Nitric and Sulphonitric Acids Market

Nitric and sulphonitric acids market: get the most recent facts and figures powered by an Ai-driven market research platform. Datasets cover consumption, market size, production, imports, exports, trade, companies, and market prices. Here is a breakdown by region, including EU, Africa, China, the U.K., the U.S., the Middle East, Russia, and Latin America. Market dynamics and forecast to 2030 are also provided in the reports.


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Nitric and Sulphonitric Acids - World's Largest Markets

RatingCountry
1China
2Japan
3United States
4India
5Saudi Arabia

In value terms, the largest nitric and sulphonitric acids markets worldwide were China, Japan and the United States, together comprising 46% of the global market. India, Saudi Arabia, Brazil, Russia, Canada, the UK, Thailand, Iran, Belgium and Germany lagged somewhat behind, together comprising a further 33%.

Russia recorded the highest growth rate of market size, among the main consuming countries over the period under review, while nitric and sulphonitric acids market for the other global leaders experienced more modest paces of growth.

Nitric And Sulphonitric Acids Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
South Korea137127133-1.5%
Belgium175175160-4.4%
Netherlands175209162-3.8%
Czech Republic200226173-7.0%
Slovakia201222177-6.2%
Germany210178191-4.6%
Portugal1831761922.4%
France3373183522.2%
United States615502505-9.4%
Average206194186-5.0%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($505 per ton), while South Korea ($133 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Portugal, while the other global leaders experienced mixed trends in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Vietnam303321283-3.4%
Netherlands15814923020.7%
Czech Republic259175212-9.5%
Malaysia1492021789.3%
Thailand189171168-5.7%
Spain195176165-8.0%
Japan160158159-0.3%
Germany195172157-10.3%
France154137144-3.3%
Belgium1381321400.7%
Denmark160143131-9.5%
Average2312322350.8%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Vietnam ($283 per ton), while Denmark ($131 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Nitric and Sulphonitric Acids - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Malaysia2127258.1%
Belgium2228232.3%
Germany2325230.3%
Japan18142313.8%
France202219-3.1%

In value terms, the largest nitric and sulphonitric acids importing markets worldwide were Malaysia ($25M), Belgium ($23M) and Germany ($23M), together comprising 22% of global imports. These countries were followed by Japan, France, Thailand, the Netherlands, Spain, Vietnam, Denmark and the Czech Republic, which together accounted for a further 29%.

The Czech Republic (+82.4% per year) recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Nitric and Sulphonitric Acids - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
South Korea7372740.2%
Belgium4346451.8%
Germany2938290.2%
United States191110-25.6%
France16159.9-20.4%

In value terms, South Korea ($74M), Belgium ($45M) and Germany ($29M) constituted the countries with the highest levels of exports in 2020, together accounting for 59% of global exports. The United States, France, the Czech Republic, Portugal, the Netherlands and Slovakia lagged somewhat behind, together accounting for a further 19%.

Among the main exporting countries, Slovakia recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Nitric and Sulphonitric Acids - Market Forecast

Driven by rising demand for nitric and sulphonitric acids worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Nitric and Sulphonitric Acids - Product Coverage

  • HS 2808 - Nitric acid; sulphonitric acids
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World - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for nitric and sulphonitric acids.

South-Eastern Asia - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in South-Eastern Asia.

Eastern Asia - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Eastern Asia.

Northern America - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Northern America.

Latin America and the Caribbean - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Latin America and the Caribbean.

Middle East - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in the Middle East.

Africa - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Africa.

Central Asia - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Central Asia.

Southern Asia - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Southern Asia.

Australia and Oceania - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Australia and Oceania.

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