Chemical industry reports Nitric Acid Market Research Report 2015 to 2022 | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Ammonium nitrate contributes being the largest application segment over the years and also in upcoming years owing the increasing demand in agricultural field and lack of rule and regulations of the use of nitrate fertilizer in India and China. Central and Eastern Europe has dominated the Nitric acid industry globally with market demand over 20 million tons in 2014. Hexa Research also stated that, Adipic acid, key application of Nitric acid is contributing for 2,280 Kilo tons in global market. Nitric acid consumed for ammonium nitrate production is used as a intermediate for manufacturing of fertilizers or 80% of it is used a fertilizer. Nitric acid industry is stated by its major Players including Dow Chemical Company and BASF SE. Koch Nitrogen Company and Agrium are involved in manufacturing ammonium nitra te and ammonia which is nitrogen based fertilizers. Automobile, construction, furniture and chemical industries being the key factor involving nitric acid Market growth. About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to un dertake strategic growth initiatives. Browse our Upcoming Market Reports @ https://www.hexaresearch.com/upcomingreports Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/