Market Research Insights

  San Francisco, 11 Oct 2022:  The Report  Nitric Acid Market  Size, Share & Trends Analysis Report By Application (Fertilizers, Nitrobenzene, Adipic Acid, Toluene di-Isocyanate, Nitoroclorobenzene), By Region, And Segment Forecasts, 2022 - 2030 The global nitric acid market size is expected to reach USD 35.9 billion by 2030, registering a CAGR of 2.3% from 2022 to 2030 as per the new report by Grand View Research, Inc. The growth is attributed to the rising demand for fertilizers by the agrarian economies of the world. The surge in the demand for fertilizers is witnessed by the excessive rise in demand for food. Fertilizer is the major application of nitric acid which caters to the maximum share across the global market. Farmers are adopting new technologies to speed up their crop yield to satisfy their excessive need. The product is also consumed in the manufacturing of adipic acid which is an important raw material in the development of Nylon 6, 6. Nylon 6, 6 is used extensively

San Francisco, 12 December 2019:   The Report   Nitric Acid Market   Size, Share & Trends Analysis Report By Application (Fertilizers, Adipic Acid, Nitrobenzene, Toulene di-isocynate, Nitrochlorobenzene), By Region, Vendor Landscape, And Segment Forecasts, 2012 – 2022 The global nitric acid market size is expected to reach USD 14.0 billion by 2022, according to a new report by Grand View Research, Inc., progressing at a CAGR of 1.8% during the forecast period. Flourishing agriculture industry and surging demand for fertilizers are among the key trends escalating market growth. Growing need for high yield in order to meet demands of ever-rising population is creating an upswing in the use of synthetic fertilizers, which is anticipated to have a positive impact on the market. Growth in chemical processing industry, particularly in developing countries including China and India, is likely to further fuel the demand for nitric acid. Ammonium nitrate fertilizer is estimat