Nitric Acid Market to Reach USD 20.5 Billion by 2034 Driven by...

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2026-06-27 13:15:09 -

Nitric Acid Market to Reach USD 20.5 Billion by 2034 Driven by Fertilizer Production and Industrial Demand

Global nitric acid market was valued at USD 13.2 billion in 2025 and is projected to reach USD 20.5 billion by 2034, exhibiting a remarkable CAGR of 5.3% during the forecast period. Nitric acid (HNO₃) is a highly corrosive mineral acid employed primarily in fertilizer production, explosives manufacturing, metal processing, and a wide range of specialty chemical syntheses. Its strong oxidising...

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