The market for sulfuric acid was estimated to be worth USD 16.46 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 11.7% to reach USD 35.72 billion by 2029. (2023-2029)
Sulfuric Acid Market Overview:
This study aims to give a comprehensive analysis of the Sulfuric Acid market by geography, industry, and segments. The report offers comprehensive details on the key elements driving the expansion of the Sulfuric Acid sector. The value chain of the market is also thoroughly examined in this report.
Immediate Delivery Available, Buy Now :https://www.maximizemarketresearch.com/request-sample/16017
Market Scope:
The first step in the research process used to evaluate and forecast the Sulfuric Acid market is obtaining revenue information from important suppliers using secondary research sources. Vendor offerings are taken into account while developing market segmentation. The income of large firms was used to estimate the overall size of the Sulfuric Acid market using the bottom-up methodology.
Dynamics:
An essential industrial ingredient utilized in the creation of fertilizers is sulfuric acid. Roughly 50% of the sulfuric acid produced worldwide is used in farming and agriculture, mostly as fertilizer. Ammonium sulphate and lime superphosphate are two examples of phosphate fertilizers that are made with sulfuric acid. By increasing agricultural production, sulfuric acid enables farmers to grow more profitable, nutrient-dense crops.
The production of monoammonium phosphate (MAP) and diammonium phosphate (DAP), which are both mixed with phosphate rock to produce phosphoric acid, need sulfuric acid as a raw material. Fertilizers that contain nitrogen, phosphorus, and potassium are three essential elements that farmers use all over the world to increase crop yield and quality.
Segmentation:
The fertilizers category is anticipated to lead the market over the forecast period based on application. By type of electrolyte, liquid sulfuric acid was the largest segment in terms of value in 2022. 50%–60% of phosphate fertilizers, including superphosphate of lime and ammonium sulphate, are made using sulfuric acid. It is an important raw material used in the processing plant to make phosphoric acid and phosphogypsum when combined with phosphate rock. Phosphoric acid is an intermediate product found in all premium phosphate fertilizers. The demand for fertilisers is predicted to expand quickly due to the growing requirement for farmers to raise productivity and the shrinking amount of arable land available as a result of urbanisation.
by Raw Material
Elemental Sulfur
Pyrite Ores
Base Metal Smelters
Others
by Application
Fertilizers
Metal Processing
Pulp & Paper
Petroleum Refining
Textile Industry
Automotive
Chemical Manufacturing
Others
by Grade
PPT
PPB
Others
Browse Full Report & TOC :https://www.maximizemarketresearch.com/market-report/global-sulfuric-acid-market/16017/
Key Players: the key players are:
1. KANTO Corporation (US)
2. KMG Corporate (US)
3. Cornerstone Chemical Company (US)
4. PVS Chemicals Inc.(US)
5. Kel Chemicals (US)
6. Canada Colors and Chemicals Limited (Canada)
7. Seastar Chemicals Inc (Canada)
8. Aurubis AG (Germany)
9. BASF SE (Germany)
10.Ineos Group Ltd (UK)
11.Linde plc (Ireland)
12.Nouryon (Netherlands)
13.Boliden Group (Sweden)
14.Tata Chemicals (India)
15.Trident Group (India)
16.Hindustan Copper Ltd. (India)
17.Wylton (China) Chemical Co., Ltd. (China)
18.Hubei Xingfa Chemicals Group Co., Ltd (China)
19.Sumitomo Chemical Co., Ltd. (Japan)
20.Tayca Corporation (Japan)
21.UBE Corporation (Japan)
22.Young Poong Co., Ltd. (South Korea)
Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
A detailed Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments and sub-segments
Regional Insights
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research
Key Questions Answered in the Sulfuric Acid Market Report are:
Which market segment held the biggest share in Sulfuric Acid?
How is the Sulfuric Acid market’s competitive environment?
Which are the main elements influencing the growth of the Sulfuric Acid market?
Which area of the Sulfuric Acid market has the most share?
What will the Sulfuric Acid market’s compound annual growth rate be between 2023 and 2029?
Key Offerings:
Historical Market Size and Competitive Environment (2021–2023)
Historical pricing and regional price curves (2021–2023)
The market’s size, share, size, and forecast for each segment from 2023 to 2029
Market Dynamics: Regional Growth Drivers, Opportunities, Barriers, and Important Trends
Market segmentation: a thorough examination of each segment, along with its sub-segments, by region
Competitive Landscape: Strategically oriented profiles of a few major companies broken down by area
Market leaders, market followers, and regional players make up the competitive landscape.
Comparative analysis of major players by geographical area
PESTLE Evaluation
PORTER’s evaluation
Analysis of supply chains and value chains
Regional Legal Aspects of Business
profitable business prospects using SWOT analysis
Advice
Related Report Published by Maximize Market Research :
IT Service Management Market : https://www.maximizemarketresearch.com/market-report/global-it-service-management-market/53106/
Workflow Management System Market : https://www.maximizemarketresearch.com/market-report/global-workflow-management-system-market/62732/
RegTech Market : https://www.maximizemarketresearch.com/market-report/global-regtech-market/22473/
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, IndiaC
+91 96071 95908, +91 9607365656
