Global Nitric Acid Market, By Type (Strong, Fuming), By Application (Adipic Acid, Ammonium Nitrate,

Published Date: | Report Code : CH193557


The Nitric Acid Market is expected to promise high growth owing to growth in demand for agrochemical needs in recent years. Increasing demand from end-use industries paints & coatings agrochemical, automotive, explosive and others are expected to drive the growth of the market.

Nitric acid is a corrosive mineral acid which is colorless when present in pure form and is slightly pale yellow on reaction with oxides. Commercially Nitric acid is found with 70% concentration which is generally solid in form. They are used as reagents in various reactions and it is used as a raw material in various industries for the development of different products such as fertilizers, tires, etc. Some of the prominent industries that use nitric acid are automobiles, explosives, agrochemicals, tires, paints & dyes, etc.

Segment Analysis:

Growth in demand for agricultural needs is the key factor for the growth of the global nitric acid market. Growth in automobile and tire industries is also expected to contribute to the growth of the market. The increasing demand for polymeric foams for building and construction, furniture and automotive is also expected to have a positive effect on market growth.

Some of the key Impact Factors:

  • The growth of the automobile and tire industries
  • Growth in demand for agrochemical needs

Regional Analysis: 

On the basis of the region, the nitric acid market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the nitric acid market during the forecast period. This demand is with regard to the growth of major end-use industries such as paints & coatings agrochemical, automotive, explosive and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the nitric acid market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the nitric acid market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: The Dow Chemical Company, Bayer AG, BASF SE, LyondellBasell Industries, Agrium Inc., Koch Fertilizer LLC, AkzoNobel NV, Basic Chemical Solutions LLC, PVS Chemicals, Apache Nitrogen Products Inc….

Market Segmentation:

By Type:

  • Strong
  • Fuming

By Application:

  • Adipic Acid
  • Ammonium Nitrate
  • Toluene Di-isocyanate
  • Others

By End-Use:

  • Paints & Coating
  • Agrochemical
  • Automobile
  • Explosive
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
    • By End-Use
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Europe)
    • By Type
    • By Application
    • By End-Use
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
    • By End-Use
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
    • By End-Use
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
    • By End-Use
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application
    • By End-Use

Reasons to buy this report:

  • Market size estimation of the nitric acid market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


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