Nitric Acid (HNO3) is an organic chemical compound that is intensively corrosive. The compound tends to acquire a colorless or pale-yellow colored appearance and is found in fluid form. It plays a vital role in the production of fertilizers and explosives.
The compound, commonly known as aqua fortis, is toxic and acidic, hence, causes severe damage to the skin if exposed directly. It helps to form nitrate salts while reacting with metals, hydroxides, and other oxides. The boiling point measures around 83° C, and the melting point measures around -42° C, respectively. Commercially, Nitric Acid is obtained by the catalytic oxidation of ammonia in the Ostwald’s process.
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The key exporting countries for Nitric Acid are Germany, Belgium, and South Korea. On the other hand, the key importing countries for the same are Vietnam, India, and the Netherlands.
Key Details About the Nitric Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Nitric Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Nitric Acid Price chart, including India Nitric Acid price, USA Nitric Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Nitric Acid Price Trend:
The use of Nitric Acid extends across various industries, playing a pivotal role in the production of explosives like Nitroglycerin and Trinitrotoluene (TNT), as well as in the synthesis of numerous chemical compounds. Large-scale manufacturing of polymers such as polyurethane and polyamides relies heavily on Nitric Acid. Additionally, Nitric Acid is integral in the purification processes of metals like gold and platinum.
In addition to its primary applications, Nitric Acid finds extensive use in diverse sectors. It is a key component in the production of dyes, nitrogen-based compounds such as nylon, and fertilizers like ammonium nitrate. Moreover, it is utilized in the synthesis of pharmaceuticals, coal tar products, and more.
As a versatile compound, Nitric Acid serves as a common laboratory reagent and fabricator, particularly in woodworking to achieve an aged appearance on wood. Furthermore, it is employed in cleaning equipment within the food and packaging industries.
When analyzing its market dynamics, Nitric Acid Price Trends, Nitric Acid Price Index, and Nitric Acid Prices play crucial roles in understanding its economic impact. These trends are often represented visually through Nitric Acid Price Charts and Nitric Acid Price Graphs, aiding stakeholders in decision-making processes and market assessments.
Key Players:
- CF Fertilisers
- The Chemical Company
- Ube Industries, Ltd
- The Chemours Company
- LSB Industries
News & Recent Development
- Date: November 24, 2022– India’s Petrochemical company, Deepak Fertilizers, signs a deal of about Rupees 80 billion to supply Nitric Acid to a chemical producer firm Aarti Industries, over 20 years.
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