Nitric acid's market is anticipated to develop during the projected period due to the expansion of the chemical sector and rising nitric acid usage across a variety of end-user industries. Additionally, growing nitric acid use in the phosphate rock acidulation process is anticipated to boost the market growth for nitric acid. Australia Nitric Acid market expansion is also anticipated to be aided by the increased demand for fertilisers to increase agricultural yields in order to meet the growing demand for food.
Additionally, expanding sectors in the construction, automotive, chemical, and pharmaceutical industries are anticipated to support nitric acid's market expansion.
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