Ukraine Nitric Acid Market Size & Outlook, 2023-2030
Ukraine nitric acid market, 2018-2030 (US$M)
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Ukraine nitric acid market highlights
- The Ukraine nitric acid market generated a revenue of USD 938.4 million in 2023 and is expected to reach USD 1,010.7 million by 2030.
- The Ukraine market is expected to grow at a CAGR of 1.1% 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 938.4 million |
| Market revenue in 2030 | USD 1,010.7 million |
| Growth rate | 1.1% (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, Ukraine accounted for 3.1% 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 Europe, Russia nitric acid market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 19,811.1 million by 2030.
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Nitric Acid Market Scope
Nitric Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Ukraine 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 83.98% in 2023. Horizon Databook has segmented the Ukraine 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.
Ukraine is one of the major markets in Eastern Europe. The thriving agricultural industry in the country is driving demand for nitric acid. However, the consumption of nitric acid has taken a hit as the government is formulating plans to increase the penetration of organic agriculture.
In 2018, anti-dumping duties for the import of nuclear plants were increased and a ban was placed on the functioning of EuroChem and PhosAgro on the Ukrainian market which is expected to restrain the market growth.
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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 Ukraine nitric acid market , including forecasts for subscribers. This country databook contains high-level insights into Ukraine nitric acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Ukraine nitric acid market size, by application, 2018-2030 (US$M)
Ukraine Nitric Acid Market Outlook Share, 2023 & 2030 (US$M)
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