Nitrosylsulfuric Acid Prices December 2023
Product
|
Category |
Region |
Price |
Nitrosylsulfuric Acid |
Specialty Chemical |
China |
20346 USD/MT (Dec, 23) |
The price of nitrosylsulfuric acid in the China for Q4 2023 reached 20346 USD/MT in December. The prices has been fluctuating, declining initially and increasing in the last month of the quarter. The market trended downwards at the beginning of the quarter before rebounding slightly toward the end. Several factors influenced market prices in India during this period. There was also a moderate to low demand for nitrosylsulfuric acid, which can be attributed to seasonal factors.
Nitrosylsulfuric Acid Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Nitrosylsulfuric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of nitrosylsulfuric 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 nitrosylsulfuric acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of nitrosylsulfuric acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing nitrosylsulfuric 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.
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Nitrosylsulfuric Acid Market Analysis
The global nitrosylsulfuric acid market size reached 364 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 518.1 Thousand Tonnes, at a projected CAGR of 4% during 2023-2032.
- Nitrosylsulfuric acid is a critical intermediate in various chemical synthesis processes, particularly in the production of dyes, pigments, and pharmaceuticals. The growing chemical industry, especially in emerging economies, is driving the demand for nitrosylsulfuric acid. This growth is supported by the rising demand for high-performance chemicals and specialty chemicals across various end-use industries. As per the report published by IMARC GROUP, the global specialty chemicals market size reached US$ 754.6 Billion in 2023. Looking forward, the Group expects the market to reach US$ 1,029.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.
- The pharmaceutical industry utilizes NSA in the synthesis of nitroso compounds, which are key intermediates in the production of pharmaceuticals and active pharmaceutical ingredients (APIs). With the global demand for pharmaceuticals continuing to rise, particularly due to increasing healthcare needs and an aging population, the demand for NSA as a raw material is expected to grow correspondingly. According to DCAT VALUE INSIGHTS, total spending and global demand for medicines will increase over the next five years to approximately $1.9 trillion by 2027. The underlying growth rate of 3-6% in spend will be driven by new drug launches and wider use of recently launched brands. Besides, medicine use, as measured in defined daily doses, grew by 36% over the past decade, driven by increased access to medicines. However, growth is projected to slow through 2027 and reach a total of more than 3.4 trillion doses, up about 8% from the 2022 level.
- NSA is also used in the manufacture of herbicides, pesticides, and insecticides in the agrochemical industry. As agriculture remains a critical sector for ensuring food security and addressing global challenges such as pests and weeds, the demand for agrochemicals and, consequently, NSA is expected to increase. This can be backed by the data published in IMARC GROUP’s research report which states that the global agrochemicals market size reached US$ 288.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 390.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032.
Nitrosylsulfuric Acid News
The report covers the latest developments, updates, and trends impacting the global nitrosylsulfuric 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 nitrosylsulfuric acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the nitrosylsulfuric acid price trend.
Latest developments in the nitrosylsulfuric acid industry:
- In January 2023, Grupa Azoty has launched a new facility for the production of concentrated nitric acid with a design output of 40,000 tonnes per year, doubling its existing capacity. This is a second production line for above 98% concentrated nitric acid now operating in Tarnów. It has brought the Tarnów plant’s total annual capacity for that product to 80,000 tonnes. This has implications for the nitrosylsulfuric acid market due to the interconnected nature of these chemical processes.
Product Description
Nitrosylsulfuric acid (NSA), often called fuming nitric acid or oleum, is a highly corrosive and reactive chemical compound with the formula NOSO3H. It is produced by dissolving nitrogen dioxide (NO2) in concentrated sulfuric acid (H2SO4). The resultant solution comprises nitrosylsulfuric acid, sulfuric acid, and trace amounts of nitrogen oxides. NSA is widely employed as a nitrating agent in a variety of chemical processes, particularly in the synthesis of organic molecules like medicines, dyes, explosives, and agrochemicals. It is prized for its capacity to insert nitroso (NO) functional groups into organic molecules, allowing the synthesis of a diverse spectrum of nitrogen-containing chemicals. Due to its extremely reactive nature and corrosive qualities, NSA should be handled with utmost caution.
Regional Coverage
The report provides a detailed analysis of the nitrosylsulfuric 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 nitrosylsulfuric acid price trend.
Global Nitrosylsulfuric Acid Price
The report offers a holistic view of the global nitrosylsulfuric acid pricing trends in the form of nitrosylsulfuric 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 current price of nitrosylsulfuric acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into 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 nitrosylsulfuric 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 Nitrosylsulfuric Acid Price
European nitrosylsulfuric acid prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed nitrosylsulfuric acid price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Nitrosylsulfuric Acid Price
The analysis of nitrosylsulfuric acid prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific nitrosylsulfuric acid historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Nitrosylsulfuric acid Price
The report explores the nitrosylsulfuric 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 nitrosylsulfuric acid prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Nitrosylsulfuric acid Price
The nitrosylsulfuric acid pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This nitrosylsulfuric acid price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Nitrosylsulfuric acid Price
The analysis of nitrosylsulfuric 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.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Nitrosylsulfuric Acid |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Nitrosylsulfuric Acid Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of nitrosylsulfuric 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 nitrosylsulfuric 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 nitrosylsulfuric acid price charts ensure our clients remain at the forefront of the industry.