Sulfuric Acid Market - Industry Trends and Forecast to 2029
This Sulfuric Acid Market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Magnet report simplifies managing marketing of goods and services effectively.
Data Bridge Market Research analyses that the sulfuric acid market is expected to reach the value of USD 25,898,281.42 thousand by the year 2029, at a CAGR of 3.4% during the forecast period.
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Market Overview:
Sulfuric acid is a strong acid with hygroscopic characteristics and oxidizing properties. It is used in the fertilizer, chemical, synthetic textile, and pigment industries. Other applications include manufacturing batteries metal pickling, among other industrial manufacturing processes. In market sulfuric acid is available in different concentration grades such as 98%, 96.5%, 76%, 70% and 38%. A large quantity of sulfuric acid produces potassium sulfates and fertilizers.
Some of the major players operating in the Sulfuric Acid Market are LANXESS (Cologne, Germany), Brenntag GmbH (a subsidary of Brenntag SE) (Essen, Germany), Boliden Group (Stockholm, Sweden), Adisseo (Antony, France), Veolia (Paris, France), Univar Solutions Inc (Illinois, U.S.), NORAM Engineering & Construction Ltd. (Vancouver, Canada), Nouryon (Amsterdam, the Netherlands), International Raw Materials LTD (Pennsylvania, U.S.), Eti Bakir (Kastamonu, Turkey), ACIDEKA SA (Vizcaya, Spain), Airedale Chemical Company Limited.( North Yorkshire, U.K.), BASF SE (Ludwigshafen, Germany), Aguachem Ltd (Wrexham, U.K.), Feralco AB (Widnes, U.K.), Fluorsid (Milan, Italy), Aurubis AG (Hamburg, Germany), Nyrstar (Budel, The Netherlands), Merck KGaA (Darmstadt, Germany), Shrieve (Texas, U.S.) among others.
Global Sulfuric Acid Market Scope
The sulfuric acid market is segmented on the basis of raw material, form, manufacturing process, distribution channel, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
· Base Metal Smelters
· Elemental Sulfur
· Pyrite Ore
· Others
On the basis of raw material, the sulfuric acid market is segmented into base metal smelters, elemental sulfur, pyrite ore, and others. Elemental sulfur accounts for the largest market, and are expected to witness high growth owing to the abundant availability of sulfur across the globe.
Form
· Concentrated (98%)
· Tower/Glover Acid (77.67%)
· Chamber/Fertilizer Acid (62.8%)
· Battery Acid (33.5%)
· 66 Degree Baume Sulfuric Acid (93%)
· Dilute Sulfuric Acid (10%)
On the basis of form, the sulfuric acid market is segmented into concentrated (98%), tower/glover acid (77.67%), chamber/fertilizer acid (62.8%), battery acid (33.5%), 66 degree baume sulfuric acid (93%) and dilute sulfuric acid (10%). Chamber/fertilizer acid (62.8%) accounts for the largest market, and is expected to witness high growth as it is available with a high acidic range and drops the soil's pH level, which improves the uptake of nutrients.
Manufacturing Process
· Contact Process
· Lead Chamber Process
· Wet Sulfuric Acid Process
· Metabisulfite Process
· Others
On the basis of manufacturing process, the sulfuric acid market is segmented into contact process, lead chamber process, wet sulfuric acid process, metabisulfite process, and others. The contact process accounts for the largest market, and is expected to witness high growth as it lowers the emission of harmful gases during the production of sulfuric acid.
Distribution Channel
· Offline
· Online
On the basis of distribution channel, the global sulfuric acid market is segmented into offline and online. The offline segment accounts for the largest market, and is expected to witness high growth as transporting the bulk quantity to the nearby country is easy.
Application
· Fertilizers
· Chemical Manufacturing
· Petroleum Refining
· Metal Processing
· Automotive
· Textile
· Drug Manufacturing
· Pulp & Paper
· Industrial
· Others
On the basis of application, the sulfuric acid market is segmented into fertilizers, chemical manufacturing, petroleum refining, metal processing, automotive, textile, drug manufacturing, pulp & paper, industrial, and others. The fertilizers are expected to dominate the application segment as the demand for sulfuric fertilizers increases for crop plantation and soil fertility.
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Sulfuric Acid Market Landscape
Part 04: Global Sulfuric Acid Market Sizing
Part 05: Global Sulfuric Acid Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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