PUBLISHER: The Business Research Company | PRODUCT CODE: 1925999
PUBLISHER: The Business Research Company | PRODUCT CODE: 1925999
Concentrated nitric acid is a potent form of nitric acid, typically a water-based solution containing approximately 70% HNO3. This acid has a lower water content compared to its solutes.
The main types of concentrated nitric acid include strong nitric acid and fuming nitric acid. Strong nitric acid is a powerful acid with the molecular formula HNO3. It finds various applications in agrochemicals, explosives, automotive, rubber, and other materials. The distribution channels for concentrated nitric acid include direct institutional sales, retail sales, and other channels.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the concentrated nitric acid market by increasing costs of imported raw materials, processing equipment, storage tanks, and transportation containers. Chemical manufacturers in North America and Europe are most affected due to reliance on cross-border acid trade, while Asia-Pacific experiences pricing pressure on export-driven production. These tariffs are raising procurement costs and tightening supply availability. However, they are also promoting domestic nitric acid production, regional capacity expansion, and long-term supply agreements with local chemical producers.
The concentrated nitric acid market research report is one of a series of new reports from The Business Research Company that provides concentrated nitric acid market statistics, including concentrated nitric acid industry global market size, regional shares, competitors with a concentrated nitric acid market share, detailed concentrated nitric acid market segments, market trends and opportunities, and any further data you may need to thrive in the concentrated nitric acid industry. This concentrated nitric acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The concentrated nitric acid market size has grown steadily in recent years. It will grow from $19.58 billion in 2025 to $20.18 billion in 2026 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to expansion of fertilizer production capacities, growth of chemical manufacturing industries, rising demand from explosives manufacturing, increasing use in metal processing applications, availability of large-scale nitric acid plants.
The concentrated nitric acid market size is expected to see steady growth in the next few years. It will grow to $22.28 billion in 2030 at a compound annual growth rate (CAGR) of 2.5%. The growth in the forecast period can be attributed to increasing investments in agrochemical production, rising demand from advanced materials manufacturing, expansion of mining and infrastructure projects, growing focus on domestic chemical supply chains, increasing safety and compliance requirements. Major trends in the forecast period include increasing demand for high-purity nitric acid, rising use in agrochemical manufacturing, growing adoption in specialty chemical production, expansion of explosives and propellant applications, enhanced focus on safe acid handling systems.
The rising construction activities are expected to drive the growth of the concentrated nitric acid market. Construction activities involve building, repairing, or modifying structures and infrastructure. Rapid urbanization and increasing population density in cities are fueling demand for residential, commercial, and transportation infrastructure, which in turn increases the need for concentrated nitric acid. It is essential for manufacturing explosives used in mining, blasting, and excavation operations required for infrastructure projects. For example, in June 2025, Eurostat, a Luxembourg-based statistical office of the European Union, reported that construction production rose by 3.0% in the euro area and 2.5% in the EU in April 2025 compared with April 2024. Therefore, rising construction activities are propelling the concentrated nitric acid market.
The growing manufacturing industry is also expected to support the growth of the concentrated nitric acid market. The manufacturing sector involves producing physical goods through various processes, from raw materials to finished products. Concentrated nitric acid is a key oxidizing agent used for metal etching, surface passivation, and the production of chemicals and explosives. For instance, in July 2023, Eurostat reported that industrial output in the European area increased by 0.2%, with a 0.1% rise in the European Union between May and April 2023. Therefore, the expanding manufacturing sector is driving the demand for concentrated nitric acid.
Major companies in the concentrated nitric acid market are focusing on innovative technologies to reduce greenhouse gas emissions and comply with climate regulations. For example, in July 2023, Orica, an Australia-based commercial explosives company, announced a project at its Kooragang Island facility to reduce greenhouse gas emissions by nearly 50%. The initiative incorporates renewable hydrogen into ammonia production in collaboration with Origin Energy through the Hunter Valley Hydrogen Hub, using a grid-connected electrolyser to produce hydrogen from recycled water and renewable electricity. The project also employs advanced technology to reduce nitrous oxide (N2O) emissions from its three nitric acid plants by at least 98%, supporting Orica's sustainability goals.
Major companies operating in the concentrated nitric acid market are Nutrien Ltd., BASF SE, Dupont de Nemours Inc., LSB Industries Inc., CF Industries Holdings Inc., Deepak Fertilisers and Petrochemicals Corporation Ltd., Koch Fertilizers LLC, National Chemical Group Co. Ltd., OCI N.V., Shandong Fengyuan Chemical Stock Co. Ltd., Ube Industries Ltd., Yara International ASA, Gujarat Narmada Valley Fertilizers & Chemicals Limited, EuroChem Group AG, Grupa Azoty S.A., Abu Qir Fertilizers and Chemicals Company, Sichuan Chuanxi Xingda Chemical Co. Ltd., Shandong Haili Chemical Industry Co. Ltd., Nitro Quimica S.A., GACL-NALCO Alkalies & Chemicals Pvt. Ltd., Rashtriya Chemicals & Fertilizers Ltd., Dow Inc., Eastman Chemical Company, Mitsui Chemicals Inc.
Asia-Pacific was the largest region and fastest growing in the concentrated nitric acid market share in 2025. The regions covered in the concentrated nitric acid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the concentrated nitric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The concentrated nitric acid consists of hydrogen nitrate, ammonium nitrate, adipic acid, nitrobenzene, and toluene diisocyanate. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Concentrated Nitric Acid Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses concentrated nitric acid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for concentrated nitric acid ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The concentrated nitric acid market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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