Nitric Acid Market by Application Competitive Landscape Assessment & Long-Term Forecast to 2030
The Nitric acid is a mineral acid with the chemical formula HNO3. Nitric acid is also known as aqua fortis or spirit of nitre. The acid colorless liquid with sharp and pungent odor and is used in various industrial and laboratory applications. Nitric acid is used in industries such as chemical manufacturing, metallurgy, and explosives production and used in fertilizers, dyes, plastics, pharmaceuticals, and various other chemicals. Increasing demand for Nitric acid from agricultural industry as a fertilizer is expected to boost the Nitric Acid Market growth.