Nitric Acid Production Cost Analysis 2021

Nitric acid is better known as aqua fortis and spirit of niter. It is a highly corrosive mineral acid. In appearance, the pure compound is colourless, but older samples tend to acquire a yellow cast due to the decomposition of oxides of nitrogen and water. Samples of the nitric acid that are available in the industries have a concentration of 68% in water. The molecular weight of nitric acid is about 63.013 g/mol. It is also known as  hydrogen nitrate, azotic acid, and salpetersaeure.

Nitric acid is used as the primary reagent for nitration, which is the process of adding a nitro group to an organic molecule. It is utilised as a strong oxidising agent. It is widely used in the manufacturing of fertilisers. Nitric acid is neutralised with ammonia to provide ammonium nitrate. Some of the other areas, where nitric acid is used are adhesives and agricultural chemicals.

Procurement Resource provides an in-depth cost analysis of Nitric Acid production. The report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges. The study is based on the latest prices and other economic data available. We also offer additional analysis of the report with detailed breakdown of all cost components (Capital Investment Details, Production Cost Details, Economics for another Plant Location, Dynamic Cost Model).