Plinke GmbH, a subsidiary of KBR, Inc. has been awarded a contract to build a Concentrated Nitric Acid plant (CNA) at Bharuch, Gujarat by Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC). For the Indian market, this plant will produce a concentrated nitric acid of 98.5%.
Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) announced the commercial launch of a new nitric acid production complex in Dahej, Gujarat that has an annual capacity to produce 92 kiloton of concentrated nitric acid thus expanding its own nitric acid business.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4913
Published Date: May 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising demand for concentrated nitric acid from agrochemicals industry and the growing demand in household cleaning products are the major factors driving the growth of the market.
The market size of Concentrated Nitric Acid is anticipated to attain a CAGR of 6.10% over the forecast period, i.e., 2023-2035.
The major players in the market are Yara, Nutrien Ltd., BASF SE, Dow Inc., DuPont, Sika AG, C.F. Fertilisers U.K., Innospec, Dorf Ketal Chemicals (I) Pvt. Ltd., PMC Specialties Group.
The ammonia nitrate segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.