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Surfuric Acid Market To Flourish With an Impressive CAGR Of More Than 8% During The Forecast Period 2023-2032: Aurubis AG, PVS Chemicals Inc., Seastar Chemicals, KMG Chemicals Inc
Surfuric Acid Market
Surfuric Acid Market Size, Growth Rate, And Forecast
The global surfuric acid market size is expected to grow from $13.53 billion in 2022 to $14.80 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The surfuric acid market size is expected to reach $20.73 billion in 2027 at a CAGR of 8.7%.
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Surfuric Acid Market Drivers
The rapid acceptance of electric vehicles is expected to propel the growth of the surfuric acid market going forward. An electric vehicle refers to a form of transportation that runs on electricity. Electric cars and trucks use an electric motor powered by electricity from batteries or a fuel cell, as opposed to traditional vehicles that use a gasoline (petrol) or diesel-powered engine. surfuric acid is used in producing lead acid batteries, primarily for automobiles and electric vehicles, that leads to an increasing demand for surfuric acid.
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Surfuric Acid Market Segments
• By Raw Material Type: Elemental Sulfur, Pyrite Ore, Base Metal Smelters, Other Raw Material Types
• By Form Type: Concentrated, Tower or Glover acid, Chamber or Fertilizer Acid, Battery Acid, 66 Degree Baume surfuric Acid, Dilute surfuric Acid
• By Purity Type: Standard, Ultra-Pure
• By End-User Industry: Fertilizer, Metal Processing, Pulp and Paper, Petroleum Refining, Textile Industry, Automotive, Chemical Manufacturing, Other End-User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the surfuric acid market.
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Surfuric Acid Market Key Players
Major competitors in the surfuric acid market are Aurubis AG, PVS Chemicals Inc., Seastar Chemicals, KMG Chemicals Inc., Linde PLC, Nouryon B.V., Ma'aden - Saudi Arabian Mining Company, Cornerstone Chemical Company, Canada Colors and Chemicals Limited
The Business Research Company's "Global Surfuric Acid Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Surfuric Acid Market Include:
1. Executive Summary
2. Surfuric Acid Market Characteristics
3. Surfuric Acid Market Trends And Strategies
4. Surfuric Acid Market - Macro Economic Scenario
5. Surfuric Acid Market Size And Growth
………………
27. Surfuric Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Surfuric Acid Market
29. Surfuric Acid Market Future Outlook and Potential Analysis
30. Appendix
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