Sulfuric Acid Market Worth to Reach USD 1243.6 MN By 2027
Posted On April 05, 2021
The Global Sulfuric Acid Market report evaluates the market revenue to reach USD 1243.6 MN mark in 2027. The CAGR is expected to be close to 2.75% from 2020 till the end of 2027 according to the newly published report by Value Market Research. The diverse applications of sulfuric acid, a multifaceted chemical produced in large quantities, is the primary stimulant for the growth of the sulfuric acid market. The demand for this acid in the ever-expanding agriculture sector will witness steady growth as most of the sulfuric acid produced is used in fertilizer manufacture. The use of this crucial industrial chemical in many goods’ manufacturing processes over a wide range of applications like chemicals, detergents, dyes, mineral processing, oil refining, wastewater processing, etc., will benefit market growth. The use of sulfuric acid in manufacturing cost-effective batteries for automobiles, electric vehicles, forklifts, marine, and UPS will be a market booster. The main barrier to the growth of the market is the highly corrosive nature of the acid.
Sulfuric acid, also called oil of vitriol, is a colorless, oily, corrosive liquid and one of the most commercially important chemicals. The primary use of sulfuric acid is in the making of fertilizers. This acid is also used to manufacture pigments, drugs, explosives, detergents, cleaning products, and petroleum refining and metallurgical processes in varying concentrations. Sulfuric acid is an essential raw material used in the paper and pulp industry. Other uses include as an electrolyte in lead-acid batteries and wastewater processing. The use of sulfuric acid extends to the medical fields and is used in the treatment of cancer.
The market dynamics covered in the report "Global Sulfuric Acid Market Report By Application (Fertilizers, Chemical Synthesis, Wastewater Treatment, Metal & Mining, Semiconductors, And Others), And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" gives a holistic scope of the market along with the market forecasts.
On the basis of application the market is segmented into Fertilizers, Chemical Synthesis, Wastewater Treatment, Metal & Mining, Semiconductors, Others. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Sulfuric Acid Market -
- Chemical Synthesis
- Wastewater Treatment
- Metal & Mining
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
BASF SE, Chemtrade Logistics, INEOS, Khaitan Chemicals & Fertilizers Limited, Ma’aden, Nouryon, PQ Corporation, PVS Chemicals, Southern States Chemical, and The Mosaic Company.
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