Press Release
Global Nitric Acid Market to Exceed USD 51.80 Billion by 2035
Press Release
Pune, December 30, 2025Work, December 30, 2025
Global Nitric Acid Market to Surpass USD 51.80 Billion by 2035, Driven by Fertilizer and Chemical Manufacturing Demand: Global Data Route Analytics
Global Data Route Analytics announces the release of its comprehensive research report titled “Global Nitric Acid Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2035”. The report forecasts that the global nitric acid market will expand from USD 28.95 billion in 2024 to USD 51.80 billion by 2035, reflecting a steady CAGR of approximately 7.2% during the forecast period. The growth of the nitric acid market is being significantly propelled by increasing demand across fertilizers, explosives, and chemical manufacturing sectors. With expanding industrialization and agricultural activities globally, nitric acid continues to be an indispensable chemical intermediate for a wide range of end-use applications.
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Key Drivers of Market Growth
- Fertilizers Segment Dominance: The highest demand share stems from the production of Ammonium Nitrate and Calcium Ammonium Nitrate, which are essential for modern agriculture.
- Chemical and Explosives Industry Expansion: Rising applications in explosives and intermediate chemicals are supporting global supply chain resilience and technological advancements.
- Emerging Applications: Pharmaceuticals and electronics are contributing to new opportunities for diluted and concentrated nitric acid types.
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Comprehensive Market Segmentation
By Product Type
• Concentrated Nitric Acid
• Diluted Nitric Acid
By Application
• Fertilizers (Ammonium Nitrate, Calcium Ammonium Nitrate)
• Explosives
• Metal Processing
• Chemical Intermediates
• Others (Pharmaceuticals, Electronics, etc.)
By End-Use Industry
• Agriculture
• Mining & Explosives
• Chemical Manufacturing
• Metal Processing
• Pharmaceuticals
• Others
By Region
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
• Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)
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Key Market Players
• Yara International ASA
• CF Industries Holdings, Inc.
• BASF SE
• Nutrien Ltd.
• Mitsubishi Gas Chemical Company, Inc.
• The Mosaic Company
• AkzoNobel N.V.
• OCI N.V.
• Jiangsu Tianjiayi Chemical Co., Ltd.
• Daicel Corporation
• Mitsui Chemicals, Inc.
• Linde plc
About Global Data Route Analytics
Global Data Route Analytics is a market research and consulting firm that provides businesses with data analysis, market forecasts, and tailored reports across various industries. The company uses advanced data analysis techniques, proprietary data, and an expert team to help clients understand market trends, make informed decisions, and develop strategies. They focus on delivering customized solutions, competitive intelligence, and growth strategies to help businesses succeed in their respective markets.
Media Contact
Srushti TungarSrishti Tungar
Global Data Route Analytics