Sulfuric Acid Market 2020 Growth Potential, Key Trends, Emerging Scope and Forecast 2026 | The Mosaic Company, Potashcorp, Phosagro, BASF SE, Akzonobel N.V, Du Pont De Nemours and Company
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Market Analysis: Global Sulfuric Acid Market
Global sulfuric acid market is expected to rise to an estimated value of USD 12.9 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. The rise in the market value can be attributed to the extensive use of sulfuric acid, rapid industrialization and increase in the production of nutrient-rich food crops.
Key Market Competitors:
Few of the major competitors currently working in the sulfuric acid market are The Mosaic Company, Potashcorp, Groupe Chimique Tunisien Sa, Maaden - Saudi Arabian Mining Company, OCP Group, Phosagro, BASF SE, Chemtrade Logistics Income Fund, Akzonobel N.V., E. I. Du Pont De Nemours and Company, Ineos Enterprises, Limited, PVS Chemicals, Inc., Aurubis, Agrium Inc., Norfalco, Gulf Fluor, Oxbow Carbon LLC, KMG Chemicals Inc, Eurochem, ECO Services, Reagent, Atul Ltd. and others.
Market Definition: Global Sulfuric Acid Market
Sulfuric acid is highly soluble in water and is known to be extremely corrosive. It is one of the most widely consumed and produced bulk chemical worldwide. Sulfuric acid is used in a wide range of domestic and industrial applications. There is a growing demand for sulfuric acid in pulp & paper activity, automotive, textile industry, petroleum refining, metal processing, chemical manufacturing, fertilizers, which is expected to drive the market in the forecast period.
o Steady and sustainable demand for sulfuric acid due to its diversified applications; this factor will drive the market in the forecast period
o Growing demand for sulfur based fertilizers will also drive the market in near future
o Rising demand for sulfuric acid in the oil & gas industry and in waste water treatment; this factor will also propel the market
o Increase in the production of nutrient-rich food crops will also help the market to grow in future
o Strict environmental regulations due to toxic effects of sulfuric acid; this factor will hamper the market to grow in near future
o Weaker sales due to surplus in the market, will act as a restraint for the market growth
o Volatility in Raw Material Prices will also restrain the market in near future
Segmentation: Global Sulfuric Acid Market
By Raw Material
o Elemental Sulfur
o Base Metal Smelters
o Pyrite Ore
By Manufacturing Process
o Lead Chamber Process
o Contact Process
o Wet Sulfuric
o Acid Process
o Chemical Manufacturing
o Metal Processing
o Petroleum Refining
o Textile Industry
o Pulp & Paper
Key Developments in the Market:
o In February 2017, Mitsui & Co., Ltd. acquired Chemtrade Aglobis AG, a wholly owned subsidiary of Chemtrade Logistics Inc. Chemtrade Aglobis AG is a leading distributor of sulfuric acid and sulphur. The acquisitions will help the company to expand their business in the European region and also it will help them to penetrate more into this market
o In September 2016, Jacobs Engineering Group Inc. acquired the patented rights for BAYQIK and other related technologies, from Bayer AG. BAYQIK is a quasi-isothermal technology that that helps in converting sulfuric acid. As per the agreement, Bayer AG will be submitting all their commercial, market and technical information related to the technology to Jacobs Engineering Group. The acquisition will help the company to grow in this market
Table Of Contents: Global Sulfuric Acid Market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Browse TOC with selected illustrations and example pages of Global Sulfuric Acid Market @ https://www.databridgemarketresearch.com/toc/?dbmr=sulfuric-acid-market
Competitive Analysis: Global Sulfuric Acid Market
Global Sulfuric Acid Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global Sulfuric Acid Market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Questions Answered in This Report
What will the Global Sulfuric Acid Market size be in 2025 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
Key reason to Purchase the report
To describe and forecast the Global Sulfuric Acid Market, in terms of value, by process, product type, and industry.
To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the Global Sulfuric Acid Market growth
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various trocars across geographies.
To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the overall market
Customization of the Report
The report includes the complete segmentation displayed above across all above mentioned countries
All products covered in the Global Sulfuric Acid Market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization
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Key focus of the report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward-looking perspective on different factors driving or restraining market growth
It provides five-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
Opportunities in the Global Sulfuric Acid Market report
1.Comprehensive quantitative analysis of the industry is provided for the period of 2016-2023 to assist stakeholders to capitalize on the prevailing market opportunities.
2.Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
3.Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across regional.
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