Brazil Nitric Acid Market Size & Outlook, 2023-2030
Brazil nitric acid market, 2018-2030 (US$M)
Related Markets
Brazil nitric acid market highlights
- The Brazil nitric acid market generated a revenue of USD 193.3 million in 2023 and is expected to reach USD 214.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 1.5% from 2024 to 2030.
- In terms of segment, fertilizer was the largest revenue generating application in 2023.
- Nitrobenzene is the most lucrative application segment registering the fastest growth during the forecast period.
Nitric acid market data book summary
| Market revenue in 2023 | USD 193.3 million |
| Market revenue in 2030 | USD 214.9 million |
| Growth rate | 1.5% (CAGR from 2023 to 2030) |
| Largest segment | Fertilizer |
| Fastest growing segment | Nitrobenzene |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizer, Nitrobenzene, Adipic Acid, Toluene di-isocyanate, Nitrochlorobenzene, Other Applications |
| Key market players worldwide | Basf SE, DuPont de Nemours Inc, Nutrien Ltd, APA Corp, CF Industries Holdings Inc, Incitec Pivot Ltd, Sasol, Eastman Chemical Co, LSB Industries Inc, Thyssenkrupp AG, Yara International ASA |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.6% of the global nitric acid market in 2023.
- Country-wise, Russia is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil nitric acid market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 214.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Nitric Acid Market Scope
Nitric Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil nitric acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nitric acid market will help companies and investors design strategic landscapes.
Fertilizer was the largest segment with a revenue share of 78.74% in 2023. Horizon Databook has segmented the Brazil nitric acid market based on fertilizer, nitrobenzene, adipic acid, toluene di-isocyanate, nitrochlorobenzene, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Refining capacity expansion in Brazil is expected to be a favorable factor in terms of boosting the production of numerous polymers such as nylon and polyurethane foams. The application growth of these polymers in the automotive and construction industries in Brazil is anticipated to fuel the demand for their precursors such as nitrobenzene and adipic acid.
The aforementioned factors are expected to propel the demand for nitric acid in Brazil over the forecast period. Farmland availability of oilseeds, corn, and sugarcane in Brazil is expected to boost agricultural growth, and, in turn, promote the importance of fertilizers.
Since the past decade, Brazil has been playing a crucial role in the agricultural industry, with rapidly increasing crop cultivation and simultaneously rising export levels. Although multiple concerns were raised in the country in terms of environmental impact, sustainability played a major role in steadying agricultural production through technological improvements.
Reasons to subscribe to Brazil nitric acid market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Brazil nitric acid market databook
-
Our clientele includes a mix of nitric acid market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil nitric acid market , including forecasts for subscribers. This country databook contains high-level insights into Brazil nitric acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil nitric acid market size, by application, 2018-2030 (US$M)
Brazil Nitric Acid Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
