Dilute Nitric Acid Market Analysis by Size, Share, Growth, Trends, 2027

Growing Demand For Fertilizers For High Crop Yield Is One Of The Significant Factors Influencing The Market Growth.

Dilute Nitric Acid Market Growth, Business Opportunities, Share Value, Key Insights and Size estimation by 2027| Key Players: Basf Se, Linde Group, Yara International

Growing Demand For Fertilizers For High Crop Yield Is One Of The Significant Factors Influencing The Market Growth.

The global Dilute Nitric Acid Market is expected to reach USD 30.29 Billion by 2027, according to a new report by Reports and Data. Growing demand for fertilizers for high crop yield is one of the significant factors influencing the market growth. Fertilizers allow farmers to increase their crop yield by boosting the productivity of the agricultural land, as well as can make an otherwise less productive land produce substantial yields. Fertilizers are formulated to support the yield of certain plants by allowing the plants to easily absorb the essential macro and micronutrient. The worldwide demand for fertilizers has witnessed a decent pace of growth, with the demand being more than 138 million tons in the year 2000 and rose to around 210 million tons in the year 2019. Of the three major fertilizer types, the U.S imports over 50.0% of U.S. nitrogen-based fertilizer supplies, making it particularly important for U.S. crop production. The growing global population trend indicates a growing demand for food, which is likely to increase in the range of 59.0% to 98.0% by 2050, and in turn, would drive the demand for Dilute Nitric Acid for the production of fertilizers.

Adipic acid finds substantial application in the production of nylon-66/polyamides, which is deployed in the automotive industry for use in engine covers, air intake manifolds, tires, airbag containers, and headlamp covers, among various others interior and exterior automotive parts. An increasing emphasis on the reduction of vehicular weight to increase fuel-efficiency is expected to drive the demand for nylon in the upcoming years. Moreover, nylon is suitable for high-performance applications in automobiles, such as mechanical strength, wear abrasion, chemical temperature resistance, flexibility, moldability, and ease of processing. Thus, the increasing demand for nylon-66, in turn, would drive the growth of the adipic acid market.

Get A Sample Copy Of The Global Dilute Nitric Acid Market Report: https://www.reportsanddata.com/sample-enquiry-form/3088

Top Companies:  Basf Se, Linde Group, Yara International, Potash Corp., Cf Industries Holdings, Inc., Oci Nv, Lsb Industries, Ube Industries, Agrium Inc., And Dow Chemical Company, Among Others.

Further Key Findings From The Report Suggest

By Type, Concentrated Nitric Held A Larger Market Share In 2019 And Is Estimated To Grow At A Rate Of 2.9% In The Forecast Period. Concentrated Dilute Nitric Acid Is Used To Produce Ammonium Nitrate For Plastic Production, Fertilizers, And In The Making Of Dyes. Also, It Finds Usage In The Production Of Explosives, Including Tnt And Nitroglycerin. It Is Used In The Formulation Of Aquaregia That Can Dissolve Gold And Platinum.

By Application, Nitrobenzene Contributed To The Second-Largest Market Share In 2019 And Is Expected To Grow At A Rate Of 2.8% In The Forecast Period. A Significant Amount Of Nitrobenzene Produced In The U.S. Is Deployed In The Production Of Aniline. Also, Nitrobenzene Finds Usage In The Production Of Lubricating Oils, Including Those Applied In Motors And Machinery. Besides, A Smaller Portion Of Nitrobenzene Finds Application To Make Drugs, Pesticides, Dyes, And Synthetic Rubber.

By Distribution Channel, The Online Distribution Channel Is Projected To Grow At A Faster Rate Of 4.2% In The Period 2020-2027, As This Mode Of Distribution Has The Advantage Of Providing A Broader Exposure To The Product Produced By The Manufacturers, Especially With The Proliferation Of Smart Devices And Internet Connectivity.

Regional Outlook

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest Of Eu)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of Apac)
  • Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
  • The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest Of Mea)

To Know More About The Report: https://www.reportsanddata.com/report-detail/nitric-acid-market

Market Segmentation:

Type Outlook (Volume, Kilo Tons; 2017-2027, Revenue, Usd Million; 2017-2027)

  • Dilute Nitric Acid
  • Concentrated Nitric Acid

Application Outlook (Volume, Kilo Tons; 2017-2027, Revenue, Usd Million; 2017-2027)

  • Fertilizers
  • Adipic Acid
  • Nitrobenzene
  • Toluene Di-Isocyanate
  • Others

Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027, Revenue, Usd Million; 2017-2027)

  • Online
  • Offline

Request A Customization Of The Report: https://www.reportsanddata.com/request-customization-form/3088

Table Of Contents:

Report Overview

1.1 Research Scope

1.2 Key Dilute Nitric Acid Market Segments

1.3 Major Players

1.4 Market Analysis By Product Type

1.5 Market Analysis By Application

1.6 Report Timeline

Global Growth Trends

2.1 Global Dilute Nitric Acid Market Size

2.2 Latest Regional Market Trends

2.3 Emerging Growth Trends

Competitive Outlook

3.1 Global Dilute Nitric Acid Market Key Players

3.2 Global Dilute Nitric Acid Size By Manufacturers

3.3 Products Of Major Players

3.4 Entry Barriers In The Dilute Nitric Acid Market

3.5 Mergers, Acquisitions, Joint Ventures, And Other Strategic Alliances

Browse More Reports:

Ultra-Low Alpha Metal Market: https://www.reportsanddata.com/report-detail/ultra-low-alpha-metal-market

Carbon Felt and Graphite Felt Market: https://www.reportsanddata.com/report-detail/carbon-felt-and-graphite-felt-market

Carbon Nanotubes (CNTs) Market: https://www.reportsanddata.com/report-detail/carbon-nanotubes-market

About Us:
Reports And Data Is A Market Research And Consulting Company That Provides Syndicated Research Reports, Customized Research Reports, And Consulting Services. Our Solutions Purely Focus On Your Purpose To Locate, Target, And Analyse Consumer Behaviour Shifts Across Demographics, Across Industries, And Help Clients To Make Smarter Business Decisions. We Offer Market Intelligence Studies Ensuring Relevant And Fact-Based Research Across Multiple Industries, Including Healthcare, Touch Points, Chemicals, Products, And Energy. We Consistently Update Our Research Offerings To Ensure Our Clients Are Aware Of The Latest Trends Existent In The Market. Reports And Data Has A Strong Base Of Experienced Analysts From Varied Areas Of Expertise. Our Industry Experience And Ability To Develop A Concrete Solution To Any Research Problems Provides Our Clients With The Ability To Secure An Edge Over Their Respective Competitors.

Contact Us:

John W

Head Of Business Development

Reports And Data | Web: Www.Reportsanddata.Com

Direct Line: +1-212-710-1370

E-Mail: Sales@Reportsanddata.Com

Linkedin | Twitter | Blogs | Insights

Read The Innovative Blog At Https://Www.Reportsanddata.Com/Blogs

Check Out Our Upcoming Research Report At Https://Www.Reportsanddata.Com/Upcoming-Reports


shaw melody

162 Blog posts

Comments