Concentrated Nitric Acid Market worth 25.24 Billion USD by 2022
The report “Concentrated Nitric Acid Market by Type (Strong, Fuming), Application (Ammonium Nitrate, Adipic Acid, Nitrobenzene, Toluene Diisocyanate), End-use Industry (Agrochemicals, Explosives, Automotive, Electronics), and Region – Global Forecast to 2022″, The concentrated nitric acid market was valued at USD 21.11 Billion in 2016 and is projected to reach USD 25.24 Billion by 2022, at a CAGR of 3.1% during the forecast period. Concentrated nitric acid is mainly used in the production of nitrogen fertilizers, explosives pesticides, polyurethane foams, synthetic rubbers, and elastomers.