Nitric Acid Global Market Report 2025

Nitric Acid Global Market Report 2025 – By Type (Concentrated Nitric Acid, Dilute Nitric Acid), By Application (Fertilizers, Nitrobenzene, Adipic Acid, Toluene Diisocyanate (TDI), Nitrochlorobenzene, Other Applications), By End-Use Industry (Explosives, Agrochemicals, Electronics, Automotive, Other End-Use Industries) – Market Size, Trends, And Global Forecast 2025-2034

Name: Nitric Acid Global Market Report 2025
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Nitric Acid Global Market Report 2025

Report Price : $4490.00 | Pages : 175 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Nitric Acid Market Definition

Nitric acid is a red fume that appears as a pale yellow to reddish-brown liquid and generates red-brown fumes produced by the oxidation of ammonia, which is primarily used as raw material for the manufacture of fertilizers and explosives. Nitric acid is used in the automotive and fertilizer industries for various manufacturing purposes.

The main types of nitric acid are concentrated nitric acid and dilute nitric acid. Concentrated nitric acid refers to the strong oxidizing agent generally stored in dark brown bottles because of the photolytic decomposition of dinitrogen tetroxide. Concentrated nitric acid is used to prevent spontaneous explosions during the manufacturing process. The various types of applications are fertilizers, nitrobenzene, adipic acid, toluene diisocyanate (TDI), nitrochlorobenzene, and others that are used in various industries such as explosives, agrochemicals, electronics, automotive, and others.

Nitric Acid Market Segmentation

The nitric acid market covered in this report is segmented –

1) By Type: Concentrated Nitric Acid, Dilute Nitric Acid

2) By Application: Fertilizers, Nitrobenzene, Adipic Acid, Toluene Diisocyanate (TDI), Nitrochlorobenzene, Other Applications

3) By End-Use Industry: Explosives, Agrochemicals, Electronics, Automotive, Other End-Use Industries

Subsegments:

1) By Concentrated Nitric Acid: Industrial Grade Concentrated Nitric Acid, Laboratory Grade Concentrated Nitric Acid

2) By Dilute Nitric Acid: Dilute Nitric Acid For Laboratory Use, Dilute Nitric Acid For Industrial Applications

Nitric Acid Market Size and growth rate 2025 to 2029: Graph

Nitric Acid Market Size 2025 And Growth Rate

The nitric acid market size has grown steadily in recent years. It will grow from $22.22 billion in 2024 to $22.87 billion in 2025 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to increase in agricultural demand, infrastructure development, population growth, production of explosives, changes in environmental regulations.

Nitric Acid Market Growth Forecast

The nitric acid market size is expected to see steady growth in the next few years. It will grow to $26.9 billion in 2029 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to increase in sustainable practices, rise in demand for electronics, advancements in renewable energy, rise in water treatment, urbanization. Major trends in the forecast period include shift towards green nitric acid, digitalization, customized nitric acid solutions, collaboration for innovation, hybrid production processes.

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Nitric Acid Market Driver: Rising Industrial Applications Drives Growth In The Nitric Acid Market

The increasing use of nitric acid in fertilizer, explosives, polyurethanes, polyamides, and other industries is driving the growth of the nitric acid market. Nitric acid is primarily used to manufacture explosives for coal mining, limestone for cement and the fertilizer manufacturing process, due to which the demand for nitric acid is more than 98% in the industries. For instance, according to the Fertiliser Association of India, an India-based representative body of the fertilizer industry, the All-India NPK use ratio widened from 7.7:3.1:1 in 2021-22 to 11.8:4.6:1 in 2022-23, indicating a significant increase in nitrogen use relative to phosphorus and potassium fertilizers. Therefore, the increasing use of nitric acid in fertilizer, explosives, polyurethanes, polyamides, and other industries is driving the growth of the nitric acid market.

Nitric Acid Market Driver: Rising Expansion Of Agriculture Sector Fuels Growth In The Nitric Acid Market

The increasing expansion of agricultural sector is expected to propel the growth of nitric acid market going forward. The agricultural sector refers to the segment of the economy that encompasses activities related to the cultivation of land, raising and harvesting crops, and the rearing of livestock. In agriculture, nitric acid is employed for the production of ammonium nitrate fertilizers, contributing essential nitrogen to enhance crop growth and yield, while also serving as a soil amendment for pH adjustment. For instance, in June 2022, according to the Organization for Economic Co-operation and Development, a France-based intergovernmental organization, agricultural productivity would need to increase by 28% in the next decade to achieve the zero-hunger target. Further, global crop production is estimated to increase by 87% by 2030. Therefore, the increasing expansion of agricultural sector is driving the growth of nitric acid market.

Global Nitric Acid Market Major Players

Major companies operating in the nitric acid market include BASF SE, Yara International ASA, CF Industries Holdings Inc., Nutrien Ltd., The Dow Chemical Company, LSB Industries Inc., Deepak Fertilisers and Petrochemicals Corporation Ltd., Rashtriya Chemicals and Fertilizers Ltd., Grupa Azoty S.A., OCI N.V., EuroChem Group AG, Indian Farmers Fertiliser Cooperative Limited, Thyssenkrupp AG, Dyno Nobel Pty Limited, Hanwha Corporation, Dupont de Nemours Inc., Apache Nitrogen Products Inc., Enaex S.A., Sasol Limited, UBE Industries Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Ltd., TogliattiAzot, Qatar Fertiliser Company, Orica Limited, Koch Fertilizer LLC, SBU Azot, Petroleo Brasileiro S.A. (Petrobras), Sichuan Meifeng Chemical Industry Co., Ltd., Haifa Group, Mitsubishi Gas Chemical Company Inc.

Global Nitric Acid Market Trend: Technological Advancements Driving Innovation In Nitric Acid Market

Developing cutting-edge technologies for producing products more efficiently is the key trend in the nitric acid market. Due to the use of chemicals like nitric acid and nitrates in fertilizers, global warming is increasing at an alarming rate. Major market players are concentrating on bringing new technologies to reduce nitrates for fertilizer. For example, in May 2022, LUNA INNOVATIONS, Inc., a US-based provider of sensing, testing, and measurement, monitoring, and control solutions, introduced the LuNOX process, which will improve plant production by significantly decreasing the energy and infrastructure costs of producing nitrates for fertilizer and also benefit farmers with lower fertilizer costs and the public through lower energy usage and decreased greenhouse gas emissions, which will drastically help in reducing global warming.

Global Nitric Acid Market Trend: Strategic Collaborations Transforming The Nitric Acid Market

Major companies operating in the nitric acid market are focusing on strategic collaboration, to provide reliable services to customers. Strategic collaboration refers to a mutually beneficial partnership between two or more independent entities who work together to achieve shared goals aligned with their individual strategic objectives. For instance, in February 2023, Rotating Machinery Services Inc., a US-based aftermarket engineering and services company, announced a collaboration with Howden Maintenance Partners, a Belgium-based maintenance and repair services company. Under this collaboration, Rotating Machinery Services (RMS) and Howden Maintenance Partners (HMP) aim to enhance the servicing of hot gas and nitric acid expanders in the Europe and Middle East (EMENA) region. This partnership combines RMS's expertise in Hot Gas Expanders with HMP's local repair capabilities, seeking to provide customers with improved reliability, maintainability, and performance for Fluid Catalytic Cracking (FCC) and Nitric Acid Expanders through a European center of excellence for expander services.

Nitric Acid Market Merger And Acquisition: Ara International Asa Strengthens Position In Europe Through Acquisition Of Agribios Italian's Organic-Based Fertilizer Business

In December 2023, Yara International ASA, a Norway-based chemicals company acquired organic-based fertilizer business of Agribios Italiana for an undisclosed amount. The acquisition of Agribios Italiana's organic-based fertilizer business by Yara International ASA enhances Yara's position in Europe, enabling the company to expand its offerings in support of regenerative agriculture, improve soil health, and contribute to the European Union's goal of increasing farmland under organic farming practices. Agribios Italiana is an Italy-based chemical manufacturing company that produces organic and organo-mineral fertilizers for the agricultural industry.

Regional Outlook For The Global Nitric Acid Market

Europe was the largest region in the nitric acid market in 2024. The regions covered in the nitric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the nitric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Nitric Acid Market?

The nitric acid market consists of sales of fuming nitric acid and anhydrous nitric acid. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Nitric Acid Industry?

The nitric acid market research report is one of a series of new reports from The Business Research Company that provides nitric acid market statistics, including the nitric acid industry's global market size, regional shares, competitors with a nitric acid market share, detailed nitric acid market segments, market trends and opportunities, and any further data you may need to thrive in the nitric acid industry. This nitric acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Nitric Acid Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$22.87 billion
Revenue Forecast In 2034	$26.9 billion
Growth Rate	CAGR of 4.1% from 2024 to 2033
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	1) By Type: Concentrated Nitric Acid, Dilute Nitric Acid 2) By Application: Fertilizers, Nitrobenzene, Adipic Acid, Toluene Diisocyanate (TDI), Nitrochlorobenzene, Other Applications 3) By End-Use Industry: Explosives, Agrochemicals, Electronics, Automotive, Other End-Use Industries Subsegments: 1) By Concentrated Nitric Acid: Industrial Grade Concentrated Nitric Acid, Laboratory Grade Concentrated Nitric Acid 2) By Dilute Nitric Acid: Dilute Nitric Acid For Laboratory Use, Dilute Nitric Acid For Industrial Applications
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	BASF SE, Yara International ASA, CF Industries Holdings Inc., Nutrien Ltd., The Dow Chemical Company, LSB Industries Inc., Deepak Fertilisers and Petrochemicals Corporation Ltd., Rashtriya Chemicals and Fertilizers Ltd., Grupa Azoty S.A., OCI N.V., EuroChem Group AG, Indian Farmers Fertiliser Cooperative Limited, Thyssenkrupp AG, Dyno Nobel Pty Limited, Hanwha Corporation, Dupont de Nemours Inc., Apache Nitrogen Products Inc., Enaex S.A., Sasol Limited, UBE Industries Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Ltd., TogliattiAzot, Qatar Fertiliser Company, Orica Limited, Koch Fertilizer LLC, SBU Azot, Petroleo Brasileiro S.A. (Petrobras), Sichuan Meifeng Chemical Industry Co., Ltd., Haifa Group, Mitsubishi Gas Chemical Company Inc.
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1. Executive Summary

2. Nitric Acid Market Characteristics

3. Nitric Acid Market Trends And Strategies

4. Nitric Acid Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

5. Global Nitric Acid Growth Analysis And Strategic Analysis Framework

5.1. Global Nitric Acid PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Nitric Acid Market Growth Rate Analysis

5.4. Global Nitric Acid Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Nitric Acid Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Nitric Acid Total Addressable Market (TAM)

6. Nitric Acid Market Segmentation

6.1. Global Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Concentrated Nitric Acid

Dilute Nitric Acid

6.2. Global Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Fertilizers

Nitrobenzene

Adipic Acid

Toluene Diisocyanate (TDI)

Nitrochlorobenzene

Other Applications

6.3. Global Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Explosives

Agrochemicals

Electronics

Automotive

Other End-Use Industries

6.4. Global Nitric Acid Market, Sub-Segmentation Of Concentrated Nitric Acid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Industrial Grade Concentrated Nitric Acid

Laboratory Grade Concentrated Nitric Acid

6.5. Global Nitric Acid Market, Sub-Segmentation Of Dilute Nitric Acid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Dilute Nitric Acid For Laboratory Use

Dilute Nitric Acid For Industrial Applications

7. Nitric Acid Market Regional And Country Analysis

7.1. Global Nitric Acid Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Nitric Acid Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Nitric Acid Market

8.1. Asia-Pacific Nitric Acid Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Nitric Acid Market

9.1. China Nitric Acid Market Overview

9.2. China Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Nitric Acid Market

10.1. India Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Nitric Acid Market

11.1. Japan Nitric Acid Market Overview

11.2. Japan Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Nitric Acid Market

12.1. Australia Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Nitric Acid Market

13.1. Indonesia Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Nitric Acid Market

14.1. South Korea Nitric Acid Market Overview

14.2. South Korea Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Nitric Acid Market

15.1. Western Europe Nitric Acid Market Overview

15.2. Western Europe Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Nitric Acid Market

16.1. UK Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Nitric Acid Market

17.1. Germany Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Nitric Acid Market

18.1. France Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Nitric Acid Market

19.1. Italy Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Nitric Acid Market

20.1. Spain Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Nitric Acid Market

21.1. Eastern Europe Nitric Acid Market Overview

21.2. Eastern Europe Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Nitric Acid Market

22.1. Russia Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Nitric Acid Market

23.1. North America Nitric Acid Market Overview

23.2. North America Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Nitric Acid Market

24.1. USA Nitric Acid Market Overview

24.2. USA Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Nitric Acid Market

25.1. Canada Nitric Acid Market Overview

25.2. Canada Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Nitric Acid Market

26.1. South America Nitric Acid Market Overview

26.2. South America Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Nitric Acid Market

27.1. Brazil Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Nitric Acid Market

28.1. Middle East Nitric Acid Market Overview

28.2. Middle East Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Nitric Acid Market

29.1. Africa Nitric Acid Market Overview

29.2. Africa Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Nitric Acid Market Competitive Landscape And Company Profiles

30.1. Nitric Acid Market Competitive Landscape

30.2. Nitric Acid Market Company Profiles

30.2.1. BASF SE Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Yara International ASA Overview, Products and Services, Strategy and Financial Analysis

30.2.3. CF Industries Holdings Inc. Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Nutrien Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.5. The Dow Chemical Company Overview, Products and Services, Strategy and Financial Analysis

31. Nitric Acid Market Other Major And Innovative Companies

31.1. LSB Industries Inc.

31.2. Deepak Fertilisers and Petrochemicals Corporation Ltd.

31.3. Rashtriya Chemicals and Fertilizers Ltd.

31.4. Grupa Azoty S.A.

31.5. OCI N.V.

31.6. EuroChem Group AG

31.7. Indian Farmers Fertiliser Cooperative Limited

31.8. Thyssenkrupp AG

31.9. Dyno Nobel Pty Limited

31.10. Hanwha Corporation

31.11. Dupont de Nemours Inc.

31.12. Apache Nitrogen Products Inc.

31.13. Enaex S.A.

31.14. Sasol Limited

31.15. UBE Industries Ltd.

32. Global Nitric Acid Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Nitric Acid Market

34. Recent Developments In The Nitric Acid Market

35. Nitric Acid Market High Potential Countries, Segments and Strategies

35.1 Nitric Acid Market In 2029 - Countries Offering Most New Opportunities

35.2 Nitric Acid Market In 2029 - Segments Offering Most New Opportunities

35.3 Nitric Acid Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Nitric Acid Market, Sub-Segmentation Of Concentrated Nitric Acid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Nitric Acid Market, Sub-Segmentation Of Dilute Nitric Acid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Nitric Acid Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Nitric Acid Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Asia-Pacific, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Asia-Pacific, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Asia-Pacific, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: China, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: China, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: China, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: India, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: India, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: India, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: Japan, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: Japan, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: Japan, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Australia, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Australia, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Australia, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Indonesia, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Indonesia, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Indonesia, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: South Korea, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: South Korea, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: South Korea, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: Western Europe, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: Western Europe, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Western Europe, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: UK, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: UK, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: UK, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: Germany, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: Germany, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Germany, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: France, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: France, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: France, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: Italy, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: Italy, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Italy, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Spain, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Spain, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Spain, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Eastern Europe, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Eastern Europe, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Eastern Europe, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Russia, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Russia, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Russia, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: North America, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: North America, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: North America, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: USA, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: USA, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: USA, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: Canada, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: Canada, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: Canada, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: South America, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: South America, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: South America, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: Brazil, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: Brazil, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Brazil, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Middle East, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Middle East, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Middle East, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Africa, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Africa, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Africa, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: BASF SE Financial Performance

Table 77: Yara International ASA Financial Performance

Table 78: CF Industries Holdings Inc. Financial Performance

Table 79: Nutrien Ltd. Financial Performance

Table 80: The Dow Chemical Company Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Nitric Acid Market, Sub-Segmentation Of Concentrated Nitric Acid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Nitric Acid Market, Sub-Segmentation Of Dilute Nitric Acid, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Nitric Acid Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Nitric Acid Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Asia-Pacific, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Asia-Pacific, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Asia-Pacific, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: China, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: China, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: China, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: India, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: India, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: India, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: Japan, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: Japan, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: Japan, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Australia, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Australia, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Australia, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Indonesia, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Indonesia, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Indonesia, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: South Korea, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: South Korea, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: South Korea, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: Western Europe, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: Western Europe, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Western Europe, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: UK, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: UK, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: UK, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: Germany, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: Germany, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Germany, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: France, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: France, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: France, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: Italy, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: Italy, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Italy, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Spain, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Spain, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Spain, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Eastern Europe, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Eastern Europe, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Eastern Europe, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Russia, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Russia, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Russia, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: North America, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: North America, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: North America, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: USA, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: USA, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: USA, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: Canada, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: Canada, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: Canada, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: South America, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: South America, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: South America, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: Brazil, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: Brazil, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Brazil, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Middle East, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Middle East, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Middle East, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Africa, Nitric Acid Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Africa, Nitric Acid Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Africa, Nitric Acid Market, Segmentation By End-Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: BASF SE Financial Performance

Figure 77: Yara International ASA Financial Performance

Figure 78: CF Industries Holdings Inc. Financial Performance

Figure 79: Nutrien Ltd. Financial Performance

Figure 80: The Dow Chemical Company Financial Performance

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Frequently Asked Questions

What is the definition of the Nitric Acid market?

How will the Nitric Acid market drivers and restraints affect the market dynamics? What forces will shape the Nitric Acid industry going forward?

The Nitric Acid market major growth driver - Rising Industrial Applications Drives Growth In The Nitric Acid Market. For further insights on the Nitric Acid market, request a sample here

What is the forecast market size or the forecast market value of the Nitric Acid market?

The Nitric Acid market size has grown strongly in recent years. The nitric acid market size has grown steadily in recent years. It will grow from $22.22 billion in 2024 to $22.87 billion in 2025 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to increase in agricultural demand, infrastructure development, population growth, production of explosives, changes in environmental regulations. The nitric acid market size is expected to see steady growth in the next few years. It will grow to $26.9 billion in 2029 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to increase in sustainable practices, rise in demand for electronics, advancements in renewable energy, rise in water treatment, urbanization. Major trends in the forecast period include shift towards green nitric acid, digitalization, customized nitric acid solutions, collaboration for innovation, hybrid production processes. For further insights on the Nitric Acid market, request a sample here

How is the Nitric Acid market segmented?

The nitric acid market covered in this report is segmented –
1) By Type: Concentrated Nitric Acid, Dilute Nitric Acid
2) By Application: Fertilizers, Nitrobenzene, Adipic Acid, Toluene Diisocyanate (TDI), Nitrochlorobenzene, Other Applications
3) By End-Use Industry: Explosives, Agrochemicals, Electronics, Automotive, Other End-Use Industries Subsegments:
1) By Concentrated Nitric Acid: Industrial Grade Concentrated Nitric Acid, Laboratory Grade Concentrated Nitric Acid
2) By Dilute Nitric Acid: Dilute Nitric Acid For Laboratory Use, Dilute Nitric Acid For Industrial Applications For further insights on the Nitric Acid market, request a sample here

Which region has the largest share of the Nitric Acid market? What are the other regions covered in the report?

Europe was the largest region in the nitric acid market in 2024. The regions covered in the nitric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Nitric Acid market, request a sample here.

Who are the major players in the Nitric Acid market?

What are the key trends in the Nitric Acid market?

Major trends in the Nitric Acid market include Technological Advancements Driving Innovation In Nitric Acid Market. For further insights on the Nitric Acid market, request a sample here.

What are the major opportunities in the Nitric Acid market? What are the strategies for the Nitric Acid market?

For detailed insights on the major opportunities and strategies in the Nitric Acid market, request a sample here.

How does the Nitric Acid market relate to the overall economy and other similar markets?

For detailed insights on Nitric Acid's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Nitric Acid industry?

For detailed insights on the mergers and acquisitions in the Nitric Acid industry, request a sample here.

What are the key dynamics influencing the Nitric Acid market growth? SWOT analysis of the Nitric Acid market.

For detailed insights on the key dynamics influencing the Nitric Acid market growth and SWOT analysis of the Nitric Acid industry, request a sample here.