- In October 2020, LSB INDUSTRIES signed a new long-term nitric acid supply contract with a customer for supplying about 70 to 100 kilotons of nitric acid per year, thereby, enhancing the company's nitric acid business
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Fuming and Non- Fuming), Grade (Commercial and Others), Concentration (Dilute Nitric Acid (68%) and Concentrated Nitric Acid (69%-71%)) Application (Fertilizers, Ammonium Nitrate, Nitrobenzene, Toluene Di-isocynate, Adipic Acid, Nitro Chlorobenzene, Polyurethanes, Polyamides and Others), End Use Industry (Agrochemicals, Explosives, Chemicals, Mining and Others) – Industry Trends and Forecast to 2032
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The Global Nitric Acid Market size was valued at USD 29.69 USD Billion in 2024.
The Global Nitric Acid Market is projected to grow at a CAGR of 7.4% during the forecast period of 2025 to 2032.
The major players operating in the market include Yara, Nutrien , BASF SE, 3M, Dow, DuPont, LSB INDUSTRIES, Sika AG, CF Fertilisers UK, Innospec, ADEKA CORPORATION, Dorf Ketal Chemicals Pvt. , PMC Specialties Group, Afton Chemical, The Lubrizol Corporation, Clariant, LANXESS, Mayzo , Solvay, Akzo Nobel N.V., Arkema, Eastman Chemical Company.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
