Current Trends to Lead Global H Acid Market to USD 755.7 Mn by 2026

The global H Acid market was valued at US$ 594 million in 2019 and it is expected to reach US$ 755.7 million by the end of 2026, growing at a CAGR of 3.5% during 2021-2026.

H acid, 1-amino-8-naphthol 3, 6-disulphonic acid, is a crystalline or paste, slightly soluble in cold water, soluble in alkaline solutions such as soda ash and caustic soda.It is a key intermediate in the production of reactive dyes.H acid is mainly used for the production of acid, direct and reactive dyes, such as acid fuchsin 6B, acid red G, acid black 10B, direct black, reactive brilliant red k-2bp, reactive purple k-3r, reactive soluble blue k-r and more than 90 kinds, these dyes are used for wool spinning, cotton fabric dyeing.H acid plays a key role in the production of reactive dyes.Under the influence of increasingly stringent environmental protection requirements in China, many H acid enterprises in China have stopped production or maintained low operating rate. The representative enterprises are chuyuan group and jihua group, which are the leading H acid enterprises in China and have been greatly impacted.On the other hand, it is also because of the backward domestic production technology.Catalytic hydrogenation is a continuous production process, and as a representative of advanced technology, its sewage discharge is greatly reduced. The traditional process is intermittent iron powder reduction process, and the vast majority of H acid enterprises in China are still in use.However, to upgrade the process needs to invest a lot of money, which is also the current difficulties faced by enterprises.Currently, global H acid production bases are mainly concentrated in China and India, with an annual capacity of about 180,000 tons in China and 40,000 tons in India in 2018.The production areas of H acid in China are mainly hubei, jiangsu and shandong.India is mainly distributed in gujarat and maharashtra.Europe, America, Japan and South Korea have already shut down or shifted the industry.The whole dyestuffs industry in China is in the stage of industrial upgrading and industry reshuffle, a large number of small and medium-sized enterprises are gradually being eliminated, and the backward process is also being replaced by the new process, so this stage is likely to lead to a short period of market supply imbalance, and then cause the market price volatility.The H acid price in China reached a peak of 50 yuan/kg in 2014, and then gradually fell to 34 yuan/kg in 2018.

Global H Acid Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global H Acid Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Chuyuan Hi-Tech Group Co.,Ltd, Zhejiang Jihua Co.,Ltd, Zhejiang Runtu Co.,Ltd, Zhejiang Longsheng Group Co.,Ltd, Shandong Yuyuan Group Co.,Ltd., Wudi Keyi, Kiri Industries Limited, Bodal Chemicals, Bhageria Industries, SPCL, Shree Hari Chemicals and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-h-acid-market-research-report

Segment by Type

  • Powdery
  • Paste

Segment by Application

  • Reactive Dyes
  • Other

Table of Content:

1 H Acid Market Overview

2 H Acid Market Competition by Manufacturers

3 H Acid Retrospective Market Scenario by Region

4 Global H Acid Historic Market Analysis by Type

5 Global H Acid Historic Market Analysis by Application

6 Key Companies Profiled

7 H Acid Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 H Acid Market Dynamics

10 Global H Acid Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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