H Acid Prices

H Acid Prices December 2023

The H acid prices in the United States for Q4 2023 reached 4830 USD/MT in December. During Q4 2023, the North America H Acid market exhibited varied trends. Factors such as rising consumption from end use dye intermediate industries and limited stock availability contributed to rising prices. Although feedstock prices like sulphuric acid and naphthalene dropped, ammonia prices rose, impacting the market differently. The overall demand for H Acid was strong due to the needs of the dye intermediate sector, fostering a positive market sentiment.

The price trend for H acid in South Korea for Q4 2023, reached 4710 USD/MT in December. The South Korean market, notably, faced considerable price fluctuations due to supply-demand imbalances. Initially, limited stock and robust domestic demand pushed prices up. However, by the latter half of the quarter, demand weakened, thereby contributing to a price decrease as producers adjusted their output to reflect lower market interest. These factors resulted in a dynamic yet ultimately moderated market landscape by the end of the period.

The price trend for H acid in Belgium for Q4 2023, reached 4830 USD/MT in December. Belgium, in specific, witnessed inflationary pressures with the Consumer Price Index rising, which, along with a stronger Euro, affected pricing dynamics. Despite some shipping delays on account of geopolitical issues, the market softened during the last month of the quarter led by the reduced downstream demand and ample stock levels. Europe experienced a bearish trend, on account of the high inventories and lower costs of operation, causing a downturn in H Acid prices toward the end.

H Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “H Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of H acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of H acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of H acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing H acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

H Acid Market Analysis

The global H acid market size reached 218 Thousands Tonnes in 2023. By 2032, IMARC Group expects the market to reach 304.9 Thousands Tonnes, at a projected CAGR of 3.80% during 2023-2032.

• The global H acid market is experiencing significant growth primarily driven by the gradual growth of the textile industry. For example, the domestic apparel and textile industry in India contributes approximately 2.3% to the country's Gross Domestic Product (GDP), 13% to industrial production and 12% to exports. India has a 4% share of global trade in textiles and apparel. In addition to this, India is one of the largest producers of cotton and jute in the world and also the second largest producer of silk. 95% of hand-woven fabric comes from India. India is expected to achieve two $50 billion textile production and $100 billion in exports by 2030. The growth in the textile industry underpins the growing demand for fabric dyes thereby propelling the H acid market growth.
• India and China are one of the leading textile producers across the world, significantly influencing the H acid market due to its incorporation in fabric dyes. Increased economic activity boosts textile production for both local consumption and exports, escalating the market demand for H acid as a key dye intermediate. This demand is fueled by the need for diverse and quality dyes in the global textile industry, hence propelling the market growth.
• The growing fashion industry's fast-paced environment demands rapid production cycles and a diverse array of vibrant colors which directly impacts the demand for H acid, which is a key component in the manufacturing of azo dyes. Fashion is one of the world’s most important industries, driving a significant part of the global economy. It is one of the key value-creating industries for the world economy. If it were ranked alongside individual countries’ GDP the global fashion industry would represent the seventh-largest economy in the world, stated McKinsey in its State of Fashion 2017 report. In addition to this, according to Euromonitor, the global apparel and footwear industry grew by 18.1% at current prices in 2020-2021, to $1.71 billion in market size in 2021.

H Acid News

The report covers the latest developments, updates, and trends impacting the global H acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in H acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the H acid price trend.

Latest developments in the H acid industry:

• In August 2022, Allergan Healthcare India Private Limited, Bangalore announced the launch of Juvéderm VOLUX in India under its business unit of allergen aesthetics. According to the company’s press statement, Allergen Aesthetics obtained all the necessary approvals from the Central Drug Standards Control Organization (CDSCO) office before launching this product in India.
• In November 2023, Anika Therapeutics, Inc., a global joint preservation company focused on early intervention orthopedics, announced that the first surgeries using the Integrity Impact System were successfully performed by Dr. Christopher Baker at the Florida Orthopaedic Institute in Tampa, FL.

Product Description

H acid, generally known as 1-Amino-8-Naphthol-3,6-Disulfonic Acid is an organic compound with the molecular formula C10H9NO7S2. H acid is also known as 4-amino-5-hydroxynaphthalene-2,7-disulphonic acid and it is mainly used in the production of azo dyes which are widely used in the textile industry because of their wide range in color variety and its stability. H acid is a compound that is generally utilized in the textile industry to produce vibrant and complex dye colors for fabrics. The production and use of H acid are significant in various regions with substantial textile manufacturing mainly in countries like India and China. However, the environmental impact of its production, notably water pollution and toxicity require careful management and adherence to the environmental regulations.

Regional Coverage

The report provides a detailed analysis of the H acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the H acid price trend. 

Global H Acid Price

The report offers a holistic view of the global H acid pricing trends in the form of H acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into H acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into H acid price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed H acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe H Acid Price

The Europe H acid market during Q4 2023 saw varying factors affecting pricing. Initially, increasing product consumption from limited inventories and dye intermediate producers led to a bullish market stance. Increased costs of feedstocks like ammonia and sulphuric acid raised production expenses, while naphthalene prices moved in the opposite direction, complicating the cost structure. Belgium, in specific, witnessed inflationary pressures with the Consumer Price Index rising, which, along with a stronger Euro, affected pricing. Despite some shipping delays on account of geopolitical issues, the market softened in December on account of the reduced downstream demand and ample stock levels. Overall, Europe experienced a bearish trend, led by high inventories and lower operational costs, causing a downturn in H acid prices by quarter end.

This analysis can be extended to include detailed H acid price information for a comprehensive list of countries.

North America H Acid Price

During Q4 2023, the industry exhibited mixed trends, such as growing consumption from dye intermediate companies and limited stock availability, thus contributing to rising prices. With decline in the feedstock prices of sulphuric acid and naphthalene, ammonia prices increased, thereby impacting the market differently. The overall product demand was strong due to the needs of the dye intermediate sector, fostering a positive market growth. However, fluctuations occurred when minimal demand from these downstream sectors, combined with adequate inventory levels, caused a dip in prices. The US market, in particular, experienced notable price changes, primarily driven by low demand and excess supply, resulting in bearish market sentiment. No plant shutdowns occurred during this period, and trade between China and the USA was limited.

Specific H acid historical data within the United States and Canada can also be provided.

Middle East and Africa H Acid Price

The report explores the H acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on H acid prices for countries can also be provided.

Asia Pacific H Acid Price

Across Asia Pacific, the market for H acid showed varied trends in Q4 2023. The rising product adoption from dye intermediate sectors, which strained supply levels and led to a price increase majorly affected the market. Elevated costs of ammonia and sulphuric acid as a raw material further boosted operating expenses for producers. The South Korea market, notably, faced considerable price fluctuations on account of supply-demand imbalances. Initially, limited stock and robust domestic demand pushed prices up. However, by the latter half of the quarter, demand weakened, leading to a price decrease as producers adjusted their output to reflect lower market interest. These factors resulted in a dynamic yet ultimately moderated market landscape by the quarter's end.

This H acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America H Acid Price

The analysis of H acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of H acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting H acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The H acid price charts ensure our clients remain at the forefront of the industry.