Canada Nitric Acid Market Size & Outlook, 2023-2030
Canada nitric acid market, 2018-2030 (US$M)
Related Markets
Canada nitric acid market highlights
- The Canada nitric acid market generated a revenue of USD 1,281.1 million in 2023 and is expected to reach USD 1,517.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.4% 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 1,281.1 million |
| Market revenue in 2030 | USD 1,517.2 million |
| Growth rate | 2.4% (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, Canada accounted for 4.2% 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 North America, U.S. nitric acid market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,247.6 million by 2030.
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Nitric Acid Market Scope
Nitric Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 76.08% in 2023. Horizon Databook has segmented the Canada 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.
Canada is one of the prominent markets in the North America region. Globally, Canada accounts for 3% of the overall export volume of nitric acid. The presence of major fertilizer manufacturing facilities of companies such as Yara and Nutrien are driving the demand for nitric acid.
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Our clientele includes a mix of nitric acid market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada nitric acid market , including forecasts for subscribers. This country databook contains high-level insights into Canada nitric acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nitric acid market size, by application, 2018-2030 (US$M)
Canada Nitric Acid Market Outlook Share, 2023 & 2030 (US$M)
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