Nitric Acid Market

Nitric Acid Market (Application: Fertilizers, Nitrobenzene, Toluene Diisocyanate, Adipic Acid, Metal Processing, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2034

Nitric Acid Market Outlook 2034

  • The industry was valued at US$ 19.8 Bn in 2023
  • It is estimated to grow at a CAGR of 4.2% from 2024 to 2034 and reach US$ 31.0 Bn by the end of 2034

Analyst Viewpoint

High demand for fertilizers is fueling the nitric acid market size. Nitric acid is a key chemical in the manufacture of fertilizers as it promotes rapid growth in plants. Consumption of nitrogenous fertilizers, including urea and nitric acid, is increasing in the agriculture sector, thereby boosting the demand for nitric acid.

Rise in investment in Concentrated Nitric Acid (CNA) production is driving the nitric acid market expansion. Surge in production of CNA is likely to consolidate the position of key suppliers of intermediate chemical feedstock.

Key companies in the nitric acid business are focusing on process improvements to reduce GHG emissions at production facilities. They are deploying N2O abatement technology to limit N2O emissions from nitric acid production.

Market Introduction

Nitric acid is one of the most important inorganic chemicals. It is widely employed in the manufacture of explosives, fertilizers, dyes, and drugs. North America, Japan, and Western Europe are major producers of nitric acid. A majority of nitric acid is consumed as an intermediate in the manufacture of ammonium nitrate, which in turn is employed in fertilizers.

Nitric acid is used for organic oxidation in adipic acid manufacturing. It is also employed in organic oxidation to manufacture terephthalic acid and other organic compounds. Explosive manufacturing utilizes nitric acid for organic nitrations. Nitration of organic compounds with nitric acid is the primary method of synthesis of many common explosives such as nitroglycerin and trinitrotoluene. Nitric acid nitrations are used in producing nitrobenzene, dinitrotoluenes, and other chemical intermediates.

Attribute Detail
Drivers
  • High Demand for Fertilizers
  • Rise in Investment in Concentrated Nitric Acid Production

High Demand for Fertilizers Fueling Nitric Acid Market Revenue

Nitric acid is utilized in the production of ammonium nitrate and calcium ammonium nitrate which find applications as fertilizers. Rise in focus on boosting agricultural yield to help sustain the growing global population is increasing the adoption of nitrogen-based fertilizers. Nearly all nitrogen-based fertilizers rely on ammonia and nitric acid as feedstock. Thus, growth in global population and food demand is augmenting the nitric acid market value. According to the Food and Agriculture Organization, feeding a world population of 9.1 billion people in 2050 would require raising overall food production by 70% from 2005/07 to 2050.

According to the OEC, fertilizers were the world's 32nd most traded product in 2022, with a total trade of US$ 143 Bn. Fertilizer exports grew from US$ 97.4 Bn in 2021 to US$ 143 Bn in 2022. Russia (US$ 18.7 Bn), Canada (US$ 14.5 Bn), China (US$ 12.7 Bn), the U.S. (US$ 8.19 Bn), and Morocco (US$ 7.92 Bn) were the top exporters of fertilizers in 2022. Hence, rise in demand for fertilizers is boosting the nitric acid market development.

Rise in Investment in Concentrated Nitric Acid Production Driving Market Progress

Concentrated Nitric Acid (CAN) is used for the production of ammonium nitrate, a major component of fertilizers. It is also employed in the production of explosives. Major vendors operating in the nitric acid industry landscape are boosting the production of CAN.

In 2022, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), a chemical company in India, initiated the process of installing a fourth CAN plant with a 50,000-MT annual capacity. With this, GNFC’s production was expected to reach 165,000 MT by the end of 2022. Thus, increase in investment in CAN production is augmenting the nitric acid market revenue.

In 2023, Casale, a provider of integrated solutions for the production of fertilizers and other base chemicals, partnered with Agropolychim, a producer of phosphoric and nitric fertilizers, to double its nitrogen-based fertilizer production capacity of up to 1.5 million tpy of ammonium nitrate, calcium ammonium nitrate, calcium nitrate, and urea ammonium nitrate combined. Casale will license and engineer a new state-of-the-art dual-pressure nitric acid plant to enhance local green energy production. Hence, increase in investment in nitrogen-based fertilizer production is contributing to the nitric acid market growth.

Regional Outlook

Attribute Detail
Leading Region Asia Pacific

According to the latest nitric acid market trends, Asia Pacific held largest share in 2023. Rise in adoption of fertilizers is boosting the market dynamics in the region. South Korea is the world's second-largest exporter of nitric acid after Europe. Together, Europe and South Korea account for more than 80% of all nitric acid exports globally.

Prices for nitric acid are on the rise in major regions due to its increasing use in fertilizers and decrease in its production activity in Europe. This is increasing the nitric acid market share in Asia Pacific as Europe’s supply crisis is making companies more dependent on the Indian market. Major European companies are seeking to relocate production to India due to its low energy prices, affordable labor, and improved ease of business.

Analysis of Key Players

Key players operating in the global nitric acid market are adopting sustainable technologies to achieve their Environmental, Social, and Governance (ESG) objectives. In November 2023, KBR, Inc. announced a milestone in its partnership with Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) with the successful commissioning of its second plant using KBR’s proprietary MAGNAC CNA technology, in Gujarat, India. The plant utilizes these sustainable technologies, which recycle process water without treatment, and are proven to improve energy efficiency and reduce emissions.

BASF SE, The Chemours Company, Eurochem Group, Dyno Nobel, Nutrien Ltd., Sumitomo Chemical Co., Ltd., Yara, CF Industries, Deepak Fertilisers and Petrochemicals Corporation Limited, and OCI are some of the leading players in the nitric acid industry.

Each of these companies has been profiled in the nitric acid market report based on parameters such as company overview, business strategies, financial overview, business segments, product portfolio, and recent developments.

Key Developments

  • In January 2024, Saudi Chemical Co. Holding (SCCH), a manufacturer of explosives and detonators, through its subsidiary Saudi Chemical Co. Ltd. (SCCL), signed a non-binding memorandum of understanding (MoU) with Dyno Nobel for a facility to produce ammonium nitrate and nitric acid in Ras Al Khair. The facility’s annual production capacity for nitric acid will be 440,000 tons, and for ammonium nitrate will be 300,000 tons.
  • In August 2023, Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) announced to expand the nitric acid capacity at Dahej, in Gujarat, India. The company will set up a Weak Nitric Acid (WNA) plant with a capacity of 300 kilotons per annum (KTPA) and two CNA plants with a total capacity of 150 KTPA.

Nitric Acid Market Snapshot

Attribute Detail
Market Size in 2023 US$ 19.8 Bn
Market Forecast (Value) in 2034 US$ 31.0 Bn
Growth Rate (CAGR) 4.2%
Forecast Period 2024-2034
Historical Data Available for 2020-2022
Quantitative Tons US$ Bn for Value
Market Analysis It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis.
Competition Landscape
  • Market share analysis by company (2023)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • By Application
    • Fertilizers
    • Nitrobenzene
    • Toluene Diisocyanate (TDI)
    • Adipic Acid
    • Metal Processing
    • Others
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Germany
  • France
  • U.K.
  • Italy
  • Russia & CIS
  • China
  • India
  • Japan
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa
Companies Profiled
  • BASF SE
  • The Chemours Company
  • Eurochem Group
  • Dyno Nobel
  • Nutrien Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Yara
  • CF Industries
  • Deepak Fertilisers and Petrochemicals Corporation Limited
  • OCI
Customization Scope Available upon request
Pricing Available upon request

Frequently Asked Questions

How big was the nitric acid market in 2023?

It was valued at US$ 19.8 Bn in 2023

How the nitric acid industry is expected to grow by 2034?

It is projected to grow at a CAGR of 4.2% from 2024 to 2034

What are the key factors driving the demand for nitric acid?

High demand for fertilizers and rise in investment in concentrated nitric acid production

Which region was the most lucrative in the nitric acid business in 2023?

Asia Pacific was the most lucrative region in 2023

Who are the prominent nitric acid manufacturers?

BASF SE, The Chemours Company, Eurochem Group, Dyno Nobel, Nutrien Ltd., Sumitomo Chemical Co., Ltd., Yara, CF Industries, Deepak Fertilisers and Petrochemicals Corporation Limited, and OCI

    1. Executive Summary

        1.1. Global Market Outlook

        1.2. Demand Side Trends

        1.3. Key Facts and Figures

        1.4. Trends Impacting Market

        1.5. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Key Developments

        2.3. Market Definitions

        2.4. Key Market Trends

        2.5. Market Dynamics

            2.5.1. Drivers

            2.5.2. Restraints

            2.5.3. Opportunities

        2.6. Global Nitric Acid Market Analysis and Forecast, 2020 - 2034

            2.6.1. Global Nitric Acid Market Revenue (US$ Mn)

        2.7. Porter’s Five Forces Analysis

        2.8. Regulatory Landscape

        2.9. Value Chain Analysis

            2.9.1. List of Raw Material Suppliers

            2.9.2. List of Key Manufacturers

            2.9.3. List of Key Suppliers

            2.9.4. List of Potential Customers

        2.10. Product Specification Analysis

        2.11. Production Overview

        2.12. Cost Structure Analysis

    3. Economic Recovery Analysis Post COVID-19 Impact

        3.1. Impact on Supply Chain of Nitric Acid

        3.2. Recovery in Demand for Nitric Acid - Post Crisis

    4. Impact of Current Geopolitical Scenario on Market

    5. Price Trend Analysis and Forecast (US$/Ton), 2020 - 2034

        5.1. Price Trend Analysis by Application

        5.2. Price Trend Analysis by Region

    6. Global Nitric Acid Market Analysis and Forecast, by Application, 2020 - 2034

        6.1. Introduction and Definitions

        6.2. Global Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            6.2.1. Fertilizers

            6.2.2. Nitrobenzene

            6.2.3. Toluene Diisocyanate (TDI)

            6.2.4. Adipic Acid

            6.2.5. Metal Processing

            6.2.6. Others

        6.3. Global Nitric Acid Market Attractiveness, by Application

    7. Global Nitric Acid Market Analysis and Forecast, by Region, 2020 - 2034

        7.1. Key Findings

        7.2. Global Nitric Acid Market Value (US$ Mn) Forecast, by Region, 2020 - 2034

            7.2.1. North America

            7.2.2. Europe

            7.2.3. Asia Pacific

            7.2.4. Latin America

            7.2.5. Middle East & Africa

        7.3. Global Nitric Acid Market Attractiveness, by Region

    8. North America Nitric Acid Market Analysis and Forecast, 2020 - 2034

        8.1. Key Findings

        8.2. North America Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        8.3. North America Nitric Acid Market Value (US$ Mn) Forecast, by Country, 2020 - 2034

            8.3.1. U.S. Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            8.3.2. Canada Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        8.4. North America Nitric Acid Market Attractiveness Analysis

    9. Europe Nitric Acid Market Analysis and Forecast, 2020 - 2034

        9.1. Key Findings

        9.2. Europe Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        9.3. Europe Nitric Acid Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023 - 2034

            9.3.1. Germany Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            9.3.2. France Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            9.3.3. U.K. Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            9.3.4. Italy Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            9.3.5. Russia & CIS Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            9.3.6. Rest of Europe Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        9.4. Europe Nitric Acid Market Attractiveness Analysis

    10. Asia Pacific Nitric Acid Market Analysis and Forecast, 2020 - 2034

        10.1. Key Findings

        10.2. Asia Pacific Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        10.3. Asia Pacific Nitric Acid Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023 - 2034

            10.3.1. China Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            10.3.2. Japan Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            10.3.3. India Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            10.3.4. ASEAN Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            10.3.5. Rest of Asia Pacific Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        10.4. Asia Pacific Nitric Acid Market Attractiveness Analysis

    11. Latin America Nitric Acid Market Analysis and Forecast, 2020 - 2034

        11.1. Key Findings

        11.2. Latin America Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        11.3. Latin America Nitric Acid Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023 - 2034

            11.3.1. Brazil Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            11.3.2. Mexico Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            11.3.3. Rest of Latin America Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        11.4. Latin America Nitric Acid Market Attractiveness Analysis

    12. Middle East & Africa Nitric Acid Market Analysis and Forecast, 2020 - 2034

        12.1. Key Findings

        12.2. Middle East & Africa Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        12.3. Middle East & Africa Nitric Acid Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023 - 2034

            12.3.1. GCC Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            12.3.2. South Africa Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

            12.3.3. Rest of Middle East & Africa Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

        12.4. Middle East & Africa Nitric Acid Market Attractiveness Analysis

    13. Competition Landscape

        13.1. Global Nitric Acid Market Company Share Analysis, 2023

        13.2. Company Profiles

            13.2.1. BASF SE

                13.2.1.1. Company Revenue

                13.2.1.2. Business Overview

                13.2.1.3. Product Segments

                13.2.1.4. Geographic Footprint

                13.2.1.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.1.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

            13.2.2. The Chemours Company

                13.2.2.1. Company Revenue

                13.2.2.2. Business Overview

                13.2.2.3. Product Segments

                13.2.2.4. Geographic Footprint

                13.2.2.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.2.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

            13.2.3. Eurochem Group

                13.2.3.1. Company Revenue

                13.2.3.2. Business Overview

                13.2.3.3. Product Segments

                13.2.3.4. Geographic Footprint

                13.2.3.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.3.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

            13.2.4. Dyno Nobel

                13.2.4.1. Company Revenue

                13.2.4.2. Business Overview

                13.2.4.3. Product Segments

                13.2.4.4. Geographic Footprint

                13.2.4.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.4.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

            13.2.5. Nutrien Ltd.

                13.2.5.1. Company Revenue

                13.2.5.2. Business Overview

                13.2.5.3. Product Segments

                13.2.5.4. Geographic Footprint

                13.2.5.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.5.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

            13.2.6. Sumitomo Chemical Co., Ltd.

                13.2.6.1. Company Revenue

                13.2.6.2. Business Overview

                13.2.6.3. Product Segments

                13.2.6.4. Geographic Footprint

                13.2.6.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.6.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

            13.2.7. Yara

                13.2.7.1. Company Revenue

                13.2.7.2. Business Overview

                13.2.7.3. Product Segments

                13.2.7.4. Geographic Footprint

                13.2.7.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.7.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

            13.2.8. CF Industries

                13.2.8.1. Company Revenue

                13.2.8.2. Business Overview

                13.2.8.3. Product Segments

                13.2.8.4. Geographic Footprint

                13.2.8.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.8.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

            13.2.9. Deepak Fertilisers and Petrochemicals Corporation Limited

                13.2.9.1. Company Revenue

                13.2.9.2. Business Overview

                13.2.9.3. Product Segments

                13.2.9.4. Geographic Footprint

                13.2.9.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.9.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

            13.2.10. OCI

                13.2.10.1. Company Revenue

                13.2.10.2. Business Overview

                13.2.10.3. Product Segments

                13.2.10.4. Geographic Footprint

                13.2.10.5. Production Capacity/Plant Details, etc. (*As Applicable)

                13.2.10.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

    14. Primary Research: Key Insights

    15. Appendix

    List of Tables

    Table 1: Global Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 2: Global Nitric Acid Market Value (US$ Mn) Forecast, by Region, 2020 - 2034

    Table 3: North America Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 4: North America Nitric Acid Market Value (US$ Mn) Forecast, by Country, 2020 - 2034

    Table 5: U.S. Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 6: Canada Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 7: Europe Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 8: Europe Nitric Acid Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020 - 2034

    Table 9: Germany Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 10: France Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 11: U.K. Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 12: Italy Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 13: Spain Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 14: Russia & CIS Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 15: Rest of Europe Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 16: Asia Pacific Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 17: Asia Pacific Nitric Acid Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020 - 2034

    Table 18: China Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 19: Japan Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 20: India Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 21: ASEAN Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 22: Rest of Asia Pacific Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 23: Latin America Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 24: Latin America Nitric Acid Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020 - 2034

    Table 25: Brazil Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 26: Mexico Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 27: Rest of Latin America Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 28: Middle East & Africa Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 29: Middle East & Africa Nitric Acid Market Value (US$ Mn) Forecast, by Country and Sub-region, 2020 - 2034

    Table 30: GCC Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 31: South Africa Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    Table 32: Rest of Middle East & Africa Nitric Acid Market Value (US$ Mn) Forecast, by Application, 2020 - 2034

    List of Figures

    Figure 1: Global Nitric Acid Market Value Share Analysis, by Application, 2023, 2025, and 2034

    Figure 2: Global Nitric Acid Market Attractiveness, by Application

    Figure 3: Global Nitric Acid Market Value Share Analysis, by Region, 2023, 2025, and 2034

    Figure 4: Global Nitric Acid Market Attractiveness, by Region

    Figure 5: North America Nitric Acid Market Value Share Analysis, by Application, 2023, 2025, and 2034

    Figure 6: North America Nitric Acid Market Attractiveness, by Application

    Figure 7: North America Nitric Acid Market Value Share Analysis, by Country, 2023, 2025, and 2034

    Figure 8: North America Nitric Acid Market Attractiveness, by Country

    Figure 9: Europe Nitric Acid Market Value Share Analysis, by Application, 2023, 2025, and 2034

    Figure 10: Europe Nitric Acid Market Attractiveness, by Application

    Figure 11: Europe Nitric Acid Market Value Share Analysis, by Country and Sub-region, 2023, 2025, and 2034

    Figure 12: Europe Nitric Acid Market Attractiveness, by Country and Sub-region

    Figure 13: Asia Pacific Nitric Acid Market Value Share Analysis, by Application, 2023, 2025, and 2034

    Figure 14: Asia Pacific Nitric Acid Market Attractiveness, by Application

    Figure 15: Asia Pacific Nitric Acid Market Value Share Analysis, by Country and Sub-region, 2023, 2025, and 2034

    Figure 16: Asia Pacific Nitric Acid Market Attractiveness, by Country and Sub-region

    Figure 17: Latin America Nitric Acid Market Value Share Analysis, by Application, 2023, 2025, and 2034

    Figure 18: Latin America Nitric Acid Market Attractiveness, by Application

    Figure 19: Latin America Nitric Acid Market Value Share Analysis, by Country and Sub-region, 2023, 2025, and 2034

    Figure 20: Latin America Nitric Acid Market Attractiveness, by Country and Sub-region

    Figure 21: Middle East & Africa Nitric Acid Market Value Share Analysis, by Application, 2023, 2025, and 2034

    Figure 22: Middle East & Africa Nitric Acid Market Attractiveness, by Application

    Figure 23: Middle East & Africa Nitric Acid Market Value Share Analysis, by Country and Sub-region, 2023, 2025, and 2034

    Figure 24: Middle East & Africa Nitric Acid Market Attractiveness, by Country and Sub-region

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