAO, demand for fertilizers in Europe grew from 23,035 thousand tons in 2011 to 24,858 thousand tons by 2016,at a CAGR of 1.5% during 2011-2016. Moreover, Asia-Pacific is projected to emerge as the fastest growing global nitric acidmarket over the next five years, on account rising demand from emerging economies such as India and China.

Leading global nitric acid manufacturers are expanding their production base in different countries through mergers andacquisitions in order to capture the growing demand in different regions. Fertilizer production is the major end user sector fornitric acid across the globe and this is increasing ammonium nitrate production for manufacturing fertilizers. Rising demand forfertilizers across the globe is anticipated to boost production of ammonium nitrate and calcium ammonium nitrate. This isanticipated to drive global nitric acid market in the coming years. Other major applications of nitric acid include adipic acid, TNT,TDI, nitrobenzene and others. Few of the leading players operating in global nitric acid market include LSB Industries, YaraInternational, CF Industries, Deepak Fertilisers, Petrochemicals Corporation Limited, Agrium Inc., Potash Corp, Eurochem AG andothers.

“Non fertilizer applications are projected to drive robust growth in global nitric acid market. Rising penetration of nitric acid inniche applications such as explosives and pharmaceuticals is catalyzing demand for nitric acid from the non fertilizer segment.Burgeoning demand for industrial explosives and blasting agents is projected to generate high demand for ammonium nitrateand nitric acid across the globe. Further, increasing mining activities across the globe is also projected to augur well for globalnitric acid demand.”, said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global managementconsulting firm.

https://www.techsciresearch.com/report/global-nitric-acid-market-forecast-opportunities-2021/647.html

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S a m p l e D a t a - S n a p s h o t

Global Nitric Acid Production Outlook,

2016E-2025F (Million Tons)

40 41 42 43 44 45 46 47 48 4950 51 52 53 54 55 56 57 58 59

70% 70% 70% 70% 70% 70% 70% 70% 70% 70%

68.00%

73.00%

78.00%

83.00%

-15.00

35.00

85.00

135.00

2016E 2017F 2018F 2019F 2020F 2021F 2022F 2023F 2024F 2025F

Installed Capacity Actual Production

Global Nitric Acid Market Y-o-Y Growth Rate, By End

Use, By Volume, 2012-2025F

2012 2013 2014 20152016

E2017

F2018

F2019

F2020

F2021

F2022

F2023

F2024

F2025

F

AN & CAN 1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%1.00%

Nitrobenzene 2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%2.00%

TDI 3.00%3.00%3.00%3.00%3.00%3.00%3.00%3.00%3.00%3.00%3.00%3.00%3.00%3.00%

Adipic Acid 4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%4.00%

TNT 5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%

Others 6.00%6.00%6.00%6.00%6.00%6.00%6.00%6.00%6.00%6.00%6.00%6.00%6.00%6.00%

-3.00%-1.00%1.00%3.00%5.00%7.00%9.00%

Global Nitric Acid Market Size, By

Value, 2011-2025F (USD Million)

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

0% 0% 0% 0%

1%

1% 1% 1% 1% 1% 1% 1% 1% 1% 2%

0.1%

1.1%

2.1%

3.1%

0

10

20

30

40

20

21

22

23

24

25

26

27

28

29

30

Austria

Hungary

Bulgaria

Serbia

France

Lithuania

Romania

United Kingdom

Poland

Ukraine

Russia

Europe Ammonium Nitrate

Production, By Country, By Volume,

2015 (Tons)

South America

Global Nitric Acid Market Attractiveness

Index, By Region, By Volume, 2015-2025F

Europe

Asia-Pacific

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

0.00 1.00 2.00 3.00 4.00 5.00 6.00

Middle East and Africa

North America

Global Nitric Acid Market Share & BPS Analysis, By

End Use, By Volume, 2011 & 2025F

5% 5%10% 10%

15% 15%

20% 20%

25% 25%

30% 30%

2011 2025F

AN and CAN Nitrobenzene TDI

Russia Nitric Acid Market Size, By Volume, 2011-2025F

(Million Tons)

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34

0% 0% 0% 0%

1%

1% 1% 1% 1% 1% 1% 1% 1% 1% 2%

0.1%

1.1%

2.1%

3.1%

0

10

20

30

40

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F 2022F 2023F 2024F 2025F

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End Use, By Region, Competition Forecast & Opportunities, 2011 - 2025

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness ofany information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially statesthat it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts,can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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Global Nitric Acid Market Forecast 2011 - 2025 brochure

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