H1 2023: In the first half of 2023, the Nitrosylsulfuric Acid market in the Asia Pacific region witnessed mixed prices. The price trend of Nitrosylsulfuric Acid exhibited bearish sentiments in the Indian market till May 2023. At the onset of the 1st Quarter of 2023, prices experienced a decline attributed to reduced upstream costs. The next month, i.e., February, prices in India saw a decrease as a consequence of continuous declined demand from downstream dye intermediate industry and were also observed March. However, in the end of May 2023, there was an uptick in prices in India, driven by increased consumption. The prices experienced a decline in the Indian market by the decrease in demand from downstream industries, particularly in dye intermediates. The constrained availability of feedstock resources exerted pressure on costs, prompting an increase in the overall production expenses. This surge in feedstock costs, being a fundamental component of the production process, naturally translated into higher prices for PPD to maintain profitability. The sustained increase in prices was further justified by the continuous support from upstream sources, reinforcing the overall cost structure. Elevated feedstock prices, combined with the backing from upstream elements, created a sustained upward momentum in pricing.
The global Nitrosylsulfuric Acid market stood at approximately 350 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4% during the forecast period until 2032.
Nitrosylsulfuric acid, commonly known as oleum or fuming sulfuric acid, serves diverse purposes across multiple industries. One primary application lies in its role as a nitrating agent, facilitating the introduction of nitro groups into organic compounds. This is pivotal in the synthesis of explosives, dyes, and pharmaceuticals. Additionally, oleum acts as a sulfonating agent, enabling the incorporation of sulfonic acid groups into organic molecules, a crucial step in the production of detergents, dyes, and pharmaceuticals. Its catalytic properties make it valuable in organic synthesis reactions, enhancing reaction rates and overall efficiency. Furthermore, nitrosylsulfuric acid functions as a potent dehydrating agent, finding utility in processes where the removal of water is essential, contributing to the synthesis of various chemicals. In analytical chemistry, it plays a role in specific tests and reactions, although its corrosive nature necessitates careful handling. Nitrosylsulfuric acid finds application in organic chemistry for the synthesis of diazonium salts from amines, as demonstrated in processes like the Sandmeyer reaction. While Nitrosylsulfuric Acid demonstrates versatility in various applications, its market size is likely to expand in the coming years and is anticipated to reach roughly 520 thousand tonnes by 2032.
Based on region, Asia Pacific region is the largest consumer of Nitrosylsulfuric Acid and is likely to to maintain its status as the largest consumer of Nitrosylsulfuric Acid. The Asia Pacific region is set to sustain its position as the primary consumer of Nitrosylsulfuric Acid, driven by its pivotal role in the thriving chemical manufacturing landscape. With the region being a key hub for pharmaceuticals, dyes, and other chemical-intensive industries, the demand for Nitrosylsulfuric Acid remains robust. The region's rapid industrialization, ongoing urbanization, and continued emphasis on infrastructure projects contribute to the steady growth of chemical applications. Nitrosylsulfuric Acid's diverse uses, ranging from catalysis in organic synthesis to its involvement in explosives manufacturing and detergents production, align seamlessly with the multifaceted needs of the evolving industrial sectors in the Asia Pacific.
Based on the end-user industry, the global Nitrosylsulfuric Acid market is divided into Dyes Intermediate, Pharmaceuticals, Chemical Intermediates, and Others. Among these, Dyes Intermediate industry dominates the global Nitrosylsulfuric Acid market.
Major players in the Global Nitrosylsulfuric Acid market are Deepak Nitrite, Runtu Chemicals, Longsheng, Changshan Lisheng New Material, Hangzhou Jingyou Chemical, Lonza, and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Nitrosylsulfuric Acid which covers production, demand and supply of Nitrosylsulfuric Acid market in the globe.
• To analyse and forecast the market size of Nitrosylsulfuric Acid
• To classify and forecast Global Nitrosylsulfuric Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Nitrosylsulfuric Acid market in the globe.
To extract data for Global Nitrosylsulfuric Acid market, primary research surveys were conducted with Nitrosylsulfuric Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Nitrosylsulfuric Acid market over the coming years.
ChemAnalyst calculated Nitrosylsulfuric Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Nitrosylsulfuric Acid. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Nitrosylsulfuric Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Nitrosylsulfuric Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Nitrosylsulfuric Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Nitrosylsulfuric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
350 thousand tonnes
Market size Volume in 2032
520 thousand tonnes
Growth Rate
CAGR of 4% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historical Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Dyes Intermediate, Pharmaceuticals, Chemical Intermediates, and, Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
Market Data & Insights
Investigative News
Clients & Testimonials
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Nitrosylsulfuric Acid in terms of volume in 2022?
Ans:
The global market size of Nitrosylsulfuric Acid had reached approximately 350 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Nitrosylsulfuric Acid?
Ans:
Asia Pacific region is the leading consumer of Nitrosylsulfuric Acid globally.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.