Nitric Acid Sales

Nitric Acid Sales Market Outlook

As of 2023, the global nitric acid sales market is valued at approximately USD 25 billion, with a projected compound annual growth rate (CAGR) of around 3.8% during the forecast period from 2025 to 2035. The growth of the nitric acid market can be attributed to its essential role in various industrial applications, particularly in the agricultural sector, where it serves as a key ingredient in fertilizers. Additionally, factors such as increased demand for explosives in mining and construction sectors, as well as its application in the production of nitrobenzene and toluene diisocyanate (TDI), contribute to the market's expansion. Moreover, growing awareness of sustainable agricultural practices and rising crop yields are driving the demand for nitric acid-based fertilizers, thereby fostering further growth in the market.

Growth Factor of the Market

The nitric acid sales market is primarily driven by the increasing agricultural activities globally, particularly in developing nations where the need for enhanced food production is paramount. The rise in population and urbanization necessitates higher agricultural output, prompting farmers to adopt chemical fertilizers, including those based on nitric acid. Furthermore, the expanding automotive sector, which utilizes nitric acid in the manufacturing of various components, is contributing to the market’s growth. The increasing focus on infrastructure development, particularly in emerging economies, is stimulating demand for explosives, which further boosts nitric acid consumption. Additionally, advancements in manufacturing processes and technology are enhancing the efficiency and output of nitric acid production, providing a positive outlook for the market in the coming years.

Key Highlights of the Market

• The global nitric acid market is projected to grow at a CAGR of 3.8% from 2025 to 2035.
• A significant portion of nitric acid is consumed in the production of fertilizers, which is a major driving force for the market.
• The agricultural sector is expected to dominate the end-use industry segment, with continuous growth driven by increasing food demands.
• Regional demand, particularly from Asia Pacific and North America, is anticipated to significantly influence market dynamics.
• The advent of environmentally friendly production practices is likely to create new opportunities in the market.

By Grade

Commercial Grade :

Commercial grade nitric acid is extensively used in the agricultural sector as a key ingredient in fertilizers. This grade of nitric acid is characterized by its purity and is mainly produced for industrial applications. The high volume of production and consumption in this category is primarily driven by the demand for ammonium nitrate, which is a popular nitrogenous fertilizer. With the increasing awareness regarding food security and sustainable agricultural practices, the commercial grade segment is anticipated to witness robust growth. Furthermore, the versatility of commercial-grade nitric acid in various chemical reactions and processes makes it a valuable asset in the manufacturing processes of numerous industries, including chemicals and explosives.

Reagent Grade :

Reagent grade nitric acid is of high purity and is primarily utilized in laboratories and research institutions for analytical and chemical applications. The purity of this grade is essential for ensuring the accuracy and reliability of experimental results. As research and development activities continue to expand across sectors such as pharmaceuticals, biotechnology, and environmental testing, the demand for reagent-grade nitric acid is projected to increase. Its application in synthesizing other chemicals and as a reagent in various reactions further accentuates its importance in the chemical industry. Moreover, the growing focus on scientific research and innovation is expected to propel the reagent-grade segment in the nitric acid market.

Laboratory Grade :

Laboratory grade nitric acid, similar to reagent grade, is characterized by high purity and is primarily used in educational and research institutions for various experiments and chemical processes. The demand for laboratory-grade nitric acid has been increasing with the rise in academic research and scientific studies. This grade is essential for conducting experiments that require precise chemical reactions, making it indispensable in educational laboratories. The expanding field of analytical chemistry, where laboratory-grade nitric acid is routinely used for sample preparation and analysis, is expected to contribute to the growth of this segment. As educational institutions and research facilities continue to proliferate worldwide, the laboratory-grade nitric acid segment is poised for steady growth.

Electronic Grade :

Electronic grade nitric acid is specifically formulated for use in the semiconductor and electronics industry. Its ultra-pure formulation is vital for applications that require a high level of cleanliness and absence of contaminants. With the rapid growth of the electronics sector, particularly in regions such as Asia-Pacific, the demand for electronic grade nitric acid is expected to rise sharply. This grade is primarily used in the production of various electronic components, including circuit boards and semiconductors, where any impurities could lead to defects. As technology continues to advance and the demand for electronic devices increases, the electronic grade segment presents significant opportunities for growth in the nitric acid sales market.

Explosives Grade :

Explosives grade nitric acid is a key ingredient in the production of various explosives, including those used in mining and construction applications. This grade is characterized by its high concentration and specific formulation to meet explosive manufacturing standards. The ongoing growth in mining activities and construction projects worldwide is driving demand for explosives, consequently boosting the demand for explosives grade nitric acid. Furthermore, geopolitical tensions and rising defense expenditures in various countries are likely to spur the growth of this segment, as it is crucial for defense-related applications. As the global demand for mining and construction continues to surge, the explosives grade nitric acid segment is expected to witness promising growth in the coming years.

By Application

Fertilizers :

The application of nitric acid in fertilizers is one of the most significant aspects of its market demand. Nitric acid is used to produce ammonium nitrate, which is a widely applied nitrogenous fertilizer essential for enhancing crop yields. As the global population continues to grow, the need for food production increases, making fertilizers a crucial aspect of agricultural sustainability. The application of nitric acid in fertilizers is expected to remain dominant in the market due to ongoing agricultural innovations and the adoption of advanced farming techniques that require high-quality fertilizers. Additionally, the rising trend towards organic farming is also driving the demand for controlled-release fertilizers, which often incorporate nitric acid, thus supporting the growth of this application segment.

Nitrobenzene :

Nitrobenzene is a significant chemical compound derived from nitric acid, primarily used in the production of aniline, which is a precursor for dyes, pharmaceuticals, and other chemicals. The growing industrial demand for nitrobenzene, particularly in the chemical and manufacturing industries, is driving the consumption of nitric acid for this application. The expansion of the dye and pigment manufacturing sector is a notable driver, with increasing applications in textiles and coatings. Furthermore, as the automotive and electronics industries continue to evolve, there is a rising demand for high-performance materials, which often require nitrobenzene as a key ingredient. Therefore, the nitrobenzene application of nitric acid is expected to witness steady growth in line with the advancements in the chemical industry.

Toluene Diisocyanate :

Toluene diisocyanate (TDI) is another critical application for nitric acid, primarily used in the production of flexible polyurethane foams, which are extensively utilized in automotive, furniture, and insulation industries. The increasing demand for lightweight and high-performance materials, particularly in the automotive and construction sectors, is driving the consumption of TDI, which in turn boosts the demand for nitric acid. The growth of the construction industry, along with rising consumer preferences for comfort and durability in furniture, is likely to propel the TDI application segment. Additionally, the focus on sustainable materials and eco-friendly alternatives is promoting the growth of TDI and its derivatives, further enhancing the nitric acid market.

Adipic Acid :

Adipic acid is produced using nitric acid and is predominantly used in the manufacturing of nylon and other synthetic fibers. The demand for nylon in the textile and automotive industries is a significant driver for the adipic acid application of nitric acid. As the global demand for high-performance textiles and materials rises, particularly in the automotive sector, the consumption of adipic acid is expected to increase. Furthermore, the expansion of the textile industry, coupled with ongoing innovations in synthetic materials, is influencing the adipic acid market positively. The increasing focus on sustainability and recycling within the industry is also expected to support the growth of adipic acid, thus benefiting the nitric acid sales market as well.

Others :

A range of other applications for nitric acid exists outside the primary segments, including its use in the production of explosives, metal finishing, and pharmaceuticals. Each of these applications presents unique opportunities for demand growth. In the explosives sector, nitric acid is critical for manufacturing various types of explosives used in mining and construction, which is expected to grow with increasing infrastructure development. In metal finishing, nitric acid is utilized for cleaning and etching metals, and as industries look to enhance precision in manufacturing processes, this application will remain relevant. The pharmaceutical industry also relies on nitric acid for producing active pharmaceutical ingredients, and as global health standards continue to evolve, so will the need for chemicals like nitric acid in this market.

By Use Industry

Agriculture :

The agriculture industry is the largest consumer of nitric acid, as it plays a vital role in the production of fertilizers necessary for crop growth. The increasing global population and the rising need for food security are driving the demand for nitrogen fertilizers, which is significantly boosting the use of nitric acid in this sector. Moreover, advancements in agricultural practices, including precision farming and the use of high-efficiency fertilizers, are further propelling this demand. The growing trend towards sustainable farming methods that integrate nitrogen fertilizers into their practices is also expected to drive nitric acid consumption, making agriculture a dominant segment in the nitric acid sales market.

Chemicals :

The chemicals industry is another significant end-user of nitric acid, as it serves as a precursor in the synthesis of various chemical compounds, including nitrobenzene, adipic acid, and explosives. The versatility of nitric acid in chemical manufacturing is essential for producing high-value products in the chemical sector. As the global economy continues to evolve and demand for chemical products increases, the chemicals industry is expected to remain a strong contributor to the nitric acid market. Additionally, with the rising focus on specialty chemicals and advanced materials, the nitric acid segment is poised for further growth as manufacturers seek high-quality inputs for their production processes.

Explosives :

The explosives industry relies heavily on nitric acid for the production of ammonium nitrate and other explosive materials. This sector has been experiencing growth due to increasing construction activities, mining operations, and defense expenditures in various parts of the world. As infrastructure projects expand, particularly in emerging economies, the demand for explosives, and consequently for nitric acid, is projected to rise. The explosives industry is characterized by its specialized requirements, which necessitate high-purity nitric acid to ensure safety and efficacy in explosive materials. This specific usage is vital for the growth trajectory of the nitric acid market, as it aligns with the broader trends of industrial development.

Automotive :

Nitric acid finds applications in the automotive sector, primarily for producing components and materials requiring chemical synthesis. The automotive industry is progressively focusing on lightweight materials that enhance fuel efficiency, and nitric acid plays a role in synthesizing various adhesives, coatings, and other materials. As the automotive market evolves towards electric and hybrid vehicles, the demand for specialized materials and components will increase, indirectly supporting the nitric acid segment. The regulatory push for adherence to environmental standards and the demand for high performance in automotive materials will further enhance the nitric acid market's position within this industry.

Others :

The classification of “Others” encompasses a variety of industries that utilize nitric acid, including pharmaceuticals, textiles, and metal finishing. In the pharmaceutical industry, nitric acid is crucial for synthesizing certain pharmaceutical compounds, contributing to healthcare advancements. The textile industry employs nitric acid in dye production and fabric treatment processes, while the metal finishing sector utilizes it for cleaning and etching metals. As these industries evolve with technological advancements and environmental regulations, the demand for nitric acid is anticipated to continue growing. This diverse application base highlights the multifaceted role of nitric acid across different sectors, ensuring its relevance in the overall market.

By Distribution Channel

Direct Sales :

Direct sales of nitric acid account for a significant portion of the market, as manufacturers often engage in direct transactions with large-scale users such as chemical plants, fertilizer manufacturers, and construction companies. This distribution method allows for better pricing and supply chain management, ensuring that customers receive high-quality nitric acid tailored to their specific needs. Direct sales also enable manufacturers to build strong relationships with their clients, facilitating repeat business and long-term contracts. As the demand for nitric acid continues to rise, the direct sales channel is expected to remain robust, characterized by strategic partnerships and negotiated agreements that benefit both manufacturers and consumers.

Indirect Sales :

Indirect sales channels encompass a broader distribution network, involving intermediaries such as distributors and wholesalers who supply nitric acid to smaller industrial players and end-users. This method is particularly beneficial for companies that may not require large quantities of nitric acid but still need access to high-quality products for their operations. Indirect sales provide flexibility and convenience, allowing smaller businesses to source chemicals without committing to bulk purchases. As the market for nitric acid expands, the role of indirect sales will likely grow, reflecting the increasing diversification of end-users across various industries. This segment is expected to thrive as it offers an essential link between manufacturers and a wide array of consumption points.

By Region

The regional landscape of the nitric acid sales market is characterized by significant diversity, with North America and Europe being prominent contributors. In North America, the market is valued at approximately USD 10 billion, driven by strong agricultural practices and a well-established chemicals industry. The ongoing investments in agricultural technology and infrastructure are expected to propel the growth of nitric acid in this region. Meanwhile, Europe, with its stringent agricultural regulations and focus on sustainable practices, is projected to exhibit a CAGR of approximately 4.1% from 2025 to 2035, reflecting a growing emphasis on eco-friendly fertilizers and chemical processes. The regulatory frameworks and environmental policies in Europe are likely to play a crucial role in shaping the nitric acid market in the coming years.

In the Asia Pacific region, the nitric acid sales market is experiencing rapid growth, currently valued at around USD 8 billion due to increasing industrialization and agricultural demand. Countries like China and India are leading the charge, where the rising population and food requirements are driving the need for nitrogen fertilizers. The region is projected to expand at a CAGR of around 4.5%, fueled by significant investments in agriculture and the chemicals industry. Moreover, the Latin America and Middle East & Africa regions, while smaller in comparison, are also witnessing growth due to emerging markets and the expanding agricultural sectors. Overall, the regional dynamics of the nitric acid market display a mix of established markets and emerging opportunities that will shape its future trajectory.

Opportunities

The nitric acid sales market holds substantial opportunities for growth, particularly through technological advancements and the development of greener production methods. The growing emphasis on sustainability in manufacturing processes has prompted companies to innovate and adopt eco-friendly practices. For instance, the integration of renewable energy sources in the production of nitric acid could significantly reduce carbon footprints and enhance profitability. Additionally, there is a strong potential for the development of specialty nitric acids tailored for specific applications, such as electronic grade for the semiconductor industry, which could open new avenues for market expansion. This trend towards sustainability and specialization in production offers manufacturers a competitive edge and aligns with global efforts towards reducing environmental impact.

Furthermore, the increasing demand for fertilizers driven by the global need for food security presents a significant opportunity for the nitric acid market. As agricultural practices evolve, the introduction of controlled-release fertilizers and innovative nutrient delivery systems can lead to higher efficiency and better crop yields. This shift towards advanced fertilizer options is gaining traction among farmers who are looking to optimize their outputs and minimize waste. Additionally, collaborations between agricultural stakeholders and chemical manufacturers can facilitate the development of customized solutions that meet specific regional needs, further driving the growth of the nitric acid market. Overall, the convergence of sustainability, technology, and agricultural innovation presents a promising landscape for the nitric acid sales market.

Threats

Despite the promising outlook for the nitric acid sales market, several threats could impede growth. One of the primary concerns is the volatility of raw material prices, which can significantly impact production costs. Fluctuations in the prices of natural gas and other feedstocks used in the production of nitric acid can lead to uncertainty for manufacturers, affecting pricing strategies and profitability. Additionally, the global push for stricter environmental regulations presents a challenge, as companies may face increased compliance costs and the need for investments in cleaner technologies. This regulatory pressure can also stifle innovation, particularly among smaller players who may lack the resources to adapt swiftly to changing requirements.

Moreover, competition from alternative fertilizers and crop enhancement products poses a threat to the traditional market for nitric acid-based fertilizers. As agricultural technologies evolve, alternatives such as bio-based fertilizers and sustainable agricultural practices are gaining acceptance among farmers, potentially reducing the demand for conventional nitrogen fertilizers. This shift in preference could lead to market destabilization and may require nitric acid producers to rethink their strategies to remain competitive. The confluence of economic factors, regulatory challenges, and changing consumer preferences necessitates a proactive and adaptable approach from companies operating within the nitric acid sales market.

Competitor Outlook

• Yara International ASA
• CF Industries Holdings, Inc.
• Orica Limited
• Potash Corporation of Saskatchewan Inc.
• Nitrochemicals
• Eastman Chemical Company
• Hindalco Industries Limited
• Jiangsu Huachang Chemical Co. Ltd.
• Alfred Teves GmbH
• OCI Nitrogen
• Circle K International
• Huntsman Corporation
• Lanxess AG
• Solvay SA
• Ammonia Industry International

The competitive landscape of the nitric acid sales market is characterized by the presence of several key players, each vying to establish a stronghold in this diverse and growing sector. Major companies such as Yara International ASA and CF Industries Holdings, Inc. dominate the market due to their extensive production capabilities and established distribution networks. Yara International, for instance, is known for its innovative nitrogen solutions and commitment to sustainable agriculture, which aligns with the evolving demands of the market. Additionally, CF Industries has been focusing on technological advancements to enhance production efficiency, further solidifying its position in the nitric acid market.

Orica Limited is another significant player in the nitric acid segment, particularly in explosives applications. The company specializes in providing leading solutions for the mining industry, and its strong focus on research and development has led to the introduction of innovative products and services. Furthermore, Potash Corporation of Saskatchewan Inc. has diversified its portfolio to include nitric acid production, catering to the agricultural sector with high-quality fertilizers. The competition among these key players is intensifying as they seek to capture a larger share of the nitric acid market through strategic partnerships, mergers, and acquisitions, and by enhancing their product offerings.

In addition to the established companies, newer entrants and regional players are emerging, creating a dynamic competitive environment. Companies such as Nitrochemicals and Jiangsu Huachang Chemical Co. Ltd. are gaining traction by focusing on localized production and distribution strategies. This trend is particularly relevant in regions like Asia-Pacific, where industrialization and agricultural demand are surging. As these companies strive to meet the specific needs of their customers, they contribute to the overall competitiveness of the nitric acid sales market. In conclusion, the competitive landscape is characterized by a blend of established players and dynamic newcomers, each contributing to the growth and evolution of the nitric acid market.

• 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 Solvay SA
    • 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 Lanxess AG
    • 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 OCI Nitrogen
    • 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 Orica Limited
    • 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 Nitrochemicals
    • 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 Alfred Teves GmbH
    • 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 Huntsman Corporation
    • 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 Circle K International
    • 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 Yara International ASA
    • 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 Eastman Chemical Company
    • 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 Hindalco Industries Limited
    • 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 CF Industries Holdings, Inc.
    • 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 Ammonia Industry International
    • 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 Jiangsu Huachang Chemical Co. Ltd.
    • 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 Potash Corporation of Saskatchewan Inc.
    • 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 Nitric Acid Sales Market, By Grade
    • 6.1.1 Commercial Grade
    • 6.1.2 Reagent Grade
    • 6.1.3 Laboratory Grade
    • 6.1.4 Electronic Grade
    • 6.1.5 Explosives Grade
  • 6.2 Nitric Acid Sales Market, By Application
    • 6.2.1 Fertilizers
    • 6.2.2 Nitrobenzene
    • 6.2.3 Toluene Diisocyanate
    • 6.2.4 Adipic Acid
    • 6.2.5 Others
  • 6.3 Nitric Acid Sales Market, By Use Industry
    • 6.3.1 Agriculture
    • 6.3.2 Chemicals
    • 6.3.3 Explosives
    • 6.3.4 Automotive
    • 6.3.5 Others
  • 6.4 Nitric Acid Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 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 Nitric Acid Sales Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 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 Nitric Acid Sales market is categorized based on

By Grade

• Commercial Grade
• Reagent Grade
• Laboratory Grade
• Electronic Grade
• Explosives Grade

By Application

• Fertilizers
• Nitrobenzene
• Toluene Diisocyanate
• Adipic Acid
• Others

By Use Industry

• Agriculture
• Chemicals
• Explosives
• Automotive
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Region

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

Key Players

• Yara International ASA
• CF Industries Holdings, Inc.
• Orica Limited
• Potash Corporation of Saskatchewan Inc.
• Nitrochemicals
• Eastman Chemical Company
• Hindalco Industries Limited
• Jiangsu Huachang Chemical Co. Ltd.
• Alfred Teves GmbH
• OCI Nitrogen
• Circle K International
• Huntsman Corporation
• Lanxess AG
• Solvay SA
• Ammonia Industry International