Concentrated Nitric Acid Market Size & Share, by Type (Strong, Fuming); Application (Ammonium Nitrate, Adipic Acid, Nitrobenzene, Toluene Diisocyanate), End-user (Agrochemicals, Explosives, Automotives, Electronics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4913
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Concentrated Nitric Acid Market size is poised to reach USD 53 Billion by the end of 2035, growing at a CAGR of 6.10% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of concentrated nitric acid was over USD 26 Billion. The reason behind the growth is impelled by the rising demand for concentrated nitric acid from the agrochemicals industry.

Nitric Acid 65% is employed as fertilizer in farming which is also used as a water treatment chemical to decrease the pH and helps to promote healthy plant growth and fuller yields. According to the U.S. Environmental Protection Agency (EPA), the production of ammonium nitrate, NH4N3 is 70 % nitric acid which has a large role to play in fertilizers.

The growing demand in household cleaning products are believed to fuel the market growth. Concentrated nitric acid is used in the cleaning procedure for the home as it is present in the dishwashing liquids.

Concentrated Nitric Acid Market
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Concentrated Nitric Acid Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Production of Chemicals – Increasing demand for concentrated nitric acid from the chemicals industry is expected to boost the market growth. Moreover, concentrated nitric acid is used as raw material for the synthesis and development of several chemicals. In 2023, it is anticipated that global chemical production (excluding medicines) will increase by more than 1%.
  •  Rising Sales of Automobiles - Concentrated nitric acid is used for synthetic rubbers and an increase in consumption of synthetic rubbers in automobiles is estimated to boost the market growth. Besides this, it is also used in manufacturing several automotive parts, leading to higher demand. For instance, global auto sales reached over 66 million units sold in 2021.


  • Stringent Government Regulations - Strict government regulations are one of the major growth-hindering factors. According to the United States Government's Office of Publications, under Title 49 CFR 173.158, nitric acid of more than 40 % of concentration cannot be carried with any other material and should not contain impurities such as hydrochloric chloride or sulphuric acid SOH during transport by road or rail.
  • Environmental Concerns
  • Harmful Effects of Nitric Acid

Concentrated Nitric Acid Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 26 Billion

Forecast Year Market Size (2035)

~ USD 53 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Concentrated Nitric Acid Segmentation

Application (Adipic Acid, Nitrobenzene, Toluene Diisocyanate, Ammonium Nitrate)

The ammonia nitrate segment in the concentrated nitric acid market is estimated to gain a robust revenue share of 38% in the coming years owing to the growing usage of ammonia nitrate to make explosives. Ammonium nitrate is used in the manufacture of explosives, which require a large amount of nitric corrosives to be extracted as an antecedent and has legitimate implications for interest in nitric corrosives. This as a result would significantly increase the demand for concentrated nitric acid since it is used in the production of ammonium nitrate.

End-User (Agrochemicals, Explosives, Automobiles, Electronics)

The agrochemicals segment is set to garner a notable share shortly. Increasing awareness of fertilizers used in agricultural practices has led to increased consumption of nitric acid in agriculture, which subsequently leads to higher yields. Nitrogen fertilizers calcium and urea ammonium nitrate are used to produce more yield whereas nitrobenzene is used for crop production of pesticides. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments:


  • Strong
  •  Fuming


  • Ammonium Nitrate
  • Adipic Acid
  •  Nitrobenzene
  • Toluene Diisocyanate


  • Agrochemicals
  •  Explosives
  • Automobiles
  •  Electronics

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Concentrated Nitric Acid Industry- Regional Synopsis

APAC Market Forecast

Concentrated nitric acid market in Asia Pacific is predicted to account for the largest share of 38% by 2035 impelled by the growing construction sector. This has led to an increase in demand for concentrated nitric acid in the region since it is crucial for the construction industries, as a crucial ingredient in the production of explosives which are widely employed in the construction sector for the creation of new roads, the excavation of land for building foundations or basement spaces, and demolition operations. By 2025, it is anticipated that India's construction market will be worth more than USD 1 trillion.

North American Market Statistics

North America concentrated nitric acid market is estimated to hold the second largest share of 28% during the forecast timeframe led by increased demand for ammonia nitrate and fuel oil ANFO, which acts as an oxidizer and fuel absorbent during the production of explosives. According to the US Geographical Survey, in the North America, United States, approximately 80% of explosives are mixed with ANFO.

Research Nester
Concentrated Nitric Acid Market Size
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Companies Dominating the Concentrated Nitric Acid Landscape

    • 3M
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Yara
    • Nutrien Ltd.
    • BASF SE
    • Dow Inc.
    • DuPont
    • Sika AG
    • C.F. Fertilisers U.K.
    • Innospec
    • Dorf Ketal Chemicals (I) Pvt. Ltd.
    • PMC Specialties Group
    • Clariant
    • Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL)


In The News

  • Plinke GmbH, a subsidiary of KBR, Inc. has been awarded a contract to build a Concentrated Nitric Acid plant (CNA) at Bharuch, Gujarat by Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC). For the Indian market, this plant will produce a concentrated nitric acid of 98.5%.
  • Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL) announced the commercial launch of a new nitric acid production complex in Dahej, Gujarat that has an annual capacity to produce 92 kiloton of concentrated nitric acid thus expanding its own nitric acid business.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4913
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand for concentrated nitric acid from agrochemicals industry and the growing demand in household cleaning products are the major factors driving the growth of the market.

The market size of Concentrated Nitric Acid is anticipated to attain a CAGR of 6.10% over the forecast period, i.e., 2023-2035.

The major players in the market are Yara, Nutrien Ltd., BASF SE, Dow Inc., DuPont, Sika AG, C.F. Fertilisers U.K., Innospec, Dorf Ketal Chemicals (I) Pvt. Ltd., PMC Specialties Group.

The ammonia nitrate segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Concentrated Nitric Acid Market Report Scope

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