"The Global Nitric Acid Market was valued at USD 20.11 billion in 2025 and is projected to reach USD 26.4 billion by 2034, growing at a CAGR of 3.07%."
The nitric acid market plays a crucial role in the global chemicals sector, serving as a key raw material for industries such as fertilizers, explosives, and chemicals manufacturing. Nitric acid is primarily used in the production of ammonium nitrate, a vital component of nitrogen-based fertilizers. In addition, nitric acid is essential in producing a wide range of chemicals like adipic acid, which is used in the production of nylon, and in the manufacturing of explosives and metal etching. Due to its wide range of applications, the market is driven by factors such as agricultural demand for fertilizers, expanding industrial sectors, and growing investments in chemical manufacturing. The market is also influenced by regulatory requirements concerning the production and transportation of nitric acid, especially given its hazardous nature. Furthermore, the increasing focus on efficient and environmentally-friendly production methods is contributing to the demand for advanced nitric acid production technologies.
The nitric acid market is witnessing steady growth, with strong demand from emerging economies in Asia Pacific, particularly China and India, where industrial expansion and agricultural demand are driving the need for fertilizers. Additionally, the increasing adoption of controlled-release fertilizers in agricultural practices is boosting demand for high-quality nitric acid. In developed regions like North America and Europe, the market is benefiting from the ongoing demand for chemicals used in automotive, aerospace, and other industrial applications. The market is also expected to see innovations in production processes to reduce environmental impact, such as through the use of more sustainable raw materials and energy-efficient production techniques. As industries continue to evolve and demand for nitrogen-based products grows, the nitric acid market is projected to grow steadily, with ongoing improvements in production technology and product offerings.
Report Scope
| Parameter | Detail |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2034 |
| Market Size-Units | USD billion/Million |
| Market Splits Covered | By Type ,By Application ,By End User |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization(up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Regional Insights
North America Nitric Acid Market
The North American nitric acid market is experiencing steady growth, driven by robust demand from the agricultural sector, particularly for fertilizer production. The increasing adoption of electric vehicles (EVs) and advancements in semiconductor manufacturing are further fueling the need for high-purity nitric acid. Additionally, the region is witnessing a shift towards sustainable and low-emission production processes, aligning with stricter environmental regulations. The market is characterized by the presence of established players investing in capacity expansion and technological advancements to meet the evolving demands of various end-use industries.
Asia Pacific Nitric Acid Market
Asia Pacific leads the global nitric acid market, with significant contributions from countries like China and India. The region's rapid industrialization, expanding agricultural activities, and growing demand for fertilizers are key drivers of market growth. Furthermore, the increasing use of nitric acid in the production of explosives and specialty chemicals is contributing to the market's expansion. The region is also witnessing advancements in production technologies, focusing on energy efficiency and environmental sustainability. As a result, Asia Pacific is poised to maintain its dominance in the global nitric acid market.
Europe Nitric Acid Market
Europe's nitric acid market is characterized by a mature industrial base and stringent environmental regulations. The demand for nitric acid is primarily driven by its use in fertilizer production, with a growing emphasis on sustainable and eco-friendly practices. The automotive and aerospace industries also contribute to the market's growth, utilizing nitric acid in various applications. Additionally, the region is witnessing technological advancements in production processes, aiming to enhance efficiency and reduce emissions. Europe's commitment to sustainability and innovation positions it as a significant player in the global nitric acid market.
Key Market Insights
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The nitric acid market is driven by its wide application in fertilizer production, particularly in the manufacturing of ammonium nitrate. As agricultural demand continues to rise globally, the market is seeing consistent growth, particularly in developing countries focused on improving agricultural productivity.
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Growing industrialization, especially in sectors like automotive, aerospace, and chemicals, is increasing the need for nitric acid. It is widely used in the production of essential chemicals like adipic acid, which is integral to the production of nylon and other synthetic materials.
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In emerging economies, particularly in Asia Pacific, the increasing demand for fertilizers in agricultural practices is driving nitric acid consumption. This trend is expected to continue as these regions focus on improving food production capabilities and adopting more advanced farming techniques.
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Environmental regulations and the hazardous nature of nitric acid are driving innovations in production processes. Manufacturers are focusing on developing environmentally friendly and energy-efficient production techniques to comply with regulatory standards and reduce the environmental impact.
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The increasing adoption of controlled-release fertilizers is boosting the demand for high-quality nitric acid. These fertilizers, which provide nutrients over an extended period, require more precise and efficient production of nitric acid to meet growing agricultural needs.
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The demand for nitric acid in the explosives industry is also contributing to market growth, particularly in defense and mining applications. The use of nitric acid in the manufacturing of explosives is a key factor in sustaining demand in these sectors.
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North America and Europe continue to witness steady demand for nitric acid, driven by its use in industrial applications and chemical manufacturing. The market in these regions is supported by ongoing investments in industrial infrastructure and innovations in production technologies.
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Technological advancements in nitric acid production are playing a crucial role in the market’s growth. The development of more efficient catalytic processes, combined with the use of renewable raw materials, is helping reduce production costs and improve sustainability in the industry.
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As the global demand for nitrogen-based products increases, manufacturers are looking to expand production capabilities. Strategic partnerships, mergers, and acquisitions are common strategies employed by companies to expand their market reach and production capacity.
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The shift towards sustainable and low-carbon technologies in nitric acid production is gaining momentum. This trend is driven by the need for more environmentally friendly solutions that align with global sustainability goals and regulatory frameworks.
Nitric Acid Market Segmentation
By Type
- Dilute Nitric Acid
- Concentrated Nitric Acid
By Application
- Fertilizers
- Nitrobenzene
- Toluene Di-Isocyanate
- Adipic Acid
- Nitro Chlorobenzene
- Others
By End User
- Agrochemicals
- Explosives
- Chemical
- Others
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Companies Covered
BASF, Yara International, CF Industries, LSB Industries, Deepak Fertilisers, Rashtriya Chemicals & Fertilizers, Nutrien, Koch Fertilizer, OCI Nitrogen, Apache Nitrogen, Abu Qir Fertilizers, Enaex, Hanwha Corporation, Proman AG, UralchemRecent Industry Developments
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July 2025: Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) announced plans to expand its nitric acid capacity in Dahej, Gujarat, with an investment of USD 228 million. The expansion includes a 300 KTPA weak nitric acid plant and two concentrated nitric acid plants totaling 150 KTPA, expected to commence production in the second half of 2025–2026.
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July 2025: Stamicarbon, the nitrogen technology licensor of NEXTCHEM, signed a contract to provide a license and process design package for a tertiary abatement unit at Soluciones Químicas' nitric acid plant in Mexico. The technology aims to remove nitrous oxide (N₂O) from the tail gas stream, meeting current emission regulations.
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November 2024: Orica implemented nitrous oxide reduction technology developed by ThyssenKrupp at its nitric acid plants in Newcastle and Gladstone, Australia. The technology has reduced emissions by about 15% relative to the total emissions of all Australian chemical producers, aligning with Orica's decarbonization strategy.
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November 2024: Grupa Azoty S.A. launched a new facility for the production of concentrated nitric acid (CNA) with a design output of 40,000 tonnes per year, doubling its capacity. The new production line is operating in Tarnow, Poland.
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June 2024: Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) became the largest producer of concentrated nitric acid (CNA) by the end of 2022, following the completion of a significant expansion project.
Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways1. The report provides 2024 Nitric Acid market sales data at the global, regional, and key country levels with a detailed outlook to 2034, allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.
2. The research includes the Nitric Acid market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment
3. The Nitric Acid market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks
4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business
5. The study assists investors in analyzing Nitric Acid business prospects by region, key countries, and top companies' information to channel their investments.
1.1 List of Tables
1.2 List of Figures
2. Nitric Acid Market Latest Trends, Drivers and Challenges, 2024 - 2034
2.1 Nitric Acid Market Overview
2.2 Market Strategies of Leading Nitric Acid Companies
2.3 Nitric Acid Market Insights, 2024 - 2034
2.3.1 Leading Nitric Acid Types, 2024 - 2034
2.3.2 Leading Nitric Acid End-User industries, 2024 - 2034
2.3.3 Fast-Growing countries for Nitric Acid sales, 2024 - 2034
2.4 Nitric Acid Market Drivers and Restraints
2.4.1 Nitric Acid Demand Drivers to 2034
2.4.2 Nitric Acid Challenges to 2034
2.5 Nitric Acid Market- Five Forces Analysis
2.5.1 Nitric Acid Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Nitric Acid Market Value, Market Share, and Forecast to 2034
3.1 Global Nitric Acid Market Overview, 2024
3.2 Global Nitric Acid Market Revenue and Forecast, 2024 - 2034 (US$ billion)
3.3 Global Nitric Acid Market Size and Share Outlook By Type, 2024 - 2034
3.4 Global Nitric Acid Market Size and Share Outlook By Application, 2024 - 2034
3.5 Global Nitric Acid Market Size and Share Outlook By End User, 2024 – 2034
3.6 Global Nitric Acid Market Size and Share Outlook By Segment4, 2024 - 2034
3.7 Global Nitric Acid Market Size and Share Outlook by Region, 2024 - 2034
4. Asia Pacific Nitric Acid Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific Nitric Acid Market Overview, 2024
4.2 Asia Pacific Nitric Acid Market Revenue and Forecast, 2024 - 2034 (US$ billion)
4.3 Asia Pacific Nitric Acid Market Size and Share Outlook By Type, 2024 - 2034
4.4 Asia Pacific Nitric Acid Market Size and Share Outlook By Application, 2024 - 2034
4.5 Asia Pacific Nitric Acid Market Size and Share Outlook By End User, 2024 – 2034
4.6 Asia Pacific Nitric Acid Market Size and Share Outlook By Segment4, 2024 - 2034
4.7 Asia Pacific Nitric Acid Market Size and Share Outlook by Country, 2024 - 2034
5. Europe Nitric Acid Market Value, Market Share, and Forecast to 2034
5.1 Europe Nitric Acid Market Overview, 2024
5.2 Europe Nitric Acid Market Revenue and Forecast, 2024 - 2034 (US$ billion)
5.3 Europe Nitric Acid Market Size and Share Outlook By Type, 2024 - 2034
5.4 Europe Nitric Acid Market Size and Share Outlook By Application, 2024 - 2034
5.5 Europe Nitric Acid Market Size and Share Outlook By End User, 2024 – 2034
5.6 Europe Nitric Acid Market Size and Share Outlook By Segment4, 2024 - 2034
5.7 Europe Nitric Acid Market Size and Share Outlook by Country, 2024 - 2034
6. North America Nitric Acid Market Value, Market Share and Forecast to 2034
6.1 North America Nitric Acid Market Overview, 2024
6.2 North America Nitric Acid Market Revenue and Forecast, 2024 - 2034 (US$ billion)
6.3 North America Nitric Acid Market Size and Share Outlook By Type, 2024 - 2034
6.4 North America Nitric Acid Market Size and Share Outlook By Application, 2024 - 2034
6.5 North America Nitric Acid Market Size and Share Outlook By End User, 2024 – 2034
6.6 North America Nitric Acid Market Size and Share Outlook By Segment4, 2024 - 2034
6.7 North America Nitric Acid Market Size and Share Outlook by Country, 2024 - 2034
7. South and Central America Nitric Acid Market Value, Market Share and Forecast to 2034
7.1 South and Central America Nitric Acid Market Overview, 2024
7.2 South and Central America Nitric Acid Market Revenue and Forecast, 2024 - 2034 (US$ billion)
7.3 South and Central America Nitric Acid Market Size and Share Outlook By Type, 2024 - 2034
7.4 South and Central America Nitric Acid Market Size and Share Outlook By Application, 2024 - 2034
7.5 South and Central America Nitric Acid Market Size and Share Outlook By End User, 2024 – 2034
7.6 South and Central America Nitric Acid Market Size and Share Outlook By Segment4, 2024 - 2034
7.7 South and Central America Nitric Acid Market Size and Share Outlook by Country, 2024 - 2034
8. Middle East Africa Nitric Acid Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa Nitric Acid Market Overview, 2024
8.2 Middle East and Africa Nitric Acid Market Revenue and Forecast, 2024 - 2034 (US$ billion)
8.3 Middle East Africa Nitric Acid Market Size and Share Outlook By Type, 2024 - 2034
8.4 Middle East Africa Nitric Acid Market Size and Share Outlook By Application, 2024 - 2034
8.5 Middle East Africa Nitric Acid Market Size and Share Outlook By End User, 2024 – 2034
8.6 Middle East Africa Nitric Acid Market Size and Share Outlook By Segment4, 2024 - 2034
8.7 Middle East Africa Nitric Acid Market Size and Share Outlook by Country, 2024 - 2034
9. Nitric Acid Market Structure
9.1 Key Players
9.2 Nitric Acid Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis
10. Nitric Acid Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
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FAQ's
The Global Nitric Acid Market is estimated to generate USD 20.11 billion in revenue in 2025.
The Global Nitric Acid Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.07% during the forecast period from 2025 to 2034.
The Nitric Acid Market is estimated to reach USD 26.4 billion by 2034.
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