| Product Code: ETC5674195 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The concentrated nitric acid import shipments to Finland in 2024 continued to show a high level of concentration, with top exporting countries being Sweden, Poland, Norway, Czechia, and Netherlands. The Herfindahl-Hirschman Index (HHI) indicated a shift from very high concentration in 2023 to high concentration in 2024, reflecting a more balanced distribution among these key exporting nations. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 11.46%, with a notable growth rate of 25.5% from 2023 to 2024, suggesting a strong upward trajectory in Finland`s import of concentrated nitric acid.

The Concentrated Nitric Acid Market in Finland is growing due to the increasing demand for nitric acid in the production of fertilizers, explosives, and chemicals. Finlands strong industrial base, particularly in chemical manufacturing, contributes to the markets growth. The countrys focus on sustainable chemical production practices is also driving the need for high-quality, environmentally friendly nitric acid, which is leading to innovation and efficiency improvements in the industry.
The Concentrated Nitric Acid Market in Finland is growing due to its extensive use in industries like chemicals, fertilizers, and explosives. As demand for agricultural products and industrial chemicals increases, the need for nitric acid as a key raw material in production processes continues to drive market growth, particularly in sectors like mining and agriculture.
The concentrated nitric acid market in Finland faces challenges from environmental regulations and the need for safer production and transportation methods. Increasing demand from industries like fertilizer production is met with rising raw material costs, further complicating the market. Additionally, the high volatility of nitric acid prices and competition from alternative products poses a challenge to the market`s growth.
The Finnish government enforces strict regulations regarding the production and use of concentrated nitric acid, with an emphasis on environmental safety and hazardous material handling. Policies aim to reduce emissions and encourage the adoption of greener chemical manufacturing processes. Finland is committed to ensuring the safe transportation, storage, and disposal of nitric acid, aligning with EU environmental standards.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Finland Concentrated Nitric Acid Market Overview |
3.1 Finland Country Macro Economic Indicators |
3.2 Finland Concentrated Nitric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Finland Concentrated Nitric Acid Market - Industry Life Cycle |
3.4 Finland Concentrated Nitric Acid Market - Porter's Five Forces |
3.5 Finland Concentrated Nitric Acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Finland Concentrated Nitric Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Finland Concentrated Nitric Acid Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Finland Concentrated Nitric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for nitric acid in various industrial applications such as fertilizers, explosives, and chemical manufacturing. |
4.2.2 Increasing investments in research and development for new nitric acid production technologies. |
4.2.3 Favorable government regulations supporting the production and use of nitric acid in Finland. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices, such as ammonia and natural gas, impacting the production cost of concentrated nitric acid. |
4.3.2 Environmental concerns related to nitric acid production processes leading to stricter regulations. |
4.3.3 Competition from substitute products affecting the market demand for concentrated nitric acid. |
5 Finland Concentrated Nitric Acid Market Trends |
6 Finland Concentrated Nitric Acid Market Segmentations |
6.1 Finland Concentrated Nitric Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Finland Concentrated Nitric Acid Market Revenues & Volume, By Strong, 2021-2031F |
6.1.3 Finland Concentrated Nitric Acid Market Revenues & Volume, By Fuming, 2021-2031F |
6.2 Finland Concentrated Nitric Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Finland Concentrated Nitric Acid Market Revenues & Volume, By Ammonium Nitrate, 2021-2031F |
6.2.3 Finland Concentrated Nitric Acid Market Revenues & Volume, By Adipic Acid, 2021-2031F |
6.2.4 Finland Concentrated Nitric Acid Market Revenues & Volume, By Nitrobenzene, 2021-2031F |
6.2.5 Finland Concentrated Nitric Acid Market Revenues & Volume, By Toluene Diisocyanate, 2021-2031F |
6.3 Finland Concentrated Nitric Acid Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Finland Concentrated Nitric Acid Market Revenues & Volume, By Agrochemicals, 2021-2031F |
6.3.3 Finland Concentrated Nitric Acid Market Revenues & Volume, By Explosives, 2021-2031F |
6.3.4 Finland Concentrated Nitric Acid Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Finland Concentrated Nitric Acid Market Revenues & Volume, By Electronics, 2021-2031F |
7 Finland Concentrated Nitric Acid Market Import-Export Trade Statistics |
7.1 Finland Concentrated Nitric Acid Market Export to Major Countries |
7.2 Finland Concentrated Nitric Acid Market Imports from Major Countries |
8 Finland Concentrated Nitric Acid Market Key Performance Indicators |
8.1 Energy efficiency of nitric acid production processes. |
8.2 Adoption rate of sustainable production practices in the nitric acid industry. |
8.3 Market penetration of concentrated nitric acid in key industrial sectors in Finland. |
9 Finland Concentrated Nitric Acid Market - Opportunity Assessment |
9.1 Finland Concentrated Nitric Acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Finland Concentrated Nitric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Finland Concentrated Nitric Acid Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Finland Concentrated Nitric Acid Market - Competitive Landscape |
10.1 Finland Concentrated Nitric Acid Market Revenue Share, By Companies, 2024 |
10.2 Finland Concentrated Nitric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |