Concentrated Nitric Acid

Concentrated Nitric Acid Market Outlook

The global concentrated nitric acid market is projected to reach a value of approximately USD 19.94 billion by 2035, growing at a CAGR of about 5.4% from 2025 to 2035. The increasing demand for fertilizers and the use of nitric acid in the production of explosives are significant factors driving this growth. Moreover, the rising industrialization across emerging economies is set to boost the market, along with advancements in technology that enhance the production processes. The continuous expansion of the chemical industry, coupled with increasing applications in various sectors, further supports the demand for concentrated nitric acid. Additionally, environmental regulations and standards are encouraging the adoption of cleaner technologies, which may also impact market dynamics positively.

Growth Factor of the Market

The concentrated nitric acid market is primarily driven by the increasing utilization of nitric acid in fertilizers, particularly in the agriculture sector. As the global population continues to grow, the demand for food production rises, leading to higher consumption of fertilizers that enhance crop yield and quality. Additionally, concentrated nitric acid is vital in the manufacturing of explosives used in mining, construction, and demolition activities, contributing to the market's expansion. The rise in the automotive and electronics industries further propels the demand for nitric acid, as it is extensively used in producing nitroaromatics and in various chemical synthesis processes. Furthermore, technological advancements in the production methods of nitric acid, including cleaner and more efficient processes, improve profitability and sustainability, making it an attractive option for manufacturers. Lastly, increased investments in infrastructure and industrial development, especially in developing nations, are expected to contribute significantly to the growth of the concentrated nitric acid market.

Key Highlights of the Market

• The global concentrated nitric acid market is expected to reach USD 19.94 billion by 2035.
• Projected CAGR of 5.4% during the forecast period of 2025-2035.
• Major application areas include fertilizers, explosives, and chemical synthesis.
• Industrialization in emerging economies is boosting nitric acid demand.
• Technological advancements are enhancing production efficiency and sustainability.

By Grade

Commercial Grade:

Commercial grade concentrated nitric acid is the most commonly utilized form, often used in fertilizers and various chemical processes. This grade has a concentration level ranging from 50% to 70%, making it suitable for various applications without the need for extensive purification. The compatibility of commercial grade nitric acid with a wide range of chemical reactions underlines its importance in the agriculture sector, particularly in synthesizing ammonium nitrate, a crucial nitrogen fertilizer. Furthermore, the relatively lower production cost and widespread availability contribute to its high demand in industrial applications, including metal processing and electroplating.

Laboratory Grade:

Laboratory grade concentrated nitric acid is of a higher purity level compared to commercial grade, generally exceeding 99% purity. This grade is essential for analytical applications in research laboratories, pharmaceuticals, and educational institutions. It is widely utilized in experiments that require precise chemical reactions, as impurities can significantly alter results. Furthermore, laboratory grade nitric acid is essential in synthesizing various chemical compounds and materials, often utilized in toxicology studies and quality control processes to ensure the purity and safety of various substances. The stringent requirements for laboratory conditions further drive the demand for this grade in scientific research and product development.

Industrial Grade:

Industrial grade concentrated nitric acid serves as a critical raw material in various chemical manufacturing processes. With concentrations varying typically between 70% and 90%, this grade is utilized in the production of explosives, such as ammonium nitrate and nitroglycerin, which are essential in mining and construction. Furthermore, industrial grade nitric acid is employed in the steel pickling process to remove impurities and oxides from steel surfaces. The growing industrialization and infrastructure development in developing economies are likely to fuel the demand for this grade, as it plays a pivotal role in enhancing the quality and performance of industrial products.

Electronic Grade:

Electronic grade concentrated nitric acid is critical in the electronics industry, especially in the production of semiconductors and printed circuit boards. This grade is known for its ultra-high purity levels, often exceeding 99.99%, which is crucial in preventing contamination during the manufacturing process. The rapid growth of the electronics sector, driven by advancements in technology and increasing consumer demand for electronic devices, is expected to drive the demand for electronic grade nitric acid. Furthermore, as the trend towards miniaturization and increased functionality in electronic devices continues, the need for high-quality raw materials like electronic grade nitric acid will become increasingly significant.

Pharmaceutical Grade:

Pharmaceutical grade concentrated nitric acid is utilized in the synthesis of various pharmaceutical compounds and intermediates. With a purity level exceeding 99.5%, this grade is essential for drug development processes, ensuring safety and efficacy in pharmaceuticals. The rising demand for pharmaceuticals, driven by aging populations and the increase in chronic diseases globally, is likely to boost the consumption of this grade in the healthcare sector. Additionally, the stringent regulations surrounding the production of pharmaceutical products necessitate the use of high-quality raw materials such as pharmaceutical grade nitric acid, ensuring compliance with international safety and quality standards.

By Application

Fertilizers:

The application of concentrated nitric acid in the fertilizer sector dominates the market, as it is a critical component in the production of nitrogen-based fertilizers, such as ammonium nitrate. This is particularly vital for enhancing soil fertility and improving crop yields, aligning with the growing global demand for food production. The increasing focus on sustainable agriculture practices and the need for efficient nutrient management are further driving the use of concentrated nitric acid in this sector. Additionally, innovation in fertilizer formulations that incorporate concentrated nitric acid is expected to continue, thereby supporting its application in fertilizers.

Explosives:

Concentrated nitric acid plays a crucial role in the explosives industry, being a primary component in the production of various explosives, including TNT and nitroglycerin. The growth in mining, construction, and demolition activities globally is expected to drive the demand for explosives, consequently increasing the consumption of concentrated nitric acid. Additionally, the rising demand for safer and more efficient explosive formulations will further enhance the market growth. The ability of concentrated nitric acid to enhance the energy output of explosives makes it a vital ingredient in this application.

Nitroaromatics:

The use of concentrated nitric acid in producing nitroaromatics is significant, as these compounds serve as essential intermediates in various chemical processes, including the synthesis of dyes, pharmaceuticals, and agrochemicals. The increasing need for nitroaromatic compounds in different industries highlights the importance of concentrated nitric acid in this application. Furthermore, the growing demand for specialty chemicals and advancements in nitroaromatic production processes are expected to spur the market for concentrated nitric acid in this segment.

Steel Pickling:

In the steel industry, concentrated nitric acid is widely used for pickling processes to remove rust and impurities from steel surfaces, ensuring high-quality end products. The growth of the automotive and construction industries, which rely heavily on steel, will significantly drive the demand for steel pickling applications. As manufacturers strive to improve product quality and performance, the use of concentrated nitric acid in steel pickling is expected to continue, resulting in a positive outlook for this application in the concentrated nitric acid market.

Others:

Other applications of concentrated nitric acid include its use in the production of dyes, explosives, and as a solvent in various chemical processes. The versatility of concentrated nitric acid in serving multiple functions across different sectors underscores its importance in the chemical industry. As industries continue to innovate and expand, the demand for concentrated nitric acid in these additional applications is anticipated to grow, contributing to the overall market expansion. The increasing emphasis on environmentally friendly processes also encourages the exploration of new applications for concentrated nitric acid.

By Use Industry

Agriculture:

The agriculture sector is one of the primary consumers of concentrated nitric acid, primarily in the production of nitrogen-based fertilizers. The substantial growth in global agriculture, driven by the need to enhance food security and increase crop productivity, significantly boosts the demand for concentrated nitric acid. As the agricultural practices evolve with a focus on sustainable and efficient farming methods, the role of concentrated nitric acid in providing essential nutrients becomes increasingly critical. Additionally, the development of innovative fertilizer formulations incorporating concentrated nitric acid is expected to further enhance its applications in agriculture.

Chemicals:

Concentrated nitric acid is vital in the chemical industry, as it serves as a key raw material in producing various chemicals and intermediates. Industries utilizing concentrated nitric acid include pharmaceuticals, agrochemicals, and specialty chemicals. As the global chemical market continues to expand with rising industrial activities, the demand for concentrated nitric acid is anticipated to grow correspondingly. Moreover, advancements in chemical synthesis technologies that require concentrated nitric acid are likely to fuel its usage in this sector, ensuring its continued relevance in the chemical industry.

Electronics:

The electronics industry relies heavily on concentrated nitric acid for the production of semiconductors and printed circuit boards. As the demand for electronic devices continues to rise due to advancements in technology and consumer preferences, the need for high-purity concentrated nitric acid is also increasing. The growth in the electronics sector, particularly in regions like Asia Pacific, is expected to significantly boost the consumption of concentrated nitric acid, as manufacturers seek quality materials to ensure optimal performance in electronic applications. Additionally, the trend towards miniaturization in electronics will further necessitate the use of high-quality materials, including concentrated nitric acid, making it an essential component in this industry.

Automotive:

In the automotive industry, concentrated nitric acid is employed in manufacturing processes, particularly in metal treatment and coating. The ongoing growth in automotive production and the increasing demand for high-performance vehicles drive the need for concentrated nitric acid. Its role in enhancing material quality and durability is vital in meeting industry standards. Moreover, as the automotive market shifts towards electric vehicles, concentrated nitric acid may find new applications in producing advanced materials and components essential for electric vehicle technology, ensuring its continued relevance in this industry.

Healthcare:

In the healthcare sector, concentrated nitric acid is utilized primarily for its role in synthesizing pharmaceutical compounds and as a cleaning agent in laboratories. As the demand for pharmaceuticals increases globally, driven by an aging population and growing healthcare needs, the use of concentrated nitric acid is expected to grow correspondingly. The stringent regulations surrounding the production of pharmaceutical products necessitate high-quality raw materials, including concentrated nitric acid, to ensure compliance with safety standards. Additionally, innovation in drug development processes may further enhance the demand for concentrated nitric acid in healthcare applications.

By Concentration Level

50-70%:

Concentrated nitric acid within the 50-70% concentration range is predominantly utilized in various industrial applications, particularly in fertilizers and metal processing. This grade is considered less aggressive than higher concentration grades, making it suitable for a broader range of applications without posing significant safety risks. The agriculture sector heavily relies on this concentration for synthesizing nitrogen-based fertilizers, contributing to its substantial market share. Additionally, the relatively lower cost of production and ease of handling makes the 50-70% concentration level a preferred choice for many manufacturers looking to optimize their processes.

70-90%:

The 70-90% concentration level of concentrated nitric acid is commonly employed in industrial applications where a balance between reactivity and safety is required. This concentration is extensively used in the production of explosives and in metal finishing processes, including pickling. The increased demand for this concentration level is driven by the growth of the construction and mining industries, which rely on explosives for various applications. Moreover, as manufacturers seek to enhance process efficiency while minimizing safety hazards, the 70-90% concentration level is likely to remain a preferred choice in the industry.

90-98%:

Concentrated nitric acid with a concentration level between 90-98% is primarily used in specialized applications where high purity and reactivity are essential. This grade is critical in the electronics and pharmaceutical industries, where it is utilized for producing high-quality materials and compounds. The demand for this concentration level is driven by the continuous advancements in technology and the increasing emphasis on product quality and performance. Additionally, as industries focus on optimizing their production processes, the utilization of 90-98% concentrated nitric acid is expected to grow, particularly in high-value applications.

>98%:

Greater than 98% concentrated nitric acid is reserved for specialized applications that require ultra-high purity levels, such as in research laboratories and high-tech manufacturing processes. This grade's demand is closely tied to the electronics and pharmaceutical industries, where even minimal contamination can lead to significant quality issues. The continuous growth in these sectors, driven by technological advancements and innovation, is expected to fuel the demand for greater than 98% concentrated nitric acid. Furthermore, as research and development activities increase globally, the necessity for high-purity chemicals will further reinforce the market for this concentration level.

By Region

Geographically, North America is expected to remain a significant market for concentrated nitric acid, driven by industrial growth and a robust agricultural sector. The region is projected to account for approximately 25% of the global market share by 2035, with a CAGR of about 4.7% during the forecast period. The presence of several key manufacturers and a strong focus on technological advancements in production processes are factors contributing to the market's growth in North America. The expansion of the automotive and electronics industries further reinforces the demand for concentrated nitric acid in this region, ensuring its continued relevance in a competitive landscape.

In the Asia Pacific region, the concentrated nitric acid market is anticipated to witness the highest growth rate, projected to reach about 35% of the global market share by 2035 with a CAGR of 6.1%. The rapid industrialization and urbanization in countries like China and India are driving the demand for concentrated nitric acid across various sectors, including agriculture, chemicals, and electronic manufacturing. The increasing focus on enhancing agricultural productivity to meet food security demands in the region further boosts the market. Additionally, the growing automotive and electronics industries will continue to drive significant demand for concentrated nitric acid, making Asia Pacific a pivotal region for market growth.

Opportunities

The concentrated nitric acid market is poised to benefit from several emerging opportunities that can shape its future landscape. One significant opportunity lies in the increasing awareness and implementation of sustainable agricultural practices globally. As farmers and agricultural organizations seek to enhance crop yields while minimizing environmental impact, the demand for efficient and effective fertilizers, including those containing concentrated nitric acid, is expected to rise. Furthermore, innovations in the formulation of fertilizers that utilize concentrated nitric acid can lead to greater efficiency and reduced waste. This trend presents an opportunity for manufacturers to develop advanced fertilizer products that not only cater to growing food demands but also align with sustainability goals, thereby enhancing their market position.

Another considerable opportunity exists in the growing electronics and semiconductor manufacturing industries, which heavily rely on high-purity concentrated nitric acid. With the increasing demand for advanced electronic devices and the continuous development of new technologies, the requirement for ultra-pure chemicals in manufacturing processes is set to rise. Companies that can offer specialized grades of concentrated nitric acid tailored for electronics production can capitalize on this expanding market. Additionally, the ongoing trend towards miniaturization and the development of new electronic components can lead to further opportunities for concentrated nitric acid manufacturers to innovate and provide high-quality products that meet industry standards.

Threats

Despite the promising growth outlook of the concentrated nitric acid market, several threats could impact its trajectory. One of the primary threats is the stringent regulatory environment surrounding the production and usage of chemicals, including concentrated nitric acid. Regulatory bodies are increasingly focused on environmental protection and worker safety, leading to the imposition of strict guidelines concerning chemical manufacturing processes. Compliance with these regulations can impose additional costs on manufacturers and may lead to operational challenges. Moreover, any non-compliance can result in severe penalties or operational shutdowns, which can adversely affect market dynamics and overall profitability in the concentrated nitric acid sector.

Another significant threat is the volatility in raw material prices, particularly as concentrated nitric acid is derived from ammonia, which is subject to fluctuating market conditions. Price instability of raw materials can lead to increased production costs, affecting the pricing strategy for concentrated nitric acid. This volatility can also create uncertainty in supply chains, impacting the ability of manufacturers to meet demand consistently. Additionally, economic downturns or slowdowns can lead to decreased industrial activity, thereby reducing demand for concentrated nitric acid across various sectors. Manufacturers must remain vigilant and adaptable to navigate these economic challenges effectively.

Competitor Outlook

• BASF SE
• Yara International ASA
• CF Industries Holdings, Inc.
• Huntsman Corporation
• Air Products and Chemicals, Inc.
• Agrium Inc.
• Eastman Chemical Company
• Honeywell International Inc.
• Lanxess AG
• INEOS Group
• Oxea GmbH
• Shin-Etsu Chemical Co., Ltd.
• Sociedad Quimica y Minera de Chile (SQM)
• Univar Solutions Inc.
• China National Chemical Corporation (ChemChina)

The competitive landscape of the concentrated nitric acid market is characterized by the presence of several key players, each striving to enhance their market position through various strategies such as product innovation, mergers and acquisitions, and geographic expansion. Leading manufacturers like BASF SE and Yara International ASA are focusing on research and development efforts to innovate their product offerings, ensuring they meet the evolving demands of end-users in various industries. Furthermore, these companies are investing in sustainable practices to reduce their environmental footprint, which is becoming increasingly important to consumers and regulatory bodies alike. The competitive landscape also sees players collaborating with local distributors and suppliers to strengthen their market reach and enhance customer service, ensuring they can promptly meet the growing demand for concentrated nitric acid.

Another critical aspect of the competitive landscape is the trend of strategic alliances among industry players, which enables sharing of resources and expertise. For instance, companies like CF Industries Holdings, Inc. and Huntsman Corporation are leveraging partnerships to enhance their production capabilities and expand into new regions. This collaborative approach allows them to mitigate risks associated with market fluctuations and regulatory challenges while capitalizing on emerging opportunities. Additionally, leading companies are also focusing on enhancing their distribution networks, ensuring they can effectively meet customer needs across different geographic locations, which is crucial for maintaining a competitive edge in the market.

As the concentration of nitric acid continues to expand across various applications and industries, major companies like Eastman Chemical Company and Air Products and Chemicals, Inc. are exploring new market segments to diversify their product offerings. These companies are actively investing in developing high-purity nitric acid grades tailored for specific applications, particularly in the electronics and pharmaceutical sectors. Such investments not only position these companies to meet rising demand but also allow them to gain a significant market share in niche segments. The combination of innovation, strategic partnerships, and a focus on sustainability will play a pivotal role in determining the competitive dynamics of the concentrated nitric acid market in the coming years.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Oxea GmbH
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Lanxess AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Agrium Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 INEOS Group
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Huntsman Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Univar Solutions Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Yara International ASA
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Eastman Chemical Company
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 CF Industries Holdings, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Honeywell International Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Shin-Etsu Chemical Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Air Products and Chemicals, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Sociedad Quimica y Minera de Chile (SQM)
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 China National Chemical Corporation (ChemChina)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Concentrated Nitric Acid Market, By Grade
    • 6.1.1 Commercial Grade
    • 6.1.2 Laboratory Grade
    • 6.1.3 Industrial Grade
    • 6.1.4 Electronic Grade
    • 6.1.5 Pharmaceutical Grade
  • 6.2 Concentrated Nitric Acid Market, By Application
    • 6.2.1 Fertilizers
    • 6.2.2 Explosives
    • 6.2.3 Nitroaromatics
    • 6.2.4 Steel Pickling
    • 6.2.5 Others
  • 6.3 Concentrated Nitric Acid Market, By Use Industry
    • 6.3.1 Agriculture
    • 6.3.2 Chemicals
    • 6.3.3 Electronics
    • 6.3.4 Automotive
    • 6.3.5 Healthcare
  • 6.4 Concentrated Nitric Acid Market, By Concentration Level
    • 6.4.1 50-70%
    • 6.4.2 70-90%
    • 6.4.3 90-98%
    • 6.4.4 >98%

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Concentrated Nitric Acid Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Concentrated Nitric Acid market is categorized based on

By Grade

• Commercial Grade
• Laboratory Grade
• Industrial Grade
• Electronic Grade
• Pharmaceutical Grade

By Application

• Fertilizers
• Explosives
• Nitroaromatics
• Steel Pickling
• Others

By Use Industry

• Agriculture
• Chemicals
• Electronics
• Automotive
• Healthcare

By Concentration Level

• 50-70%
• 70-90%
• 90-98%
• >98%

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• BASF SE
• Yara International ASA
• CF Industries Holdings, Inc.
• Huntsman Corporation
• Air Products and Chemicals, Inc.
• Agrium Inc.
• Eastman Chemical Company
• Honeywell International Inc.
• Lanxess AG
• INEOS Group
• Oxea GmbH
• Shin-Etsu Chemical Co., Ltd.
• Sociedad Quimica y Minera de Chile (SQM)
• Univar Solutions Inc.
• China National Chemical Corporation (ChemChina)