Nitric Acid Market
Nitric Acid Market - Global Industry Assessment & Forecast
Segments Covered
- By Application Fertilizers, Nitrobenzene, Adipic acid, Toluene diisocyanate (TDI), Nitrochlorobenzene, Other Applications
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 28.56 Billion |
Revenue 2030: | USD 33.46 Billion |
Revenue CAGR (2023 - 2030): | 2.00% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Europe |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Nitric Acid Market Segment Analysis
- Nitric Acid Application Outlook (Revenue, USD Million, 2018 - 2030)
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- U.S.
- U.S. Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- U.S. Nitric Acid Market, by Application
- Canada
- Canada Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Canada Nitric Acid Market, by Application
-
Mexico
- Mexico Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Mexico Nitric Acid Market, by Application
-
North America Nitric Acid Market, by Application
- Europe
-
Europe Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- U. K.
- U.K. Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- U.K. Nitric Acid Market, by Application
- France
- France Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- France Nitric Acid Market, by Application
-
Germany
- Germany Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Germany Nitric Acid Market, by Application
-
Italy
- Italy Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Italy Nitric Acid Market, by Application
-
Spain
- Spain Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Spain Nitric Acid Market, by Application
-
Rest of Europe
- Rest of Europe Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Rest of Europe Nitric Acid Market, by Application
-
Europe Nitric Acid Market, by Application
- Asia Pacific
-
Asia Pacific Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- China
- China Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- China Nitric Acid Market, by Application
- Japan
- Japan Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Japan Nitric Acid Market, by Application
-
Germany
- Germany Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Germany Nitric Acid Market, by Application
-
India
- India Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- India Nitric Acid Market, by Application
-
South Korea
- South Korea Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- South Korea Nitric Acid Market, by Application
-
South East Asia
- South East Asia Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- South East Asia Nitric Acid Market, by Application
-
Rest of Asia Pacific
- Rest of Asia Pacific Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Rest of Asia Pacific Nitric Acid Market, by Application
-
Asia Pacific Nitric Acid Market, by Application
- Latin America
-
Latin America Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Brazil
- Brazil Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Brazil Nitric Acid Market, by Application
- Argentina
- Argentina Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Argentina Nitric Acid Market, by Application
-
Rest of Latin America
- Rest of Latin America Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Rest of Latin America Nitric Acid Market, by Application
-
Latin America Nitric Acid Market, by Application
- Middle East & Africa
-
Middle East & Africa Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- GCC Countries
- GCC Countries Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- GCC Countries Nitric Acid Market, by Application
- South Africa
- South Africa Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- South Africa Nitric Acid Market, by Application
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Nitric Acid Market, by Application
- Fertilizers
- Nitrobenzene
- Adipic acid
- Toluene diisocyanate (TDI)
- Nitrochlorobenzene
- Other Applications
- Rest of Middle East & Africa Nitric Acid Market, by Application
-
Middle East & Africa Nitric Acid Market, by Application
- North America
FAQ
Frequently Asked Question
What is the global demand for Nitric Acid in terms of revenue?
-
The global Nitric Acid valued at USD 28.56 Billion in 2022 and is expected to reach USD 33.46 Billion in 2030 growing at a CAGR of 2.00%.
Which are the prominent players in the market?
-
The prominent players in the market are BASF SE (Germany), DuPont de Nemours Inc. (US), Nutrien Ltd. (Canada), Omnia Holdings Limited (South Africa), Apache Nitrogen Products Inc. (US), CF Industries Holdings Inc. (US), Rashtriya Chemicals & Fertilizers Ltd. (India), Dyno Nobel (US), Sasol (South Africa), Angus Chemical Company (US), Enaex S.A. (Chile), LSB Industries (US), Thyssenkrupp AG (Germany), Yara International ASA (Norway), J.R. Simplet Company (US), Ixom (Australia).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 2.00% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Nitric Acid include
- High Demand for Lightweight Automobile to Lead Market Growth
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Nitric Acid in 2022.