Nitric Acid Market Synopsis

Nitric Acid Market Size Was Valued at USD 30.55 Billion in 2023, and is Projected to Reach USD 38.22 Billion by 2032, Growing at a CAGR of 2.52% From 2024-2032.

An inorganic substance with the formula HNO3 is nitric acid. It is a mineral acid that is very corrosive. The substance is colorless, but samples often take on a yellow tint over time as a result of the compound's breakdown into nitrogen oxides. 

  • Making plastics, producing ammonium nitrate for fertilizers, and creating dyes all involve the use of nitric acid. Additionally, it is used in the production of explosives like TNT and nitroglycerin. Aqua regia is a substance that is created when it is mixed with hydrochloric acid. This reagent has the ability to dissolve platinum and gold. Additionally, it is employed in a colorimetric test to separate morphine from heroin.
  • Furthermore, increasing demand from fertilizer formulators and rising fertilizer consumption in agrarian economies around the world are anticipated to drive the product's growth. To maximize crop yield, shorten cultivation times, achieve healthy crop growth, and other objectives, various fertilizers and agricultural facilities have been expanded globally in response to rising food demand. One of the essential ingredients in the manufacture of nitrogen fertilizers, which are in high demand in the agricultural sector, is nitric acid.

Nitric Acid Market Trend Analysis

Growing Demand for Nitric Acids in The Various Industries

  • The market for nitric acid has seen significant growth in recent years due to rising demand from various industries. Highly adaptable chemical nitric acid finds extensive use in a variety of industries, fueling market expansion. Also, nitric acid is also a key raw material used frequently in the chemical industry to create a range of chemical intermediates. It is used to create substances like nitrobenzene and adipic acid, which are necessary building blocks for the manufacturing of dyes, plastics, and other chemical products.
  • Nitric acid is also a key component in the explosives industry because it is used to create explosives like nitroglycerin and trinitrotoluene (TNT). These explosives are used in mining, quarrying, building, and military operations. The demand for explosives is rising along with the expansion of mining operations and infrastructure, which is propelling the market for nitric acid. Furthermore, nitric acid is widely used in the automotive industry. It is employed in the production of fuel cells, airbags, and other auto parts. Nitric acid is expected to be in high demand for the production of automotive components due to the growing automotive industry, which is expected to be fueled by urbanization, rising disposable incomes, and technological advancements.

Rising Fertilizer Demand with The Growing High Crop Yield Needs

  • The growing need for high crop yields and the rising demand for fertilizers present a sizable growth opportunity for the nitric acid market. In order to meet the growing demand for food, agricultural productivity increased as the world's population grows. Fertilizers are essential for increasing soil fertility and giving crops the vital nutrients, they need to grow and produce more. The production of ammonium nitrate and calcium ammonium nitrate fertilizers requires the use of nitric acid, which is essential to the agricultural industry.
  • These fertilizers are abundant in nitrogen, which is essential for the growth and development of plants. Farmers are increasingly looking for nitrogen-based fertilizers as they try to increase crop yields and agricultural output. The use of nitrogen-based fertilizers is anticipated to rise significantly as a result of the increased emphasis on achieving higher crop yields and the need for sustainable agricultural practices. The demand for nitric acid in the creation of specialized fertilizers is also increased by the trend toward controlled-release fertilizers and precision agriculture.

Segmentation Analysis of The Nitric Acid Market

Nitric Acid market segments cover Type, Application, and End-Use Industry. By Application, the fertilizer segment is Anticipated to Dominate the Market Over the Forecast period.

  • Due to its sizeable contribution to the overall market share, the fertilizer segment is excepted to dominate the nitric acid market over the forecast period. There is increasing pressure on the agriculture sector to ensure food security and meet the rising demand for crops as a result of the continued growth of the world's population. Fertilizers are essential for improving soil fertility and giving plants the nutrients, they need, which leads to increased crop yields and agricultural productivity.
  • Ammonium nitrate and calcium ammonium nitrate are two nitrogen-based fertilizers that are produced using nitric acid as a key raw material. Because of their capacity to provide plants with nitrogen, a component that is crucial for their growth and development, these fertilizers are highly sought after by farmers and the agricultural industry. The demand for fertilizers based on nitrogen is increasing as the need for efficient and sustainable agricultural methods grows, which is fueling the market's expansion for nitric acid.

Regional Analysis of The Nitric Acid Market

Asia Pacific is Expected to Dominate the Market Over the Forecast Period.

  • Over the forecast period, Asia-Pacific is anticipated to hold a commanding position in the nitric acid market due to the region's significant fertilizer production and consumption. In terms of the production and export of nitric acid, the Asia-Pacific region which includes nations like China, India, and South Korea holds a significant position. China, one of the major nations in the Asia-Pacific region, is a key player in the world market for nitric acid.
  • China is the second-largest importer of nitric acid, and different end-user industries like fertilizers, inks, pigments, dyes, and chemical manufacturing primarily drive China's demand. China continues to be a significant consumer of nitrogen-based fertilizers due to its strong industrial base and expanding agricultural activities, which drives up the demand for nitric acid. On the other hand, South Korea is the world's biggest exporter of nitric acid. The nation's dominance in nitric acid exports is a result of its robust manufacturing and chemical sectors, which use the acid for a variety of purposes. For instance, according to Statista, South Korea is the world's leading exporter country of nitric and sulphonitric acid. Increasing export valve in South Korea drive growth in the Asia Pacific region.

COVID-19 Impact Analysis on the Nitric Acid Market

  • COVID-19 has caused widespread disruption to manufacturing operations and global supply chains. Lockdown measures, social distancing practices, and work restrictions have affected the production and distribution of Nitric acids. Lockdowns and travel restrictions during the early stages of the pandemic caused a slowdown in industrial activities. Nitric acid demand and production were decreased in sectors like manufacturing, construction, and the automotive industry.
  • The demand for nitric acid was adversely impacted by this decline in industrial output. The pandemic affected the availability of chemicals and raw materials needed to produce nitric acid by upsetting global supply chains. Production and delivery delays were caused by the supply chain being further complicated by border closures and transportation restrictions.

Top Key Players Covered in The Nitric Acid Market

  • DuPont
  • CF Industries Holdings Inc. (US)
  • The Chemours Company (US)
  • LSB Industries, Inc. (US)
  • Koch Fertilizer, LLC (US)
  • PotashCorp (Canada)
  • Nutrien (Canada)
  • Yara International ASA (Norway)
  • EuroChem Group AG (Switzerland)
  • OCI Nitrogen (Netherlands)
  • CF Fertilisers UK Ltd. (United Kingdom)
  • Group DF (Ukraine)
  • Uralchem Jsc (Russia)
  • BASF (Germany)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Hanwha Corporation (South Korea)
  • Fertiberia S.A. (Spain)
  • National Chemical Group (China), and Other Major Players

Key Industry Developments in the Nitric Acid Market

In January 2023, Grupa Azoty SA (Tarnów, Poland) launched a new facility for the production of concentrated nitric acid with a design output of 40,000 metric tons per year (m.t./yr), doubling its existing capacity. This is a second production line for above 98 percent concentrated nitric acid now operating in Tarnów. It has brought the Tarnów plant’s total annual capacity for that product to 80,000 tons.

In January 2023, Dorogobuzh launched a new 135-ktpa UKL nitric acid unit at its production facility in the Smolensk region. Acron Engineering Research and Design Centre is the general designer of this project, which cost USD17 million.

Global Nitric Acid Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2016 to 2023

Market Size in 2023:

USD 30.55 Bn.

Forecast Period 2024-32 CAGR:

2.52%

Market Size in 2032:

USD 38.22 Bn.

Segments Covered:

By Type

  • Concentrated Nitric Acid
  • Dilute Nitric Acid

By Application

  • Fertilizers
  • Nitrobenzene
  • Adipic Acid
  • Toluene Di-isocyanate
  • Nitrochlorobenzene
  • Other

By End-Use Industry

  • Agriculture and Agrochemicals
  • Chemicals and Petrochemicals
  • Mining and Explosives
  • Other

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Nitric Acids in The Various Industries

Key Market Restraints:

  • Health Hazards Caused by Nitric Acid

Key Opportunities:

  • The Rising Fertilizer Demand with The Growing High Crop Yield Needs

Companies Covered in the Report:

  • DuPont, CF Industries Holdings Inc., The Chemours Company, LSB Industries, Inc., Koch Fertilizer LLC, and Other Major Players
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. ANALYSIS OF THE IMPACT OF COVID-19
      1. Impact On The Overall Market
      2. Impact On The Supply Chain
      3. Impact On The Key Manufacturers
      4. Impact On The Pricing
      5. Post COVID Situation
    11. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    12. ECOSYSTEM
  6. NITRIC ACID MARKET BY TYPE (2016-2030)
    1. NITRIC ACID MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. CONCENTRATED NITRIC ACID
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. DILUTE NITRIC ACID
  7. NITRIC ACID MARKET BY APPLICATION (2016-2030)
    1. NITRIC ACID MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. FERTILIZERS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. NITROBENZENE
    5. ADIPIC ACID
    6. TOLUENE DI-ISOCYANATE
    7. NITROCHLOROBENZENE
    8. OTHER
  8. NITRIC ACID MARKET BY END-USE INDUSTRY (2016-2030)
    1. NITRIC ACID MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. AGRICULTURE AND AGROCHEMICALS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. CHEMICALS AND PETROCHEMICALS
    5. MINING AND EXPLOSIVES
    6. OTHER
  9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. NITRIC ACID Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. DUPONT (US)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. CF INDUSTRIES HOLDINGS INC. (US)
    4. The Chemours Company (US)
    5. LSB Industries, Inc. (US)
    6. Koch Fertilizer, LLC (US)
    7. PotashCorp (Canada)
    8. Nutrien (Canada)
    9. Yara International ASA (Norway)
    10. EuroChem Group AG (Switzerland)
    11. OCI Nitrogen (Netherlands)
    12. CF Fertilisers UK Ltd. (United Kingdom)
    13. Group DF (Ukraine)
    14. URALCHEM JSC (Russia)
    15. BASF (Germany)
    16. Sumitomo Chemical Co., Ltd. (Japan)
    17. Hanwha Corporation (South Korea)
    18. Fertiberia S.A. (Spain)
    19. National Chemical Group (China)
  10. GLOBAL NITRIC ACID MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segment1
      5. Historic And Forecasted Market Size By Application
      6. Historic And Forecasted Market Size By End-Use Industry
      7. Historic And Forecasted Market Size By Segment4
      8. Historic And Forecasted Market Size By Segment5
      9. Historic And Forecasted Market Size By Segment6
      10. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Impact Of Covid-19
      3. Key Manufacturers
      4. Historic And Forecasted Market Size By Segments
      5. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. INVESTMENT ANALYSIS
  12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Nitric Acid Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2016 to 2023

Market Size in 2023:

USD 30.55 Bn.

Forecast Period 2024-32 CAGR:

2.52%

Market Size in 2032:

USD 38.22 Bn.

Segments Covered:

By Type

  • Concentrated Nitric Acid
  • Dilute Nitric Acid

By Application

  • Fertilizers
  • Nitrobenzene
  • Adipic Acid
  • Toluene Di-isocyanate
  • Nitrochlorobenzene
  • Other

By End-Use Industry

  • Agriculture and Agrochemicals
  • Chemicals and Petrochemicals
  • Mining and Explosives
  • Other

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Nitric Acids in The Various Industries

Key Market Restraints:

  • Health Hazards Caused by Nitric Acid

Key Opportunities:

  • The Rising Fertilizer Demand with The Growing High Crop Yield Needs

Companies Covered in the Report:

  • DuPont, CF Industries Holdings Inc., The Chemours Company, LSB Industries, Inc., Koch Fertilizer LLC, and Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. NITRIC ACID MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. NITRIC ACID MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. NITRIC ACID MARKET COMPETITIVE RIVALRY
TABLE 005. NITRIC ACID MARKET THREAT OF NEW ENTRANTS
TABLE 006. NITRIC ACID MARKET THREAT OF SUBSTITUTES
TABLE 007. NITRIC ACID MARKET BY TYPE
TABLE 008. CONCENTRATED NITRIC ACID MARKET OVERVIEW (2016-2030)
TABLE 009. DILUTE NITRIC ACID MARKET OVERVIEW (2016-2030)
TABLE 010. NITRIC ACID MARKET BY APPLICATION
TABLE 011. FERTILIZERS MARKET OVERVIEW (2016-2030)
TABLE 012. NITROBENZENE MARKET OVERVIEW (2016-2030)
TABLE 013. ADIPIC ACID MARKET OVERVIEW (2016-2030)
TABLE 014. TOLUENE DI-ISOCYANATE MARKET OVERVIEW (2016-2030)
TABLE 015. NITROCHLOROBENZENE MARKET OVERVIEW (2016-2030)
TABLE 016. OTHER MARKET OVERVIEW (2016-2030)
TABLE 017. NITRIC ACID MARKET BY END-USE INDUSTRY
TABLE 018. AGRICULTURE AND AGROCHEMICALS MARKET OVERVIEW (2016-2030)
TABLE 019. CHEMICALS AND PETROCHEMICALS MARKET OVERVIEW (2016-2030)
TABLE 020. MINING AND EXPLOSIVES MARKET OVERVIEW (2016-2030)
TABLE 021. OTHER MARKET OVERVIEW (2016-2030)
TABLE 022. NORTH AMERICA NITRIC ACID MARKET, BY TYPE (2016-2030)
TABLE 023. NORTH AMERICA NITRIC ACID MARKET, BY APPLICATION (2016-2030)
TABLE 024. NORTH AMERICA NITRIC ACID MARKET, BY END-USE INDUSTRY (2016-2030)
TABLE 025. N NITRIC ACID MARKET, BY COUNTRY (2016-2030)
TABLE 026. EASTERN EUROPE NITRIC ACID MARKET, BY TYPE (2016-2030)
TABLE 027. EASTERN EUROPE NITRIC ACID MARKET, BY APPLICATION (2016-2030)
TABLE 028. EASTERN EUROPE NITRIC ACID MARKET, BY END-USE INDUSTRY (2016-2030)
TABLE 029. NITRIC ACID MARKET, BY COUNTRY (2016-2030)
TABLE 030. WESTERN EUROPE NITRIC ACID MARKET, BY TYPE (2016-2030)
TABLE 031. WESTERN EUROPE NITRIC ACID MARKET, BY APPLICATION (2016-2030)
TABLE 032. WESTERN EUROPE NITRIC ACID MARKET, BY END-USE INDUSTRY (2016-2030)
TABLE 033. NITRIC ACID MARKET, BY COUNTRY (2016-2030)
TABLE 034. ASIA PACIFIC NITRIC ACID MARKET, BY TYPE (2016-2030)
TABLE 035. ASIA PACIFIC NITRIC ACID MARKET, BY APPLICATION (2016-2030)
TABLE 036. ASIA PACIFIC NITRIC ACID MARKET, BY END-USE INDUSTRY (2016-2030)
TABLE 037. NITRIC ACID MARKET, BY COUNTRY (2016-2030)
TABLE 038. MIDDLE EAST & AFRICA NITRIC ACID MARKET, BY TYPE (2016-2030)
TABLE 039. MIDDLE EAST & AFRICA NITRIC ACID MARKET, BY APPLICATION (2016-2030)
TABLE 040. MIDDLE EAST & AFRICA NITRIC ACID MARKET, BY END-USE INDUSTRY (2016-2030)
TABLE 041. NITRIC ACID MARKET, BY COUNTRY (2016-2030)
TABLE 042. SOUTH AMERICA NITRIC ACID MARKET, BY TYPE (2016-2030)
TABLE 043. SOUTH AMERICA NITRIC ACID MARKET, BY APPLICATION (2016-2030)
TABLE 044. SOUTH AMERICA NITRIC ACID MARKET, BY END-USE INDUSTRY (2016-2030)
TABLE 045. NITRIC ACID MARKET, BY COUNTRY (2016-2030)
TABLE 046. DUPONT: SNAPSHOT
TABLE 047. DUPONT: BUSINESS PERFORMANCE
TABLE 048. DUPONT: PRODUCT PORTFOLIO
TABLE 049. DUPONT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. CF INDUSTRIES HOLDINGS INC.: SNAPSHOT
TABLE 050. CF INDUSTRIES HOLDINGS INC.: BUSINESS PERFORMANCE
TABLE 051. CF INDUSTRIES HOLDINGS INC.: PRODUCT PORTFOLIO
TABLE 052. CF INDUSTRIES HOLDINGS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. THE CHEMOURS COMPANY: SNAPSHOT
TABLE 053. THE CHEMOURS COMPANY: BUSINESS PERFORMANCE
TABLE 054. THE CHEMOURS COMPANY: PRODUCT PORTFOLIO
TABLE 055. THE CHEMOURS COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. LSB INDUSTRIES: SNAPSHOT
TABLE 056. LSB INDUSTRIES: BUSINESS PERFORMANCE
TABLE 057. LSB INDUSTRIES: PRODUCT PORTFOLIO
TABLE 058. LSB INDUSTRIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. INC.: SNAPSHOT
TABLE 059. INC.: BUSINESS PERFORMANCE
TABLE 060. INC.: PRODUCT PORTFOLIO
TABLE 061. INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. KOCH FERTILIZER: SNAPSHOT
TABLE 062. KOCH FERTILIZER: BUSINESS PERFORMANCE
TABLE 063. KOCH FERTILIZER: PRODUCT PORTFOLIO
TABLE 064. KOCH FERTILIZER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. LLC: SNAPSHOT
TABLE 065. LLC: BUSINESS PERFORMANCE
TABLE 066. LLC: PRODUCT PORTFOLIO
TABLE 067. LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. POTASHCORP: SNAPSHOT
TABLE 068. POTASHCORP: BUSINESS PERFORMANCE
TABLE 069. POTASHCORP: PRODUCT PORTFOLIO
TABLE 070. POTASHCORP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. NUTRIEN: SNAPSHOT
TABLE 071. NUTRIEN: BUSINESS PERFORMANCE
TABLE 072. NUTRIEN: PRODUCT PORTFOLIO
TABLE 073. NUTRIEN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. YARA INTERNATIONAL ASA: SNAPSHOT
TABLE 074. YARA INTERNATIONAL ASA: BUSINESS PERFORMANCE
TABLE 075. YARA INTERNATIONAL ASA: PRODUCT PORTFOLIO
TABLE 076. YARA INTERNATIONAL ASA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. EUROCHEM GROUP AG: SNAPSHOT
TABLE 077. EUROCHEM GROUP AG: BUSINESS PERFORMANCE
TABLE 078. EUROCHEM GROUP AG: PRODUCT PORTFOLIO
TABLE 079. EUROCHEM GROUP AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. OCI NITROGEN: SNAPSHOT
TABLE 080. OCI NITROGEN: BUSINESS PERFORMANCE
TABLE 081. OCI NITROGEN: PRODUCT PORTFOLIO
TABLE 082. OCI NITROGEN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. CF FERTILISERS UK LTD.: SNAPSHOT
TABLE 083. CF FERTILISERS UK LTD.: BUSINESS PERFORMANCE
TABLE 084. CF FERTILISERS UK LTD.: PRODUCT PORTFOLIO
TABLE 085. CF FERTILISERS UK LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. GROUP DF: SNAPSHOT
TABLE 086. GROUP DF: BUSINESS PERFORMANCE
TABLE 087. GROUP DF: PRODUCT PORTFOLIO
TABLE 088. GROUP DF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. URALCHEM JSC: SNAPSHOT
TABLE 089. URALCHEM JSC: BUSINESS PERFORMANCE
TABLE 090. URALCHEM JSC: PRODUCT PORTFOLIO
TABLE 091. URALCHEM JSC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. BASF: SNAPSHOT
TABLE 092. BASF: BUSINESS PERFORMANCE
TABLE 093. BASF: PRODUCT PORTFOLIO
TABLE 094. BASF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. SUMITOMO CHEMICAL CO.: SNAPSHOT
TABLE 095. SUMITOMO CHEMICAL CO.: BUSINESS PERFORMANCE
TABLE 096. SUMITOMO CHEMICAL CO.: PRODUCT PORTFOLIO
TABLE 097. SUMITOMO CHEMICAL CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. LTD.: SNAPSHOT
TABLE 098. LTD.: BUSINESS PERFORMANCE
TABLE 099. LTD.: PRODUCT PORTFOLIO
TABLE 100. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. HANWHA CORPORATION: SNAPSHOT
TABLE 101. HANWHA CORPORATION: BUSINESS PERFORMANCE
TABLE 102. HANWHA CORPORATION: PRODUCT PORTFOLIO
TABLE 103. HANWHA CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103. FERTIBERIA S.A.: SNAPSHOT
TABLE 104. FERTIBERIA S.A.: BUSINESS PERFORMANCE
TABLE 105. FERTIBERIA S.A.: PRODUCT PORTFOLIO
TABLE 106. FERTIBERIA S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 106. NATIONAL CHEMICAL GROUP: SNAPSHOT
TABLE 107. NATIONAL CHEMICAL GROUP: BUSINESS PERFORMANCE
TABLE 108. NATIONAL CHEMICAL GROUP: PRODUCT PORTFOLIO
TABLE 109. NATIONAL CHEMICAL GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 109. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 110. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 111. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 112. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. NITRIC ACID MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. NITRIC ACID MARKET OVERVIEW BY TYPE
FIGURE 012. CONCENTRATED NITRIC ACID MARKET OVERVIEW (2016-2030)
FIGURE 013. DILUTE NITRIC ACID MARKET OVERVIEW (2016-2030)
FIGURE 014. NITRIC ACID MARKET OVERVIEW BY APPLICATION
FIGURE 015. FERTILIZERS MARKET OVERVIEW (2016-2030)
FIGURE 016. NITROBENZENE MARKET OVERVIEW (2016-2030)
FIGURE 017. ADIPIC ACID MARKET OVERVIEW (2016-2030)
FIGURE 018. TOLUENE DI-ISOCYANATE MARKET OVERVIEW (2016-2030)
FIGURE 019. NITROCHLOROBENZENE MARKET OVERVIEW (2016-2030)
FIGURE 020. OTHER MARKET OVERVIEW (2016-2030)
FIGURE 021. NITRIC ACID MARKET OVERVIEW BY END-USE INDUSTRY
FIGURE 022. AGRICULTURE AND AGROCHEMICALS MARKET OVERVIEW (2016-2030)
FIGURE 023. CHEMICALS AND PETROCHEMICALS MARKET OVERVIEW (2016-2030)
FIGURE 024. MINING AND EXPLOSIVES MARKET OVERVIEW (2016-2030)
FIGURE 025. OTHER MARKET OVERVIEW (2016-2030)
FIGURE 026. NORTH AMERICA NITRIC ACID MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 027. EASTERN EUROPE NITRIC ACID MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 028. WESTERN EUROPE NITRIC ACID MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 029. ASIA PACIFIC NITRIC ACID MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 030. MIDDLE EAST & AFRICA NITRIC ACID MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 031. SOUTH AMERICA NITRIC ACID MARKET OVERVIEW BY COUNTRY (2016-2030)

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Frequently Asked Questions :

What would be the forecast period in the Nitric Acid Market research report?

The forecast period in the Nitric Acid Market research report is 2024-2032.

Who are the key players in Nitric Acid Market?

DuPont (US),   CF Industries Holdings Inc. (US), The Chemours Company (US), LSB Industries, Inc. (US), Koch Fertilizer, LLC (US), PotashCorp (Canada), Nutrien (Canada), Yara International ASA (Norway),     EuroChem Group AG (Switzerland),         OCI Nitrogen (Netherlands), CF Fertilisers UK Ltd. (United Kingdom), Group DF (Ukraine), URALCHEM JSC (Russia), BASF (Germany), Sumitomo Chemical Co., Ltd. (Japan), Hanwha Corporation (South Korea),    Fertiberia S.A. (Spain), National Chemical Group (China), and Other Major Players

What are the segments of the Nitric Acid Market?

The Nitric Acid Market is segmented into Type, Application, End-Use Industry, and region. By Type, the market is categorized into Concentrated Nitric Acid, Dilute Nitric Acid. By Application, the market is categorized into Fertilizers, Nitrobenzene, Adipic Acid, Toluene Di-isocyanate, Nitrochlorobenzene, and Others. By End-Use Industry, the market is categorized into Agriculture and Agrochemicals, Chemicals and Petrochemicals, Mining and Explosives, Other. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Nitric Acid Market?

An inorganic substance with the formula HNO3 is nitric acid. It is a mineral acid that is very corrosive. The substance is colorless, but samples often take on a yellow tint over time as a result of the compound's breakdown into nitrogen oxides. 

Making plastics, producing ammonium nitrate for fertilizers, and creating dyes all involve the use of nitric acid. Additionally, it is used in the production of explosives like TNT and nitroglycerin. Aqua regia is a substance that is created when it is mixed with hydrochloric acid. This reagent has the ability to dissolve platinum and gold.

How big is the Nitric Acid Market?

Nitric Acid Market Size Was Valued at USD 30.55 Billion in 2023, and is Projected to Reach USD 38.22 Billion by 2032, Growing at a CAGR of 2.52% From 2024-2032.