(1888PressRelease)
May 11, 2007 - The global demand for industrial chemicals based on nitric acid grows by an average of 7% per year.
The production of industrial chemicals based on nitric acid – adipic acid, TDI, nitrobenzene – is located mainly in Western Europe and USA, with a recent output expansion shift to eastern Asia.
In India, the market for concentrated nitric acid has been developing at a quick pace (7% a year). Apart from the use of concentrated nitric acid by military enterprises, this product is applied in the manufacture of nitro-aromatic compounds, acrylonitrile fibre, pesticides, medicines, pigments. The highest growth of nitric acid consumption occurs in such sectors as pharmaceuticals and pesticides.
The global nitric acid output tops 750-800m tons, only 15-20% of which enters the market and about 8-10% is involved in foreign trade. The remaining nitric acid is consumed by producers of nitric fertilizers, adipic acid, and other chemicals.
Nitric acid is a basic chemical for the manufacture of the majority of nitrogen-containing products: up to 75-80% of nitric acid is used to obtain ammonium nitrate and calcium-ammonium nitrate, carbamide-ammonium nitrates, magnesium-ammonium nitrate, as well as various nitrogenous, phosphoric and potassium fertilizers.
This market research report also features the following information:
Nitric acid applications;
World market for nitric acid;
Development trends and modern technologies of the manufacture of chemicals based on nitric acid; etc.
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