Sulfuric Acid Market 2019 Application (Fertilizers, Chemical manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper, Others), Raw Material Elemental sulfur, Base metal smelters, Pyrite ore, Others) Forecast to 2025Report ID: BMRC 2763 | Number of pages: 198 | Publish Date: Mar 2020 | Publisher: BMRC | Category: Chemicals and Materials
Sulfuric Acid Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Sulfuric Acid Market place for the forecast 2019– 2025.
Scope of The Report:
The global sulfuric acid market has projected to see a lot of growth and the trends for the last few years have done nothing to suggest otherwise. The market’s growth should be attributed to the increasing production of the food crops which are nutrient rich which has extensively using the fertilizers, the largest application of the sulfuric acid and the demand steadily for the sulfuric acid because of their applications in a diverse applications.
The segmentation of the global sulfuric acid market has been done on the basis of the raw material and application. On the basis of raw material, the segment of elemental sulfur has been expected for leading the sulfuric acid market in the period of forecast after the segment of base metal smelters. The demand for the elemental sulfur has been driven by the substantial and effective use in production of the sulfuric acid that has a major chemical which is used in the variety of the applications. The electric sulfur has been oversupplied in markets which is ruling out this possibility of the deficiencies as the major raw material for sulfuric acid production. Thus, the need for the elemental sulfur has been projected to be growing in future.
On the basis of application, the segment of fertilizers has been projected to be leading the market of sulfuric acid in the period of forecast. The sulfuric acid has been used largely in the phosphate fertilizers manufacturing that has been used extensively in the practices of agriculture. There are steady gains in the growing industries and agriculture spending in the countries which are developing and have been expected for driving the global sulfuric acid market in the period of forecast.
Key Players in the Sulfuric Acid Market Report
The global sulfuric acid has been seeing a lot of players and the companies are PotashCorp, The Mosaic Company, Maaden- Saudi Arabian mining, Groupe Chimique Tunisien, OCP Group, BASF SE, Chemtrade Logistics, PVS Chemicals, DuPong, Agrium Inc. and INEOS Enterprises among others.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
Industry 4.0 Has Been Leading To The Growth In The Market
Industry 4.0 has been changing the dynamics of the industry of sulfuric acid. The smart manufacturing, real-time data and the automation has been helping the companies for using the big data for the demand forecast. The prices and supply are also impacted by the Industry 4.0. From the safety and the point of view of cost saving, fewer companies are starting to use the drones for inspection of chemical plants and the storage tanks for the leakages or the cracks problems. The usage of the technology has been anticipated to increase the margins, efficiency and the productivity of the manufacturers of sulfuric acid.
Asia Pacific To See Tremendous Growth In The Global Sulfuric Acid Market
The Asia-Pacific region has led the global sulfuric acid market. When it comes to the market volume and value, Asia Pacific has been the largest global sulfuric acid market and this is because there has been a shift of the facilities of manufacturing of the big players of market form the mature markets of North America and Europe to the Asia-Pacific region and the regions of the Middle East and African regions. The area has been a significant point of attraction for the major players because of the rich crude oil and other resources in the region of Asia Pacific over the other Europe or North America.
Sulfuric Acid Key Market Segments:
- Chemical manufacturing
- Metal Processing
- Petroleum Refining
- Textile Industry
- Pulp & Paper
- Elemental sulfur
- Base metal smelters
- Pyrite ore
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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