Industrial Nitric Acid Market By Product And Application - Global Industry Analysis And Forecast To 2023

Published On : June 2022 Pages : 190 Category: Agrochemicals & Fertilizers Report Code : CM06952

Industry Outlook and Trend Analysis

The Industrial Nitric Acid Market has encountered significant development in the recent years and is anticipated to grow tremendously over the forecast period. Nitric acid (HNO3) also known as soul of niter, is an exceedingly corrosive mineral acid. The unadulterated compound is colourless, yet older samples have a tendency to get a yellow cast because of disintegration into oxides of nitrogen and water. Nitric acid is the essential reagent used for nitration – the addition of a nitro group, commonly to an organic molecule. While some subsequent nitro compounds are stun and thermally-sensitive explosives, a couple are sufficiently steady to be used as a part of demolition and munitions, while others are still more steady and used as colours in inks and colours. Nitric acid is generally used as a strong oxidizing agent.

Drivers and Restraints

Expanding usage of the product in the fertilizer and chemical ventures is probably going to boost market development. Surging demand for ammonium nitrate as compost in the agriculture business is additionally assessed to drive the market. The market is expected to witness substantial development over the estimate time frame attributable to across the board usage of nitric acid in the synthetic and compost enterprises.  Developing requirement for high return keeping in mind the end goal to meet expanding populace demands is prompting increment in the usage of manures, which is ready to impact the market positively.

Market Segmentation

The Industrial Nitric Acid Market is segmented on the basis of product and application. Based on product the market is segmented into concentrated nitric acid and dilute nitric acid. Based application the market is segmented into explosives, polyamides, fertilizer, polyurethanes and other applications out of which fertilizers ruled the global market and represented over 80.0% of the overall market in 2017. The segment is anticipated to continue its dominance over the forecast years.

Regional Outlook and Trend Analysis

Europe and China were the biggest consumers of Industrial nitric acid in 2017 and represented more than 60.0% of the worldwide consumption. Presence of vast industrial and agricultural market in Asia Pacific is anticipated to be a key factor in charge of the high development of the worldwide industrial nitric acid market.  Additionally, stringent controls in locales including North America and Europe with respect to the usage of ammonium nitrate-based manures are probably going to move the demand to nations in the APAC area.

Competitive Insights

The leading players in the market are Agrium, Sasol, ANGUS Chemical Co, BASF, Dyno Nobel, Omnia Holdings, E. I. du Pont de Nemours and Company, Cherokee Nitrogen L.L.C, Apache Nitrogen Products Inc, CF Industries, Rashtriya Chemicals & Fertilizers and Dow Chemical Company. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Industrial Nitric Acid Market is segmented as follows-

By Product:

  • Concentrated nitric acid
  • Dilute nitric acid

By Application:

  • Explosives
  • Polyamides
  • Fertilizer
  • Polyurethanes
  • Other applications

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Columbia
    • South Africa
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of MEA

Some of the key questions answered by the report are:

  • What was the market size in 2017 and forecast from 2017 to 2023?
  • What will be the industry market growth from 2017 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

·         Industrial Nitric Acid Market, By Product, Estimates and Forecast, 2014-2023 ($Million)

·         Dilute nitric acid

·         Concentrated nitric acid

·         Industrial Nitric Acid Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         Fertilizer

·         Explosives

·         Polyurethanes

·         Polyamides

·         Other Applications

·         Industrial Nitric Acid Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Industrial Nitric Acid Market, By Country

o    U.S. Industrial Nitric Acid Market

o    Canada Industrial Nitric Acid Market

o    Mexico Industrial Nitric Acid Market

·         Europe

§  Europe Industrial Nitric Acid Market, By Country

o    Germany Industrial Nitric Acid Market

o    UK Industrial Nitric Acid Market

o    France Industrial Nitric Acid Market

o    Russia Industrial Nitric Acid Market

o    Italy Industrial Nitric Acid Market

o    Rest of Europe Industrial Nitric Acid Market

·         Asia-Pacific

§  Asia-Pacific Industrial Nitric Acid Market, By Country

o    China Industrial Nitric Acid Market

o    Japan Industrial Nitric Acid Market

o    South Korea Industrial Nitric Acid Market

o    India Industrial Nitric Acid Market

o    Southeast Asia Industrial Nitric Acid Market

o    Rest of Asia-Pacific Industrial Nitric Acid Market

·         South America

§  South America Industrial Nitric Acid Market

o    Brazil Industrial Nitric Acid Market

o    Argentina Industrial Nitric Acid Market

o    Columbia Industrial Nitric Acid Market

o    South Africa Industrial Nitric Acid Market

o    Rest of South America Industrial Nitric Acid Market

·         Middle East and Africa

§  Middle East and Africa Industrial Nitric Acid Market

o    Saudi Arabia Industrial Nitric Acid Market

o    UAE Industrial Nitric Acid Market

o    Egypt Industrial Nitric Acid Market

o    Nigeria Industrial Nitric Acid Market

o    South Africa Industrial Nitric Acid Market

o    Rest of MEA Industrial Nitric Acid Market

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.2.  Restraints

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Market Analysis by Regions

4.1.       North America (United States, Canada and Mexico)

4.1.1.  United States Market States and Outlook (2017-2023)

4.1.2.  Canada Market States and Outlook (2017-2023)

4.1.3.  Mexico Market States and Outlook (2017-2023)

4.2.       Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1.  Germany Market States and Outlook (2017-2023)

4.2.2.  France Market States and Outlook (2017-2023)

4.2.3.  UK Market States and Outlook (2017-2023)

4.2.4.  Russia Market States and Outlook (2017-2023)

4.2.5.  Italy Market States and Outlook (2017-2023)

4.2.6.  Rest of Europe Market States and Outlook (2017-2023)

4.3.       Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

4.3.1.  China Market States and Outlook (2017-2023)

4.3.2.  Japan Market States and Outlook (2017-2023)

4.3.3.  Korea Market States and Outlook (2017-2023)

4.3.4.  India Market States and Outlook (2017-2023)

4.3.5.  Rest of Asia-Pacific Market States and Outlook (2017-2023)

4.4.       South America (Brazil, Argentina, Columbia and Rest of South America)

4.4.1.  Brazil Market States and Outlook (2017-2023)

4.4.2.  Argentina Market States and Outlook (2017-2023)

4.4.3.  Columbia Market States and Outlook (2017-2023)

4.4.4.  Rest of South America Market States and Outlook (2017-2023)

4.5.       Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

4.5.1.  Saudi Arabia Market States and Outlook (2017-2023)

4.5.2.  UAE Market States and Outlook (2017-2023)

4.5.3.  Egypt Market States and Outlook (2017-2023)

4.5.4.  Nigeria Market States and Outlook (2017-2023)

4.5.5.  South Africa Market States and Outlook (2017-2023)

4.5.6.  Rest of MEA Market States and Outlook (2017-2023)

5.       Industrial Nitric Acid Market, By Product

5.1.       Introduction

5.2.       Global Industrial Nitric Acid Sales, Revenue and Market Share by Product (2017-2027)

5.2.1.  Global Industrial Nitric Acid Sales and Sales Share by Product (2017-2027)

5.2.2.  Global Industrial Nitric Acid Revenue and Revenue Share by Product (2017-2027)

5.3.       Dilute Nitric Acid

5.3.1.  Global Dilute Nitric Acid Sales and Growth Rate (2017-2027)

5.4.       Concentrated Nitric Acid

5.4.1.  Global Concentrated Nitric Acid Sales and Growth Rate (2017-2027)

6.       Industrial Nitric Acid Market, By Application

6.1.       Introduction

6.2.       Global Industrial Nitric Acid Sales, Revenue and Market Share by Application (2017-2027)

6.2.1.  Global Industrial Nitric Acid Sales and Sales Share by Application (2017-2027)

6.2.2.  Global Industrial Nitric Acid Revenue and Revenue Share by Application (2017-2027)

6.3.       Fertilizer

6.3.1.  Global Fertilizer Sales and Growth Rate (2017-2027)

6.4.       Explosives

6.4.1.  Global Explosives Sales and Growth Rate (2017-2027)

6.5.       Polyurethanes

6.5.1.  Global Polyurethanes Sales and Growth Rate (2017-2027)

6.6.       Polyamides

6.6.1.  Global Polyamides Sales and Growth Rate (2017-2027)

6.7.       Other Applications

6.7.1.  Global Other Applications Sales and Growth Rate (2017-2027)

7.       Industrial Nitric Acid Market, By Region

7.1.       Introduction

7.2.       Global Industrial Nitric Acid Sales, Revenue and Market Share by Regions

7.2.1.  Global Industrial Nitric Acid Sales by Regions (2017-2027)

7.2.2.  Global Industrial Nitric Acid Revenue by Regions (2017-2027)

7.3.       North America Industrial Nitric Acid by Countries

7.3.1.  North America Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.3.2.  North America Industrial Nitric Acid Revenue and Growth Rate (2017-2027)

7.3.3.  North America Industrial Nitric Acid Sales by Countries (2017-2027)

7.3.4.  North America Industrial Nitric Acid Revenue (Million USD) by Countries (2017-2027)

7.3.5.  U.S.

7.3.5.1.    United States Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.3.5.2.    United States Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.3.6.  Canada

7.3.6.1.    Canada Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.3.6.2.    Canada Industrial Nitric Acid Sales (Millions USD) and Growth Rate (2017-2027)

7.3.7.  Mexico

7.3.7.1.    Mexico Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.3.7.2.    Mexico Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.       Europe Industrial Nitric Acid by Countries

7.4.1.  Europe Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.4.2.  Europe Industrial Nitric Acid Revenue and Growth Rate (2017-2027)

7.4.3.  Europe Industrial Nitric Acid Sales by Countries (2017-2027)

7.4.4.  Europe Industrial Nitric Acid Revenue (Million USD) by Countries (2017-2027)

7.4.5.  Germany

7.4.5.1.    Germany Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.4.5.2.    Germany Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.6.  UK

7.4.6.1.    UK Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.4.6.2.    UK Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.7.  France

7.4.7.1.    France Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.4.7.2.    France Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.8.  Russia

7.4.8.1.    Russia Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.4.8.2.    Russia Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.9.  Italy

7.4.9.1.    Italy Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.4.9.2.    Italy Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.4.10.      Rest of Europe

7.4.10.1. Rest of Europe Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.4.10.2. Rest of Europe Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.       Asia-Pacific

7.5.1.  Asia-Pacific Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.5.2.  Asia-Pacific Industrial Nitric Acid Revenue and Growth Rate (2017-2027)

7.5.3.  Asia-Pacific Industrial Nitric Acid Sales by Countries (2017-2027)

7.5.4.  Asia-Pacific Industrial Nitric Acid Revenue (Million USD) by Countries (2017-2027)

7.5.5.  China

7.5.5.1.    China Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.5.5.2.    China Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.  Japan

7.5.6.1.    Japan Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.5.6.2.    Japan Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.6.3.     

7.5.7.  Korea

7.5.7.1.    Korea Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.5.7.2.    Korea Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.8.  India

7.5.8.1.    India Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.5.8.2.    India Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.9.  Southeast Asia

7.5.9.1.    Southeast Asia Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.5.9.2.    Southeast Asia Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.5.10.      Rest of Asia-Pacific

7.5.10.1. Rest of Asia-Pacific Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.5.10.2. Rest of Asia-Pacific Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.       South America

7.6.1.  South America Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.6.2.  South America Industrial Nitric Acid Revenue and Growth Rate (2017-2027)

7.6.3.  South America Industrial Nitric Acid Sales by Countries (2017-2027)

7.6.4.  South America Industrial Nitric Acid Revenue (Million USD) by Countries (2017-2027)

7.6.5.  Brazil

7.6.5.1.    Brazil Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.6.5.2.    Brazil Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.6.  Argentina

7.6.6.1.    Argentina Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.6.6.2.    Argentina Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.7.  Columbia

7.6.7.1.    Columbia Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.6.7.2.    Columbia Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.6.8.  Rest of South America

7.6.8.1.    Rest of South America Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.6.8.2.    Rest of South America Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.       Middle East and Africa

7.7.1.  Middle East and Africa Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.7.2.  Middle East and Africa Industrial Nitric Acid Revenue and Growth Rate (2017-2027)

7.7.3.  Middle East and Africa Industrial Nitric Acid Sales by Countries (2017-2027)

7.7.4.  Middle East and Africa Industrial Nitric Acid Revenue (Million USD) by Countries (2017-2027)

7.7.5.  Saudi Arabia

7.7.5.1.    Saudi Arabia Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.7.5.2.    Saudi Arabia Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.6.  United Arab Emirates

7.7.6.1.    United Arab Emirates Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.7.6.2.    United Arab Emirates Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.7.  Egypt

7.7.7.1.    Egypt Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.7.7.2.    Egypt Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.8.  Nigeria

7.7.8.1.    Nigeria Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.7.8.2.    Nigeria Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.9.  South Africa

7.7.9.1.    South Africa Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.7.9.2.    South Africa Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

7.7.10.      Rest of Middle East and Africa

7.7.10.1. Rest of Middle East and Africa Industrial Nitric Acid Sales and Growth Rate (2017-2027)

7.7.10.2. Rest of Middle East and Africa Industrial Nitric Acid Revenue (Millions USD) and Growth Rate (2017-2027)

8.       Company Profiles

8.1.       CF Industries Holdings

8.1.1.  Business Overview

8.1.2.  Product Portfolio

8.1.3.  Strategic Developments

8.1.4.  Sales, Revenue and Market Share

8.2.       Yara

8.2.1.  Business Overview

8.2.2.  Product Portfolio

8.2.3.  Strategic Developments

8.2.4.  Sales, Revenue and Market Share

8.3.       EuroChem

8.3.1.  Business Overview

8.3.2.  Product Portfolio

8.3.3.  Strategic Developments

8.3.4.  Sales, Revenue and Market Share

8.4.       URALCHEM

8.4.1.  Business Overview

8.4.2.  Product Portfolio

8.4.3.  Strategic Developments

8.4.4.  Sales, Revenue and Market Share

8.5.       Orica

8.5.1.  Business Overview

8.5.2.  Product Portfolio

8.5.3.  Strategic Developments

8.5.4.  Sales, Revenue and Market Share

8.6.       PotashCorp

8.6.1.  Business Overview

8.6.2.  Product Portfolio

8.6.3.  Strategic Developments

8.6.4.  Sales, Revenue and Market Share

8.7.        Acron

8.7.1.  Business Overview

8.7.2.  Product Portfolio

8.7.3.  Strategic Developments

8.7.4.  Sales, Revenue and Market Share

8.8.       SBU Azot

8.8.1.  Business Overview

8.8.2.  Product Portfolio

8.8.3.  Strategic Developments

8.8.4.  Sales, Revenue and Market Share

8.9.       OCI

8.9.1.  Business Overview

8.9.2.  Product Portfolio

8.9.3.  Strategic Developments

8.9.4.  Sales, Revenue and Market Share

8.10.    LSB Industries

8.10.1.      Business Overview

8.10.2.      Product Portfolio

8.10.3.      Strategic Developments

8.10.4.      Sales, Revenue and Market Share

9.       Global Industrial Nitric Acid Market Competition, by Manufacturer

9.1.       Global Industrial Nitric Acid Sales and Market Share by Manufacturer (2017-2017)

9.2.       Global Industrial Nitric Acid Revenue and Market Share by Manufacturer (2017-2017)

9.3.       Global Industrial Nitric Acid Price by Manufacturer (2017-2017)

9.4.       Top 5 Industrial Nitric Acid Manufacturer Market Share

9.5.       Market Competition Trend

10.   Industrial Nitric Acid Market Forecast (2027-2023)

10.1.    Global Industrial Nitric Acid Sales, Revenue (Millions USD) and Growth Rate (2027-2023)

10.2.    Industrial Nitric Acid Market Forecast by Regions (2027-2023)

10.2.1.      North America Industrial Nitric Acid Market Forecast (2027-2023)

10.2.1.1. United States Industrial Nitric Acid Market Forecast (2027-2023)

10.2.1.2. Canada Industrial Nitric Acid Market Forecast (2027-2023)

10.2.1.3. Mexico Industrial Nitric Acid Market Forecast (2027-2023)

10.2.2.      Europe Industrial Nitric Acid Market Forecast (2027-2023)

10.2.2.1. Germany Industrial Nitric Acid Market Forecast (2027-2023)

10.2.2.2. United Kingdom Industrial Nitric Acid Market Forecast (2027-2023)

10.2.2.3. France Industrial Nitric Acid Market Forecast (2027-2023)

10.2.2.4. Russia Industrial Nitric Acid Market Forecast (2027-2023)

10.2.2.5. Italy Industrial Nitric Acid Market Forecast (2027-2023)

10.2.2.6. Rest of the Europe Industrial Nitric Acid Market Forecast (2027-2023)

10.2.3.      Asia-Pacific Industrial Nitric Acid Market Forecast (2027-2023)

10.2.3.1. China Industrial Nitric Acid Market Forecast (2027-2023)

10.2.3.2. Japan Industrial Nitric Acid Market Forecast (2027-2023)

10.2.3.3. Korea Industrial Nitric Acid Market Forecast (2027-2023)

10.2.3.4. India Industrial Nitric Acid Market Forecast (2027-2023)

10.2.3.5. Southeast Asia Industrial Nitric Acid Market Forecast (2027-2023)

10.2.3.6. Rest of Asia-Pacific Industrial Nitric Acid Market Forecast (2027-2023)

10.2.4.      South America Industrial Nitric Acid Market Forecast (2027-2023)

10.2.4.1. Brazil Industrial Nitric Acid Market Forecast (2027-2023)

10.2.4.2. Argentina Industrial Nitric Acid Market Forecast (2027-2023)

10.2.4.3. Columbia Industrial Nitric Acid Market Forecast (2027-2023)

10.2.4.4. Rest of South America Industrial Nitric Acid Market Forecast (2027-2023)

10.2.5.      Middle East and Africa Industrial Nitric Acid Market Forecast (2027-2023)

10.2.5.1. Saudi Arabia Industrial Nitric Acid Market Forecast (2027-2023)

10.2.5.2. UAE Industrial Nitric Acid Market Forecast (2027-2023)

10.2.5.3. Egypt Industrial Nitric Acid Market Forecast (2027-2023)

10.2.5.4. Nigeria Industrial Nitric Acid Market Forecast (2027-2023)

10.2.5.5. South Africa Industrial Nitric Acid Market Forecast (2027-2023)

10.2.5.6. Rest of MEA Industrial Nitric Acid Market Forecast (2027-2023)

10.3.    Industrial Nitric Acid Market Forecast by Product (2027-2023)

10.3.1.      Global Industrial Nitric Acid Sales Forecast by Product (2027-2023)

10.3.2.      Global Industrial Nitric Acid Sales Market Share Forecast by Product (2027-2023)

10.4.    Industrial Nitric Acid Market Forecast by Application (2027-2023)

10.4.1.      Global Industrial Nitric Acid Sales Forecast by Application (2027-2023)

10.4.2.      Global Industrial Nitric Acid Sales Market Share Forecast by Application (2027-2023)


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Industrial Nitric Acid Market.


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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