The global nitric acid market is anticipated to attain a valuation of US$ 30.66 billion in 2023 and is estimated to reach US$ 42.7 billion by 2033, trailing a CAGR of 3.3% during the forecast period. The nitric acid market is poised for growth, fueled by the rising demand from fertilizer formulators and the increased consumption of …
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Global Nitric Acid Market Forecasts Project a Whopping US$ 42.7 Billion Valuation by 2033, Fueled by Escalating Demand in Automotive Sector and Agrarian Economies
The global nitric acid market is anticipated to attain a valuation of US$ 30.66 billion in 2023 and is estimated to reach US$ 42.7 billion by 2033, trailing a CAGR of 3.3% during the forecast period. The nitric acid market is poised for growth, fueled by the rising demand from fertilizer formulators and the increased consumption of …
Nitric Acid Market is set to expand at a CAGR of 3% through the course of forecast period 2019-2029
Majorly driven by its application in agrochemicals and automotive industry, nitric acid will represent a modestly growing market at 3% CAGR during 2019 – 2029. Moreover, metallurgical and pharmaceutical industries will generate upward growth trend for nitric acid market through 2029, as per the projections of a new Future Market Insights (FMI) study. Nitrogenous fertilizers continue to …