CHICAGO, March 29, 2023 (GLOBE NEWSWIRE) — The global sulfuric acid market is expected to grow from US$13.2 billion in 2020 to US$28.5 billion in 2027, at a CAGR of 11.7% over the forecast period, according to the latest study by MarketsandMarkets™. The market is growing due to an increase in the production of nutrient-rich food crops. Sulfuric acid is used primarily in metal ore leaching, fertilizer manufacturing, oil refining, wastewater treatment, and chemical synthesis.
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Browse the detailed table of contents for Sulfuric Acid Market”
216- Market Data Tables
34- Numbers
196 pages
List of Major Players in Sulfuric Acid market:
- The Mosaic Company (USA)
- BASF SE (Germany)
- OCP Group (Morocco)
- Chemtrade Logistics Income Fund (Canada)
- Nouryon (Netherlands)
- Other
Sulfuric Acid Drivers, Restraints, Opportunities and Challenges Market:
- Driver: Strong demand for sulfuric acid in various industries
- restrictions: Restriction on the use of sulfuric acid for health and environmental reasons
- Opportunity: Increasing use of sulfuric acid in wastewater treatment
- Challenge: Rapid price increase
Main results of the study:
- The elemental sulfur segment is expected to hold the largest share of the sulfuric acid market during the forecast period
- The chemical manufacturing segment is expected to account for the second largest market by application during the forecast period
- The Asia Pacific region is expected to be the largest and fastest growing sulfuric acid market
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Based on raw material, Sulfuric Acid market is segmented into elemental sulphur, pyrite ore, base metal smelter and others. Sulfur is the most important raw material for the production of sulfuric acid. In terms of quantity, elemental sulfur is expected to account for the largest share in 2022. Around 90% of the sulfur produced goes into the manufacture of sulfuric acid….
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