The latest report titled “Nitric Acid manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Nitric Acid.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Nitric Acid manufacturing process, that might influence Nitric Acid manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Nitric Acid (HNO3), or aqua fortis and spirit of nitre, is a pale yellow to reddish brown liquid chemical. It has a choking odour and produces red-brown fumes. It is a nitrogen oxoacid where the nitrogen atom is linked to a hydroxy group and by equivalent bonds to the remaining two oxygen atoms. It has the role of a protic solvent, a strong oxidising agent, as well as a reagent. It is a toxic and corrosive liquid. It has a molar mass of 63.01 g/mol and a density of 1.51 g/cm³. Its respective freezing, boiling, and melting points are −42 °C, 83 °C, and -42 °C.
Market Drivers:
Nitric Acid has a primary application in the production of fertilisers and is used to manufacture explosives such as nitroglycerin and TNT, speciality organic compounds, and nylon precursors which is propelling the market growth. It is also used to make ammonium nitrate, which has further use in manufacturing dyes, fertilisers and plastics. When mixed with hydrochloric acid, it creates aqua regia, which works like a reagent to dissolve gold and platinum. In the medical industry, it helps distinguish heroin and morphine with the help of a colourimetric test; to remove chancres and warts as a caustic substance; and to treat dyspepsia when diluted in solutions. Also, it finds application in the polymer industry; in chloride testing in science laboratories; in purifying raw carbon nanotubes; as the oxidiser in liquid–fueled rockets; as a chemical doping agent in electrochemistry for organic semiconductors, among others which bolster the industry’s development.
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