Press release
Sulfuric Acid Market is anticipated to rise from USD 16.46 Billion in 2022 to USD 35.72 Billion by 2029
The ๐๐ฎ๐ฅ๐๐ฎ๐ซ๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ is global and is booming as it is used in varying applications among several industries, namely fertilizer and chemical relatedโproduction. As per different findings, the Data Visualization market was valued at USD 16.46 Billion in 2022, and it is expected to reach USD 35.72 Billion by 2029, exhibiting a CAGR of 11.7% during the forecast period (2023-2029)๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ข๐ง๐ค ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:https://www.maximizemarketresearch.com/request-sample/16017/
๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐ง๐๐ฅ๐ฎ๐๐ง๐๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐งโ๐๐๐ซ๐ค๐๐ญ
Sulfuric acid is an essential input in agriculture, which is expected to beโa key driver for market growth. About half of global sulfuric acid production goes toward phosphate fertilizer production, including superphosphate and ammonium sulfate, key components for maintaining soil fertility andโincreasing crop yields. The global need for food is increasing, and so is, thus, the requirementโfor high-impact fertilizers.
Sulfuric acid is used in large amounts for chemical synthesis, in the manufactureโof hydrochloric acid, nitric acid, sulfate salts, synthetic detergents, dyes, and pigments. The demand for sulfuric acid isโalso high in various industries like automotive, petrochemical, metal refining, textiles, and wastewater treatment, etc., which contributes to the market growth.
Increasing metallurgical activities especially inโcopper and zinc metallurgical processing have also triggered the demand for sulphuric acid. Moreover, due to strict environment protection legislations, wastewater treatment and emission control using sulphuric acidโis gaining importance.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐ข๐ง๐ค ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:https://www.maximizemarketresearch.com/inquiry-before-buying/16017/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
The sulfuric acid marketโoutlook can be segmented based on manufacturing process, application
๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐ข๐ง๐ ๐๐ซ๐จ๐๐๐ฌ๐ฌ
The key approaches to the commercialโmanufacture of sulfuric acid involve:
Contact Process: This process is theโmost common process of making sulphuric acid due to high-purity of acid produced. Suitable for industrial application.
Lead Chamber Process: This was primarily used to produce compounds that are based on sulfur dioxide, however, the Lead Chamber process is less popular due to the nature of the process thatโis less efficient.
Wet Sulfuric Acid Process: Held primarily for the manufacture of high-grade sulfuricโacid for niche end-use markets, including semiconductors and pharmaceutical production.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ข๐ง๐ค ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:https://www.maximizemarketresearch.com/request-sample/16017/
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
SulfuricโAcid Uses In Many Industries, Such As:
Fertilizers: Biggestโsegment supported by global phosphate fertilizer market
Chemical synthesis: acting as a directโreactant for the manufacturing of industrial chemicals
Metal & Mining Operations - Used to Extract Copper, Uranium andโZinc
Wastewater treatment: Disseminated in alkaline waste streams; assists with enhancingโwater quality.
Pulp andโPaper Processing- To reduce impurities and increase the quality of pulp
Medications: Made intoโantibiotics and other pharmaceuticals.
Semiconductor: It is used as a high-purity sulfuric acid for cleaning silicon wafers inโthe electronics industry.
๐๐๐ญ ๐ญ๐จ ๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ:https://www.maximizemarketresearch.com/market-report/global-sulfuric-acid-market/16017/
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐๐ฏ๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States sulfuric acid market continues to remain strong, buoyed by the increasing agriculturalโpractices and industrial growth. Aโlarge portion of this demand is driven by fertilizer and oil refining processes.
๐๐ง๐๐ข๐
The sulphuric acid production follows an increasing trend with a production of 16.94 Million tons in 2023 which is estimated to reach 25.82 Million ton by 2030 growing at a CAGR of 6.2%โmaking the sulphuric acid market in India a growing sector. This expansion is due to the fact that India has a largeโagricultural base and a rising demand for chemical processing and industrial end-use applications.
๐๐ก๐ข๐ง๐
China, which is the largest sulfuric acid producer and consumer, is dominating the market due to theโindustrial base and the ever increasing need of agriculture in the country. This demand is largely the result of theโuse of phosphate fertilizers, the manufacturing of chemicals, and the extraction of metals.
๐๐๐ซ๐ฆ๐๐ง๐ฒ
Predicting Germany's sulphuric acid market owing toโits competitive chemical industry. Japan has some of the toughest environmental laws in the world, which continuesโto drive the demand for high-purity sulfuric acid in waste treatment, product, and industrial process[.]
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐จ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
The sulfuric acid market is an emerging market where the key players are indulging in developingโproduction capacities, technology, and sustainability. Major companies include:
๐๐ก๐ ๐๐จ๐ฌ๐๐ข๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ
TheโMosaic Company is a global leader in the potash and phosphate crop nutrients markets and a significant user of sulfuric acid in its fertilizer production operations.
๐๐๐๐ ๐๐
BASF, one of the biggest chemical producers, is producing sulfuric acid for industrial uses such as chemicalโsynthesis, pharmaceuticals, and semiconductor processing.
๐๐ฎ๐๐จ๐ง๐ญ ๐๐ ๐๐๐ฆ๐จ๐ฎ๐ซ๐ฌ, ๐๐ง๐.
Acid Incorporated manufactures sulfuricโacid for agricultural, oil refining, and electronics industries. The firm is alsoโfocusing on sustainable production methods, limiting its effect on the environment.
๐๐ค๐ณ๐จ ๐๐จ๐๐๐ฅ ๐.๐.
Akzo Nobel, a leading global supplier of chemicalsโand coatings, produces sulfuric acid for metal processing, chemical production and environmental uses.
๐๐๐ ๐๐ก๐๐ฆ๐ข๐๐๐ฅ๐ฌ, ๐๐ง๐.
PVS Chemicals is a provider of sulfuric acidโto other industries, including water treatment, agriculture, and manufacturing.
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
The sulfuric acid market is projected to witnessโconsiderable growth owing to their indispensable utilization in fertilizers, chemical synthesis, metal processing, and wastewater treatment. The growingโglobal need for greater agriculture, industrial chemical, and clean water solutions market will also drive further expansion of sulfuric acid. But businessesโthat adopt the sustainable practices needed to recommission disrupted supply chains or that explore advanced industrial applications for sustainable production will be poised to reap the benefits of new opportunities in this burgeoning sector.
๐ ๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ฏ๐ข๐ฌ๐ข๐ญ:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐. ๐๐๐.
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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