Global Concentrated Nitric Acid Market– Industry Analysis and Forecast (2019-2026)

Global Concentrated nitric acid market is witnessing growth due to its vast applications in various end-use industries such as for manufacturing of fertilizers, explosives, nylon, a variety of industrially useful organic and inorganic compounds and etching steel, purification of metals and photoengraving in metal processing industry. About two third of the nitric acid is used for the production of ammonium nitrate which finds wide application in fertilizers. Moreover rising demand for nylon 6-6, as a replacement for metals in the automotive industry is fueling growth of concentrated nitric acid market. Stringent government regulations and environmental concerns are major restraining factors hindering growth of concentrated nitric acid market.

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