A humic acid is a group of organic compounds formed when high-molecular-mass substances of microbiological, vegetative, and animal origin come together. The substances have multiple properties and high structural complexity. They can be found in soil, natural water, and lignite. Humic acid is a naturally occurring substance found in soil and other natural materials. It's used to restore the soil's nutrient content, which makes it an economical solution for crops. The availability of cheap raw material in the form of lignitic coal, coupled with indigenous production technology, has made humic acid usage very popular among farmers.
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Applications of humic acid
Humic acid is a naturally occurring organic compound found in soil, water, and other natural sources. It has many uses in the modern world, from making plastics to producing diesel fuel. Most of the humic acid used in the industry today is sourced from wood processing plants, but there are also a handful of companies that have developed ways to harvest humic acid from other sources, including sewage treatment plants and animal manure. Under the right conditions, humic acid is the most powerful natural antibiotic known. It’s capable of destroying almost all strains of bacteria, including antibiotic-resistant strains. It achieves this power by binding to and breaking down the cell walls of its targets. This makes it an excellent supplement for treating acute infections, such as strep throat and bronchitis.
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Humic Acid Business Demand in India
It is estimated that over 95% of the world’s humic acids come from decomposing plant and/or animal materials. These materials are naturally rich in humic acid and may also contain carboxylic acids, phenolic acids, simple sugars, and polysaccharides. The processing of these materials produced humic acid, which is a black-brown, water-insoluble material. Humic acid is an important component in the global carbon cycle and is a rich source of nitrogen, phosphorus, and potash.
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The Demand for Humic Acid
The demand for humic acid, or humic matter, has been high in recent years in India. The country imports large amounts of humic acid through the import of tannery residues where it is extracted from organic residues, even though the residues from tannery have high amounts of chromium and chromium compounds, which are not permitted in many countries under the strict regulations of the importing country.
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A total of 4,929,168 kilograms of humic acid was imported by India recently, valued at USD 3,404,733. As far as imports of humic acid are concerned, China accounts for USD 3,134,406 while the United States and Canada export USD 133,216 and USD 67,057, respectively. A total of 49.3% of imports came from the Chennai Sea, followed by 35.4% from the Nhava Sheva Sea and 7.8% from the Kolkata Sea.
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Global Scenario
Global demand for humic acid is set to grow by 12.7% per year to reach USD 143.9 billion by 2019, driven by rapidly growing markets in the Asia-Pacific region, which are expected to surpass the USD 100 billion mark by 2021.
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