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Sulphuric acid is a corrosive, viscous liquid soluble in water, and its color varies from yellow to colorless, depending upon the concentration. It is strongly acidic and corrodes metal surfaces and living tissues. It is mostly used for applications such as automotive batteries, water treatment, fertilizers, and paper bleaching.
According to Researcher, the Global Sulphuric acid market is expected to witness a considerable growth rate during the forecast period. The major factors responsible for the global Sulphuric acid market's growth are the rise in acid usage in fertilizers and other specialty & bulk chemicals such as hydrofluoric acid, titanium dioxide, and nitric acid. Rapid industrialization and Sulphuric acid's extensive use are estimated to drive the global market during the forecast period. However, strict government directives on Sulphuric acid usage, owing to the acid's hazardous effects, are expected to restrain the growth of the global sulphuric acid market.
Asia-Pacific region is projected to be the largest market for global sulphuric acid. An increase in government initiatives and collaborations with global manufacturing firms and the utilization of Sulphuric acid to produce fertilizers and in the processing of other industrial chemicals are significant factors driving the market in the region.
In terms of segmentation by application, the Global Sulphuric acid market is dominated by the fertilizer segment. Sulphuric acid is used to produce fertilizers such as diammonium phosphates and triple superphosphate. Thus increasing demand from the agricultural and fertilizer industry drives the Global Sulphuric acid market.
In terms of segmentation by raw material, Elemental sulfur is the segment with the largest market share in the global sulphuric acid market. The raw material causes less pollution than pyrite ore or base metal smelters and is available in abundance in the industry.
The Global Sulphuric acid market is highly fragmented. Major companies in the market were found to be PVS Chemicals, Akzo Nobel N.V., Unigel S.A., DowDuPont Inc., Ineos Enterprises Limited, and BASF SE, among others.
Global Sulphuric Acid Market report provides deep insight into the Sulphuric acid market's current and future state across various regions. The study comprehensively analyzes the Sulphuric acid market by segmenting based on Raw Materials (Elemental sulfur, Base metal smelters, Pyrite ore, and Others), Application (Chemical manufacturing, Fertilizers, Petroleum refining, Metal processing, Textile industry, Automotive industry, and Other applications), and Geography (North America, Asia-Pacific, South America, Europe, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also extensively coversresearched competitive landscape sections with major companies' profiles, including their market shares and projects.
According to Researcher, the Global Sulphuric acid market is expected to witness a considerable growth rate during the forecast period. The major factors responsible for the global Sulphuric acid market's growth are the rise in acid usage in fertilizers and other specialty & bulk chemicals such as hydrofluoric acid, titanium dioxide, and nitric acid. Rapid industrialization and Sulphuric acid's extensive use are estimated to drive the global market during the forecast period. However, strict government directives on Sulphuric acid usage, owing to the acid's hazardous effects, are expected to restrain the growth of the global sulphuric acid market.
Asia-Pacific region is projected to be the largest market for global sulphuric acid. An increase in government initiatives and collaborations with global manufacturing firms and the utilization of Sulphuric acid to produce fertilizers and in the processing of other industrial chemicals are significant factors driving the market in the region.
In terms of segmentation by application, the Global Sulphuric acid market is dominated by the fertilizer segment. Sulphuric acid is used to produce fertilizers such as diammonium phosphates and triple superphosphate. Thus increasing demand from the agricultural and fertilizer industry drives the Global Sulphuric acid market.
In terms of segmentation by raw material, Elemental sulfur is the segment with the largest market share in the global sulphuric acid market. The raw material causes less pollution than pyrite ore or base metal smelters and is available in abundance in the industry.
The Global Sulphuric acid market is highly fragmented. Major companies in the market were found to be PVS Chemicals, Akzo Nobel N.V., Unigel S.A., DowDuPont Inc., Ineos Enterprises Limited, and BASF SE, among others.
Global Sulphuric Acid Market report provides deep insight into the Sulphuric acid market's current and future state across various regions. The study comprehensively analyzes the Sulphuric acid market by segmenting based on Raw Materials (Elemental sulfur, Base metal smelters, Pyrite ore, and Others), Application (Chemical manufacturing, Fertilizers, Petroleum refining, Metal processing, Textile industry, Automotive industry, and Other applications), and Geography (North America, Asia-Pacific, South America, Europe, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also extensively coversresearched competitive landscape sections with major companies' profiles, including their market shares and projects.
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
