Global Sulfuric acid is growing rapidly post 2018 as the market is boosted due various industries such as Phosphate fertilizers , Pulp And Paper Industry, Metal Processing and Other Applications. The market size is expected to increase USD XX billion by t

Market Overview:

Globally, the market for sulfuric acid is growing due to automotive industry. Increasing demand for sulfur based fertilizers is expected to assist the global market growth. Growing demand for chemicals from major end-use industries is touted to bolster the global sulfuric acid market growth over the forecast period. The global demand for sulfur is expected to witness an annual growth rate of over approximately 6.2%.

Industrial cleaning agent industry is one of the major user sulfuric acid users, therefore industrial cleaning agents is likely to aid the global market growth. High growth in cement industry which has observed considerable growth in the past few years is expected to bolster the global sulfuric acid market. Hydrogen fluoride is a byproduct of sulfuric acid. Oil & gas industry is projected to grow rapidly over the next seven years, thereby aiding the global sulfuric acid market growth. Paper industry has witnessed brisk growth over the last few years. This trend is expected to enhance the overall sulfuric acid market. Rubber vulcanizing industry uses sulfuric acid at large volumes, hence vulcanizing sector is anticipated to augment the global sulfuric acid market.

APAC will be the ruling market for global Sulfuric Acid, accounting for USD XX Billion and is expected to grow over $XX Billion by 2022 followed by. With rise in development of emerging economies can cause countries like China, India, and Brazil to contribute more amount of share in this market.

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Market Highlights:

Sulfuric acid is a strong mineral acid. It is Soluble in water at all concentrations. Sulfuric acid has many applications and is top a products of the chemical industry. World production in 2011 was 168 million tonnes, with an approximate value of USD 10 billion. Principal uses include ore processing, fertilizer manufacturing, oil refining, wastewater processing, and chemical synthesis.

Globally, the market for sulfuric acid is growing due to automotive industry. Increasing demand for sulfur based fertilizers is expected to assist the global market growth. Growing demand for chemicals from major end-use industries is touted to bolster the global sulfuric acid market growth over the forecast period. The global demand for sulfur is expected to witness an annual growth rate of over approximately 6.2%.

Segmentation:

The Global Sulfuric acid Market is majorly segmented on the basis of types, and application. Based on the type the market is segmented into Dilute Sulphuric Acid, Battery Acid, Concentrated Sulphuric Acid, and Chamber Acid. Further on the basis of application the market is classified into Phosphate fertilizers, Pulp and Paper Industry, Metal Processing, and Other Applications.

Global Sulfuric Acid Key Players:

Agrium,
Akzo Nobel,
Bayer,
Bp,
Chevron,
Cytec Industries,
Dupont,
Evonik Industries,
Honeywell,
Solvay

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