The global nitric acid market size is calculated at USD 31.41 billion in 2025 and is forecasted to reach around USD 43.09 billion by 2034, accelerating at a CAGR of 3.58% from 2025 to 2034. The Europe market size surpassed USD 20.01 billion in 2024 and is expanding at a CAGR of 3.66% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Nitric Acid Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Nitric Acid Market, by Application
8.1.1. Fertilizers
8.1.1.1. Market Revenue and Forecast
8.1.2. Adipic Acid
8.1.2.1. Market Revenue and Forecast
8.1.3. Toluene Diisocyanate
8.1.3.1. Market Revenue and Forecast
8.1.4. Nitrobenzene
8.1.4.1. Market Revenue and Forecast
8.1.5. Others
8.1.5.1. Market Revenue and Forecast
9.1. Nitric Acid Market, by End-Use
9.1.1. Explosives
9.1.1.1. Market Revenue and Forecast
9.1.2. Agrochemicals
9.1.2.1. Market Revenue and Forecast
9.1.3. Electronics
9.1.3.1. Market Revenue and Forecast
9.1.4. Automotive
9.1.4.1. Market Revenue and Forecast
9.1.5. Others
9.1.5.1. Market Revenue and Forecast
10.1. Nitric Acid Market, by March
10.1.1. Dilute Nitric Acid (68%)
10.1.1.1. Market Revenue and Forecast
10.1.2. Concentrated Nitric Acid (69% 71%)
10.1.2.1. Market Revenue and Forecast
11.1. Nitric Acid Market, by Distribution Channel
11.1.1. Direct/Institutional Sales
11.1.1.1. Market Revenue and Forecast
11.1.2. Retail Sales
11.1.2.1. Market Revenue and Forecast
11.1.5.1. Market Revenue and Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Application
12.1.2. Market Revenue and Forecast, by End-Use
12.1.3. Market Revenue and Forecast, by Concentration
12.1.4. Market Revenue and Forecast, by Distribution Channel
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Application
12.1.5.2. Market Revenue and Forecast, by End-Use
12.1.5.3. Market Revenue and Forecast, by Concentration
12.1.5.4. Market Revenue and Forecast, by Distribution Channel
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Application
12.1.6.2. Market Revenue and Forecast, by End-Use
12.1.6.3. Market Revenue and Forecast, by Concentration
12.1.6.4. Market Revenue and Forecast, by Distribution Channel
12.2. Europe
12.2.1. Market Revenue and Forecast, by Application
12.2.2. Market Revenue and Forecast, by End-Use
12.2.3. Market Revenue and Forecast, by Concentration
12.2.4. Market Revenue and Forecast, by Distribution Channel
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Application
12.2.5.2. Market Revenue and Forecast, by End-Use
12.2.5.3. Market Revenue and Forecast, by Concentration
12.2.5.4. Market Revenue and Forecast, by Distribution Channel
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Application
12.2.6.2. Market Revenue and Forecast, by End-Use
12.2.6.3. Market Revenue and Forecast, by Concentration
12.2.6.4. Market Revenue and Forecast, by Distribution Channel
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Application
12.2.7.2. Market Revenue and Forecast, by End-Use
12.2.7.3. Market Revenue and Forecast, by Concentration
12.2.7.4. Market Revenue and Forecast, by Distribution Channel
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Application
12.2.8.2. Market Revenue and Forecast, by End-Use
12.2.8.3. Market Revenue and Forecast, by Concentration
12.2.8.4. Market Revenue and Forecast, by Distribution Channel
12.3. APAC
12.3.1. Market Revenue and Forecast, by Application
12.3.2. Market Revenue and Forecast, by End-Use
12.3.3. Market Revenue and Forecast, by Concentration
12.3.4. Market Revenue and Forecast, by Distribution Channel
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Application
12.3.5.2. Market Revenue and Forecast, by End-Use
12.3.5.3. Market Revenue and Forecast, by Concentration
12.3.5.4. Market Revenue and Forecast, by Distribution Channel
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Application
12.3.6.2. Market Revenue and Forecast, by End-Use
12.3.6.3. Market Revenue and Forecast, by Concentration
12.3.6.4. Market Revenue and Forecast, by Distribution Channel
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Application
12.3.7.2. Market Revenue and Forecast, by End-Use
12.3.7.3. Market Revenue and Forecast, by Concentration
12.3.7.4. Market Revenue and Forecast, by Distribution Channel
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Application
12.3.8.2. Market Revenue and Forecast, by End-Use
12.3.8.3. Market Revenue and Forecast, by Concentration
12.3.8.4. Market Revenue and Forecast, by Distribution Channel
12.4. MEA
12.4.1. Market Revenue and Forecast, by Application
12.4.2. Market Revenue and Forecast, by End-Use
12.4.3. Market Revenue and Forecast, by Concentration
12.4.4. Market Revenue and Forecast, by Distribution Channel
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Application
12.4.5.2. Market Revenue and Forecast, by End-Use
12.4.5.3. Market Revenue and Forecast, by Concentration
12.4.5.4. Market Revenue and Forecast, by Distribution Channel
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Application
12.4.6.2. Market Revenue and Forecast, by End-Use
12.4.6.3. Market Revenue and Forecast, by Concentration
12.4.6.4. Market Revenue and Forecast, by Distribution Channel
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Application
12.4.7.2. Market Revenue and Forecast, by End-Use
12.4.7.3. Market Revenue and Forecast, by Concentration
12.4.7.4. Market Revenue and Forecast, by Distribution Channel
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Application
12.4.8.2. Market Revenue and Forecast, by End-Use
12.4.8.3. Market Revenue and Forecast, by Concentration
12.4.8.4. Market Revenue and Forecast, by Distribution Channel
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Application
12.5.2. Market Revenue and Forecast, by End-Use
12.5.3. Market Revenue and Forecast, by Concentration
12.5.4. Market Revenue and Forecast, by Distribution Channel
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Application
12.5.5.2. Market Revenue and Forecast, by End-Use
12.5.5.3. Market Revenue and Forecast, by Concentration
12.5.5.4. Market Revenue and Forecast, by Distribution Channel
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Application
12.5.6.2. Market Revenue and Forecast, by End-Use
12.5.6.3. Market Revenue and Forecast, by Concentration
12.5.6.4. Market Revenue and Forecast, by Distribution Channel
13.1. BASF SE
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Apache Nitrogen Products Inc.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. CF Industry Holdings, Inc
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Dupont
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Nutrien Ltd.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Omnia Holding Limited
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Rashtriya Chemical & Fertilizers Ltd.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Thyssenkrupp AG
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Yara International ASA
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
15.1. About Us
15.2. Glossary of Terms
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