Nitric acid, also known by various other names such as Hydrogen nitrate, Aqua fortis, Azotic acid, and Salpetersaeure, is an inorganic chemical having the molecular formula HNO3 and molecular weight 63.012 g/mol. It is either a colorless, yellow or red fuming liquid and has a suffocating odor. It has a boiling point of 181-00b0F at 760 mm Hg or 83-00b0C and melting point of -44-00b0F or -41.6-00b0C. It is soluble in water and has density of 1.5129 g/cu cm at 20-00b0C. The vapor pressure of Nitric acid is 63.1 mm Hg at 25-00b0C. It is unstable and decomposes when exposed to light, water, heat, oxygen, and nitrogen dioxide. Nitric acid is most commonly prepared by oxidizing ammonia using the Ostwald process. Meanwhile, smaller quantities of Nitric acid are produced by treating sodium nitrate with sulfuric acid.

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Nitric acid is most commonly available with concentration of 52% to 68% in water. It is called as the commercial grade Nitric acid. A more concentrated solution, at 86% is also available. It is called the fuming nitric acid.
The Nitric acid market has expanded at consistent rate during the last few years owing to its use in manufacturing fertilizers. This use is also the major driver of the market. On the other hand, Nitric acid is harmful to humans and the environment. Exposure to Nitric acid can cause eye damage, severe skin burns, chronic bronchitis, and chemical pneumonitis. In fact, there are even concerns of groundwater getting contaminated with nitrate from ammonium nitrate fertilizers. As a result, governments have imposed strict regulations on the use of Nitric acid. These concerns regarding Nitric acid and regulations on its use act as a restraint on the market.

Top Key Players:-
• Yara International ASA
• CF Industries Holdings Inc.
• Deepak Fertilizers and Petrochemicals Corporation Limited
• BASF SE
• Trammo Nitrogen Products Inc.
• Sasol Limited, Borealis AG
• Omnia Group
• Qingdao Hisea Chem Co. Ltd.
• Kemcore

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Global Nitric Acid Market Analysis and Forecasts to 2018-25 can be segmented into application, end user, and region. Based on application, the market can be categorized into intermediate and oxidizing agent. The majority use of Nitric acid is in the form of an intermediate for producing fertilizers. It is also used to manufacture variety of dyes, polyamides, and polyurethanes.

The report provides forecast and analysis of the global Nitric acid market. It provides market overview of global Nitric acid market in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends, and opportunity of the Nitric acid market and their impact on each country during the forecast period.

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