Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 29.69 Billion |
| USD 52.57 Billion | |
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Global Nitric Acid Market Segmentation, By Product Type (Fuming and Non- Fuming), Grade (Commercial and Others), Concentration (Dilute Nitric Acid (68%) and Concentrated Nitric Acid (69%-71%)) Application (Fertilizers, Ammonium Nitrate, Nitrobenzene, Toluene Di-isocynate, Adipic Acid, Nitro Chlorobenzene, Polyurethanes, Polyamides and Others), End Use Industry (Agrochemicals, Explosives, Chemicals, Mining and Others) – Industry Trends and Forecast to 2032
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Nitric acids are generally used in a range of agrochemicals productions. Nitric acids can be toxic and corrosive for the body especially eyes and nose if they come in contact with it. Nitric acid causes irritation in the eyes, on the skin and in the mucous membrane.
Global nitric acid market size was valued at USD 29.69 billion in 2024 and is projected to reach USD 52.57 billion by 2032, with a CAGR of 7.40% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes
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Nitric Acid Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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Yara (Norway), Nutrien Ltd. (Canda), BASF SE (Germany), 3M (U.S.), Dow (U.S.), DuPont (U.S.), LSB INDUSTRIES (US), Sika AG (Switzerland), CF Fertilisers UK. (UK), Innospec (U.S.), ADEKA CORPORATION (Japan), Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.), PMC Specialties Group (U.S.), Afton Chemical (U.S.), The Lubrizol Corporation (U.S.), Clariant (Switzerland), LANXESS (Germany), Mayzo, Inc. (U.S.), Solvay (Belgium), Akzo Nobel N.V. (Netherlands), Arkema (France) and Eastman Chemical Company (U.S.)
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Market Opportunities
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Nitric Acid Market Definition
Having a chemical formula of HNO3, nitric acid is a strong mineral and highly toxic acid that is used in a range of industrial application. The nitric acid is used in the production of pigments, dyes, and paints. It is colorless when used in pure form and pale yellow when it gets decomposed on mixing with oxides.
Nitric Acid Market Market Dynamics
Growth and expansion of all the end user verticals promoted the direct and indirect growth of this market. Surging demand for to manufacture nylon 6,6 which find its application in the manufacturing of automotive parts, such as body panel, gears, and others will create ample of opportunities for the market in the long run.
Increased awareness about the benefits of nitric acid is inducing increased demand and application by the small and medium scale enterprises. Over 80% of nitric acid is used in manufacturing fertilizers and growing demand for fertilizers all around the globe is a positive sign. This in turn is bolstering the growth of the market.
Increased funding from federal government pertaining to the research and development proficiencies is also bolstering the growth of the market. Research and developmental operations directed towards sustainable development will ensure optimum and judicious use of resources, thereby improving the market value.
Rising technological advancements pertaining to the manufacturing technology is further inducing growth in the market value. Increasing number of technological advancements driven with a view to minimize the production costs and wastage coupled with growth in industrialization has increased the use of roofing materials for sustaining the efficiency of machinery is further ensuring a bright future for the market.
Growing demand for nitric acid by the agricultural industry has further proved to be a boon for the market. Increased production of fertilizers, pesticides, insecticides, and other agrochemicals is expected to create ample of opportunities for the market. Fertilizers, such as ammonium nitrate and calcium ammonium nitrate, are produced from nitric acid.
Restraints/Challenges
Fluctuations or volatility in the prices of raw materials and machinery equipment is posing a major threat to the growth of the market. Further, uneven availability of raw materials at one particular location is demeaning the growth of the market. Availability of alternatives in the market at an affordable range will further derail the market growth rate.
Growing number of health-related hazards caused by nitric acid will challenge the growth rate of the market in the long run. Also, competition from organic agrochemicals will create hindrances in the way of growth for the market. Also, unfavorable conditions arising due to the COVID-19 outbreak will impede the market growth rate.
Imposition of stringent regulations by the government on a wide range of industrial applications pertaining to the production of fertilizers and the use of nitric acid in agrochemicals will further slowdown the market growth rate. Lack of standardization norms will further worsen the market situation.
This nitric acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nitric acid market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
The nitric acid market is segmented on the basis of product type, grade, concentration, application and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
Grade
Concentration
Application
End use industry
The nitric acid market is analyzed and market size insights and trends are provided by country, product type, grade, concentration, application and end use industry as referenced above.
The countries covered in the nitric acid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the nitric acid market and will continue to flourish its dominance during the forecast period owing to the large scale production of fertilizers in this region, growth and expansion of end user verticals in this region, abundant availability of raw materials and surging growth of agricultural industry.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The nitric acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nitric acid market.
Nitric Acid Market Leaders Operating in the Market Are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Nitric Acid Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Nitric Acid Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.