Concentrated Nitric Acid Market Outlook:
Concentrated Nitric Acid Market size was USD 27.2 billion in 2025 and is estimated to reach USD 45.8 billion by the end of 2035, expanding at a CAGR of 4.1% during the forecast period, i.e., 2026-2035. In 2026, the industry size of concentrated nitric acid is assessed at USD 28.3 billion.
The market is experiencing substantial growth, driven by the rising demand for fertilizers due to the need to increase agricultural productivity. As global food demand intensifies, concentrated nitric acid, particularly in the form of ammonium nitrate, plays a critical role in enhancing crop yields through nitrogen-based fertilizers. This trend is especially pronounced in developing regions, where agricultural intensification is key to economic growth and food security.
In addition to agriculture, the defense and military sectors are significant contributors to market expansion, as ammonium nitrate is widely utilized in explosives for mining, construction, and national defense purposes. Furthermore, the importance of nitric acid as a primary oxidizer in aerospace propulsion is on the rise, driven by a surge in satellite launches and space missions, bolstered by the increasing involvement of government and private space initiatives. The U.S. International Trade Administration indicates a growing demand for high-purity oxidizers in sophisticated propulsion systems. This diversification highlights the changing industrial importance of nitric acid.
A leading instance is Yara International, a global chemical company known for its expertise in nitrogen solutions. Yar produces high-quality nitric acid used across agricultural, industrial, and technical applications. Through sustainable practices and technological innovation, the company is well-positioned to capitalize on emerging opportunities in both conventional and high-performance nitric acid markets.
