The demand for nitric acid is influenced by its role in the production of ammonium nitrate, which is used in manufacturing explosives. Furthermore, the increasing demand for nitric acid in the automotive industry, electronics, and agrochemical sectors is projected to drive its growth in the forecasted period. The global nitric acid market growth is anticipated to attain a …
Tag Archives: Nitric Acid
Increasing Environmental Regulations Fuel Nitric Acid Market Expansion in the Automotive Sector
The demand for nitric acid is influenced by its role in the production of ammonium nitrate, which is used in manufacturing explosives. Furthermore, the increasing demand for nitric acid in the automotive industry, electronics, and agrochemical sectors is projected to drive its growth in the forecasted period. The global nitric acid market growth is anticipated to attain a …
Fertilizer Industry Drives Surge in Global Nitric Acid Demand, Multinationals Vie for Market Dominance
The demand for nitric acid is influenced by its role in the production of ammonium nitrate, which is used in manufacturing explosives. Furthermore, the increasing demand for nitric acid in the automotive industry, electronics, and agrochemical sectors is projected to drive its growth in the forecasted period. The global nitric acid market is anticipated to attain a …
Nitric Acid Market is set to expand at a CAGR of 3% through the course of forecast period 2019-2029
Majorly driven by its application in agrochemicals and automotive industry, nitric acid will represent a modestly growing market at 3% CAGR during 2019 – 2029. Moreover, metallurgical and pharmaceutical industries will generate upward growth trend for nitric acid market through 2029, as per the projections of a new Future Market Insights (FMI) study. Nitrogenous fertilizers continue to …