Nitric Acid Market Growth: The Role of Fertilizers and Industrial Applications
The global nitric acid market is poised for steady expansion over the next decade, supported by its critical role in agriculture and industrial applications. Valued at US$ 19.8 billion in 2023, the market is projected to reach US$ 31.0 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2034. As global demand for food and industrial chemicals rises, nitric acid...
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