Nitric Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Nitric Acid Price Trend, Index and Forecast
Track real-time and historical nitric acid prices across global regions. Updated monthly with market insights, drivers, and forecasts.
Nitric Acid Prices September 2025
| Region | Price (USD/Kg) | Latest Movement |
|---|---|---|
| Northeast Asia | 0.22 | 4.7%↑ Up |
| Europe | 0.27 | -15.4%↓ Down |
| North America | 0.39 | 11.9%↑ Up |
Nitric Acid Price Index (USD/KG):
The chart below highlights monthly nitric acid prices across different regions.
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Market Overview Q3 Ending September 2025
Northeast Asia: Nitric acid prices in Northeast Asia saw an upward shift, largely influenced by the recovery in fertilizer demand across China and Japan, alongside higher downstream consumption from explosives and nylon intermediates. On the supply side, maintenance shutdowns in certain Chinese nitric acid units tightened regional availability, while higher ammonia feedstock costs also contributed to price escalation. Trade flows were further shaped by fluctuating freight charges on Asian shipping routes, though favorable yuan-dollar exchange rates moderated import costs. The price stability of raw ammonia, closely tied to natural gas dynamics, continued to be the primary determinant of nitric acid production economics.
Europe: In Europe, nitric acid prices declined sharply, reflecting a significant reduction in downstream fertilizer demand after the peak summer agricultural season. Several European producers benefited from easing natural gas prices, lowering production costs compared to the previous quarter. However, logistics inefficiencies persisted, including inland freight delays and port congestion, which weighed on distributor margins. The appreciation of the euro against the US dollar increased import competitiveness, pressuring local suppliers to adopt more aggressive pricing strategies.
North America: Seasonal demand recovery from the agricultural sector drove purchasing activity, while explosives and nylon industries sustained consistent consumption levels. On the supply side, unplanned outages at a few Gulf Coast nitric acid facilities constrained output, while logistical bottlenecks, including truck driver shortages, raised domestic transportation costs. Higher ammonia feedstock values further inflated overall production costs, which producers successfully passed through to end-users. Additionally, port handling delays for imported ammonia cargoes added to landed costs. Strengthening of the US dollar provided some relief for imports but also reduced competitiveness of exports, limiting trade-driven arbitrage.
Nitric Acid Price Trend, Market Analysis, and News
IMARC's latest publication, “Nitric Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the nitric acid market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of nitric acid at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed nitric acid prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting nitric acid pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Nitric Acid Industry Analysis
The global nitric acid industry size reached USD 30.98 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 42.59 Billion, at a projected CAGR of 3.42% during 2025-2033. The market is driven by the rising fertilizer production, expanding demand from the explosives industry, stable consumption in nylon intermediates, and increasing investments in modernized nitric acid facilities to optimize energy efficiency.
Latest developments in the Nitric Acid Industry:
- March 2025: Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC) finalized a contract with thyssenkrupp Udhe India Private Ltd (TKUIPL) for the establishment of a new weak nitric acid-III plant with a production capacity of 600 metric tonnes per day (equivalent to around 200,000 metric tonnes per annum).
- July 2024: Stamicarbon teamed up with NextChem Tech to perform a feasibility study and a pre-FEED contract for FertigHy. According to this agreement, Stamicarbon will supply its NX Stami Green AmmoniaTM and NX Stami Nitric AcidTM technologies for FertigHy's inaugural low-carbon fertilizer facility in France.
- April 2024: Tata Projects Limited (TPL) took over the nitric acid expansion initiative of Deepak Fertilizers and Petrochemicals Corporation Ltd. (DFPCL).
- August 2023: Deepak Fertilisers and Petrochemicals Corporation Limited announced the nitric acid brownfield expansion at Dahej in Gujarat.
- January 2023: Grupa Azoty doubled its nitric acid production capacity with the launch of a new facility in Tarnów. This facility will increase the company’s production capacity to 40,000 tons annually and will expand the manufacturing line for above 98% concentrated nitric acid.
Product Description
Nitric acid (HNO₃) is a highly corrosive and colorless mineral acid, classified as an important inorganic chemical used globally in bulk volumes. It plays a critical role in the industrial value chain as a key intermediate for ammonium nitrate fertilizers, explosives, and nylon precursors such as adipic acid. Its defining property lies in its strong oxidizing ability, making it indispensable in metallurgical refining, specialty chemicals, and military-grade applications. The compound is widely consumed in the production of fertilizers, supporting global agricultural productivity, while also serving as a core input in the automotive, construction, and mining sectors, where it enhances performance through durability and explosive efficiency.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Nitric Acid |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Nitric Acid Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of nitric acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting nitric acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The nitric acid price charts ensure our clients remain at the forefront of the industry.
Key Questions Answered in This Report
The nitric acid prices in September 2025 were 0.22 USD/KG in Northeast Asia, 0.27 USD/KG in Europe, and 0.39 USD/KG in North America.
The nitric acid pricing data is updated on a monthly basis.
We provide the pricing data primarily in the form of an Excel sheet and a PDF.
Yes, our report includes a forecast for nitric acid prices.
The regions covered include North America, Europe, Asia Pacific, Middle East, and Latin America. Countries can be customized based on the request (additional charges may be applicable).
Yes, we provide both FOB and CIF prices in our report.
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