Also known as aqua fortis, nitric acid (HNO3) is a reddish-brown liquid that is corrosive to metals. It is widely employed in the chemical and textile industries to manufacture fertilizers, explosives, inks, pigments, and dyes. Apart from this, it is extensively utilized in cleaning different equipment in the food and beverage (F&B) industry for removing precipitated magnesium and calcium compounds.
The increasing use of fertilizers on account of the surging global population and food demand represents one of the key factors positively influencing the market. Moreover, the expanding application of HNO3 in mining sectors as an explosive agent is propelling the market. Besides this, leading players are focusing on redesigning their distribution and manufacturing networks, which is anticipated to impel the market growth.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the nitric acid manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the nitric acid industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the nitric acid industry.
The following technical and economic aspects are included in the report:
Impact of COVID-19
Mass Balance and Raw Material Requirements
Various Types of Unit Operations Involved
Raw Material Costs
Land and Construction Costs
Key Questions Answered in This Report?
What are the various unit operations involved in manufacturing nitric acid?
What are the raw material requirements and costs in manufacturing nitric acid?
What are the utility requirements and costs in manufacturing nitric acid?
What are the manpower requirements and costs in manufacturing nitric acid?
What are the packaging requirements and costs in manufacturing nitric acid?
What are the transportation requirements and costs in manufacturing nitric acid?
What are the land requirements and costs in manufacturing nitric acid?
What are the construction requirements and costs in manufacturing nitric acid?
What are the profit margins in nitric acid?
What should be the pricing mechanism of nitric acid?
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The report can be customized based on the country/region that you plan to set up your plant.
The manufacturing capacity of the plant can be customized based on your requirements.
Machinery suppliers and costs can be customized based on your requirements.
Any additions to the current scope can also be provided based on your requirements.
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2 Scope and Methodology
2.1 Objectives of the Study
2.3 Research Methodology
3 Executive Summary
4 Global Nitric Acid Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Nitric Acid Price Trends
4.7.2 Product Margins
5 Nitric Acid Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
184.108.40.206 Plant Machinery Costs
220.127.116.11 Auxiliary Equipment Cost
18.104.22.168 Electrical Works and Piping Costs
22.214.171.124 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Nitric Acid Market: Major Drivers and Challenges
Figure 2: Global: Nitric Acid Market: Value Trends (in Million US$), 2016-2021
Figure 3: Global: Nitric Acid Market Forecast: Value Trends (in Million US$), 2022-2027
Figure 4: Global: Nitric Acid Market: Breakup by Segment (in %), 2021
Figure 5: Global: Nitric Acid Market: Breakup by Region (in %), 2021
Figure 6: Nitric Acid: Price Trends, 2016 & 2021
Figure 7: Nitric Acid: Margins Across Various Stages of the Supply Chain
Figure 8: Nitric Acid: Breakup of Costs
Figure 9: Nitric Acid Price Structure
Figure 10: Nitric Acid: Manufacturing Process Flow
Figure 11: Nitric Acid: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Nitric Acid: Raw Material Price Trends, 2016 & 2021
List of Tables
Table 1: Nitric Acid Manufacturing: Raw Material Requirements
Table 2: Nitric Acid Manufacturing: Raw Material Costs
Table 3: Nitric Acid Manufacturing: Electricity Costs
Table 4: Nitric Acid Manufacturing: Steam Costs
Table 5: Nitric Acid Manufacturing: Process Water Costs
Table 6: Nitric Acid Manufacturing: Total Utility Costs
Table 7: Nitric Acid Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Nitric Acid Manufacturing: Packaging Costs
Table 9: Nitric Acid Manufacturing: Transportation Costs
Table 10: Nitric Acid Manufacturing: Sales and Administration Costs
Table 11: Nitric Acid Manufacturing: Total Operating Costs
Table 12: Nitric Acid Manufacturing: Costs Related to Land and Site Development
Table 13: Nitric Acid Manufacturing: Costs Related to Civil Works
Table 14: Nitric Acid Manufacturing: Costs Related to Plant Machinery
Table 15: Nitric Acid Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Nitric Acid Manufacturing: Costs Related to Electrical works and Piping
Table 17: Nitric Acid Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Nitric Acid Manufacturing: Working Capital Requirements
Table 19: Nitric Acid Manufacturing: Total Capital Investment Required
Table 20: Nitric Acid Manufacturing: Total Production Cost
Table 21: Nitric Acid Manufacturing: Raw Material Suppliers
Table 22: Nitric Acid Manufacturing: Machinery Suppliers
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