Sulfuric Acid Market Key Futuristic Trends and Competitive Analysis and Forecast To 2022

Sulfuric Acid Market Overview:

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 of sulfuric acid is one of the largest – volume industrial chemicals. The drivers for sulfuric acid market are automotive industry and chemical industry. Batteries utilized in automotive industry contains large amount of sulfuric-acid. In-addition, sulfuric acid market is increasing its demand due to industrial cleaning agents as sulfuric acid is also utilized in cleaning agent and drain cleaner, The demand for sulfuric acid is increasing at annual growth rate of over approximately 6.5%. High growth in cement industry has considerable growth in past few years. Hydrogen fluoride is a by-product of sulfuric acid and it is utilized in various industries therefore this will benefit the growth of sulfuric acid market.

More sulfuric acid is produced in the world than any other chemical. Over 40 million tons of sulfuric acid is manufactured annually in the U.S. Sulfuric acid is utilized in the production of fertilizers, explosives, petroleum products, detergents, dyes, insecticides, drugs, plastics, steel, storage batteries, and many other materials. The largest amount of sulfuric acid is used in the production of phosphate fertilizers. In this process calcium phosphate, Ca3(PO4)2, in phosphate rock, which cannot be used by plants because of its insolubility in groundwater, is converted to forms that will dissolve in water, thus making the phosphate available to plants.

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Study Objectives of Sulfuric Acid Market:

To study detail of Global Sulfuric Acid market by type, by end-useand by region in forecasted period 2022.
To identify the market dynamics of Sulfuric Acid market dynamics by drivers, restrains, opportunities and challenges.
To analyze various factors like Value chain analysis and porters five forces model.
To provide historical and forecast revenue of market segment with respect to APAC, North America, Europe, and RoW.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track mergers and acquisitions, strategic alliances, new product development of each applicant Sulfuric Acid market.

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.

Key Players:

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

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This release was published on openPR.