Global Nitric Acid
Market Report
2025
Nitric Acid Market was valued at USD 27.9 Billion in 2022 and is projected to reach USD 35.2 Billion by 2030, registering a CAGR of 2.9% for the forecast period 2023-2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global Nitric Acid Market was valued at USD 27.9 Billion in 2022 and is projected to reach USD 35.2 Billion by 2030, registering a CAGR of 2.9% for the forecast period 2023-2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Nitric Acid Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 2.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Application |
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Market Split by End-Use Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Nitric Acid Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Nitric acid (HNO3) is a highly corrosive and strong mineral acid. It is a colorless liquid at room temperature and often has a yellowish tinge due to its decomposition into nitrogen dioxide and water vapor. The acid is known for its strong oxidizing properties and is commonly used in various industrial applications. Nitric acid is produced through the oxidation of ammonia to nitric oxide (NO) and then further oxidation of nitric oxide to nitrogen dioxide (NO2). The nitrogen dioxide is subsequently dissolved in water to form nitric acid.
The production of fertilizers including ammonium nitrate, potassium nitrate, calcium ammonium nitrate, and nitro phosphate uses nitric acid, which has several uses in the agricultural industry. In order to meet the increased need for food caused by the expanding population, fertilizers are employed to boost crop yields. High demand for organic and high-quality foods has also been fueled by customers' rising disposable incomes, which has also increased the usage of bio-based fertilizers and supported market expansion.
As toluene di-isocyanate (TDI) and HNO3 intermediate are used in the production of polyurethane foams, wood & floor coatings, and insulation materials, the increase in construction activities also contributes to the market's growth. The development of the HNO3 market is also fueled by factors such as bettering consumer lifestyles, an increase in renovation activity, and new government infrastructure projects. The product used to make dyes also a major role in the market's expansion. High demand for dye in the textile industry is correlated with growth in the fashion sector.
Nitric acid is released from chemical industrial facilities, car exhaust, and contaminated farm effluent. This environmental pollution leads to respiratory issues. Governmental guidelines for environmental preservation and reduced industrial waste act as market growth inhibitors. The market has been restricted by growing worries over vehicle CO2 emissions.
The coronavirus pandemic had a substantial impact on many end-use industries and temporarily paused commerce and manufacturing. Due to declining demand and decreased manufacturing caused by the epidemic, the economy also suffered, which disrupted the supply chain. The global standstill had a substantial influence on trading activity as well, which further decreased the supply of raw materials and raised the cost of finished items.
Reduced product demand resulted from the temporary closure of production facilities in end-use industries like the auto industry. This decreased demand has an impact on the market's expansion as a whole. The market, however, is anticipated to stabilize gradually as a result of expanding plastic use in the medical sector. Nitric acid market expansion is being fueled by the rising need for PPE kits, which has increased plastics manufacturing.
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Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.
Top Companies Market Share in Nitric Acid Industry: (In no particular order of Rank)
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Asia Pacific dominated the Nitric Acid market share of 11.75 billion in 2022, owing to increased product demand from a variety of end-use industries, including the automotive, agricultural, and construction industries, has been attributed to the increase. India, China, and Japan's expanding economies and expanding populations generate considerable demand for agricultural products. Due to its rapid population growth, expanding infrastructure, and rising middle-class affluence, which led to high nitric acid use, China dominated the Asia-Pacific region.
The current report Scope analyzes Nitric Acid Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Nitric Acid Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Nitric Acid Industry growth. Nitric Acid market has been segmented with the help of its Application, End-Use Industry , and others. Nitric Acid market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on application, the fertilizers segment dominates the market share throughout the forecast period. Due to increased agricultural activity to meet the need of the expanding population, the fertilizers category held the largest market share. Fertilizers like ammonium nitrate and calcium ammonium nitrate, which produce abundant and superior crop yields, are produced from nitric acid. The industry is expanding due to an increasing need for fertilizers with nitrogen as a primary ingredient.
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Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Nitric Acid Market.
Some of the key End-Use Industry of Nitric Acid are:
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Nitric Acid Market is witnessing significant growth in the near future.
In 2023, the Fertilizers segment accounted for noticeable share of global Nitric Acid Market and is projected to experience significant growth in the near future.
The Automotive segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BASF SE , Nutrien Ltd. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Application | Fertilizers, Nitrobenzene, Adipic Acid, Toluene Di-isocyanate, and Others |
End-Use Industry | Automotive, Agriculture, Construction, Others |
List of Competitors | BASF SE, Dupont, Nutrien Ltd., Omnia Holding Limited, Apache Nitrogen Products Inc., CF Industry Holdings, Inc, Rashtriya Chemicals & Fertilizers Ltd., Dyno Nobel, Sasol, Angus Chemical Company, Enaex S.A., LSB Industries, Thyssenkrupp AG, Yara International ASA, Ixom |
This chapter will help you gain GLOBAL Market Analysis of Nitric Acid. Further deep in this chapter, you will be able to review Global Nitric Acid Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Nitric Acid. Further deep in this chapter, you will be able to review North America Nitric Acid Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Nitric Acid. Further deep in this chapter, you will be able to review Europe Nitric Acid Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Nitric Acid. Further deep in this chapter, you will be able to review Asia Pacific Nitric Acid Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Nitric Acid. Further deep in this chapter, you will be able to review South America Nitric Acid Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Nitric Acid. Further deep in this chapter, you will be able to review Middle East Nitric Acid Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Nitric Acid. Further deep in this chapter, you will be able to review Middle East Nitric Acid Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Nitric Acid. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Analysis 2019 -2031, will provide market size split by Application. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-Use Industry Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Nitric Acid market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Fertilizers have a significant impact on Nitric Acid market? |
What are the key factors affecting the Fertilizers and Nitrobenzene of Nitric Acid Market? |
What is the CAGR/Growth Rate of Automotive during the forecast period? |
By type, which segment accounted for largest share of the global Nitric Acid Market? |
Which region is expected to dominate the global Nitric Acid Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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