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Total Views: 59Word Count: 303See All articles From Author Global Sulfuric Acid Market Growth, Trends, Demands, Future Scope & Applications
by NiravGokani · January 3, 2019
ResearchMoz include new market research report “Sulfuric Acid Market – Global Industry Analysis, Size Samir Handanovic Jersey , Share, Growth, Trends, and Forecast 2018 – 2026” to its huge collection of research reports.
Sulfuric acid is an extremely corrosive acid that is highly soluble in water. It is one of the most widely produced and consumed bulk chemicals worldwide. Sulfuric acid is employed in a wide range of industrial and domestic applications. It is extensively employed in fertilizers, wastewater treatment, chemical synthesis, metal & mining Roberto Gagliardini Jersey , paper, and pharmaceutical applications.
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Based on application, the global sulfuric acid market has been segmented into fertilizers, chemical synthesis, wastewater treatment, metal & mining, semiconductors Radja Nainggolan Jersey , and others (including pulp & paper, pharmaceuticals, and batteries). In terms of volume, the fertilizers segment accounted for more than 60% share of the global sulfuric acid market in 2017. However, the chemical synthesis segment is projected to expand at a rapid pace by 2026. Demand for sulfuric acid from this segment is estimated to increase by 2026 owing to extensive use of the acid for synthesizing other industrial chemicals. Sulfuric acid is used to manufacture dyes, pigments, commodity chemicals Miranda Jersey , titanium dioxide, and pharmaceuticals. Hence, extensive use of sulfuric acid and rapid industrialization are estimated to drive the global market during the forecast period. Significant growth of the global fertilizers industry is another key factor propelling the demand for sulfuric acid. Sulfuric acid is a major raw material employed in the processing of phosphate fertilizers such as calcium dihydrogenphosphate, diammonium phosphate, and triple superphosphate. Raw materials rich in sulfur content are used to manufacture phosphate fertilizers; therefore, sulfuric acid is preferred in this application. Hence, rise in utilization of fertilizers for agricultural activities in regions such as Latin America Milan Skriniar Jersey , Asia Pacific, and North America is expected to boost the consumption of sulfuric acid by 2026.
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The study provides a decisive view of the global sulfuric acid market by segmenting it in terms of application and region. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and forecast demand for sulfuric acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual application segments of the market in every region.
The study includes profiles of major companies operating in the global sulfuric acid market. Key players profiled in the report on the global sulfuric acid market include The Mosaic Company, Chemtrade Logistics Inc. Mauro Icardi Jersey , Khaitan Chemicals & Fertilizers Limited, BASF SE, Nouryon, Southern States Chemical, PQ Corporation, Ma鈥檃den, INEOS Matteo Politano Jersey , and PVS Chemicals. Market leaders engage in strategic pricing and product improvement to increase their profit margins.
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