| Product Code: ETC5674223 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Maldives continued to rely on imports of concentrated nitric acid in 2024, with top exporting countries being South Korea, India, Spain, Turkey, and the UAE. The market experienced high concentration levels with a high Herfindahl-Hirschman Index (HHI) in 2024. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, the growth rate in 2024 surged significantly by 72.51%, indicating potential shifts in market dynamics and demand patterns. These developments suggest a complex landscape for concentrated nitric acid imports into Maldives, necessitating a nuanced understanding of market trends.

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 Maldives Concentrated Nitric Acid Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Concentrated Nitric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Concentrated Nitric Acid Market - Industry Life Cycle |
3.4 Maldives Concentrated Nitric Acid Market - Porter's Five Forces |
3.5 Maldives Concentrated Nitric Acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Concentrated Nitric Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Maldives Concentrated Nitric Acid Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Maldives Concentrated Nitric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for concentrated nitric acid in the agriculture sector for fertilizer production |
4.2.2 Growth in the chemical industry, particularly for manufacturing explosives and other chemicals |
4.2.3 Rising use of concentrated nitric acid in metal processing and cleaning applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulations on environmental protection and safety measures for handling concentrated nitric acid |
4.3.3 Competition from alternative products or substitutes affecting market penetration |
5 Maldives Concentrated Nitric Acid Market Trends |
6 Maldives Concentrated Nitric Acid Market Segmentations |
6.1 Maldives Concentrated Nitric Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Strong, 2021-2031F |
6.1.3 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Fuming, 2021-2031F |
6.2 Maldives Concentrated Nitric Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Ammonium Nitrate, 2021-2031F |
6.2.3 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Adipic Acid, 2021-2031F |
6.2.4 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Nitrobenzene, 2021-2031F |
6.2.5 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Toluene Diisocyanate, 2021-2031F |
6.3 Maldives Concentrated Nitric Acid Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Agrochemicals, 2021-2031F |
6.3.3 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Explosives, 2021-2031F |
6.3.4 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Maldives Concentrated Nitric Acid Market Revenues & Volume, By Electronics, 2021-2031F |
7 Maldives Concentrated Nitric Acid Market Import-Export Trade Statistics |
7.1 Maldives Concentrated Nitric Acid Market Export to Major Countries |
7.2 Maldives Concentrated Nitric Acid Market Imports from Major Countries |
8 Maldives Concentrated Nitric Acid Market Key Performance Indicators |
8.1 Average selling price of concentrated nitric acid in the Maldives market |
8.2 Capacity utilization rate of concentrated nitric acid production facilities |
8.3 Number of new applications or industries adopting concentrated nitric acid for their processes |
8.4 Investment in research and development for innovative uses of concentrated nitric acid |
8.5 Rate of adoption of sustainable practices in concentrated nitric acid production and usage |
9 Maldives Concentrated Nitric Acid Market - Opportunity Assessment |
9.1 Maldives Concentrated Nitric Acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Concentrated Nitric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Maldives Concentrated Nitric Acid Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Maldives Concentrated Nitric Acid Market - Competitive Landscape |
10.1 Maldives Concentrated Nitric Acid Market Revenue Share, By Companies, 2024 |
10.2 Maldives Concentrated Nitric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |