Sulfuric Acid Market Overview
In 2020, the sulfuric acid market value is registered as USD 10.22 billion and is expected to grow at a significant rate of 2.76% CAGR with the sulfuric acid market size of USD 12.36 billion during the forecast period (2021-2027). As per the sulfuric acid market research report, the global market for sulfuric acid is projected to grow swiftly. According to analysts, extensive applications in metal processing, as well as several other industry verticals, will drive the market growth during the forecast period. The sulfuric acid market research report offers a comprehensive analysis of the global sulfuric acid market and its applications and type segments. The fluctuating raw material prices along with supply chain problems are the elements that could influence the sulfuric acid market advancement throughout the forecast period. The food grade sulfuric acid market research report by expert analysts is developed to assist organizations in the sulfuric acid market.
Key Players
- Agrium
- Akzo Nobel
- Bayer
- Bp
- Chevron
- Cytec Industries
- Dupont
- Evonik Industries
- Honeywell
- Solvay
Market Segmentation
The global Sulfuric Acid Industry has been segmented based on applications and type. On the basis of applications, the market for sulfuric acid is segmented based on metal processing, pulp and paper industry, phosphate fertilizers, and other applications. Additionally, the market on the basis of type, is segmented into chamber acid, battery acid, concentrated sulphuric acid, and dilute sulphuric acid.
Major elements such as volatility in raw material cost could obstruct the sulfuric acid market growth. However, according to the sulfuric acid market research report, high growth in the cement industry along with increasing applications areas will propel growth throughout the forecast period. The sulfuric acid market is set to register growth at a high CAGR owing to these key factors. The exploration of applications and type segments along with regional markets has been given in the global sulfuric acid market research report. The research analysts studying the sulfuric acid market have put out market forecasts in the sulfuric acid market research report in order to support sulfuric acid market-based companies. The sulfuric acid market research report provides an extensive understanding of the sulfuric acid market based on the information and forecasts till 2022.
Regional Overview
North America, Europe, Asia Pacific, and the rest of the world's regional markets for sulfuric acid are predominantly covered in the global sulfuric acid market research report. Country-level sulfuric acid markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level sulfuric acid markets are covered in the report. In Asia-Pacific (APAC) region, the country-level sulfuric acid markets covered are Japan, India, China, and others. The sulfuric acid market research report also explores the regional market for sulfuric acid present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The sulfuric acid market research report also covers regional markets from the rest of the world alongside sulfuric acid markets of Africa and the Middle East.
Competitive Landscape
New product development and strategic alliances are presumed to drive the sulfuric acid market growth worldwide. The global sulfuric acid market could be challenged by supply related problems, nevertheless, organizations in the sulfuric acid market will carry the growth rate forward. The sulfuric acid market research report presents company profiles of major companies active in the sulfuric acid market globally. Furthermore, the global sulfuric acid market report offers an all-inclusive analysis of the market collected from the sulfuric acid market’s primary and secondary sources covering both decision makers and thought leaders. The sulfuric acid market research report highlights such key areas assisting businesses operating in the sulfuric acid market to build better growth strategies.
Industry News
The 500 tpd sulfuric acid plant project has been awarded to Nuberg, a multinational engineering, procurement and construction company (EPC) as well as to a leading project manager, based in Egypt. Sprea, manufacturer of chemicals and plastics in Ramadan City in Egypt, owns the plant, which was awarded during the pandemic. The Nuberg EPC is responsible from idea to project execution for the single-point solution business. He is also the world-renowned source of sulfuric acid.
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