The European production of Nitric Acid and Sulphonitric Acids saw Germany dominating with a strong share of 38.86%, followed by Belgium, Poland, and France. Between 2022 and 2023, Germany's production marginally increased by 1.92%. While Poland, Finland, and Portugal experienced notable growth with rates of 2.94%, 11.98%, and 14.85% respectively, France and Italy faced reductions, with Italy dropping substantially by 26.8%, reflecting potential market changes or operational issues. Over the last five years, the industry has experienced fluctuations, with Poland and smaller countries showing the potential for growth.
Future trends to watch include:
- Increased production efficiency due to technological advancements.
- Shifts in manufacturing bases possibly affecting national shares.
- Environmental regulations impacting overall industry output.
- Potential emerging markets in Eastern Europe focusing on sustainable production technologies.
Top countries in Sold Production of Nitric Acid, Sulphonitric Acids Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38.86 | 2023 | +5.18% | +1.92% | View data |
| 2 | 2 Belgium | 18.37 | 2023 | +5.02% | -0.4% | View data |
| 3 | 3 Poland | 12.03 | 2023 | +2.35% | +2.94% | View data |
| 4 | 4 France | 11.43 | 2023 | -8.17% | -10.81% | View data |
| 5 | 5 Spain | 7.4 | 2023 | +10.29% | +2.14% | View data |
| 6 | 6 Czechia | 3.6 | 2023 | |||
| 7 | 7 Finland | 2.41 | 2023 | +29.04% | +11.98% | View data |
| 8 | 8 Portugal | 0.99 | 2023 | +20.19% | +14.85% | View data |
| 9 | 9 Lithuania | 0.49 | 2023 | +4.49% | +5.94% | View data |
| 10 | 10 Denmark | 0.38 | 2023 | +2.53% | +2.97% | View data |
