Nitric Acid Market to Grow with a CAGR of 3.72% through 2030

Growing use of nitric acid in making fertilizers and chemicals are expected to drive the Global Nitric Acid Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Nitric Acid Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Nitric Acid Market stood at USD 27.25 Billion in 2024 and is anticipated to grow with a CAGR of 3.72% in the forecast period.

Advancements in nitric acid production technologies are playing a pivotal role in driving market growth, as manufacturers prioritize process optimization and emission control to align with global sustainability targets. The adoption of catalyst-enhanced systems, energy recovery solutions, and low-emission reactor designs is allowing producers to expand capacity while minimizing environmental impact particularly in regions with stringent regulatory frameworks governing industrial emissions, such as Europe and parts of Asia.

At the policy level, governments especially in agriculturally driven economies are introducing targeted subsidies and production-linked incentives to support domestic fertilizer and chemical manufacturing. These initiatives not only promote self-reliance but also create favorable market conditions for nitric acid, given its essential role in both upstream feedstock production and downstream industrial applications such as mining, infrastructure, and renewable energy.

Among the most influential demand drivers is the agriculture sector, where nitric acid is crucial for producing ammonium nitrate, a core ingredient in nitrogen-based fertilizers. With limited arable land and a fast-growing global population, the urgency to maximize crop yields has become paramount. Countries like India and Brazil, which rely heavily on agriculture for economic stability and employment, are seeing accelerated adoption of high-efficiency fertilizers, thereby directly amplifying the consumption of nitric acid across the value chain.

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The Global Nitric Acid Market is segmented into plant type, sales channel, end use, regional distribution, and company.

Based on its plant type, Dual Pressure segment emerges as the dominating segment in the Global Nitric Acid market and is predicted to continue expanding over the coming years. Dual pressure plants operate using a two-stage pressure system high pressure for ammonia oxidation and lower pressure for absorption. This configuration allows for greater conversion efficiency of raw materials, leading to higher nitric acid yields per unit of ammonia consumed. In a market that prioritizes both volume and resource optimization, this feature makes dual pressure systems commercially attractive for large-scale producers.

One of the primary advantages of the dual pressure process is its ability to recover and reuse thermal energy generated during oxidation. This recovered energy can be redirected to generate steam or electricity, which in turn reduces the plant’s overall energy consumption and operating costs. As energy prices rise and environmental regulations tighten, dual pressure technology provides a clear cost and sustainability edge, especially in energy-intensive regions. Due to its robust design and efficiency, the dual pressure system is particularly well-suited for high-capacity nitric acid plants that produce in excess of 1,000 metric tons per day. Many global producers particularly in Europe, Asia Pacific, and North America prefer this configuration for brownfield expansions and new plant installations, making it the preferred choice in large industrial operations and integrated fertilizer complexes.

North America is positioned to register the fastest growth in the Global Nitric Acid Market, driven by a convergence of industrial expansion, regulatory shifts, and increasing demand across key downstream applications. The resurgence of mining and mineral exploration activities particularly in the United States and Canada is driving significant demand for ammonium nitrate-based explosives, which rely heavily on nitric acid as a precursor. Government support for critical mineral extraction and investments in domestic resource security are fueling growth in sectors that are highly nitric acid-intensive.

North America is witnessing increased production of adipic acid and toluene diisocyanate (TDI), used in the manufacture of nylon and polyurethane foams. These materials are in high demand across the automotive, construction, and packaging industries. As manufacturing rebounds post-pandemic, nitric acid usage in these value chains is experiencing sharp growth. The region is at the forefront of adopting low-emission and energy-efficient production technologies, especially in the chemical and fertilizer sectors. The availability of capital investment and skilled labor, combined with a strong focus on cleaner nitric acid production processes (such as catalytic N₂O abatement systems), is enabling producers to scale operations while meeting stringent environmental standards. 

Major companies operating in Global Nitric Acid Market are:

• Celanese Corporation
• Jiangsu sopo chemical co. ltd.
• Eastman Chemicals Company
• Archer Daniels Midland
• Tate and Lyle Plc.
• BASF SE
• Dow Chemical
• BioAmber Inc.
• Henan Jindan Lactic Acid Technology Co., Ltd.
• Nature Works LLC

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“The Global Nitric Acid Market is set to witness steady and resilient growth, underpinned by its indispensable role in high-demand sectors such as fertilizers, explosives, polymers, and specialty chemicals. As industries across agriculture, mining, construction, and manufacturing continue to expand, nitric acid remains a critical input in their value chains. Coupled with advancements in sustainable production technologies and strategic investments in capacity enhancement, the market is well-positioned to benefit from both developed and emerging economies. Going forward, the focus on efficiency, environmental compliance, and innovation will shape the competitive landscape and define long-term growth opportunities within the global nitric acid industry.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Nitric Acid Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Plant Type (Mono Pressure, Dual Pressure), By Sales Channel (Direct, Indirect), By End Use (AN & CAN, Nitrobenzene, TDI, TNT, Adipic Acid, Others), By Region, & Competition, 2020-2030F”, has evaluated the future growth potential of Global Nitric Acid Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Nitric Acid Market.

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