The Concentrated Nitric Acid Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

Learn More On The Concentrated Nitric Acid Market:
https://www.thebusinessresearchcompany.com/report/concentrated-nitric-acid-global-market-report

In accordance with The Business Research Company’s Global Market Report for Concentrated Nitric Acid in 2024, the market has experienced a consistent upswing. Projections indicate a growth from $19.04 billion in 2024 to $19.54 billion in the same year, boasting a Compound Annual Growth Rate (CAGR) of 2.7%. This expansion during the historical period can be attributed to the burgeoning chemical industry, demands from the agricultural sector, explosives manufacturing, metal processing, mining, and various industrial applications.

Anticipated to sustain this positive trajectory, the concentrated nitric acid market is poised to reach $21.59 billion by 2028, boasting a CAGR of 2.5%. Factors fueling this growth include heightened emphasis on industrial safety, continuous innovations in chemical processes, automotive sector requirements, water treatment necessities, and a surge in demand from the semiconductor industry. Noteworthy trends in the forecast period encompass a resurgence in the application of concentrated nitric acid in explosives manufacturing, advancements in the pharmaceutical sector, increased demand for dyes, pigments, and colorants, intensified market competition, and a notable focus on innovation.

Rising demand for personal protective equipment is expected to propel the growth of the concentrated nitric acid market going forward. Personal protective equipment (PPE) refers to wearable safety gear that includes protective clothes, helmets, gloves, face shields, goggles, facemasks, respirators, and other accessories. Personal protective equipment, which prefers to be face masks and gloves, is made of plastic polymers, which require concentrated nitric acid for their manufacturing. For instance, in 2021, according to the analysis by Premier Inc., a US-based healthcare improvement company, the purchases of N95 and KN95 masks increased by 715% from 2020 to 2021, those of surgical masks increased by 93% from 2020 to 2021, and those of exam gloves increased by 225% from 2020 to 2021. Therefore, the rising demand for personal protective equipment drives the concentrated nitric acid market.

Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=8255&type=smp

The concentrated nitric acid market covered in this report is segmented –
1) By Type: Strong Nitric Acid, Fuming Nitric Acid
2) By Application: Agrochemicals, Explosives, Automotive, Rubber, Other Application
3) By Distribution Channel: Direct Or Institutional Sales, Retail Sales, Other Distribution Channels

Crucially, technological advancement emerges as a pivotal trend within the concentrated nitric acid market. Key industry players are strategically integrating new technologies to curtail greenhouse gas emissions during the concentrated nitric acid production process, aligning with stringent climate regulation standards. A case in point is Orica, an Australia-based commercial explosives company, which, in November 2021, installed EnviNOx, a proven nitrous oxide greenhouse gas emissions tertiary abatement technology, at its Kooragang Island plant. This innovative technology, slated for implementation across all three nitric acid production facilities on Kooragang Island, aims to slash the site's carbon footprint by a substantial 567,000 tCO2e annually. With a projected production outlook, it is envisaged to curtail emissions by 48%, achieving a cumulative reduction of at least 4.7 MtCO2e by the year 2030. This transformative approach underscores the industry's commitment to sustainability and environmental stewardship.

The concentrated nitric acid market report table of contents includes:
1. Executive Summary
2. Concentrated Nitric Acid Market Characteristics
3. Concentrated Nitric Acid Market Trends And Strategies
4. Concentrated Nitric Acid Market - Macro Economic Scenario
5. Global Concentrated Nitric Acid Market Size and Growth

.....

31. Global Concentrated Nitric Acid Market Competitive Benchmarking
32. Global Concentrated Nitric Acid Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Concentrated Nitric Acid Market
34. Concentrated Nitric Acid Market Future Outlook and Potential Analysis
35. Appendix

Related Reports:
https://topprnews.com/security-services-for-bfsi-sector-market-size/
https://topprnews.com/self-service-bi-market-share/
https://topprnews.com/self-service-technologies-market-analysis/
https://goodprnews.com/security-services-for-bfsi-sector-market-size/
https://goodprnews.com/self-service-bi-market-share/
https://goodprnews.com/self-service-technologies-market-analysis/

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model