nitric acid manufacturers and suppliers

29/12/2023 04:12 PM

Post by Fyndsupplier

Nitric acid is an inorganic compound.The compound is colorless.  Most commercially available nitric acid has a concentration of 68% in water. 

Nitric acid is the primary reagent used for nitration – It’s also  used as a strong oxidizing agent. 

Formula -  HNO3 

Uses -

Nitric acid is used in the production of ammonium nitrate for fertilizers, making plastics, and in the manufacture of dyes. It is also used for making explosives such as nitroglycerin and TNT. 

Market Size - 

The global nitric acid market size was valued at USD 29.8 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.4% from 2023 to 2030 due to increasing demand for the product from fertilizers formulators and by rising consumption of fertilizers in agrarian economies of the world.

 Top 5 nitric acid-producing countries - 

• China

• United States

• Russia

• Belgium

• Germany

top 10 nitric acid manufacturing companies - 

• Yara International ASA (Norway) :  Yara aims to become climate-neutral and grow a nature-positive food future. We are cutting emissions in our own production, developing tools to cut in-field emissions and protect biodiversity, and contributing to a green shift in shipping and other energy-intensive industries by enabling the hydrogen economy.

• CF Industries Holdings, Inc. (USA) -   At our core, CF Industries is a producer of ammonia. For decades, we have used the Haber-Bosch process to fix atmospheric nitrogen with hydrogen from natural gas to produce anhydrous ammonia (NH3). Up to this point, we have made a business of selling ammonia, and other derivative fertilizer products such as urea and urea ammonium nitrate (UAN), for the nitrogen value of the molecule.  

• BASF SE (USA) -     At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. BASF has successfully partnered India’s progress for over 130 years. 

• EuroChem Group AG (Switzerland) -    We make fertilizers. Our business is driven by the world’s increasing need for food and our objective is simple: to help farmers everywhere improve crop yield and quality.

• OCI Nitrogen (Netherlands) -  We’re a game-changing global leader in nitrogen, methanol and hydrogen, driving forward the decarbonization of the energy-intensive industries that shape, feed and fuel the world. Through our cleaner products and practical solutions we’re making our transport cleaner, products greener and our harvests better.

• DowDuPont Inc.(USA) - Our community of scientists, engineers, visionaries and all of our partners are working every day to turn possibilities into real world answers that help humanity thrive. Explore how DuPont is shaping a better world.

• PotashCorp (now part of Nutrien) (USA) - Nutrien is the world’s largest provider of crop inputs and services, helping to safely and sustainably feed a growing world. We operate a world-class network of production, distribution and retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value for all stakeholders by advancing our key environmental, social and governance priorities.

• LSB Industries, Inc. (USA) - We are a leading North American producer of industrial and agricultural chemicals. We bond the elements of nature to deliver life-changing products. But our most important bond is the one we share with all of our stakeholders. Our formula for success is simple. We do the right thing. We go the extra mile. And we keep our promises. That’s how we create chemistry — because relationships built on chemistry are relationships built to last.

• Hanwha Corporation (South Korea) - Hanwha continues to grow by quickly anticipating and responding to rapidly changing business environments with a balanced business portfolio that includes aerospace, energy & materials,

• UBE Industries, Ltd. (India) - The keywords at UBE are technology, progress and reliability.  These concepts support the group in the creation of new products and applications that provide industry with improved business opportunities. The company's commitment to society is what has driven its development over the years and UBE is now a supplier to a wide range of industrial products.

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