Adroit Market Research launched a study titled "Global Nitric Acid Market Size 2017 by Type (Weak, Concentrated), by End-user (Fertilizer, Explosives, Chemicals and Others) by Application (Ammonium Nitrate, Adipic Acid, Toluene di-isocynate, Nitro Benzene and Others), By Region and Forecast 2018 to 2025". The global nitric acid market is expected to reach USD 23.31 billion by 2025, owing to its high consumption in fertilizer production. The nitric acid market is expected to increase at a 2.0% CAGR during the forecast period.