Industry News

Driven by cost-effectiveness, safety and technological innovations like CTP, LFP batteries saw a 20.6% year-on-year increase in installations in China in 2020, accounting for 38.3% of the market share. Global demand for LFP materials is projected to reach 3.12 million tons by 2025, with robust demand in electric vehicles and energy storage. In production, the solid-phase method holds an 80% market share, while the liquid-phase method (such as the nitric acid route) can reduce dependence on high-priced phosphorus. The lithium manganese iron phosphate (LMFP) technology increases energy density by 10-20%. As a leading nitric acid producer with a 15% domestic market share, Henan Yongchang has deeply integrated into the LFP supply chain by relying on the liquid-phase method and its integrated chemical platform. Its nitric acid business accounts for 30% of its revenue, with enhanced efficiency through by-product synergy.

As a fundamental cornerstone of the chemical industry, nitric acid plays an irreplaceable role across diverse sectors due to its unique physical and chemical properties. From agricultural fertilizer production to defense manufacturing and cutting-edge electronic applications, nitric acid is ubiquitous. With continuous global industrial development and technological innovation, a deep understanding of its properties, specifications, versatile uses, and profound impacts on future industrial trends has become critically important.

Driven by the dual pressures of global food security and carbon neutrality goals, the fertilizer industry is undergoing disruptive changes.

The 25th China International Agrochemical & Crop Protection Exhibition (CAC2025) was held from March 17th to 19th, 2025, at the National Exhibition and Convention Center in Shanghai.