Merchant Research

As noted in his study of British consulting agency Merchant Research & Consulting Ltd., The whole world's nitric acid market is currently quite busy, but the demand for industrial chemicals has been steadily increases. Average annual world demand for industrial chemicals based on nitric acid sostavlet 7%. Production of industrial chemicals (mainly adipic acid, toluene diisocyanate (TDI) and nitrobenzene based on nitric acid) are concentrated mainly in Western Europe and the U.S., although in recent years the rapid expansion of their production was noted in East Asia And here in India are all rapidly (7% per year) grows market for concentrated nitric acid. In addition to consumption of concentrated nitric acid, defense industry, the product is used in the production of nitroaromatic compounds, acrylonitrile fibers, pesticides, medicines and dyes. Particularly marked increase in the consumption of nitric acid for pharmaceuticals and pesticides.

World production of nitric acid is estimated at 750-800 million tons. However, only about 15-20% nitric acid reaches the market in general. The remaining nitric acid is used by enterprises – producers of nitric fertilizers, adipic acid and other chemicals. In the foreign trade turnover is involved no more than 8-10% produced in the world of nitric acid. Nitric acid is one of the starting material for the majority of nitrogen-containing substances. Up to 75-80% nitric acid is consumed for fertilizers, such as ammonia and calcium ammonium nitrate, urea solution, ammonium nitrate, sulfate, nitrate, ammonium nitrate, magnesium, ammonium and various nitrogen-phosphorus-potassium fertilizer (excluding mono-and diammonium phosphate). Most important are the nitrates of sodium, potassium, ammonium and calcium, which are also called saltpeter. From the study "Market nitric acid, you will also learn: the application of nitric acid, the situation on the world market nitric acid; prospects for development and modern technology in the production of chemicals based on nitric acid, and more.