Sulfuric Acid Market Analysis, Dynamics, Market Manufacturers Expected to Grow Up to 2028

The market for Sulfuric Acid is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Sulfuric Acid Market: Expanding Agriculture Sector in Emerging Economies Slated to Uplift Fertilizer Industry: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the Sulfuric Acid sector is highlighted in the report which indicates a prosperous future.

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Leading suppliers of sulfuric acid are channelizing efforts towards developing partnerships with end users, such as fertilizer manufacturers, in order to better address the demand and specific requirements. A majority of the global sulfuric acid output is obtained as a by-product from refining of mining minerals. Efforts are being put on the part of mining companies towards improving efficiency to increase production as well as reduce the overall operational cost and increasing profitability during the times of lower selling prices.

At present, Canada is one of the major exporters of sulfuric acid to the United States. Globally, oil and gas are prominent sources used for the production of sulfuric acid, which are mainly supplied by the Middle East region. The growing demand for sulfuric acid and increasing production in Middle East region by key players will lead to stiff competition in the domestic market. This intense competition between key players is expected to pose significant challenges in the domestic sulfuric acid market in North America.

Chemicals and fertilizers is expected to stay on the vanguard in terms of use of sulfuric acid

Canada and the U.S. are the third and seventh largest consumers of crop nutrients in the world. In 2014, total arable land in the U.S. and Canada was over 380 million acres and 113 million acres, respectively. According to the Food and Agriculture Organization of the United Nations, the consumption of fertilizers in North America increased from 23.9 Mn MT to 25.2 Mn MT between 2014 and 2015. North America is the largest consumer of fertilizers. Thus, any increase in the consumption of fertilizers is, in turn, expected to drive the demand for sulfuric acid over the forecast period. The case is similar with Latin America, in Brazil and Argentina where the agricultural land is available in plenty. The use of fertilizers has also taken a significant surge in the region. Thereby, fertilizer manufacturers are channelizing efforts to cater to the increasing demand for phosphate fertilizers, which, in turn, has resulted in an increase in the demand for sulfuric acid. This is subsequently expected to drive the growth of the sulfuric acid market over the forecast period.

Metal processing industry to closely trail chemicals and fertilizers industry in terms of use of sulfuric acid

In APEJ or Asia Pacific excluding Japan, China dominates the copper and zinc metal markets in terms of production. For instance, in 2015, production of copper in China was around 1.7 Mn MT whereas zinc was around 4.3 Mn MT through mines. High production capacity of copper and zinc metal in the APEJ region coupled with rising demand from end-use industries is, in turn, expected to lead to an increase in production through the mining of these metals. Production of metals from their ores requires significant amounts of sulfuric acid, which is consequently expected to drive the demand for sulfuric acid. Owing to the aforesaid factors, the demand for sulfuric acid is expected to increase exponentially over the coming years across the globe. Other end-use industries are also increasing their consumption of sulfuric acid owing to its versatile characteristics.

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Table Of Content

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune

Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. About FMI
Sulfuric Acid Market Background
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Restraints
3.3.3. Trends
3.4. Value Chain Analysis
3.5. Forecast Factors Relevance & Impact

To be continue….

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This release was published on openPR.