The supply of Sulphuric acid was tight in Q3 due to the outbreak of Hurricane Laura in the region, which caused temporary disruptions in the US’ power supply. Kennecott, one of the largest producers of Sulphuric Acid via smelter route reported decline in the Sulphuric Acid production due to disruptions in the power supply. Many other manufacturing facilities were heard announcing temporary closures at their units, exacerbating the supply constraints. Some units were not able to resume the production until the end of September thus creating a significant demand-supply gap.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
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 Sulphuric Acid are analyzed and region-wise demand pattern is tracked.
Sulphuric acid (denoted by formula H2SO4) is one of the most important compounds for the chemical industry. It is a diprotic acid and possesses the property of being highly corrosive mineral acid. It is a colorless and water-soluble acid and has a pungent smell. Sulphuric acid is manufactured by different methods such as contact process & smelter byproduct route. Sulphuric acid finds several applications in different industries and industrial processes due to its strong oxidizing and dehydrating properties. Major applications of Sulphuric acid are in the manufacturing of phosphate fertilizers, metal processing, to produce phosphoric acid, wastewater treatment, mineral processing, as a cleaning agent and for the synthesis of various other chemicals, etc. Purity of commercial grade Sulphuric Acid is around 98.4% while in battery grade, purity ranges above 98% and goes till 99.9%. Battery grade Sulphuric acid is also known as distilled Sulphur with less iron residues in it. Commercial grade finds its application in various industries such as fertilizers, explosives, fluorine derivatives, pulp, dyes & dyes intermediates, LABSA production and water treatment, amongst many others.