| Product Code: ETC5674248 | 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 |
The Republic of North Macedonia saw a significant concentration of concentrated nitric acid imports in 2024, with top exporting countries including the Netherlands, Germany, Algeria, Hungary, and Bulgaria. The Herfindahl-Hirschman Index (HHI) remained at a high level, indicating a concentrated market structure. The compound annual growth rate (CAGR) from 2020 to 2024 was a steady 4.53%, with a slight growth rate of 0.13% from 2023 to 2024. This data suggests a stable but concentrated market for nitric acid imports in North Macedonia, driven by key exporting nations.

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 Republic of Macedonia Concentrated Nitric Acid Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Concentrated Nitric Acid Market - Industry Life Cycle |
3.4 Republic of Macedonia Concentrated Nitric Acid Market - Porter's Five Forces |
3.5 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Republic of Macedonia Concentrated Nitric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for nitric acid in the agriculture sector for fertilizer production |
4.2.2 Growing use of nitric acid in the chemical industry for the production of various chemicals |
4.2.3 Investments in infrastructure development leading to increased demand for nitric acid in construction materials |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of concentrated nitric acid |
4.3.2 Environmental regulations and concerns regarding the production and usage of nitric acid |
4.3.3 Competition from alternative products or substitutes affecting market growth |
5 Republic of Macedonia Concentrated Nitric Acid Market Trends |
6 Republic of Macedonia Concentrated Nitric Acid Market Segmentations |
6.1 Republic of Macedonia Concentrated Nitric Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Strong, 2021-2031F |
6.1.3 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Fuming, 2021-2031F |
6.2 Republic of Macedonia Concentrated Nitric Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Ammonium Nitrate, 2021-2031F |
6.2.3 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Adipic Acid, 2021-2031F |
6.2.4 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Nitrobenzene, 2021-2031F |
6.2.5 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Toluene Diisocyanate, 2021-2031F |
6.3 Republic of Macedonia Concentrated Nitric Acid Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Agrochemicals, 2021-2031F |
6.3.3 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Explosives, 2021-2031F |
6.3.4 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Republic of Macedonia Concentrated Nitric Acid Market Revenues & Volume, By Electronics, 2021-2031F |
7 Republic of Macedonia Concentrated Nitric Acid Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Concentrated Nitric Acid Market Export to Major Countries |
7.2 Republic of Macedonia Concentrated Nitric Acid Market Imports from Major Countries |
8 Republic of Macedonia Concentrated Nitric Acid Market Key Performance Indicators |
8.1 Capacity utilization rate of nitric acid production facilities in Macedonia |
8.2 Average selling price of concentrated nitric acid in the market |
8.3 Number of new product developments or innovations in the nitric acid sector |
8.4 Percentage of market share held by Macedonian nitric acid producers in the regional market |
9 Republic of Macedonia Concentrated Nitric Acid Market - Opportunity Assessment |
9.1 Republic of Macedonia Concentrated Nitric Acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Republic of Macedonia Concentrated Nitric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Republic of Macedonia Concentrated Nitric Acid Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Republic of Macedonia Concentrated Nitric Acid Market - Competitive Landscape |
10.1 Republic of Macedonia Concentrated Nitric Acid Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Concentrated Nitric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |