Nitric Acid Market Report – Research, Industry Analysis Reports and Market Demands

Global Nitric Acid Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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Table of Content

1 Market Overview

1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
- 1.3.1 Overview: Global Nitric Acid Consumption Value by Type: 2020 Versus 2024 Versus 2031
- 1.3.2 Dilute Nitric Acid
- 1.3.3 Concentrated Nitric Acid
1.4 Market Analysis by Application
- 1.4.1 Overview: Global Nitric Acid Consumption Value by Application: 2020 Versus 2024 Versus 2031
- 1.4.2 Fertilizer
- 1.4.3 Explosives
- 1.4.4 Polyurethanes
- 1.4.5 Polyamides
- 1.4.6 Others
1.5 Global Nitric Acid Market Size & Forecast
- 1.5.1 Global Nitric Acid Consumption Value (2020 & 2024 & 2031)
- 1.5.2 Global Nitric Acid Sales Quantity (2020-2031)
- 1.5.3 Global Nitric Acid Average Price (2020-2031)

2 Manufacturers Profiles

3 Competitive Environment: Nitric Acid by Manufacturer

3.1 Global Nitric Acid Sales Quantity by Manufacturer (2020-2025)
3.2 Global Nitric Acid Revenue by Manufacturer (2020-2025)
3.3 Global Nitric Acid Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
- 3.4.1 Producer Shipments of Nitric Acid by Manufacturer Revenue ($MM) and Market Share (%): 2024
- 3.4.2 Top 3 Nitric Acid Manufacturer Market Share in 2024
- 3.4.3 Top 6 Nitric Acid Manufacturer Market Share in 2024
3.5 Nitric Acid Market: Overall Company Footprint Analysis
- 3.5.1 Nitric Acid Market: Region Footprint
- 3.5.2 Nitric Acid Market: Company Product Type Footprint
- 3.5.3 Nitric Acid Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

4.1 Global Nitric Acid Market Size by Region
- 4.1.1 Global Nitric Acid Sales Quantity by Region (2020-2031)
- 4.1.2 Global Nitric Acid Consumption Value by Region (2020-2031)
- 4.1.3 Global Nitric Acid Average Price by Region (2020-2031)
4.2 North America Nitric Acid Consumption Value (2020-2031)
4.3 Europe Nitric Acid Consumption Value (2020-2031)
4.4 Asia-Pacific Nitric Acid Consumption Value (2020-2031)
4.5 South America Nitric Acid Consumption Value (2020-2031)
4.6 Middle East & Africa Nitric Acid Consumption Value (2020-2031)

5 Market Segment by Type

5.1 Global Nitric Acid Sales Quantity by Type (2020-2031)
5.2 Global Nitric Acid Consumption Value by Type (2020-2031)
5.3 Global Nitric Acid Average Price by Type (2020-2031)

6 Market Segment by Application

6.1 Global Nitric Acid Sales Quantity by Application (2020-2031)
6.2 Global Nitric Acid Consumption Value by Application (2020-2031)
6.3 Global Nitric Acid Average Price by Application (2020-2031)

7 North America

7.1 North America Nitric Acid Sales Quantity by Type (2020-2031)
7.2 North America Nitric Acid Sales Quantity by Application (2020-2031)
7.3 North America Nitric Acid Market Size by Country
- 7.3.1 North America Nitric Acid Sales Quantity by Country (2020-2031)
- 7.3.2 North America Nitric Acid Consumption Value by Country (2020-2031)
- 7.3.3 United States Market Size and Forecast (2020-2031)
- 7.3.4 Canada Market Size and Forecast (2020-2031)
- 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

8.1 Europe Nitric Acid Sales Quantity by Type (2020-2031)
8.2 Europe Nitric Acid Sales Quantity by Application (2020-2031)
8.3 Europe Nitric Acid Market Size by Country
- 8.3.1 Europe Nitric Acid Sales Quantity by Country (2020-2031)
- 8.3.2 Europe Nitric Acid Consumption Value by Country (2020-2031)
- 8.3.3 Germany Market Size and Forecast (2020-2031)
- 8.3.4 France Market Size and Forecast (2020-2031)
- 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
- 8.3.6 Russia Market Size and Forecast (2020-2031)
- 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

9.1 Asia-Pacific Nitric Acid Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Nitric Acid Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Nitric Acid Market Size by Region
- 9.3.1 Asia-Pacific Nitric Acid Sales Quantity by Region (2020-2031)
- 9.3.2 Asia-Pacific Nitric Acid Consumption Value by Region (2020-2031)
- 9.3.3 China Market Size and Forecast (2020-2031)
- 9.3.4 Japan Market Size and Forecast (2020-2031)
- 9.3.5 South Korea Market Size and Forecast (2020-2031)
- 9.3.6 India Market Size and Forecast (2020-2031)
- 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
- 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

10.1 South America Nitric Acid Sales Quantity by Type (2020-2031)
10.2 South America Nitric Acid Sales Quantity by Application (2020-2031)
10.3 South America Nitric Acid Market Size by Country
- 10.3.1 South America Nitric Acid Sales Quantity by Country (2020-2031)
- 10.3.2 South America Nitric Acid Consumption Value by Country (2020-2031)
- 10.3.3 Brazil Market Size and Forecast (2020-2031)
- 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

11.1 Middle East & Africa Nitric Acid Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Nitric Acid Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Nitric Acid Market Size by Country
- 11.3.1 Middle East & Africa Nitric Acid Sales Quantity by Country (2020-2031)
- 11.3.2 Middle East & Africa Nitric Acid Consumption Value by Country (2020-2031)
- 11.3.3 Turkey Market Size and Forecast (2020-2031)
- 11.3.4 Egypt Market Size and Forecast (2020-2031)
- 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
- 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

12.1 Nitric Acid Market Drivers
12.2 Nitric Acid Market Restraints
12.3 Nitric Acid Trends Analysis
12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

13.1 Raw Material of Nitric Acid and Key Manufacturers
13.2 Manufacturing Costs Percentage of Nitric Acid
13.3 Nitric Acid Production Process
13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
14.2 Nitric Acid Typical Distributors
14.3 Nitric Acid Typical Customers

15 Research Findings and Conclusion

16 Appendix

16.1 Methodology
16.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global Nitric Acid market size was valued at US$ 14220 million in 2024 and is forecast to a readjusted size of USD 17590 million by 2031 with a CAGR of 3.1% during review period.
Nitric acid is poisonous liquid that gives off choking red or yellow fumes in moist air. It is a strong oxidizing agent. It ionizes readily in solution, forming a good conductor of electricity. It is miscible with water in all proportions. Nitric acid is a clear to slightly yellow aqueous solution that has been treated to remove most free nitrogen oxides. This highly corrosive intermediate chemical is a strong mineral acid used in the production of nitrate based fertilizers, nylon precursors and other specialty chemicals. In this report we converting the different concentration of nitric acid into 100, namely in this report we counting the nitric acid(100%)’s capacity, production price and other items.
Europe is the largest Nitric Acid market with about 36% market share. North America is follower, accounting for about 34% market share.
The key players are CF Industries Holdings, Yara, EuroChem, URALCHEM, Orica, Nutrien, Acron, SBU Azot, OCI, LSB Industries, Dyno Nobel, CVR Partners, Nutrien, Koch, Shanxi Tianji, Shanxi Xinghua, Yunnan Jiehua, Sinopec (Nanjing), Sichuan Gold Elephant, Anhui JinHe Industrial, Holitech, Henan Jinkai, Shandong Dier-chem, Liuzhou Chemical, Jiangsu Huachang Chemical, Hongda Chemical, Luguang Chemical, Hualong Ammonium Nitrate, Sichuan Chemical, Fujian Shaohua etc. Top 3 companies occupied about 50% market share.
This report is a detailed and comprehensive analysis for global Nitric Acid market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Nitric Acid market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Nitric Acid market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Nitric Acid market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Nitric Acid market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Nitric Acid
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Nitric Acid market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include CF Industries Holdings, Yara, EuroChem, URALCHEM, Orica, Nutrien, Acron, SBU Azot, OCI, LSB Industries, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Nitric Acid market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Dilute Nitric Acid
Concentrated Nitric Acid
Market segment by Application
Fertilizer
Explosives
Polyurethanes
Polyamides
Others
Major players covered
CF Industries Holdings
Yara
EuroChem
URALCHEM
Orica
Nutrien
Acron
SBU Azot
OCI
LSB Industries
Dyno Nobel
CVR Partners
Nutrien
Koch
Shanxi Tianji
Shanxi Xinghua
Yunnan Jiehua
Sinopec (Nanjing)
Sichuan Gold Elephant
Anhui JinHe Industrial
Holitech
Henan Jinkai
Shandong Dier-chem
Liuzhou Chemical
Jiangsu Huachang Chemical
Hongda Chemical
Luguang Chemical
Hualong Ammonium Nitrate
Sichuan Chemical
Fujian Shaohua
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Nitric Acid product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Nitric Acid, with price, sales quantity, revenue, and global market share of Nitric Acid from 2020 to 2025.
Chapter 3, the Nitric Acid competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Nitric Acid breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Nitric Acid market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Nitric Acid.
Chapter 14 and 15, to describe Nitric Acid sales channel, distributors, customers, research findings and conclusion.

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