Sulfuric Acid Market Regulations and Competitive Landscape Outlook to 2019-2025

Sulfuric acid is a mineral acid composed of sulfur, hydrogen, and oxygen and is denoted by the molecular formula H2SO4. It is categorized as a strong mineral acid with high corrosive abilities. The acid is a viscous liquid that is soluble in water, and its color varies from yellow to colorless, depending upon the concentration. The strong mineral mixture depicts varied properties with regards to varied concentrations. The nature of strong acidity enables it to cause corrosion of living tissues and metal surfaces.

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Prevalent Scenario in Global Sulfuric Acid Market

Sulfuric acid is utilized to manufacture phosphoric acid. This phosphoric acid is later employed for the production of phosphate fertilizers including, ammonium phosphates and calcium dihyrogenphosphate. Increasing demand for fertilizers, owing to rising agricultural activities is expected to drive growth of the market over the forecast period. Sulfuric acid is used in manufacturing a number of chemicals including, nitric acid, hydrochloric acid, ammonium sulfate, and aluminum sulfate.

The acid, when at high concentration causes serious damage to human beings and can lead to skin irritation and even permanent blindness. Due to hazardous effects of the strong acidic mixture, it is often subjected to strict governmental regulations. The American Conference of Governmental Industrial Hygienists (ACGIH), has categorized sulfuric acid as a carcinogen.

The U.S. Environmental Protection Agency (EPA), has listed Sulfuric acid as a toxic chemical. The Occupational Safety and Health Administration (OSHA 1998), has laid down guidelines for the permissible exposure limit (PEL), of the Sulfuric acid to 1mg/m3. These regulations govern the use of the strong acidic mixture in end-use applications and also the raw materials utilized to produce it. These stringent regulations coupled with the high raw material prices, are expected to hinder growth of the market over the forecast period.

Fragmented Market

The global market is highly fragmented due to the participation of many established and emerging players in the market. Major players involved in the market include PVS Chemical Solution and Phelps Dodge, CF Industries, The Mosaic, AkzoNobel N.V., Agrium Inc., Rhodia, Langeloth International, Honeywell International, Bayer AG, DuPont de Nemours & Co., Potash Corp (PCS Phosphate), Chevron Corporation, Lucite International, Chemtrade Logistics, Southern States Chemical, Climax Molybdenum Co., Big River Zinc Sauget, Cytec Industries, Tampa Electric, Solvay S.A., Evonik Industries, Chemtrade Refinery Services, BP Valero Energy, and The Doe Run.

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