Sulfuric acid also commonly called oil of vitriol is a type of mineral acid that is composed of elements like sulfur, oxygen and hydrogen. Sulfuric acid is a viscous liquid that is soluble in water. It can be easily synthesized in highly exothermic reactions. This acid find wide application in automotive industry, mainly for the production of batteries in automotives. Sulfuric acid is an essential commodity chemical and the total production capacity of any nation is a good indicator of the industrial strength. It also act as a key substance in the chemical industry.
MARKET DYNAMICS
The increase in the production of nutrient rich food crops globally drives the market demand for sulfuric acid. Besides this, steady and sustainable demand for the sulfuric acid in different applications such as fertilizers, chemical manufacturing and automotives drives the market growth. However, strict environmental regulations owing to the toxicological effects of the acid restricts the fruitful development of the sulfuric acid market. An upsurge in the application of standards to regulate the emission of sulfur dioxide, sulfuric acid and nitrogen oxides from the production facilities of sulfuric acid is expected to bolster well the market demand for sulfuric acid in the near future.
MARKET SCOPE
The "Global Sulfuric Acid Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sulfuric acid market with detailed market segmentation by raw material, application and geography. The global sulfuric acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sulfuric acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sulfuric acid market is segmented on the basis of raw material and application. On the basis of raw material, the sulfuric acid market is segmented into elemental sulfur, base metal smelters, pyrite ore and others. As per application the market is bifurcated into fertilizers, chemical manufacturing, metal processing, petroleum refining, textile industry, automotive, pulp & paper and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sulfuric acid market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sulfuric acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sulfuric acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sulfuric acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the sulfuric acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sulfuric acid market are anticipated to lucrative growth opportunities in the future with the rising demand for sulfuric acid market in the global market. Below mentioned is the list of few companies engaged in the sulfuric acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sulfuric acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzonobel N.V
- Atul Ltd.
- Aurubis AG
- BASF SE
- DuPont de Nemours, Inc.
- Ineos Enterprises, Limited
- OCP Group
- Phosagro
- PVS Chemicals, Inc.
- The Mosaic Company
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