The new report by Procurement Resource, a global procurement research and consulting firm, looks in-depth into the costs involved in the production of nitric acid. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and the depreciation costs. The extensive study describes the step wise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the nitric acid industry that might influence the costs of production, looking into the capacity expansions, plant turnarounds, and mergers, acquisitions, and investments.

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Nitric acid, with a chemical formula HNO₃, is a mineral acid that is highly corrosive in nature. In its pure form, it is colourless in appearance. It is also known as aqua fortis and spirit of niter. With a freezing point of -42°C and a boiling point of 83°C, it is a common laboratory reagent. Nitric acid is a crucial industrial chemical, which is extensively used in the manufacture of fertilizers and explosives. It is a strong oxidizing agent. Apart from being widely used in the manufacture of fertilizers, it is used in adhesives and agricultural chemicals. It is also a key component used in the automotive industry.

Nitric acid is applied in the formulation of adipic acid. Therefore, due to the increasing demand for adipic acid to formulate nylon resins and fibres for automotive interior manufacturing, the demand for nitric acid is all set to grow in the coming years. North America and Europe, which are the key regions in the automotive industry, are some of the major markets for nitric acid. Due to the strict regulations by the governments owing to the environmental concerns, the developed nations in these regions are moving forward towards adopting lightweight metals. This move is expected to drive the demand for nylon 6,6 over the coming years. As nitric acid is a precursor for the production of nylon 6,6, this development is also likely to influence nitric acid production.

Also, Read Price Trends of Nitric Acid@ https://www.procurementresource.com/resource-center/nitric-acid-pri...

The production cost report by Procurement Resource assesses the production of nitric acid via the Ostwald’s process. In this process, the high-temperature oxidation of anhydrous ammonia to nitrogen oxide takes place in the presence of platinum and rhodium gauze. The nitric oxide formed then reacts with oxygen to give nitrogen dioxide. This nitrogen dioxide formed is subsequently absorbed in water to form nitric acid and nitric oxide.

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