Sulphuric Acid Market growth, business opportunities, share value, key insights & size estimation by 2031Posted by Akshay Solanki on December 29th, 2022 According to a new market research report published by Global Insight Services “Sulphuric Acid Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Sulphuric acid is a colourless, oily liquid with a strong, pungent odour. It is a highly corrosive acid and is one of the most widely used chemicals in industry. Sulphuric acid is used in the manufacture of fertilizers, explosives, dyes, detergents, and in the petroleum industry. It is also used in car batteries and as a drain cleaner.
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Key Trends
The key trends in sulphuric acid technology are:
– Increasing use of sulphuric acid in the production of fertilizers and other chemicals– Increasing use of sulphuric acid in the mining industry– Development of new and more efficient sulphuric acid production processes– Increasing use of sulphuric acid in the oil and gas industry– Development of new and more efficient sulphuric acid recovery processes
Key Drivers
The key drivers of the sulphuric acid market are:
1) Increasing demand from the fertiliser industry: Sulphuric acid is a key ingredient in the production of fertilisers, and the demand for fertilisers is increasing globally as the population continues to grow.
2) Increasing demand from the mining industry: Sulphuric acid is used in the mining industry for the extraction of metals such as copper, lead and zinc.
3) Increasing demand from the chemical industry: Sulphuric acid is used in the production of a variety of chemicals, including detergents, dyes and pigments.
Market Segments
The Sulphuric Acid Market is segmented by raw material, application, and region. By raw material, the market is divided into elemental sulfur, base metal smelters, pyrite ore and others. Based on application, it is bifurcated into fertilizers, chemical manufacturing, metal processing, petroleum refining, textile industry, and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Sulphuric Acid Market includes players such as BASF SE, Ineos Group Ltd, KANTO Corporation, Aurubis AG, Avantor Performance Materials, LLC, PVS Chemicals Inc., Seastar Chemicals, KMG Chemicals, Qingdao Hisea Chem Co.Ltd., and Linde Group.
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