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Sulfuric Acid Market | Key players operating in the market includes The Mosaic Company, BASF SE, OCP Group, Chemtrade Logistics Income Fund, Nouryon

03-27-2023 10:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Sulfuric Acid Market

Sulfuric Acid Market

The global Sulfuric Acid Market is projected to grow from USD 13.2 billion in 2020 to USD 28.5 billion by 2027, at a CAGR of 11.7% during the forecast period. Sulfuric acid is primarily used in metal ore leaching, fertilizer manufacturing, oil refining, wastewater processing, and chemical synthesis.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/sulphuric-acid-market-1065.html

Browse 216 market data Tables and 34 Figures spread through 196 Pages and in-depth TOC on "Sulfuric Acid Market".

The elemental sulfur segment is expected to hold the largest share of the sulfuric acid market, during the forecast period.

The elemental sulfur segment is expected to lead the sulfuric acid market during the forecast period by volume. Elemental sulfur is the major feedstock used for the production of sulfuric acid. Elemental sulfur is one of the widely used raw material in the production of sulfuric acid and with the growing demand for sulfuric acid the segment is expected to grow.

The chemical manufacturing segment, by application, is expected to account for the second largest market during the forecast period

Based on application, the sulfuric acid is classified into fertilizers, metal processing, pulp & paper, petroleum refining, textile industry, automotive, chemical manufacturing, and others. Sulfuric acid is used in the manufacturing process of many well-known chemicals, including hydrochloric acid, nitric acid, phosphoric acid, and many other industrial chemicals. It is also used in the manufacturing of hydrofluoric acid and phenol with propanone, all of which are used in many industries. Thus, usage of sulfuric acid in the production of wide range of chemical is expected to drive the market.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1065               

Asia Pacific region is expected to be the largest and fastest growing sulfuric acid market

Asia Pacific is expected to lead the sulfuric acid market during the forecast period by value. This demand can be attributed to the high growth in emerging economies such as China and India, sthat has made Asia Pacific a huge market for sulfuric acid. China is one of the largest markets for sulfuric acid across the globe and is expected to contribute a major portion to the overall regional demand for sulfuric acid during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1065

Some of the leading players in this market include The Mosaic Company (US), BASF SE (Germany), OCP Group (Morocco), Chemtrade Logistics Income Fund (Canada), and Nouryon (Netherlands) among others.

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