Supply of HCl fell substantially in Q3 2020 in the Americas as manufacturers reduced production rates due to a major slump in demand of other Chlor-Alkali products. During the quarter ending September, acid demand from the oil and gas industries was pressured due to restricted use in the applications of hydraulic and fracturing process as the auto industry slowly began to revive from the pandemic blows. HCl contracts registered marked QoQ fall, weighed under the limited requirement of the car fuel and undue delays in the start of steel industries after coronavirus-led restrictions and seasonal storms triggered trade disruptions.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Hydrochloric acid are analyzed and region-wise demand pattern is tracked.
Hydrochloric acid (HCl) is a colorless inorganic chemical with pungent smell. It can be produced by the combination of Hydrogen and Chlorine. Hydrochloric acid is also obtained as a by-product from chemical processes like production of vinyl chloride monomer (VCM), ethane, chlorinated methane. It is also used in steel industries for the operations in pickling unit wherein it is used for removing the impurities like carbon and rust. HCl is also consumed for acidizing petroleum wells, ore reduction and ore refining in the production of tin and tantalum, aluminum etching and for various metal processes. It is also used in the production of food and related product processes including the production of calcium chloride which is further used as a stabilizer in food industries. HCl finds key usage in household products for cleaning purposes. Commercially, HCl can be directly produced by the electrolysis of salt solution. In the chlor-alkali industry, this process produces Chlorine, Caustic Soda and Hydrogen. The pure chlorine gas can then be recombined with the hydrogen gas, forming chemically pure hydrogen chloride gas, which is then dissolved in demineralized water, to form chemically pure HCl.