Published by news degree
Posted on August 3, 2021
13 min readLast updated: January 21, 2026
The global 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 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.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3088
COVID-19 Impact
The COVID-19 pandemic is having a significant impact on the chemicals & materials industry. Demand for chemicals is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand has fast-tracked the global chemical sector into an oversupply situation. Lack of free movement of the labor force required for the application of pesticides in the agricultural fields is lacking, thereby hindering the growth of the market in the COVID-19 pandemic. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.
Key participants include:
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
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/3088
For the purpose of this report, Reports and Data have segmented the global nitric acid market on the basis of type, application, distribution channel, and region:
Type Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Regional Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/3088
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
Ammonium Phosphate Market Size, Share, Trends & Analysis, Report By Type (Ammonium Polyphosphate, Di-Ammonium Phosphate (DAP), Mono-Ammonium Phosphate (MAP)), By Application (Fertilizers, Flame Retardant, Food & Beverage, Water Treatment Chemicals, Others), By Region, Competitive Strategies and Segment Forecasts for 2016-2026
Agricultural Chelates Market Size, Share & Analysis, By Type (EDTA, EDDHA, DTPA, IDHA, Others), By Application (Soil Application, Seed Dressing, Foliar Sprays, Fertigation, Others), By Micronutrient Type (Iron, Manganese, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By End-Use (Agriculture, Indoor Farming), And By Region Forecast To 2028
Borosilicate Glass Market Size, Share & Analysis By Type (Non-Alkaline Earth, Alkaline Earth Containing, High-Borate), Byapplication (Heat-Resistant Glass Panels, Display Screens, Lighting Glass, Sealing Glasses, Neutral Glasses, Cosmetic Containers, Solar Glass, Glass Microspheres, Others), By Region, Segment Forecast To 2027
Acoustic Metamaterials Market By Type (Resonant Membrane, Periodic Resonators, Sonic Crystal), By Application Type (Seismic Wave Reflection, Vibration Control, And Others), And Region-Global Forecast To 2027
Gracilaria Agarose and Gelidium Agarose Market Size, Share & Analysis, By Type (Gracilaria Agarose, Wild Harvest, Aquaculture, Gelidium Agarose, Wild Harvest, Aquaculture), By Application (Agarose Gel Electrophoresis, Protein Purification, Food & Beverage, Cosmetic, Microbiology, Others), By Region Forecast To 2027
About Reports and Data
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 analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-nitric-acid-market
The post Nitric Acid Market Size To Reach USD 30.29 Billion By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The global 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 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.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3088
COVID-19 Impact
The COVID-19 pandemic is having a significant impact on the chemicals & materials industry. Demand for chemicals is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand has fast-tracked the global chemical sector into an oversupply situation. Lack of free movement of the labor force required for the application of pesticides in the agricultural fields is lacking, thereby hindering the growth of the market in the COVID-19 pandemic. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.
Key participants include:
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
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/3088
For the purpose of this report, Reports and Data have segmented the global nitric acid market on the basis of type, application, distribution channel, and region:
Type Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Regional Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/3088
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
Ammonium Phosphate Market Size, Share, Trends & Analysis, Report By Type (Ammonium Polyphosphate, Di-Ammonium Phosphate (DAP), Mono-Ammonium Phosphate (MAP)), By Application (Fertilizers, Flame Retardant, Food & Beverage, Water Treatment Chemicals, Others), By Region, Competitive Strategies and Segment Forecasts for 2016-2026
Agricultural Chelates Market Size, Share & Analysis, By Type (EDTA, EDDHA, DTPA, IDHA, Others), By Application (Soil Application, Seed Dressing, Foliar Sprays, Fertigation, Others), By Micronutrient Type (Iron, Manganese, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By End-Use (Agriculture, Indoor Farming), And By Region Forecast To 2028
Borosilicate Glass Market Size, Share & Analysis By Type (Non-Alkaline Earth, Alkaline Earth Containing, High-Borate), Byapplication (Heat-Resistant Glass Panels, Display Screens, Lighting Glass, Sealing Glasses, Neutral Glasses, Cosmetic Containers, Solar Glass, Glass Microspheres, Others), By Region, Segment Forecast To 2027
Acoustic Metamaterials Market By Type (Resonant Membrane, Periodic Resonators, Sonic Crystal), By Application Type (Seismic Wave Reflection, Vibration Control, And Others), And Region-Global Forecast To 2027
Gracilaria Agarose and Gelidium Agarose Market Size, Share & Analysis, By Type (Gracilaria Agarose, Wild Harvest, Aquaculture, Gelidium Agarose, Wild Harvest, Aquaculture), By Application (Agarose Gel Electrophoresis, Protein Purification, Food & Beverage, Cosmetic, Microbiology, Others), By Region Forecast To 2027
About Reports and Data
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 analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-nitric-acid-market
The post Nitric Acid Market Size To Reach USD 30.29 Billion By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
Explore more articles in the Research Reports category
