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The global nitric acid market size was valued at USD 24.0 billion in 2019 and is anticipated to register a CAGR of 3.3% from 2020 to 2027. Increasing demand for adipic acid to formulate nylon resins and fibers for automotive interior manufacturing is identified as a key market driver. It is widely used as a precursor for the production of nylon 6,6, which is extensively used in the automotive sector globally.

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