Concentrated Nitric Acid Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI2090

Summary Methodology

Concentrated Nitric Acid Market size will witness dynamic growth owing to robust growth in fertilizers industry. Rapid urbanization, population growth and decrease in arable land are the key reasons behind growing demand for fertilizers. Adverse climatic conditions and shortage of food crops are shifting focus towards fertilizers market.


Growing automotive industry will drive concentrated nitric acid market as it is utilized in manufacturing of light weight & strong body parts of vehicles. Rising demand for synthetic rubbers, elastomers and polyurethane foams in the automotive industry is anticipated to drive the product demand.


Strong application in chemicals industry owing to its usage in manufacturing of various polymers including, polyurethane and polyamides is anticipated to drive concentrated nitric acid market. Moreover, growth in aerospace industry will propel product demand as it is widely used in rockets as propellants. There are distinct types of propellants that are used in the rockets. For instance, liquid oxidizer is combined with fuels in the liquid-fueled rockets. Since the product is a strong oxidizing agent thus, it has been used as an oxidizer in the liquid-fueled rockets.

Concentrated nitric acid is corrosive in nature, with colorless in the pure form and pale-yellow owing to the decomposition of oxides. The product with over 85% concentration is known as fuming nitric acid, while commercial form has concentration of around 71%. This is classified as red and white based on the nitrogen dioxide concentration and color solution. It is widely used in in reagents that are required for the nitration reactions.

The product is available in two types including fuming and strong. Strong product segment will witness robust growth as it includes several concentrations that range from 51% to 83%, covering almost all applications of the product.

Concentrated nitric acid is used in production of various applications including, Toluene Diisocyanate (TDI), Trinitrotoluene (TNT), nitro chlorobenzene, ammonium nitrate, adipic and nitrobenzene. Around 72% of concentrated nitric acid is utilized in making of ammonium nitrate. Ammonium nitrate is the largest application segment as it can be directly used as fertilizer or acts as an intermediate for other fertilizers including, calcium and urea ammonium nitrate. It is available in liquid and solid form depending on concentration of ammonium nitrate in solution. Increasing demand for Ammonium Nitrate Fuel Oil (ANFO) for manufacturing civil explosives is projected to drive ammonium nitrate application segment during forecast period.

Toluene diisocyanate (TDI) segment will witness substantial growth as it uses the product for developing polyurethane foams, that are used in automotive, furniture, carpets and transportation, industriy.

The product is used in various end-use industries including, agrochemicals, explosives, automotive and electronics. Electronics end-user segment will foresee substantial growth owing to huge domestic demand for the products that is attributed to multitude of factors, including growth in middle class and rising disposable incomes.

North America is anticipated to foresee substantial growth due to expanding automobile production in the region. Changing consumer preferences, growing focus on safety and environmental benefits has played vital role in uplifting car sector. Necessity for personal mobilization and growing urbanization are some factors positively affecting the industry demand.

Asia Pacific concentrated nitric acid industry will witness significant growth due to increasing demand for vehicles, attributable to rise in disposable income, rapid urbanization and growing interest for lightweight air vehicles for accomplishing the stringent government regulations.

Europe concentrated nitric acid market is one of the leading consumers of product due to growth in fertilizer and explosives industry. Western and eastern Europe accounted for largest demand while central Europe is projected to provide better opportunity.

Global concentrated nitric acid marketplace is moderately consolidated with the presence of few companies holding a large market share. Some of the major companies for concentrated nitric acid market are CF Industries, Agrium, National Chemical Group, Deepak Fertilizers & Petrochemicals, Yara International, Hanwha Corporation, Koch Fertilizers, LSB Industries, Shandong Feng yuan Chemical Stock, and Ube Industries.

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X