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Nitric Acid Market Analysis, Market Size, Application

Analysis, Regional Outlook, Competitive Strategies and
Forecasts, 2015 To 2020

Nitric Acid is a strong mineral acid and manufactured commercially by the catalytic combustion of
ammonia. Ammonium Nitrate (AN) manufacturing is the largest application of nitric acid and accounts
for over three quarters of global nitric acid consumption. There is very limited merchant portion of nitric
acid market and is mostly consumed captively. International trade is limited for nitric acid due to the
corrosive nature of the product. The other applications of nitric acid include the manufacturing of
chemicals such as cyclohexanone, nitrobenzene, adipic acid and metal nitrates. Nitric acid is also used in
the manufacturing of explosives and blasting agents and as metal treatment solvents.
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industry/
Nitric acid demand has seen a significant rise in recent times, due to the increasing demand for
ammonium nitrate as a fertilizer in the agricultural industry. Over 80% of ammonium nitrate is
used as fertilizers and the growing demand for fertilizers with nitrogen as active ingredient is
expected to boost the demand for nitric acid. The other use nitric acid includes industrial
applications and production of other chemical compounds. However, environmental regulation
against the use of ammonium nitrate fertilizers is expected to severely impact the demand for
nitric acid over the forecast period. The use of ammonium nitrate fertilizers results in loss of
nitrogen to underground waster due to leaching and nitrification. This has led to directive by the

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EPA and European Community limiting the level of nitrogen ground water to less than 50
milligrams per liter. This is expected to act as a major restraint for the demand of nitric acid
particularly in North America and Europe.
Europe and China were the largest consumers of nitric acid in 2012 and accounted for over one
third of global consumption. The large agricultural and industrial market in Asia is expected to
be a key factor responsible for the high growth. In addition, the strict regulations in Europe and
North America on the use of AN based fertilizers is expected to shift the demand to countries of
Asia Pacific. China witnessed the fastest growth in rate of production and consumption among
all regions over the past five years.
This research report provides comprehensive market statistics and forecast for key segments, and
provides complete industry landscape including drivers, restraints, regulatory scenario,
technology trends and future opportunities. The report also provides detailed competitive
landscape with company market share analysis and in-depth profiles of key market participants.
Key regional markets analyzed and reported in this study include:

North America
Europe
Asia Pacific

RoW
Critical elements of the report include:
Industry dynamics
Market challenges and opportunities
Technology & regulatory trends
Market estimate and forecast
Regional trends
Competitive trends
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Table of Contents
Chapter 1 Executive Summary
Chapter 2 Nitric Acid Market Analysis
2.1 Market Segmentation
2.2 Value Chain Analysis
2.3 Market Drivers & Restraints
2.4 Nitric Acid Porters Analysis

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2.5 Nitric Acid SWOT Analysis
2.6 Nitric Acid - Company Market Share Analysis
Chapter 3 Nitric Acid Market Size, By Application
3.1 Aluminum Nitrate
3.2 Chemical
3.3. Explosives
3.4 Others
Chapter 4 Nitric Acid Market Size, By Region
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
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Chapter 5 Key Company Profiles
5.1 Agrium
5.2 Apache Nitrogen Products
5.3 BayerMaterialScience
5.4 Cherokee Nitrogen
5.5 Coffeyville Resources
5.6 DuPont
5.7 Hercules
5.8 LyondellBasell
5.9 PCS Nitrogen
5.10 Terra Industries
Chapter 6 Research Methodology and Scope
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