QYResearch: The global production of nitric acid reached 42085 K MT by the end of year 2016

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http://www.qyresearchglobal.com/goods-780133.html The global production of nitric acid reached 42085 K MT by the end of year 2016. In the world wide, the top five manufacturers of nitric acid are CF Industries Holdings, Yara, EuroChem, URALCHEM and Orica.

QYResearch: The global production

of nitric acid reached 42085 K

MT by the end of year 2016

●Research Report ● Market Survey and Research ●Industry Analysis

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Nitric acid is poisonous liquid that gives off

choking red or yellow fumes in moist air. It is

a strong oxidizing agent. It ionizes readily in

solution, forming a good conductor of

electricity. It is miscible with water in all

proportions. Nitric acid is a clear to slightly

yellow aqueous solution that has been treated to

remove most free nitrogen oxides. This highly

corrosive intermediate chemical is a strong

mineral acid used in the production of nitrate

based fertilizers, nylon precursors and other

specialty chemicals.

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Nitric acid is poisonous liquid that gives off choking red or yellow fumes in moist air. The

main application of nitric acid is in the production of nitrogen fertilizers. Considerable

quantities are also used in the chemical synthesis of intermediate products in the production

of such things as dyes, drugs, and explosives.

The global production of nitric acid reached 42085 K MT by the end of year 2016. In the world

wide, the top five manufacturers of nitric acid are CF Industries Holdings, Yara, EuroChem,

URALCHEM and Orica.

The manufacturers of nitric acid are concentrated in America, Europe and China. Europe is the

largest consumer in the world, which occupied about 32.65% in 2016.

According to QYRresearch, the country which has the largest consumption volume in the regions

analyzed in our report of nitric acid industry is Europe. Besides, America, China, should

also be focused by the investors. In the future, investors should also pay attention on the

emerging markets. They will become the potential big consumers of nitric acid.

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With the development of nitric acid,

QYResearch tend to believe that this

industry still has a bright future.

As for product prices, the slow

downward trend in recent years will

continue in the next few years, as

competition intensifies. Similarly,

there will be fluctuations in gross

margin.

Full Report Link: http://www.qyresearchglobal.com/goods-780133.html

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