PRN: Global Nitric Acid Market to Grow at a CAGR of 2.8% by 2021 - Due to Sharp Rise in China's Economy & Growth in APAC Region - Research and Markets

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Global Nitric Acid Market to Grow at a CAGR of 2.8% by 2021 - Due to Sharp Rise in China's Economy & Growth in APAC Region - Research and Markets


DUBLIN, June 16, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Nitric Acid Market 2017-2021" report to their offering.

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The global nitric acid market to grow at a CAGR of 2.89% during the period 2017-2021.

The report, Global Nitric Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

APAC's economic growth has contributed to an improved standard of living over time. This was characterized by a sharp rise in China's economy in the past years. In 2015, the countries in East Asia and Pacific accounted for a growth rate of approximately 6%, whereas China's growth rate was estimated to be over 6%. APAC has progressed from macroeconomic policies that include efforts to accelerate revenues in commodity-exporting countries. Excluding China, this region's other developing countries grew at a rate over 4% in 2015. The Philippines, Vietnam, and Indonesia will show a growth rate of over 5.5% during the forecast period.

According to the report, fertilizers are chemicals used for promoting plant growth. These are either applied in the soil that is carried to the plant body through the roots or leaves. Nitrogen, phosphorous, calcium, and potassium are naturally present in plants that help stimulating plant growth. When soil nutrients are not present in the required amount, plants suffer from nutrient deficiency that hinders their growth. This results in poor yield.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key vendors

  • Agrium
  • BASF
  • Dyno Nobel
  • LSB Industries
  • The Dow Chemical Company

Other prominent vendors

  • Apache Nitrogen Products
  • CF Industries
  • Ixom
  • Rashtriya Chemicals & Fertilizers
  • Rentech
  • Sasol
  • Simplot

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Market landscape

PART 05: Market segmentation by application

PART 06: Geographical segmentation

PART 07: Decision framework

PART 08: Drivers and challenges

PART 09: Market trends

PART 10: Vendor landscape

For more information about this report visit

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Research and Markets
Laura Wood, Senior Manager

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