| Product Code: ETC4677226 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Canada nitric acid market, the import trend showed a notable growth rate of 10.98% from 2023 to 2024, with a compound annual growth rate (CAGR) of 11.06% for the period 2020-2024. This uptrend may be attributed to increased demand from key industries or shifts in global trade dynamics.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Nitric Acid Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Nitric Acid Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Nitric Acid Market - Industry Life Cycle |
3.4 Canada Nitric Acid Market - Porter's Five Forces |
3.5 Canada Nitric Acid Market Revenues & Volume Share, By Product Types, 2022 & 2032F |
3.6 Canada Nitric Acid Market Revenues & Volume Share, By Applications, 2022 & 2032F |
3.7 Canada Nitric Acid Market Revenues & Volume Share, By End-Use, 2022 & 2032F |
4 Canada Nitric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from the agriculture industry for fertilizers and crop protection products |
4.2.2 Growing use of nitric acid in the production of adipic acid for nylon manufacturing |
4.2.3 Rising demand for nitric acid in the manufacturing of explosives for defense and mining industries |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials such as ammonia and natural gas used in nitric acid production |
4.3.2 Environmental regulations and concerns related to nitric acid production processes |
4.3.3 Competition from alternative products or substitutes in certain applications |
5 Canada Nitric Acid Market Trends |
6 Canada Nitric Acid Market Segmentations |
6.1 Canada Nitric Acid Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Canada Nitric Acid Market Revenues & Volume, By Concentration, 2022-2032F |
6.1.3 Canada Nitric Acid Market Revenues & Volume, By Dilute Nitric Acid, 2022-2032F |
6.1.4 Canada Nitric Acid Market Revenues & Volume, By Concentrated Nitric Acid, 2022-2032F |
6.2 Canada Nitric Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Canada Nitric Acid Market Revenues & Volume, By Fertilizers, 2022-2032F |
6.2.3 Canada Nitric Acid Market Revenues & Volume, By Ammonium Nitrate, 2022-2032F |
6.2.4 Canada Nitric Acid Market Revenues & Volume, By Nitrobenzene, 2022-2032F |
6.2.5 Canada Nitric Acid Market Revenues & Volume, By Toluene Di-Isocyanate, 2022-2032F |
6.2.6 Canada Nitric Acid Market Revenues & Volume, By Adipic Acid, 2022-2032F |
6.2.7 Canada Nitric Acid Market Revenues & Volume, By Nitro chlorobenzene, 2022-2032F |
6.3 Canada Nitric Acid Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Canada Nitric Acid Market Revenues & Volume, By Agrochemicals, 2022-2032F |
6.3.3 Canada Nitric Acid Market Revenues & Volume, By Explosives, 2022-2032F |
6.3.4 Canada Nitric Acid Market Revenues & Volume, By Chemical, 2022-2032F |
6.3.5 Canada Nitric Acid Market Revenues & Volume, By Mining, 2022-2032F |
6.3.6 Canada Nitric Acid Market Revenues & Volume, By Others, 2022-2032F |
7 Canada Nitric Acid Market Import-Export Trade Statistics |
7.1 Canada Nitric Acid Market Export to Major Countries |
7.2 Canada Nitric Acid Market Imports from Major Countries |
8 Canada Nitric Acid Market Key Performance Indicators |
8.1 Average selling price of nitric acid in Canada |
8.2 Capacity utilization rates of nitric acid production facilities |
8.3 Import/export volume of nitric acid in Canada |
9 Canada Nitric Acid Market - Opportunity Assessment |
9.1 Canada Nitric Acid Market Opportunity Assessment, By Product Types, 2022 & 2032F |
9.2 Canada Nitric Acid Market Opportunity Assessment, By Applications, 2022 & 2032F |
9.3 Canada Nitric Acid Market Opportunity Assessment, By End-Use, 2022 & 2032F |
10 Canada Nitric Acid Market - Competitive Landscape |
10.1 Canada Nitric Acid Market Revenue Share, By Companies, 2025 |
10.2 Canada Nitric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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