Nitric Acid Market Research Report - Global Forecast Till 2027

Global Nitric Acid Market: Information by Concentration (Dilute Nitric Acid (68%) and  Concentrated Nitric Acid (69%-71%)), Application (Fertilizers, Ammonium Nitrate, Nitrobenzene, Toluene Di-Isocyanate, Adipic Acid, Nitro chlorobenzene and Others) End-Use Industry (Agrochemicals, Explosives, Chemical, Mining, and Others) and Region Forecast till 2027

ID: MRFR/CnM/1626-HCR | August 2022 | Region: Global | 135 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

2.4 Key Takeaways

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics of the Global Nitric Acid Market

4.1 Introduction

4.2 Drivers

4.3 Restraints

4.4 Opportunities

4.5 Challenges

4.6 Trends/Technology

5 Market Factor Analysis of the Global Nitric Acid Market

5.1 Supply Chain Analysis

5.1.1 Raw Material Suppliers

5.1.2 Manufacturers/Producers

5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

5.1.4 End User

5.2 Porter’s Five Forces Analysis

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Buyers

5.2.3 Bargaining Power of Suppliers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Competitive Rivalry

5.3 Pricing Analysis

6. Global Nitric Acid Market, by Concentration

6.1 Introduction

6.2 Dilute Nitric Acid (68%)

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, by Region, 2020-2027

6.3 Concentrated Nitric Acid (69%-71%)

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, by Region, 2020-2027

7. Global Nitric Acid Market, by Application

7.1 Introduction

7.2 Fertilizers

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 Ammonium Nitrate

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.4 Nitrobenzene

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.5 Toluene Di-Isocyanate

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Region, 2020-2027

7.6 Adipic Acid

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast, by Region, 2020-2027

7.7 Nitro Chlorobenzene

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast, by Region, 2020-2027

7.8 Others

7.8.1 Market Estimates & Forecast, 2020-2027

7.8.2 Market Estimates & Forecast, by Region, 2020-2027

8. Global Nitric Acid Market, by End-Use Industry

8.1 Introduction

8.2 Agrochemicals

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Region, 2020-2027

8.3 Explosives

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Region, 2020-2027

8.4 Chemical

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, by Region, 2020-2027

8.5 Mining

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast, by Region, 2020-2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast, by Region, 2020-2027

9. Global Nitric Acid Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.2.3 Market Estimates & Forecast, by Application, 2020-2027

9.2.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.2.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.2.5.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.2.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.2.6.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.3.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.3.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.5.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.6 France

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.3.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.6.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.7.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast, by Concentration,2020-2027

9.3.8.3 Market Estimates & Forecast, by Application,2020-2027

9.3.8.4 Market Estimates & Forecast, by End-Use Industry,2020-2027

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast, by Concentration,2020-2027

9.3.9.3 Market Estimates & Forecast, by Application,2020-2027

9.3.9.4 Market Estimates & Forecast, by End-Use Industry,2020-2027

9.3.10 Russia

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast, by Concentration,2020-2027

9.3.10.3 Market Estimates & Forecast, by Application,2020-2027

9.3.10.4 Market Estimates & Forecast, by End-Use Industry,2020-2027

9.3.11 Poland

9.3.11.1 Market Estimates & Forecast, 2020-2027

9.3.11.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.3.11.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.11.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.12 Rest of Europe

9.3.12.1 Market Estimates & Forecast, 2020-2027

9.3.12.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.3.12.3 Market Estimates & Forecast, by Application, 2020-2027

9.3.12.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.4.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.4.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.5.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.4.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.6.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.4.7.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.7.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.8 Australia & New Zealand

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.4.8.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.8.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.4.9.3 Market Estimates & Forecast, by Application, 2020-2027

9.4.9.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.5 GCC

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.5.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.5.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.6 Israel

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.5.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.6.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.7 North Africa

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.5.7.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.7.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.8 South Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.5.8.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.8.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.9 Rest of Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2020-2027

9.5.9.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.5.9.3 Market Estimates & Forecast, by Application, 2020-2027

9.5.9.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.6.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.6.5.3 Market Estimates & Forecast, by Application, 2020-2027

9.6.5.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.6 Argentina

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.6.6.3 Market Estimates & Forecast, by Application, 2020-2027

9.6.6.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.7 Mexico

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.6.7.3 Market Estimates & Forecast, by Application, 2020-2027

9.6.7.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.8 Rest of Latin America

9.6.8.1 Market Estimates & Forecast, 2020-2027

9.6.8.2 Market Estimates & Forecast, by Concentration, 2020-2027

9.6.8.3 Market Estimates & Forecast, by Application, 2020-2027

9.6.8.4 Market Estimates & Forecast, by End-Use Industry, 2020-2027

10. Company Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

11. Company Profiles

11.1 BASF SE

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 Nutrien Ltd

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 Koch Fertilizer, LLC

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 PVS Chemicals

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 Apache Nitrogen Products, Inc.

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 CF Fertilisers UK

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 Orica Limited

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.7.6 SWOT Analysis

11.8 The Chemours Company

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 LSB Industries

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 Incitec Pivot limited

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

11.11 Kemcore

11.11.1 Company Overview

11.11.2 Financial Updates

11.11.3 Product/Business Segment Overview

11.11.4 Strategy

11.11.5 Key Developments

11.11.6 SWOT Analysis

11.12 Qingdao Hisea Chem Co. Ltd

11.12.1 Company Overview

11.12.2 Financial Updates

11.12.3 Product/Business Segment Overview

11.12.4 Strategy

11.12.5 Key Developments

11.12.6 SWOT Analysis

12. Conclusion

LIST OF TABLES

Table 1 Global Nitric Acid Market: by Region, 2020-2027

Table 2 North America: Nitric Acid Market, by Country, 2020-2027

Table 3 Europe: Nitric Acid Market, by Country, 2020-2027

Table 4 Asia-Pacific: Nitric Acid Market. by Country, 2020-2027

Table 5 Middle East & Africa: Nitric Acid Market, by Country, 2020-2027

Table 6 Latin America: Nitric Acid Market, by Country, 2020-2027

Table 7 Global Nitric Acid Market Concentration Market, by Regions, 2020-2027

Table 8 North America: Nitric Acid Market Concentration Market, by Country, 2020-2027

Table 9 Europe: Nitric Acid Market Concentration Market, by Country, 2020-2027

Table10 Asia-Pacific: Nitric Acid Market Concentration Market, by Country, 2020-2027

Table11 Middle East & Africa: Nitric Acid Market Concentration Market, by Country, 2020-2027

Table12 Latin America: Nitric Acid Market Concentration Market, by Country, 2020-2027

Table13 Global Nitric Acid Market Application Market, by Regions, 2020-2027

Table14 North America: Nitric Acid Market Application Market, by Country, 2020-2027

Table15 Europe: Nitric Acid Market Application Market, by Country, 2020-2027

Table16 Asia-Pacific: Nitric Acid Market Application Market, by Country, 2020-2027

Table17 Middle East & Africa: Nitric Acid Market Application Market, by Country, 2020-2027

Table18 Latin America: Nitric Acid Market Application Market, by Country, 2020-2027

Table19 Global Nitric Acid Market End-Use Industry Market, by Regions, 2020-2027

Table20 North America: Nitric Acid Market End-Use Industry Market, by Country, 2020-2027

Table21 Europe: Nitric Acid Market End-Use Industry Market, by Country, 2020-2027

Table22 Asia-Pacific: Nitric Acid Market End-Use Industry Market, by Country, 2020-2027

Table23 Middle East & Africa: Nitric Acid Market End-Use Industry Market, by Country, 2020-2027

Table24 Latin America: Nitric Acid Market End-Use Industry Market, by Country, 2020-2027

Table25 Global Concentration Market, by Region, 2020-2027

Table26 Global Application Market, by Region, 2020-2027

Table27 Global End-Use Industry Market, by Region, 2020-2027

Table28 North America: Nitric Acid Market, by Country, 2020-2027

Table29 North America: Nitric Acid Market, by Concentration, 2020-2027

Table30 North America: Nitric Acid Market, by Application, 2020-2027

Table31 North America: Nitric Acid Market, by End-Use Industry, 2020-2027

Table32 Europe: Nitric Acid Market, by Country, 2020-2027

Table33 Europe: Nitric Acid Market, by Concentration, 2020-2027

Table34 Europe: Nitric Acid Market, by Application, 2020-2027

Table35 Europe: Nitric Acid Market, by End-Use Industry, 2020-2027

Table36 Asia-Pacific: Nitric Acid Market, by Country, 2020-2027

Table37 Asia-Pacific: Nitric Acid Market, by Concentration, 2020-2027

Table38 Asia-Pacific: Nitric Acid Market, by Application, 2020-2027

Table39 Asia-Pacific: Nitric Acid Market, by End-Use Industry, 2020-2027

Table40 Middle East & Africa: Nitric Acid Market, by Country, 2020-2027

Table41 Middle East & Africa: Nitric Acid Market, by Concentration, 2020-2027

Table42 Middle East & Africa: Nitric Acid Market, by Application, 2020-2027

Table43 Middle East & Africa: Nitric Acid Market, by End-Use Industry, 2020-2027

Table44 Latin America: Nitric Acid Market, by Country, 2020-2027

Table45 Latin America: Nitric Acid Market, by Concentration, 2020-2027

Table46 Latin America: Nitric Acid Market, by Application, 2020-2027

Table47 Latin America: Nitric Acid Market, by End-Use Industry, 2020-2027

LIST OF FIGURES

FIGURE 1 Global Nitric Acid Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Nitric Acid Market

FIGURE 4 Value Chain of Global Nitric Acid Market

FIGURE 5 Global Nitric Acid Market, 2020-2027, by Country, 2020

FIGURE 6 Share of Global Nitric Acid Market, by Country, 2020-2027

FIGURE 7 Global Nitric Acid Market Size, by Concentration, 2020

FIGURE 8 Share of Global Nitric Acid Market, by Concentration, 2020-2027

FIGURE 9 Global Nitric Acid Market Size, by Application, 2017

FIGURE10 Share of Global Nitric Acid Market, by Application, 2020-2027

FIGURE11 Global Nitric Acid Market Size, by End-Use Industry, 2020

FIGURE12 Share of Global Nitric Acid Market, by End-Use Industry, 2020-2027

Nitric Acid Market

The Nitric Acid Market has predicted to meet a CAGR of 6.3% and achieve a growth of USD 17.5 Billion in the forecast period of 2030.

Segmentation

By Concentration Dilute Nitric Acid (68%) Concentrated Nitric Acid (69% 71%)
By Application Fertilizers Ammonium Nitrate Nitrobenzene Toluene Di Isocyanate Adipic Acid Nitro Chlorobenzene Others
By End-Use Industry Agrochemicals Explosives Chemical Mining Others

Key Players

  • Koch Fertilizer LLC (US)
  • PVS Chemicals (US)
  • BASF SE (Germany)
  • Nutrien Ltd (Canada)
  • Orica Limited (Australia)
  • The Chemours Company (US)
  • LSB Industries (US)
  • Apache Nitrogen Products Inc. (US)
  • CF Fertilisers UK (UK)
  • Incitec Pivot Limited (Australia)
  • Kemcore (China).

Drivers

  • The increasing fertilizer demand with the growing high crop yield needs is driving the growth of the global market -in the forecast period.
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Nitric Acid Market Overview


The Nitric Acid Market has predicted to meet a CAGR of 6.3% and achieve a growth of USD 17.5 Billion in the forecast period of 2025. Generally, nitric acid is extensively used in various agrochemicals productions such as calcium ammonium nitrate, ammonium nitrate (AN), and urea ammonium nitrate. Nitric acid (HNO3) is a corrosive mineral acid, which is also called aqua fortis. Nitric acid is colorless in its pure form, but it turns pale yellow because of the decomposition of oxides. Nitric acids are popularly used in the production of pigments, dyes, and paints.


The nitric acid market is driving its growth in the forecast period due to the increasing fertilizer demand with the growing high crop yield requirements. Moreover, the military and defense industries are increasing demands for ammonium nitrate widely used in explosives to boost the nitric acid market growth. The market has estimated that increasing nitric acid consumption in chemicals such as adipic acid and toluene di-isocyanate (TDI) will boost the market demand in the upcoming years. In the textile and automotive industries, adipic acid is extensively used for nylon-6,6 production.  Moreover, the furniture and upholstery sectors are widely using TDI for the production of polyurethane foams. Further, the nitric acid market is growing lucrative opportunities for nitric acid producers due to the increasing mining activities across the world. Thus, Mining sectors are using nitric acid as a blasting and explosive agent. Along with that, the nitric acid market is bringing more opportunities for the market players due to the increasing use of nitric acid as an oxidizer for space expeditions in rocket propellants.


According to the nitric acid market analysis report, the market has given the full focus on the detailed analysis of the market overview, COVID-19 analysis, market segmentation, market dynamics, regional analysis, competitive analysis, and recent developments. This report has highlighted the growing networks of the global market across various counties. Hence, the market has involved many producers, manufacturers, and key players in enhancing the growth of the market. Further, it has mentioned that the nitric acid market has generated more nitric acid market share in the previous year's reports, and again it predicts to generate higher in the upcoming years.


Competitive Landscape Analysis


The key players for the nitric acid market trends are:



  • Koch Fertilizer, LLC (US),

  • PVS Chemicals (US),

  • BASF SE (Germany),

  • Nutrien Ltd (Canada),

  • Orica Limited (Australia),

  • The Chemours Company (US),

  • LSB Industries (US),

  • Apache Nitrogen Products, Inc. (US),

  • CF Fertilisers UK (UK),

  • Incitec Pivot Limited (Australia),

  • Qingdao Hisea Chem Co. Ltd (China),

  • Kemcore (China).


The nitric acid market analysis report explains that these key players are continuously giving their strengths to optimize the growth of the global market.


COVID 19 Impact Analysis


The COVID-19 pandemic has arrived in the year 2020 across the world and destroyed all the marketing processes. Among them, the global nitric acid market was one. The global lockdown has affected the nitric acid market demand and supplies chain as well as its productions, investors, and many others.


However, the nitric acid market has did not stop its production and continuously tries to increase its growth potential. According to the time changes, the situation has cool down now due to the continuous efforts of the manufacturers and key players. In the upcoming years, it is expected to increase its nitric acid market growth.


Market Dynamics



  • Key Market Drivers


The global nitric acid market is increasing day by day. Hence, the increasing fertilizer demand with the growing high crop yield needs is driving the growth of the global market -in the forecast period. Moreover, the global nitric acid market share is boosting up due to the military and defense industries, which are increasing the demands for ammonium nitrate and it is further widely used in explosives.


Along with that, the global market has been estimated to boost up due to the increase of nitric acid consumption in chemicals like adipic acid and toluene di-isocyanate (TDI) in the forecast period.  The adipic acid is extensively used in the textile and automotive industries for nylon-6,6 production, which is predicted to grow the global market.  Moreover, for the better production of polyurethane foams, the furniture and upholstery sectors are extensively using TDI.



  • Growth opportunities for the market


The global nitric acid market is increasing lucrative opportunities day by day for nitric acid producers because of the mining activities growth in the world. Therefore, nitric acids are used extensively as a blasting and explosive agent in the mining sector. Along with that, the rising nitric acid use as an oxidizer in rocket propellants is bringing more opportunities for the market players in the global market.


Hence, the nitric acid market forecast report has mentioned that nitric acid is increasing its demand across the various region, which is bringing more marketing opportunities for the key players and manufacturers.



  • Restraints of the Market


The global nitric acid market is predicted to hinder global growth in the forecast period because if the nitric acid is coming in contact with humans, it can result in burns to the throat, lethal, mouth, and stomach. Another restraint to the market growth in the coming years is a stringent regulatory scenario in North America and the European region due to its harmful effects on the environment and humans.


Hence, the global market has engaged many nitric acid manufacturers, producers, and key players to boost up the growth of the global market.



  • Challenges for the market


The nitric acid market might experience challenges due to the increasing nitric acid market price. Hence, the global market requires to look into this aspect and provide a reasonable price to its audiences.


Further, the global market needs to involve more market players to look into the nitric acid market price and increase its demands.



  • Cumulative Growth Analysis of the market


The nitric acid market has predicted to achieve a growth of USD 17.5 Billion and meet a CAGR of 6.3% in the forecast period of 2025.


Hence, the global market has involved many key players, producers, and manufacturers in enhancing the global market growth. Further, the previous year's reports have mentioned that the Nitric Acid market has generated more nitric acid market share, and further, it has aimed to generate higher revenue in the upcoming years.


Market Segmentation



  • By Concentration:


According to the concentration segment, the nitric acid market has various concentrations such as concentrated nitric acid and dilute nitric acid.


Here, concentrated nitric acid contains 69%-71%, and dilute nitric acid contains 68% of concentrations.



  • By Applications:


According to the application segment, the nitric acid market is segmented into fnitrobenzene, toluene di-isocyanate, fertilizers, ammonium nitrate, nitro chlorobenzene, adipic acid, and others.


As a result, the increasing demand for various applications is bringing more nitric acid market scope to the global players.



  • By End-users:


According to the end-users segment, the nitric acid market has various end-users such as chemical, mining, agrochemicals, explosives, and others.


The global nitric acid market growth is increasing due to the military and defense industries. These industries are increasing demands for ammonium nitrate to use in explosives. Along with that, the textile and automotive industries are using adipic acid for nylon-6,6 production. 


Regional Analysis


The global nitric acid market is offering its quality products and services across the world. Some of the top-performing regions are North America, Latin America, Asia Pacific, Europe, and other parts of the world.


In 2018, the European region generated the largest market share due to the high nitric acid consumption in the chemical derivatives production that is used in explosives and fertilizers. Further, the nitric acid market forecast report mentions that the European region is predicted to generate a higher market share in the forecast period.


Recent Developments



  • October 2021 - KBR has received a 3-year service contract from EuroChem for KBR INSITE®, its ammonia plant in Kingisepp, Russia.
    As per the contract terms, KBR will proactively examine EuroChem's ammonia plant operations and identify opportunities for attaining sustainable improvements in production, energy efficiency, environmental impact, and reliability.
    KBR President, Sustainable Technology Solutions, Jay Ibrahim, said that the company has a collaborative and longstanding relationship with EuroChem. They are happy to provide their KBR INSITE advisory services to guarantee optimum plant operations for EuroChem. He added that they are looking forward to arming this facility with best-in-class sustainable digital solutions and keeping safety, energy efficiency, and the environment at the core of the strategy.
    According to the contract terms, KBR will offer technical support, basic engineering design, and a license to Hanwha for a 1200 tpd dual pressure nitric acid plant.

  • September 2021- Casale and KuibyshevAzot have inked an agreement for the realization of a 1575 tpd nitric acid (NA) and 2000 tpd ammonium nitrate solution (ANS) complex to be deployed in Togliatti (Russia).

  • The increasing nitric acid consumption in chemicals like adipic acid and toluene di-isocyanate (TDI) is predicted to boost up the global market demand in the reviewed year.


Report Overview


The nitric acid market analysis report has coved the detailed analysis of the market segmentation, market dynamics, market overview, COVID-19 analysis, regional analysis, recent developments, and competitive analysis. Moreover, this report has analyzed the increasing networks of the global market globally.


However, the global market has engaged manufacturers, producers, and key players on a large scale to enhance the global market growth. Further, previous year's reports have explained that the market has created more nitric acid market share. The same has been predicted to build a higher value in the upcoming years.


By Concentrations:



  • Concentrated nitric acid

  • Dilute nitric acid


By Applications:    



  • Fnitrobenzene,

  • Toluene di-isocyanate,

  • Fertilizers,

  • Ammonium nitrate,

  • Nitro chlorobenzene,

  • Adipic acid,

  • Others


By End-users:



  • Chemical,

  • Mining,

  • Agrochemicals,

  • Explosives,

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 17.5 Billion
  • 2027: Significant value
  •   CAGR   6.3%(2019–2025)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Concentration, Application, End-Use Industry and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Koch Fertilizer, LLC (US), PVS Chemicals (US), BASF SE (Germany), Nutrien Ltd (Canada), Orica Limited (Australia), The Chemours Company (US), LSB Industries (US), Apache Nitrogen Products, Inc. (US), CF Fertilisers UK (UK), Incitec Pivot Limited (Australia),Qingdao Hisea Chem Co. Ltd (China),Kemcore (China).
      Key Market Opportunities   Because of the mining activities growth in the world.
      Key Market Drivers    the increasing fertilizer demand with the growing high crop yield needs is driving the growth of the global market -in the forecast period


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    Frequently Asked Questions (FAQ) :

    The nitric acid market forecast report says that the European region is predicted to generate a higher market share in the forecast period due to the high nitric acid consumption in the chemical derivatives production.

    Koch Fertilizer, LLC (US), PVS Chemicals (US), BASF SE (Germany), Nutrien Ltd (Canada), Orica Limited (Australia), The Chemours Company (US), LSB Industries (US), Apache Nitrogen Products, Inc. (US), CF Fertilisers UK (UK), Incitec Pivot Limited (Australia), Qingdao Hisea Chem Co. Ltd (China), Kemcore (China).

    Nitric Acid market is predicted to grow at 6.3% through forecast period of 2020-2027.

    The forecast period for Ferro Alloys market research report is 2020-2027.