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Nitric Acid Market Synopsis Market Research Future speculates the global nitric acid market is estimated to register 6.5% CAGR during the appraisal period (2016-2022) owing to the augmenting need for crop yield. Nitric acid is referred to as a corrosive and colorless mineral acid with a concentration of 70% and turns pale yellow due to the decomposition of oxides. Also termed as aqua fortis or spirit of niter, nitric acid is witnessing high demand in the manufacture of fertilizers, explosives, and nylon. It is a poisonous liquid which produces choking yellow or red fumes in moist air and is a strong oxidizing agent. Nitric acid is considered a good conductor of electricity as it ionizes readily in solution. It is miscible in water and is a slightly yellow aqueous solution treated top remove most free nitrogen oxides. Nitric Acid Market Proportion and Pitfalls The  global  nitric acid market  is majorly driven by the fertilizer industry owing to the augme...