According to a new report published by Reports Monitor titled, “Global Sulfuric Acid, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Sulfuric Acid market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Sulfuric acid is a strong corrosive acid, which becomes very easily with water. Market for Sulfuric acid is growing significantly due increasing application in various industries such as detergent, drugs, dyes, pigments, explosives and fertilizers.
Growing concerns about excellent food quality from agricultural sector and high crop yield are projected to propel chemical market growth, which, in turn, is anticipated to trigger acid market. Increasing requirement for the product from various industries such as chemical industry, fertilizers, paper and pulp, metal processing, automotive industries and petroleum refinery to be used as a catalyst, dehydrating agent, is expected to add on to the market growth.
This report provides a detailed analysis of sulfuric acid, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global sulfuric acid market is majorly segmented on the basis of type and application. Based on type the global sulfuric acid market is bifurcated into elemental sulfur, base metal smelters, pyrite ore, From oil and petroleum refineries while based on application it is segmented into fertilizers, chemical manufacturing, metal processing, petroleum refining, textile industry, automotive, pulp and paper, waste water treatment, industrial cleaning agent, drugs and medicines, electronics industry.
The global sulfuric acid market is majorly studied across four regions: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). The global sulfuric acid market is a major market in Europe and North America region. In Asia-Pacific region China is expected to hold the major market share owing to raw material is used for producing sulfuric acid. Further, Asia Pacific is anticipated to witness a significantly growing mainly due to the increased adoption of cloud services in the countries such as China, India and Japan.
The major key players operating in the market are: The The Mosaic company, PotashCorp, Groupe chimique tunisien, maaden - Saudi Arabian Mining company and OCP group, PVS chemicals, Aurubis, Chemtrade logistics income fund, BASF SE , DuPont, INEOS enterprises, Agrium Inc.
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