The global nitric acid market size is expected to reach USD 35.9 billion by 2030, registering a CAGR of 2.4% from 2023 to 2030, as per the new report by Grand View Research, Inc. The growth is attributed to the rising demand for fertilizers by the agrarian economies of the world. The surge in the demand for fertilizers is witnessed by the excessive rise in demand for food. Fertilizer...

Nitric Acid Market Overview The nitric acid market is experiencing steady growth driven by its vital role in multiple industries, including fertilizers, chemicals, explosives, and metallurgy. Nitric acid (HNO₃) is a highly corrosive mineral acid used extensively in the production of ammonium nitrate for fertilizers, making agriculture the dominant end-use sector. Additionally, the rise in...

The global nitric acid market size was valued at USD 29.8 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 2.4% from 2023 to 2030.  The growth for the product is expected to be driven by increasing demand for the product from fertilizers formulators and by rising consumption of fertilizers in agrarian economies of the world. Growing demand for...