硝酸の世界市場：タイプ別、用途別、エンドユーザー産業別、地域別、機会、予測、2018年～2032年

世界の硝酸市場は、2025年から2032年の予測期間中にCAGR 3.45%を記録し、2024年の282億1,000万米ドルから2032年には370億米ドルに成長すると予測されています。また、硝酸アンモニウム爆薬に依存する鉱業の拡大も需要を増大させています。さらに、化学製造部門におけるアジピン酸やニトロベンゼンのような中間体の需要が、硝酸の市場需要をさらに押し上げています。

例えば、2024年の世界の窒素ベース肥料の消費量は1億1,160万トンで、成長率は2.0％です。アジア太平洋地域は窒素ベース肥料の消費量の50％以上を占め、南米と北米がそれに続きます。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 米国の関税の影響

第4章 エグゼクティブサマリー

第5章 顧客の声

• 購入決定時に考慮される要素
  • 品質と集中力
  • 価格と費用対効果
  • サプライチェーンの信頼性
  • 環境と安全に関する懸念
  • アフターサポート

第6章 世界の硝酸市場の見通し、2018年～2032年

• 市場規模分析と予測
  • 金額別
  • 数量別
• 市場シェア分析と予測
  • タイプ別
    • 濃硝酸
    • 希硝酸
  • 用途別
    • 硝酸アンモニウム
    • アジピン酸
    • トルエンジイソシアネート
    • ニトロベンゼン
    • その他
  • エンドユーザー産業別
    • 肥料
    • 化学製造
    • 爆発物
    • 鉱業
    • 半導体
    • その他
  • 地域別
    • 北米
    • 欧州
    • アジア太平洋
    • 南米
    • 中東・アフリカ
  • 企業別の市場シェア分析（上位5社・その他 - 金額別、2024年）
• 2024年の市場マップ分析
  • タイプ別
  • 用途別
  • エンドユーザー産業別
  • 地域別

第7章 北米の硝酸市場の見通し、2018年～2032年

• 市場規模分析と予測
  • 金額別
  • 数量別
• 市場シェア分析と予測
  • タイプ別
    • 濃硝酸
    • 希硝酸
  • 用途別
    • 硝酸アンモニウム
    • アジピン酸
    • トルエンジイソシアネート
    • ニトロベンゼン
    • その他
  • エンドユーザー産業別
    • 肥料
    • 化学製造
    • 爆発物
    • 鉱業
    • 半導体
    • その他
  • 国別シェア
    • 米国
    • カナダ
    • メキシコ
• 国別市場評価
  • 米国の硝酸市場の見通し、2018年～2032年
    • 市場規模分析と予測
    • 市場シェア分析と予測
  • カナダ
  • メキシコ

第8章 欧州の硝酸市場の見通し、2018年～2032年

• ドイツ
• フランス
• イタリア
• 英国
• ロシア
• オランダ
• スペイン
• トルコ
• ポーランド

第9章 アジア太平洋の硝酸市場の見通し、2018年～2032年

• インド
• 中国
• 日本
• オーストラリア
• ベトナム
• 韓国
• インドネシア
• フィリピン

第10章 南米の硝酸市場の見通し、2018年～2032年

• ブラジル
• アルゼンチン

第11章 中東・アフリカの硝酸市場の見通し、2018年～2032年

• サウジアラビア
• アラブ首長国連邦
• 南アフリカ

第12章 需要供給分析

第13章 輸入と輸出の分析

第14章 バリューチェーン分析

第15章 ポーターのファイブフォース分析

第16章 PESTLE分析

第17章 価格分析

第18章 市場力学

• 市場促進要因
• 市場の課題

第19章 市場動向と発展

第20章 ケーススタディ

第21章 競合情勢

• 市場リーダー上位5社の競合マトリックス
• 上位5社のSWOT分析
• 上位10社の主要企業の情勢
  • BASF SE
  • Deepak Fertilisers and Petrochemicals Corporation Ltd.
  • Gujarat Narmada Valley Fertilizers &Chemicals Limited
  • Grupa Azoty SA
  • Yara International ASA
  • Nutrien Ltd
  • OCI Nitrogen BV
  • CF Industries Holdings, Inc.
  • LSB Industries, Inc.
  • Sinopec Nanjing Chemical Industries Co. Ltd.

第22章 戦略的提言

第23章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. Global Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 2. Global Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 3. Global Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 4. Global Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 5. Global Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 6. Global Nitric Acid Market Share (%), By Region, 2018-2032F
• Figure 7. North America Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 8. North America Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 9. North America Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 10. North America Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 11. North America Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 12. North America Nitric Acid Market Share (%), By Country, 2018-2032F
• Figure 13. United States Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 14. United States Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 15. United States Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 16. United States Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 17. United States Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 18. Canada Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 19. Canada Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 20. Canada Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 21. Canada Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 22. Canada Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 23. Mexico Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 24. Mexico Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 25. Mexico Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 26. Mexico Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 27. Mexico Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 28. Europe Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 29. Europe Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 30. Europe Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 31. Europe Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 32. Europe Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 33. Europe Nitric Acid Market Share (%), By Country, 2018-2032F
• Figure 34. Germany Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 35. Germany Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 36. Germany Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 37. Germany Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 38. Germany Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 39. France Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 40. France Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 41. France Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 42. France Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 43. France Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 44. Italy Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 45. Italy Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 46. Italy Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 47. Italy Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 48. Italy Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 49. United Kingdom Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 50. United Kingdom Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 51. United Kingdom Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 52. United Kingdom Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 53. United Kingdom Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 54. Russia Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 55. Russia Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 56. Russia Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 57. Russia Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 58. Russia Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 59. Netherlands Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 60. Netherlands Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 61. Netherlands Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 62. Netherlands Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 63. Netherlands Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 64. Spain Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 65. Spain Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 66. Spain Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 67. Spain Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 68. Spain Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 69. Turkey Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 70. Turkey Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 71. Turkey Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 72. Turkey Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 73. Turkey Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 74. Poland Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 75. Poland Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 76. Poland Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 77. Poland Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 78. Poland Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 79. South America Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 80. South America Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 81. South America Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 82. South America Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 83. South America Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 84. South America Nitric Acid Market Share (%), By Country, 2018-2032F
• Figure 85. Brazil Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 86. Brazil Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 87. Brazil Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 88. Brazil Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 89. Brazil Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 90. Argentina Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 91. Argentina Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 92. Argentina Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 93. Argentina Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 94. Argentina Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 95. Asia-Pacific Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 96. Asia-Pacific Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 97. Asia-Pacific Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 98. Asia-Pacific Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 99. Asia-Pacific Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 100. Asia-Pacific Nitric Acid Market Share (%), By Country, 2018-2032F
• Figure 101. India Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 102. India Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 103. India Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 104. India Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 105. India Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 106. China Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 107. China Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 108. China Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 109. China Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 110. China Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 111. Japan Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 112. Japan Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 113. Japan Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 114. Japan Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 115. Japan Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 116. Australia Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 117. Australia Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 118. Australia Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 119. Australia Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 120. Australia Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 121. Vietnam Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 122. Vietnam Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 123. Vietnam Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 124. Vietnam Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 125. Vietnam Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 126. South Korea Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 127. South Korea Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 128. South Korea Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 129. South Korea Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 130. South Korea Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 131. Indonesia Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 132. Indonesia Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 133. Indonesia Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 134. Indonesia Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 135. Indonesia Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 136. Philippines Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 137. Philippines Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 138. Philippines Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 139. Philippines Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 140. Philippines Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 141. Middle East & Africa Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 142. Middle East & Africa Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 143. Middle East & Africa Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 144. Middle East & Africa Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 145. Middle East & Africa Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 146. Middle East & Africa Nitric Acid Market Share (%), By Country, 2018-2032F
• Figure 147. Saudi Arabia Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 148. Saudi Arabia Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 149. Saudi Arabia Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 150. Saudi Arabia Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 151. Saudi Arabia Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 152. UAE Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 153. UAE Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 154. UAE Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 155. UAE Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 156. UAE Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 157. South Africa Nitric Acid Market, By Value, in USD Billion, 2018-2032F
• Figure 158. South Africa Nitric Acid Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 159. South Africa Nitric Acid Market Share (%), By Type, 2018-2032F
• Figure 160. South Africa Nitric Acid Market Share (%), By Application, 2018-2032F
• Figure 161. South Africa Nitric Acid Market Share (%), By End-user Industry, 2018-2032F
• Figure 162. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 163. By Application Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 164. By End-user Industry Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024

Global nitric acid market is projected to witness a CAGR of 3.45% during the forecast period 2025-2032, growing from USD 28.21 billion in 2024 to USD 37 billion in 2032, due to increasing demand for fertilizers, particularly in agriculture as it is a crucial component in nitrogen-based fertilizers. Also, expansion in the mining industry, which relies on ammonium nitrate explosives, is increasing the demand. Furthermore, the demand for intermediates like adipic acid and nitrobenzene in the chemical manufacturing sector further boost the market demand of nitric acid.

For instance, in 2024, global consumption of Nitrogen based fertilizer is stood at 111.6 million tons with the growth rate of 2.0%. Asia-Pacific region holds more than 50% for the consumption of nitrogen-based fertilizer consumption followed by South America and North America.

Increasing Demand for Nitrogen Based Fertilizers

Increasing demand for nitrogenous fertilizers is one of the most significant drivers of the nitric acid market. Nitric acid is used as an essential raw material for the manufacturing of fertilizers, such as, ammonium nitrate, which has widespread applications in agriculture for enhancing crop yield. The capacity of nitric acid to dissolve phosphate components and produce nitrogenous anions, which is a vital component in the manufacturing of fertilizers, provides a competitive advantage over other acids, e.g., sulfuric acid. Nitric acid is also used in the manufacturing of complex fertilizers like Nitrophoska, a compound of nitrogen-phosphorus, and thus a convenient and versatile reagent in the manufacturing of fertilizers. The need for effective and efficient fertilizers in order to meet global food demand continues to propel the utilization of nitric acid in agricultural products.

For instance, in December 2024, Grupa Azoty Pulawy Group completed the commissioning of its fifth nitric acid installation line with the project value of USD 78 million. It will produce 1,000 tons per day 100% nitric acid, with the fourth line contributing to 1,300 tons per day. The project aims is to improve nitric acid production efficiency, reduce environmental emissions and increase the economic feasibility of nitric acid-based fertilizers.

Rising Demand from Civil and Military Explosives Driving the Market Growth for Nitric Acid

The growing demand for nitric acid is driven by its vital application in the production of explosives, both military and civilian. In the military sector, nitric acid is mainly used in the production of high explosives like trinitrotoluene (TNT) and royal demolition explosive (RDX), which are of vital application in military operations. Nitric acid is used as a major ingredient in the production of ammonium nitrate, which is a major ingredient in the production of Ammonium Nitrate Fuel Oil (ANFO), which is used extensively in civil explosives used in quarrying and mining. In the Middle east region, the demand of oiling and drilling operations are extremely high, which increases the demand of ANFO, which in turn increases the demand of nitric acid in this region. The use of nitric acid in the production of a very broad range of explosives drives its demand. In conclusion, the strategic importance of nitric acid in production of explosives reflects its vital application in the sustenance of both civilian and military economies.

For instance, in January 2024, Saudi Chemical Co. has partnered with Dyno Nobel Limited to establish the production facility of ammonium nitrate and nitric acid in Ras Al Khair. This partnership will further enhance the manufacturing of civil and military explosives for the defense and mining industries in Saudi Arabia.

Rising Demand from the Semiconductor Industry

Growing demand for nitric acid in the semiconductor industry is due to its pivotal role in cleaning and etching processes. High-purity nitric acid is utilized in these processes because it ensures the removal of impurities and surface preparation of semiconductors for subsequent processing. While cleaning semiconductors, high-purity nitric acid is utilized to desorb organic solvents such as acetone or isopropyl alcohol. It is also used as a chemical bath in semiconducting processing to etch silicon wafers, improving flatness and smoothness of the surface as well as oxide striping. This acid is critical to attaining the precision and cleanliness necessary in contemporary semiconductor devices. Growing production of semiconductors, fueled by innovation in electronics and growing demand for consumer electronics, IoT products, and renewable energy technologies such as solar panels, also increases the demand for semiconductor-grade nitric acid. Its application in the production of LCD panels and other electronic products is a testament to its significance in the electronics industry.

For instance, in November 2024, Ube Corporation announced to increase its production capacity of high-purity nitric acid at the ube chemical factory. The expansion will increase production capacity by 30% from the current level. Company will continue to increase its capacity in response with the growing demand for high purity chemicals for semiconductor industry.

Dilute Nitric Acid Dominates the Market

The dilute, or weak nitric acid, typically in concentration ranging 30% to 70%, is experiencing robust expansion since it is used in a broad variety of applications across numerous industries. One of the major applications of dilute nitric acid is used in the manufacturing of ammonium nitrate and nitrogen-based fertilizers. Also, it is less corrosive and handle as compared to concentrated nitric acid, it is widely used in the industrial applications. It is used in industrial equipment in the food and dairy industries to remove the mineral deposits. Furthermore, dilute nitric acid is used in the synthesis of various other chemical compounds.

For instance, in March 2025, Gujarat Narmada Valley Fertilizers and Chemicals Limited has awarded the contract to thyssenkrupp Udhe India Private Ltd for the supply of 2,00,000 tons per annum of weak nitric acid plant on local emergency planning committee (LEPC ) basis.

Asia-Pacific Dominates the Global Market

Demand of nitric acid is rising rapidly in the Asia-Pacific region due to robust demand of fertilizers as well industrial expansion and the increasing demand of explosives in countries such as China, India, Japan and South Korea. With the increasing production of maize, cotton, wheat and potatoes, the demand for nitric acid-based fertilizer is increasing. Furthermore, the widespread usage of fertilizers in the country like Thailand, Indonesia, Philippines further aid the nitric acid market growth.

For instance, India agricultural sector has grown at a robust growth of 3.5% in second quarter of FY2025. The government has further boosted the agricultural sector with an investment of USD 14.13 billion (INR 1,20,733 Crore). With the increasing demand in the agricultural sector the nitric acid demand will subsequently increase due to its application. In another instance, Deepak Fertilisers and Petrochemicals Corporation Ltd. is building a weak nitric acid plant based on the dual pressure process in Dahej, Gujarat with the capacity of 900 metric tons per day. The plant is expected to be commissioned in 2025.

Future Market Scenario (2025 - 2032F)

The growing global demand for fertilizers, fueled by an emerging population and the necessity of increased agricultural output, remains a major growth driver for nitric acid. Nitric acid is used almost in the manufacture of many nitrogenous fertilizers.

In addition, ammonium nitrate explosives are increasingly being used in mining and construction activities, thus driving the demand for nitric acid. Huge infrastructure projects demand massive quantities of explosives.

Furthermore, the movement of the industry towards cleaner technology and NOx reduction equipment to minimize emissions is propelling investment and innovation in nitric acid production. Sustainability focus is projected to continue to influence market forces.

Moreover, persistent industrialization and economic development in the region such as Asia-Pacific and South America are opening up new opportunities for the use of nitric acid in agriculture, manufacturing, and other industries.

Key Players Landscape and Outlook

The major companies in the global nitric acid market are adopting strategies such as expansion in product lines, mergers and acquisitions, expansion in geography, and alliances to enhance market penetration. The companies are undertaking capacity expansion and are conducting research and development activities. The industry is evolving, and companies are producing various nitric acid products and positioning themselves as reliable suppliers to meet growing demand in the market. Demand from the agrochemicals, explosives, automotive, and electronics sectors has a pivotal effect on the market, and the Asia-Pacific region is likely to be the dominant region. This is due to the fact that local manufacturers exist and there is greater usage in agriculture and other industries. The industry is also affected by fluctuations in the prices of natural gas and ammonia that can affect the pricing strategy of nitric acid manufacturers.

For instance, in November 2024, Stamicarbon, the nitrogen technology licensor of NEXTCHEM, has signed a contract to provide a license and process design package for a tertiary abatement unit at Soluciones Quimicas' nitric acid plant in Mexico. The tertiary abatement technology, part of NX STAMI Nitrates portfolio, will remove nitrous oxide (N2O) from the tail gas stream, meeting current emission regulations. This technology contributes to global efforts to mitigate climate change by reducing the carbon footprint of nitric acid production.

In another instance, in August 2023, Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) announced its plans to expand their nitric acid capacity at Dahej, Gujarat, at a cost of USD 228 million (INR 1,950 crore) . The expansion will involve the establishment of a weak nitric acid plant with a 300 kilo tons per annum capacity and two concentrated nitric acid plants with a total capacity of 150 kilo tons per annum. Production is expected to commence in the second half of 2025-2026.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of the U.S. Tariffs

4. Executive Summary

5. Voice of Customers

• 5.1. Factors Considered in Purchase Decisions
  • 5.1.1. Quality and Concentration
  • 5.1.2. Price and Cost-effectiveness
  • 5.1.3. Supply Chain Reliability
  • 5.1.4. Environmental and Safety Concerns
  • 5.1.5. After sale support

6. Global Nitric Acid Market Outlook, 2018-2032F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Type
    • 6.2.1.1. Concentrated Nitric Acid
    • 6.2.1.2. Dilute Nitric Acid
  • 6.2.2. By Application
    • 6.2.2.1. Ammonium Nitrate
    • 6.2.2.2. Adipic Acid
    • 6.2.2.3. Toluene Di-Isocyanate
    • 6.2.2.4. Nitrobenzene
    • 6.2.2.5. Others
  • 6.2.3. By End-user Industry
    • 6.2.3.1. Fertilizers
    • 6.2.3.2. Chemical Manufacturing
    • 6.2.3.3. Explosives
    • 6.2.3.4. Mining
    • 6.2.3.5. Semiconductor
    • 6.2.3.6. Others
  • 6.2.4. By Region
    • 6.2.4.1. North America
    • 6.2.4.2. Europe
    • 6.2.4.3. Asia-Pacific
    • 6.2.4.4. South America
    • 6.2.4.5. Middle East and Africa
  • 6.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 6.3. Market Map Analysis, 2024
  • 6.3.1. By Type
  • 6.3.2. By Application
  • 6.3.3. By End-user Industry
  • 6.3.4. By Region

7. North America Nitric Acid Market Outlook, 2018-2032F*

• 7.1. Market Size Analysis & Forecast
  • 7.1.1. By Value
  • 7.1.2. By Volume
• 7.2. Market Share Analysis & Forecast
  • 7.2.1. By Type
    • 7.2.1.1. Concentrated Nitric Acid
    • 7.2.1.2. Dilute Nitric Acid
  • 7.2.2. By Application
    • 7.2.2.1. Ammonium Nitrate
    • 7.2.2.2. Adipic Acid
    • 7.2.2.3. Toluene Di-Isocyanate
    • 7.2.2.4. Nitrobenzene
    • 7.2.2.5. Others
  • 7.2.3. By End-user Industry
    • 7.2.3.1. Fertilizers
    • 7.2.3.2. Chemical Manufacturing
    • 7.2.3.3. Explosives
    • 7.2.3.4. Mining
    • 7.2.3.5. Semiconductor
    • 7.2.3.6. Others
  • 7.2.4. By Country Share
    • 7.2.4.1. United States
    • 7.2.4.2. Canada
    • 7.2.4.3. Mexico
• 7.3. Country Market Assessment
  • 7.3.1. United States Nitric Acid Market Outlook, 2018-2032F*
    • 7.3.1.1. Market Size Analysis & Forecast
      • 7.3.1.1.1. By Value
      • 7.3.1.1.2. By Volume
    • 7.3.1.2. Market Share Analysis & Forecast
      • 7.3.1.2.1. By Type
        • 7.3.1.2.1.1. Concentrated Nitric Acid
        • 7.3.1.2.1.2. Dilute Nitric Acid
      • 7.3.1.2.2. By Application
        • 7.3.1.2.2.1. Ammonium Nitrate
        • 7.3.1.2.2.2. Adipic Acid
        • 7.3.1.2.2.3. Toluene Di-Isocyanate
        • 7.3.1.2.2.4. Nitrobenzene
        • 7.3.1.2.2.5. Others
      • 7.3.1.2.3. By End-user Industry
        • 7.3.1.2.3.1. Fertilizers
        • 7.3.1.2.3.2. Chemical Manufacturing
        • 7.3.1.2.3.3. Explosives
        • 7.3.1.2.3.4. Mining
        • 7.3.1.2.3.5. Semiconductor
        • 7.3.1.2.3.6. Others
  • 7.3.2. Canada
  • 7.3.3. Mexico

All segments will be provided for all regions and countries covered

8. Europe Nitric Acid Market Outlook, 2018-2032F

• 8.1. Germany
• 8.2. France
• 8.3. Italy
• 8.4. United Kingdom
• 8.5. Russia
• 8.6. Netherlands
• 8.7. Spain
• 8.8. Turkey
• 8.9. Poland

9. Asia-Pacific Nitric Acid Market Outlook, 2018-2032F

• 9.1. India
• 9.2. China
• 9.3. Japan
• 9.4. Australia
• 9.5. Vietnam
• 9.6. South Korea
• 9.7. Indonesia
• 9.8. Philippines

10. South America Nitric Acid Market Outlook, 2018-2032F

• 10.1. Brazil
• 10.2. Argentina

11. Middle East and Africa Nitric Acid Market Outlook, 2018-2032F

• 11.1. Saudi Arabia
• 11.2. UAE
• 11.3. South Africa

12. Demand Supply Analysis

13. Import and Export Analysis

14. Value Chain Analysis

15. Porter's Five Forces Analysis

16. PESTLE Analysis

17. Pricing Analysis

18. Market Dynamics

• 18.1. Market Drivers
• 18.2. Market Challenges

19. Market Trends and Developments

20. Case Studies

21. Competitive Landscape

• 21.1. Competition Matrix of Top 5 Market Leaders
• 21.2. SWOT Analysis for Top 5 Players
• 21.3. Key Players Landscape for Top 10 Market Players
  • 21.3.1. BASF SE
    • 21.3.1.1. Company Details
    • 21.3.1.2. Key Management Personnel
    • 21.3.1.3. Products and Services
    • 21.3.1.4. Financials (As Reported)
    • 21.3.1.5. Key Market Focus and Geographical Presence
    • 21.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 21.3.2. Deepak Fertilisers and Petrochemicals Corporation Ltd.
  • 21.3.3. Gujarat Narmada Valley Fertilizers & Chemicals Limited
  • 21.3.4. Grupa Azoty S.A.
  • 21.3.5. Yara International ASA
  • 21.3.6. Nutrien Ltd
  • 21.3.7. OCI Nitrogen B.V.
  • 21.3.8. CF Industries Holdings, Inc.
  • 21.3.9. LSB Industries, Inc.
  • 21.3.10. Sinopec Nanjing Chemical Industries Co. Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

22. Strategic Recommendations

23. About Us and Disclaimer