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Learn about nitric acid , a strong, corrosive, and versatile acid that is widely used in the chemical industry. Find out how it is prepared, what its physical and chemical properties are, and what are its applications and hazards. Nitric acid , colorless, fuming, and highly corrosive liquid that is a common laboratory reagent and an important industrial chemical for the manufacture of fertilizers and explosives. It is toxic and can cause severe burns. Learn more about the properties and uses of nitric acid in this article. Nitric acid is an inorganic compound with the formula H N O 3. It is a highly corrosive mineral acid . [6] The compound is colorless, but samples tend to acquire a yellow cast over time due to decomposition into oxides of nitrogen. Most commercially available nitric acid has a concentration of 68% in water. When the solution contains more than 86% HNO3, it is referred to as fuming nitric acid . Depending on the amount of nitrogen dioxide present, fuming nitric acid is further characterized as ... Learn about the physical and chemical properties of nitric acid , a highly potent acid and oxidizing agent. Find out how it is produced, how it reacts with bases, metals, and carbonates, and what are its applications in industry and chemistry.