Concentrated Nitric Acid Market Size

Concentrated Nitric Acid Market size was over USD 26.64 billion in 2024 and is poised to reach USD 44.85 billion by the end of 2037, witnessing around 3.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of concentrated nitric acid is assessed at USD 27.39 billion.

The reason behind the growth is impelled by the rising demand for concentrated nitric acid from the agrochemicals industry. Nitric Acid 65% is employed as fertilizer in farming which is also used as a water treatment chemical to decrease the pH and helps to promote healthy plant growth and fuller yields. According to the U.S. Environmental Protection Agency (EPA), the production of ammonium nitrate, NH4N3 is 70 % nitric acid which has a large role to play in fertilizers.

The growing demand in household cleaning products are believed to fuel the market growth. Concentrated nitric acid is used in the cleaning procedure for the home as it is present in the dishwashing liquids.