Egypt Nitric Acid Market Size & Outlook, 2023-2030
Egypt nitric acid market, 2018-2030 (US$M)
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Egypt nitric acid market highlights
- The Egypt nitric acid market generated a revenue of USD 791.7 million in 2023 and is expected to reach USD 980.2 million by 2030.
- The Egypt market is expected to grow at a CAGR of 3.1% 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 791.7 million |
| Market revenue in 2030 | USD 980.2 million |
| Growth rate | 3.1% (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, Egypt accounted for 2.6% 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 Middle East & Africa, Egypt nitric acid market is projected to lead the regional market in terms of revenue in 2030.
- Egypt is the fastest growing regional market in Middle East & Africa and is projected to reach USD 980.2 million by 2030.
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Nitric Acid Market Scope
Nitric Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Egypt 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 83.57% in 2023. Horizon Databook has segmented the Egypt 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.
In Egypt, the construction sector is set to expand by an average of 9% each year between 2020 and 2021. The current construction sector value in Egypt is over USD 25 billion, and it is projected that sustainable growth in the industry would reach about USD 89 billion by 2029. Egypt holds over 30% of the value of the construction industry in the Middle East & Africa region.
Cairo’s urban development program, which would involve building 23 new cities, is anticipated to boost the construction industry in the country. Egypt has over 1500 apparel factories with an average production of about 500 million pieces/day. This abovementioned factor is expected to create a positive impact on the nitric acid market to produce nylon-based products.
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Our clientele includes a mix of nitric acid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Egypt nitric acid market , including forecasts for subscribers. This country databook contains high-level insights into Egypt nitric acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Egypt nitric acid market size, by application, 2018-2030 (US$M)
Egypt Nitric Acid Market Outlook Share, 2023 & 2030 (US$M)
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