Global Concentrated Nitric Acid Market Size Study & Forecast, by Type, Application, End-use Industry, and Regional Forecasts 2025-2035

Description

The Global Concentrated Nitric Acid Market is valued at approximately USD 26.95 billion in 2024 and is expected to expand at a steady compound annual growth rate (CAGR) of 3.10% over the forecast period 2025-2035. As the backbone of numerous industrial synthesis processes, concentrated nitric acid has long played an instrumental role across chemical manufacturing, agricultural applications, and defense technologies. Its demand continues to be propelled by the robust growth in the production of ammonium nitrate-an essential component in fertilizers and explosives. Furthermore, its pivotal application in the synthesis of adipic acid, a key precursor for nylon manufacturing, underscores its irreplaceable role in high-performance materials industries. The increasing requirement for this acid in electronics, owing to its oxidizing properties and role in circuit board etching, also contributes to the market's upward trajectory.

The growth curve is further sharpened by the rise in global agricultural consumption, especially in developing regions where fertilizer demand has spiked due to rapid urbanization and the necessity to boost crop yields. In tandem, the rise in production of toluene diisocyanate and nitrobenzene-both essential to polyurethane and aniline manufacture-has continued to reinforce the market's scale and scope. However, environmental concerns related to nitric acid emissions and the highly corrosive nature of its handling and storage have nudged regulatory bodies to impose stricter production and disposal guidelines, thereby challenging unregulated expansion. Nevertheless, innovations in green chemistry and advancements in emission-control technologies are anticipated to unlock new avenues for sustainable growth.

Regionally, North America is expected to maintain its market leadership, driven by its well-established chemical and explosives industries, alongside rising demand from the automotive and aerospace sectors for high-performance materials. Europe follows closely, buoyed by the resurgence of agrochemical applications and a proactive regulatory framework promoting efficient chemical synthesis pathways. However, the Asia Pacific region is forecasted to witness the fastest CAGR over the forecast period. Fueled by massive population-driven agricultural needs and rapid industrialization in economies like China and India, the region is evolving into a manufacturing hub for fertilizers, dyes, and specialty chemicals. Strategic investments, along with government-supported infrastructure developments and capacity expansions, are likely to further bolster market penetration in the region.

Major market player included in this report are:

BASF SE
Yara International ASA
CF Industries Holdings, Inc.
LSB Industries, Inc.
Nutrien Ltd.
Gujarat Narmada Valley Fertilizers & Chemicals
Hanwha Corporation
Deepak Fertilizers and Petrochemicals Corporation Ltd.
Koch Industries, Inc.
Rashtriya Chemicals and Fertilizers Ltd.
Sasol Limited
Eastman Chemical Company
Dyno Nobel
Orica Limited
Grupa Azoty

Global Concentrated Nitric Acid Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Type:

Strong
Fuming

By Application:

Ammonium Nitrate
Adipic Acid
Nitrobenzene
Toluene Diisocyanate

By End-use Industry:

Agrochemicals
Explosives
Automotive
Electronics

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Concentrated Nitric Acid Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Concentrated Nitric Acid Market Forces Analysis

3.1. Market Forces Shaping The Global Concentrated Nitric Acid Market (2024-2035)
3.2. Drivers
- 3.2.1. Escalating demand for ammonium nitrate in fertilizer and explosives manufacturing
- 3.2.2. Rising consumption of adipic acid and nitrobenzene in industrial synthesis
3.3. Restraints
- 3.3.1. Strict regulatory norms on nitric acid emissions and handling
- 3.3.2. Health hazards and corrosive nature of concentrated nitric acid
3.4. Opportunities
- 3.4.1. Expansion of green chemistry and emission control technologies
- 3.4.2. Rising agricultural activities in emerging economies

Chapter 4. Global Concentrated Nitric Acid Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Concentrated Nitric Acid Market Size & Forecasts by Type 2025-2035

5.1. Market Overview
5.2. Global Concentrated Nitric Acid Market Performance - Potential Analysis (2025)
5.3. Strong
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Fuming
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Concentrated Nitric Acid Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Global Concentrated Nitric Acid Market Performance - Potential Analysis (2025)
6.3. Ammonium Nitrate
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Adipic Acid
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035
6.5. Nitrobenzene
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market Size Analysis, by Region, 2025-2035
6.6. Toluene Diisocyanate
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Concentrated Nitric Acid Market Size & Forecasts by End-use Industry 2025-2035

7.1. Agrochemicals
7.2. Explosives
7.3. Automotive
7.4. Electronics

Chapter 8. Global Concentrated Nitric Acid Market Size & Forecasts by Region 2025-2035

8.1. Global Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Concentrated Nitric Acid Market
- 8.3.1. U.S.
  - 8.3.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.3.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.3.2. Canada
  - 8.3.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.3.2.2. Application Breakdown Size & Forecasts, 2025-2035
8.4. Europe Concentrated Nitric Acid Market
- 8.4.1. UK
  - 8.4.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.4.2. Germany
  - 8.4.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.4.3. France
  - 8.4.3.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.4.4. Spain
  - 8.4.4.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.4.5. Italy
  - 8.4.5.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.4.6. Rest of Europe
  - 8.4.6.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.4.6.2. Application Breakdown Size & Forecasts, 2025-2035
8.5. Asia Pacific Concentrated Nitric Acid Market
- 8.5.1. China
  - 8.5.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.5.2. India
  - 8.5.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.5.3. Japan
  - 8.5.3.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.5.4. Australia
  - 8.5.4.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.5.5. South Korea
  - 8.5.5.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.5.6. Rest of Asia Pacific
  - 8.5.6.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.5.6.2. Application Breakdown Size & Forecasts, 2025-2035
8.6. Latin America Concentrated Nitric Acid Market
- 8.6.1. Brazil
  - 8.6.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.6.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.6.2. Mexico
  - 8.6.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.6.2.2. Application Breakdown Size & Forecasts, 2025-2035
8.7. Middle East & Africa Concentrated Nitric Acid Market
- 8.7.1. UAE
  - 8.7.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.7.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.7.2. Saudi Arabia
  - 8.7.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.7.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.7.3. South Africa
  - 8.7.3.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.7.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 8.7.4. Rest of Middle East & Africa
  - 8.7.4.1. Type Breakdown Size & Forecasts, 2025-2035
  - 8.7.4.2. Application Breakdown Size & Forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. BASF SE
9.3. Yara International ASA
9.4. CF Industries Holdings, Inc.
9.5. LSB Industries, Inc.
9.6. Nutrien Ltd.
9.7. Gujarat Narmada Valley Fertilizers & Chemicals
9.8. Hanwha Corporation
9.9. Deepak Fertilizers and Petrochemicals Corporation Ltd.
9.10. Koch Industries, Inc.
9.11. Rashtriya Chemicals and Fertilizers Ltd.
9.12. Sasol Limited
9.13. Eastman Chemical Company
9.14. Dyno Nobel
9.15. Orica Limited
9.16. Grupa Azoty