Nitric acid is a highly corrosive and powerful oxidising acid that is widely employed in industrial and scientific settings. It is a colourless or yellowish liquid with a strong, unpleasant odour that dissolves in water and alcohol.
It is a highly reactive molecule that can aggressively react with a wide range of organic and inorganic materials, including metals, polymers, and wood.
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Nitric acid is commonly used in the manufacturing of fertilisers, explosives, dyes, and other compounds. Nitric acid is involved in a variety of physiological processes in the human body, including blood pressure regulation and immunological response. However, nitric acid exposure can be detrimental, causing skin and eye irritation, respiratory issues, and other health problems.
Belgium, Germany, the USA, and France are the top nitric acid-producing countries.
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 Nitric Acid 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:
Nitric acid is used to make ammonium nitrate, a common nitrogen fertiliser. It is used in the manufacture of explosives such as TNT, nitroglycerin, and ammonium nitrate fuel oil (ANFO). It is also used to make dyes and pigments such as aniline colours, picric acid, and azo dyes.
It is used to etch metals and prepare metal surfaces for future processing, such as electroplating. It is also utilised in the manufacture of cleaning agents and detergents.
It is utilised in the manufacture of certain medications, such as nitroglycerin. It is utilised as an oxidizer in various rocket fuels. It also finds its application in leather tanning, food preservation, and as a laboratory reagent.
Additionally, it is utilised in the manufacture of semiconductors and other electronic components. It is also used to cleanse water and remove contaminants such as heavy metals.
Key Market Players:
- CF Fertilisers
- The Chemical Company
- Ube Industries, Ltd
- The Chemours Company
- LSB Industries
News and Events:
- June 2022: CF Fertilisers UK Limited has announced plans to restructure its UK business. CF Fertilisers UK wants to focus on all of its manufacturing operations in the United Kingdom at the Billingham manufacturing facility on Teesside. Billingham has a significant number of ammonia and nitric acid industrial contracts that pass on natural gas costs to customers, laying the framework for profitable operations.
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