Report overview
High Purity Nitric Acid is a pure aqueous solution of hydrogen chloride. It is a strong volatile acid with pungent odor, toxic, and corrosive. It reacts easily with most metals and metal oxides.
Market Analysis and Insights: Global High Purity Nitric Acid Market
Due to the COVID-19 pandemic, the global High Purity Nitric Acid market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, 67~69% High Purity Nitric Acid accounting for % of the High Purity Nitric Acid global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Semiconductor segment is altered to an % CAGR throughout this forecast period.
North America High Purity Nitric Acid market is estimated at US$ million in 2022, while Europe is forecast to reach US$ million by 2030. The proportion of the North America is % in 2022, while Europe percentage is %, and it is predicted that Europe share will reach % in 2030, trailing a CAGR of % through the analysis period 2023-2030. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of High Purity Nitric Acid include BASF, Oxy Chem, TOAGOSEI, Detrex Chemicals, KMG Electronic Chemicals, Akzo Nobel, PCC Group, Vynova and Dongyue Group Ltd, etc. In terms of revenue, the global 3 largest players have a % market share of High Purity Nitric Acid in 2022.
Global High Purity Nitric Acid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global High Purity Nitric Acid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
67~69% High Purity Nitric Acid
Above 69% High Purity Nitric Acid
Segment by Application
Semiconductor
Food Ingredient & Supplement
Pharmaceutical
Other
By Company
BASF
Oxy Chem
TOAGOSEI
Detrex Chemicals
KMG Electronic Chemicals
Akzo Nobel
PCC Group
Vynova
Dongyue Group Ltd
Jinmao Group
Suhua Group
Sanonda
Siping Haohua Chemical
Suzhou Crystal Clear Chemical
Jianghua Microelectronics Materials
Chuandong Chemical
Fisher Scientific
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
