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 Nitric acid (HNO3) is a strong, colorless acid that is widely used in the production of fertilizers, explosives, dyes, and other chemicals. It is also used in various industrial processes such as metallurgy, etching, and cleaning. The global Nitric Acid Market is expected to grow at a significant rate over the next few years, driven by the increasing demand for fertilizers and the growth of various end-use industries. The global nitric acid market is segmented by type, application, and geography. Based on type, the market is segmented into concentrated nitric acid and dilute nitric acid. Concentrated nitric acid is the most commonly used type of nitric acid, owing to its high purity and concentration. Dilute nitric acid is used for less demanding applications, such as cleaning and etching. Based on application, the market is segmented into fertilizers, explosives, adipic acid, nitrobenzene, toluene diisocyanate (TDI), and others. The fertilizers segment is expected to hold the lar

  Competitive Dashboard Koch Fertilizer LLC (US) PVS Chemicals (US) BASF SE (Germany) Nutrien Ltd (Canada) Orica Limited (Australia) The Chemours Company (US) LSB Industries (US) Apache Nitrogen Products Inc. (US) CF Fertilisers UK (UK) Incitec Pivot Limited (Australia) Kemcore (China). Market Synopsis Market Research Future speculates the global nitric acid market is estimated to register a 6.5% CAGR during the appraisal period (2022-2030) owing to the augmenting need for crop yield. Nitric acid is referred to as a corrosive and colorless mineral acid with a concentration of 70% and turns pale yellow due to the decomposition of oxides. Also termed as aqua fortis or spirit of niter, nitric acid is witnessing high demand in the manufacture of fertilizers, explosives, and nylon. It is a poisonous liquid which produces choking yellow or red fumes in moist air and is a strong oxidizing agent. Nitric acid is considered a good conductor of electricity as it ionizes readily in solution. It is