The global nitric acid market is an important segment of the industrial chemicals industry, supporting applications across fertilizers, explosives, chemicals, pharmaceuticals, mining, and specialty manufacturing. According to Fortune Business Insights, the global nitric acid market size was valued at USD 30.84 billion in 2025. The market is projected to grow from USD 31.97 billion in 2026 to USD 39.53 billion by 2034, exhibiting a CAGR of 2.80% during the forecast period. As