Russia Nitric Acid Market Size & Outlook, 2026-2033
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Russia nitric acid market highlights
- The Russia nitric acid market generated a revenue of USD 18,351.6 million in 2025 and is expected to reach USD 22,415.6 million by 2033.
- The Russia market is expected to grow at a CAGR of 2.6% from 2026 to 2033.
- In terms of segment, fertilizers was the largest revenue generating application in 2025.
- Nitrobenzene is the most lucrative application segment registering the fastest growth during the forecast period.
Nitric acid market data book summary
| Market revenue in 2025 | USD 18,351.6 million |
| Market revenue in 2033 | USD 22,415.6 million |
| Growth rate | 2.6% (CAGR from 2026 to 2033) |
| Largest segment | Fertilizers |
| Fastest growing segment | Nitrobenzene |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fertilizers, Nitrobenzene, Adipic acid, Toluene diisocyanate (TDI), Nitrochlorobenzene, Other |
| Key market players worldwide | Basf SE, DuPont de Nemours Inc, Nutrien Ltd, APA Corp, CF Industries Holdings Inc, Incitec Pivot Ltd, Sasol, Eastman Chemical Co, LSB Industries Inc, Thyssenkrupp AG, Yara International ASA |
Other key industry trends
- In terms of revenue, Russia accounted for 55.5% of the global nitric acid market in 2025.
- Country-wise, Russia is expected to lead the global market in terms of revenue in 2033.
- In Europe, Russia nitric acid market is projected to lead the regional market in terms of revenue in 2033.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 22,415.6 million by 2033.
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Nitric Acid Market Scope
Nitric Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LSB Industries Inc | View profile | 586 | 3503 North West 63rd Street, Suite 500, Oklahoma City, OK, United States, 73116 | https://www.lsbindustries.com |
| APA Corp | View profile | 2271 | 2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, United States, 77056-4400 | https://www.apacorp.com |
| Sasol | View profile | 10001+ | Johannesburg, NA - South Africa, South Africa, Africa | http://www.sasol.com |
| Incitec Pivot Ltd | View profile | 5814 | 28 Freshwater Place, Level 8, Southbank, Melbourne, VIC, Australia, 3006 | https://www.incitecpivot.com.au |
| CF Industries Holdings Inc | View profile | 2700 | 2375 Waterview Drive, Northbrook, IL, United States, 60062 | https://www.cfindustries.com |
| Yara International ASA | View profile | 18000 | Drammensveien 131, Oslo, Norway, 0277 | https://www.yara.com |
| Nutrien Ltd | View profile | 25900 | 211 19th Street East, Suite 1700, Saskatoon, SK, Canada, S7K 5R6 | https://www.nutrien.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Russia nitric acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nitric acid market will help companies and investors design strategic landscapes.
Fertilizers was the largest segment with a revenue share of 82.12% in 2025. Horizon Databook has segmented the Russia nitric acid market based on fertilizers, nitrobenzene, adipic acid, toluene diisocyanate (tdi), nitrochlorobenzene, other covering the revenue growth of each sub-segment from 2021 to 2033.
Russia is a net exporter of nitric acid and accounts for 1.4% of exports globally. The major trend that is driving the consumption of nitric acid in the country is the rise in domestic consumption of compounds such as ammonia, urea, and ammonium nitrate. The upcoming new capacities of ammonium nitrate are further expected to boost the market growth.
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Target buyers of Russia nitric acid market databook
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Our clientele includes a mix of nitric acid market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia nitric acid market , including forecasts for subscribers. This country databook contains high-level insights into Russia nitric acid market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Russia nitric acid market size, by application, 2021-2033 (US$M)
Russia Nitric Acid Market Outlook Share, 2025 & 2033 (US$M)
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