Picric acid, also known as TNT i.e. tri nitro phenol, is mainly used for manufacturing explosives, medicines, and dyes. Picric acid in its pure form and also in its metallic structure form can be used as an explosive. It is used as a booster for other explosives and rocket fuels. In the healthcare industry, it is used to cure mental exhaustion, spinal cord degenerative condition, burn out or exhaustion, and also hackneyed minds. Dyes in which picric acid are used are highly preferred in the textile industry. Final products in which dyes being used are plastic, paint, printing ink, rubber, cosmetics, etc.
Picric acid is generally stored in an environment with 10% moisture content. This is due to the fact that it explodes when it comes in contact with metal surface since it is usually stored in metal containers. In heating conditions, it forms toxic oxides of carbon and nitrogen, which are hazardous to the human body. According to ACGIH, if picric acid is ingested or inhaled by any person in quantities more than 1-2gms, it may lead to severe poisoning. It is a strong acid among all derivative acids of phenol. However, it is also corrosive and strong irritant.
Picric Acid Market Taxonomy
On the basis of type, the picric acid market is classified into:
On the basis of end-user industry, the picric acid market is classified into:
Dry and dehydrated picric acid is odorless and yellow colored crystals. It is highly unstable and is used as a high powered explosive. Wet picric acid is slightly less reactive but is unstable and is used in other end-use industries.
The pyrotechnic ability of picric acid allows it to be utilized in explosives. Also, the antiseptic and astringent properties make it a crucial part of pharmaceutical industry. It is also used in the textile industry, as a yellow dye. Moreover, its toxic nature is an advantage while in the form of pesticide. Picric acid finds significant application as an etching agent of magnesium alloys as well.
Picric Acid Market Outlook
Some of the key companies identified across the value chain of global picric acid market are Chemtura, Innospec, BASF, Shell, DOW, GE, Nalco, Afton, Baker Hughes, Chemours, and Biobor.