市場調查報告書
商品編碼
1005872

濃硝酸市場-成長,趨勢,COVID-19的影響,及預測(2021∼2026年)

Concentrated Nitric Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

出版日期: | 出版商: Mordor Intelligence Pvt Ltd | 英文 120 Pages | 商品交期: 2-3個工作天內

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  • 全貌
  • 簡介
  • 目錄
簡介

全球濃硝酸的市場規模,在預測期間(2021∼2026年)中預計以超越3%的年複合成長率擴大。

市場2020年根據COVID-19受到了壞影響。由於大流行病情境,政府封鎖期間,礦業和汽車製造活動暫停,結果,對汽車內部裝飾產品的製造和炸藥的開採市場需求產生了負面影響。 可是,硝酸用銅還原生成的一氧化氮,使用在肺高血壓的治療,有治療COVID-19患者的可能性,急性呼吸窘迫症候群的需求高漲,也提高該市場的需求。

本報告提供濃硝酸市場相關調查,市場概要,以及各類型,各用途,各終端用戶業界,各地區的趨勢,及加入此市場的主要企業的簡介等。

目錄

第1章 簡介

第2章 調查手法

第3章 摘要整理

第4章 市場動態

  • 推動因素
    • 來自硝酸銨的需求高漲
    • 多數汽車用途的需求增加
  • 阻礙因素
    • 硝酸的毒性
    • COVID-19爆發造成的不利情形
  • 產業的價值鏈分析
  • 波特五力分析
    • 供給企業談判力
    • 買主談判力
    • 新加入廠商業者的威脅
    • 替代產品的威脅
    • 競爭

第5章 市場區隔

  • 各類型
    • 強酸
    • 發煙酸
  • 各用途
    • 硝酸銨
    • 己二酸
    • 硝基苯
    • 二異氰酸甲苯
    • 三硝基甲苯
    • 其他
  • 各終端用戶業界
    • 農藥
    • 爆炸物
    • 汽車
    • 電子產品
    • 其他
  • 各地區
    • 亞太地區
    • 北美
    • 歐洲
    • 南美
    • 中東和非洲

第6章 競爭情形

  • 合併和收購,合資企業,合作,及協定
  • 市場佔有率/排行榜分析
  • 主要企業採用了的策略
  • 企業簡介
    • CF Fertilisers UK
    • Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL)
    • Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
    • JSS "MAXAM-CHIRCHIQ"
    • LSB INDUSTRIES
    • Orica Limited
    • Seya Industries Ltd
    • The Chemical Company
    • The Chemours Company
    • Trammo, Inc.
    • UBE INDUSTRIES,LTD.

第7章 市場機會及趨勢

目錄
Product Code: 69258

The Global Concentrated Nitric Acid Market is projected to register a CAGR of over 3% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, the mining and automotive manufacturing activities were on temporary halt during the government-imposed lockdown, thus led to a decrease in the consumption of concentrated nitric acid used in the manufacturing of automobile interior products and mining explosive materials, which in turn has negatively impacted the market demand. However, nitric oxide, a compound produced by the reduction of nitric acid with copper, is used to treat pulmonary hypertension and acute respiratory distress syndrome has grown in demand as it has the potential to treat COVID-19 patients, thereby enhancing the demand for market studied.

  • Over the short term, the growing demand for concentrated nitric acid from the ammonium nitrate segment in applications including fertilizer and mining explosives production is expected to drive the market's growth.
  • However, the toxicity of concentrated nitric acid is likely to hinder the growth of the studied market.
  • The technological and scientific advancement in mono and dual-pressure technology for the production of nitric acid designed to cope with the latest environmental regulations and to maximize the amount of steam exported are likely to provide opportunities for the concentrated nitric acid market over the forecast period.
  • Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

Key Market Trends

Ammonium Nitrate to Dominate the Market

  • Ammonium nitrate stands to be the dominating segment owing to the extensive utilization of agricultural fertilizers, explosives, and aviation fuels.
  • Ammonium nitrate is used as a fertilizer and can be used as an intermediate for making other fertilizers containing high amounts of nitrates such as calcium and urea ammonium nitrate.
  • The rise in demand for fertilizers to cater to the ever-increasing requirement for food is fueling the ammonium nitrate segment. This, in turn, is propelling the concentrated nitric acid market.
  • Ammonium nitrate is also used as an intermediate for explosives and agrochemicals. The explosives industry shares a noteworthy interest in items in the mining of coal and metals. Production of explosives uses ammonium nitrate which requires a lot of nitric corrosive as an antecedent which legitimately impacts the interest for nitric corrosive. According to USGS, the total value of metal mine production in the United States was about USD 26.9 billion in 2019 and reached about USD 27.7 billion in 2020, with a growth rate of about 3%, thus led to an increase in the demand for explosives from the metal mining sector, which in-turn has stimulated the demand for the market studied.
  • Furthermore, the coal production in the United States was valued at about USD 25.5 billion in 2019 and reached about USD 18.8 billion in 2020, with a decline rate of about 26%, thus led to a decrease in the consumption of explosives used during the mining, which in-turn negatively impacts the market demand for ammonium nitrate and concentrated nitric acid.
  • Ammonium nitrate is utilized in Ammonium Nitrate Fuel Oil (ANFO) which is widely used as bulk industrial explosives. Increasing demand for ANFO for manufacturing civil explosives is projected to drive the ammonium nitrate application segment during the forecast period.
  • The market value of the global agrochemicals business is estimated to be USD 243.1 billion in 2019 and is expected to increase to nearly USD 300 billion by 2024, which is expected to enhance the demand for the concentrated nitric acid for formulating agrochemicals including pesticides and others.
  • Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region stands to be the largest and fastest-growing market for concentrated nitric acid. Asia-Pacific region is the industrial base with established manufacturing facilities of agrochemicals, fertilizers, explosives, polyurethane foams, etc.
  • In FY2019, the primary sales volume for fertilizers in India was amounted to about 57.8 million tons and reached about 61.4 million tons, with a growth rate of about 6%, thus led to an increase in the consumption of nitric acid from the fertilizer segment.
  • Factors, such as various industrial applications such as automotive, building and construction, and agrochemicals is the prominent factor projected to boost the market in the Asia-Pacific.
  • Adipic acid is formulated by oxidation of the mixture of cyclohexanone and cyclohexanol with nitric acid, which is also known as ketone-alcohol oil (KA oil).
  • In small amounts, adipic acid is used in food ingredients in form of flavoring agents and can also be used in the production of nylons and polymers. An increase in the use of nylon and polyurethane is estimated to drive the demand for adipic acid. This, in turn, is likely to propel the concentrated nitric acid market during the forecast period.
  • In the automotive industry, the trend of replacing metal parts with lightweight and strong materials, such as synthetic rubbers, nylon, and elastomers drives the demand for nitrobenzene and adipic acid. Rising demand for synthetic rubbers, elastomers, and polyurethane foams in the automotive industry is anticipated to drive the product demand.
  • Adipic acid is also used in the coatings used for automotive exterior and the increasing use of flexible PU foams in automotive interiors and cushions drives the demand for TDI. These factors are estimated to fuel the demand for concentrated nitric acid during the forecast period.
  • According to OICA, China had produced about 25.75 million vehicles in 2019 and reached about 25.23 million vehicles in 2020, with a decline rate of about 2%, thus led to a decrease in the consumption of concentrated nitric acid from the automotive segment, which in-turn has negatively impacted the market demand.
  • Additionally, India had produced about 4.52 million vehicles in 2019 and reached about 3.39 million vehicles in 2020, with a decline rate of about 25%, thus hampering the market demand.
  • Strong application in the chemicals industry owing to its usage in the manufacturing of various polymers including, polyurethane and polyamides is anticipated to drive the concentrated nitric acid market.
  • Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.

Competitive Landscape

The global concentrated nitric acid market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the key players include The Chemical Company, UBE INDUSTRIES, LTD., CF Fertilisers UK, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), and LSB Industries, among others.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand from Ammoniumm Nitrate
    • 4.1.2 Increasing demand from Numerous Automotive Applications
  • 4.2 Restraints
    • 4.2.1 Toxicity of Nitric Acid
    • 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porters Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Strong
    • 5.1.2 Fuming
  • 5.2 Application
    • 5.2.1 Ammonium Nitrate
    • 5.2.2 Adipic Acid
    • 5.2.3 Nitrobenzene
    • 5.2.4 Toluene Diisocyanate
    • 5.2.5 Trinitrotoluene
    • 5.2.6 Others
  • 5.3 End-user Industry
    • 5.3.1 Agrochemical
    • 5.3.2 Explosives
    • 5.3.3 Automotive
    • 5.3.4 Electronics
    • 5.3.5 Others
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
      • 5.4.1.1 China
      • 5.4.1.2 India
      • 5.4.1.3 Japan
      • 5.4.1.4 South Korea
      • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
      • 5.4.2.1 United States
      • 5.4.2.2 Canada
      • 5.4.2.3 Mexico
    • 5.4.3 Europe
      • 5.4.3.1 Germany
      • 5.4.3.2 United Kingdom
      • 5.4.3.3 France
      • 5.4.3.4 Italy
      • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
      • 5.4.4.1 Brazil
      • 5.4.4.2 Argentina
      • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
      • 5.4.5.1 Saudi Arabia
      • 5.4.5.2 South Africa
      • 5.4.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 CF Fertilisers UK
    • 6.4.2 Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL)
    • 6.4.3 Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
    • 6.4.4 JSS "MAXAM-CHIRCHIQ"
    • 6.4.5 LSB INDUSTRIES
    • 6.4.6 Orica Limited
    • 6.4.7 Seya Industries Ltd
    • 6.4.8 The Chemical Company
    • 6.4.9 The Chemours Company
    • 6.4.10 Trammo, Inc.
    • 6.4.11 UBE INDUSTRIES,LTD.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS