Nitric acid, also known by various other names such as Hydrogen nitrate, Aqua fortis, Azotic acid, and Salpetersaeure, is an inorganic chemical having the molecular formula HNO3 and molecular weight 63.012 g/mol. It is either a colorless, yellow or red fuming liquid and has a suffocating odor. It has a boiling point of 181-00b0F at 760 mm Hg or 83-00b0C and melting point of -44-00b0F or -41.6-00b0C. It is soluble in water and has density of 1.5129 g/cu cm at 20-00b0C. The vapor pressure of Nitric acid is 63.1 mm Hg at 25-00b0C. It is unstable and decomposes when exposed to light, water, heat, oxygen, and nitrogen dioxide. Nitric acid is most commonly prepared by oxidizing ammonia using the Ostwald process. Meanwhile, smaller quantities of Nitric acid are produced by treating sodium nitrate with sulfuric acid.
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The Nitric acid market has expanded at consistent rate during the last few years owing to its use in manufacturing fertilizers. This use is also the major driver of the market. On the other hand, Nitric acid is harmful to humans and the environment. Exposure to Nitric acid can cause eye damage, severe skin burns, chronic bronchitis, and chemical pneumonitis. In fact, there are even concerns of groundwater getting contaminated with nitrate from ammonium nitrate fertilizers. As a result, governments have imposed strict regulations on the use of Nitric acid. These concerns regarding Nitric acid and regulations on its use act as a restraint on the market.
The -201cGlobal Nitric Acid Market Analysis and Forecasts to 2025-201d can be segmented into application, end user, and region. Based on application, the market can be categorized into intermediate and oxidizing agent. The majority use of Nitric acid is in the form of an intermediate for producing fertilizers. It is also used to manufacture variety of dyes, polyamides, and polyurethanes. Nitric acids oxidizing properties are used to manufacture explosives such as Guncotton and Tri Nitro Toulene (T.N.T.), apart from producing other chemicals such as adipic acid and nitrochlorobenzenes. Nitric acid can be commonly found in laboratories for experimental and studying purposes.
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Sasol Limited,
Borealis AG,
Omnia Group,
Qingdao Hisea Chem Co. Ltd.,
Kemcore,
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The Nitric acid market based on geography is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for Nitric acid in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The U.S., Europe, and China together account-for majority of the consumption of Nitric acid. In recent years, the production of Nitric acid in China has expanded at a fast rate. But in terms of export, South Korea leads other countries by a considerable margin. The Nitric Acid market report includes market size and analysis for all the above-mentioned regions and countries for application and end user.
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