Press release
Sulfuric Acid Market to reach USD 35.72 Bn by 2029, emerging at a CAGR of 11.7 percent and forecast 2023-2029
To compile this report, a rigorous research methodology was employed, combining extensive primary and secondary research, as well as comprehensive data analysis, to offer accurate and insightful market insights.
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Sulfuric Acid Market Dynamics:
The Sulfuric Acid Market is influenced by several key factors, including:
Growing Consumption from Fertilizer Segment: Sulfuric acid is a critical industrial chemical used extensively in fertilizer production. Approximately 50% of the world's sulfuric acid is used in agriculture, particularly as a fertilizer. The use of sulfuric acid in the production of phosphate fertilizers is driving agricultural productivity and income for farmers.
Strong Demand for Sulfuric Acid in Various Industries: Sulfuric acid, often referred to as the "king of chemicals," plays a pivotal role in numerous chemical applications across industries like automotive, petrochemical, metal refining, and textiles. Its applications also extend to the manufacture of semiconductors, detergents, and disinfectants, fueling market growth.
Sulfuric Acid Market Regional Insights:
The Asian-Pacific region is expected to dominate the sulfuric acid market during the forecast period. Countries such as China, India, and Japan are witnessing increased demand from the chemical, fertilizer, and manufacturing industries. China, in particular, is a significant player in sulfuric acid production and demand, further contributing to the region's dominance.
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Sulfuric Acid Market Segmentation:
by Raw Material
Elemental Sulfur
Pyrite Ores
Base Metal Smelters
Others
by Application
Fertilizers
Metal Processing
Pulp & Paper
Petroleum Refining
Textile Industry
Automotive
Chemical Manufacturing
Others
Sulfuric Acid Market Key Players:
1. KANTO Corporation (US)
2. KMG Corporate (US)
3. Cornerstone Chemical Company (US)
4. PVS Chemicals Inc.(US)
5. Kel Chemicals (US)
6. Canada Colors and Chemicals Limited (Canada)
7. Seastar Chemicals Inc (Canada)
8. Aurubis AG (Germany)
9. BASF SE (Germany)
10.Ineos Group Ltd (UK)
11.Linde plc (Ireland)
12.Nouryon (Netherlands)
13.Boliden Group (Sweden)
14.Tata Chemicals (India)
15.Trident Group (India)
16.Hindustan Copper Ltd. (India)
17.Wylton (China) Chemical Co., Ltd. (China)
18.Hubei Xingfa Chemicals Group Co., Ltd (China)
19.Sumitomo Chemical Co., Ltd. (Japan)
20.Tayca Corporation (Japan)
21.UBE Corporation (Japan)
22.Young Poong Co., Ltd. (South Korea)
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Table of content for the Sulfuric Acid Market includes:
Global Sulfuric Acid Market : Research Methodology
Global Sulfuric Acid Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Sulfuric Acid Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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