United States Nitric Acid Market 2025-2033 | Future Growth, Industry Trends, Share & Global Insights

DataM Intelligence has published a new research report on "Nitric Acid Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

According to the Department of Fertilizers of India, retail fertilizer sales in India reached 2.89 million tons in April, marking a 45.1% increase compared to the same month the previous year.

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Latest M&A

M&A activity in the concentrated nitric acid market remains moderate, with strategic alliances and joint ventures more common than large-scale acquisitions. Recent deals are focused on technology advancements and geographic expansion rather than consolidation.

In March 2025, Gujarat Narmada Valley Fertilizers & Chemicals Ltd awarded a contract to thyssenkrupp Udhe India for a new nitric acid plant, boosting company capacity by 57% and enhancing domestic production in India

Key Players:

Nutrien, Yara, BASF

Latest News

Nitric acid prices have shown region-specific fluctuations, with the USA at USD 286/MT (March 2025) and India at USD 277/MT, while Germany is much higher due to stricter regulations and energy costs.

Environmental regulations on NOx emissions continue to influence industry trends, pushing companies to invest in cleaner production and abatement technologies. Stamicarbon, for instance, signed a contract for a tertiary abatement unit at a Mexico nitric acid plant to reduce N2O emissions.

Asia-Pacific, led by China and India, accounts for a dominant share in global nitric acid consumption due to robust agriculture and industrial demand.

Growth Forecast Projected:

The Global Nitric Acid Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Nitric Acid Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Application: (Fertilizers, Nitrobenzene, Adipic Acid, Toluene Di-Isocyanate, Others)

By End- User: (Agrochemicals, Explosives, Mining, Chemical, Others)

By Concentration: (Dilute Nitric Acid (68%), Concentrated Nitric Acid (69%-71%)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Nitric Acid producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Nitric Acid revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: How fast is the Nitric Acid Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 2.9% from 2025 to 2032

Q2: Which regions are dominating the Nitric Acid Market and which are fastest-growing?

A: North America dominating the Nitric Acid market.

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