Global Refined Nitric Acid Market Growth 2025-2031

The global Refined Nitric Acid market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Nitric acid is a strong oxidizing agent used to oxidize silicon to silicon dioxide and to dissolve metals to metal nitrates. Nitric acid is used in combination with hydrofluoric acid (HF) in mixed acid etchants to etch silicon.

World consumption of nitric acid has grown steadily since 2000. The largest market for nitric acid is the production of ammonium nitrate (AN) and calcium ammonium nitrate (CAN), accounting for approximately 77% of total world nitric acid consumption in 2020. Major end uses of AN fertilizers are decreasing due to groundwater nitrate contamination concerns and safety concerns. As a result, AN fertilizers are increasingly being replaced by solid urea, which has a higher nitrogen content (46%) than AN (34%), is less costly, and is less dangerous. Nitric acid is one of the world"s largest bulk chemicals. It is mainly used as an intermediate in the production of fertilizers (mainly ammonium nitrate and calcium ammonium nitrate) and in the production of nitro-containing organic intermediates. In 2020, nearly 80% of nitric acid was used in fertilizer products, with the remainder used in industrial applications. The largest chemical end uses for nitric acid include nitrobenzene, adipic acid, toluene diisocyanate (TDI), and nitrochlorobenzene. Other important end uses include explosives production, metal treatment and uranium processing.

LP Information, Inc. (LPI) ' newest research report, the “Refined Nitric Acid Industry Forecast” looks at past sales and reviews total world Refined Nitric Acid sales in 2024, providing a comprehensive analysis by region and market sector of projected Refined Nitric Acid sales for 2025 through 2031. With Refined Nitric Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Refined Nitric Acid industry.

This Insight Report provides a comprehensive analysis of the global Refined Nitric Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Refined Nitric Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Refined Nitric Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Refined Nitric Acid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Refined Nitric Acid.

This report presents a comprehensive overview, market shares, and growth opportunities of Refined Nitric Acid market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

60%-70%

70%-80%

90%-99%

Others

Segmentation by Application:

Semiconductor

Trace Metal Analysis

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Nissan Chemical

UBE

CCI

Seastar Chemical

FUJIFILM Wako Pure Chemical

GFS Chemicals

Deepak Fertilizers and Petrochemicals

Kaname

Vaisala

Amaris Chemical Solutions

Kanto Kagaku

Shanghai Qianhong Chemical Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Refined Nitric Acid market?

What factors are driving Refined Nitric Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Refined Nitric Acid market opportunities vary by end market size?

How does Refined Nitric Acid break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.