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Sulfuric Acid Market Predicted to Grow by 3.0% CAGR by 2024 | A report by The Mosaic Company, Potashcorp, Groupe Chimique Tunisien Sa, Maaden – Saudi Arabian Mining Company and others

The unexpected is happening in the Sulfuric Acid market in terms of CAGR levels in the forecasted period of 2018-2025 and consequently changing the perspective for the Chemical industry.

This Sulfuric Acid report by Data Bridge Market Research brings all the figures needed to corner the sulfuric acid market by showing all the recent developments, product launches, joint ventures, mergers and accusations done by the key players and brands that are making a mark in the market. Besides it also pinpoints the market drivers and restraints with the help of SWOT analysis.

This report finally explains in deep the terminologies like the market definition, classifications, applications, and market trends.

Market Analysis:

The Global Sulfuric Acid Market accounted for USD 9.70 billion in 2016 and is projected to grow at a CAGR of 3.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Competitors:

  • The Mosaic Company
  • Potashcorp
  • Groupe Chimique Tunisien Sa
  • Maaden – Saudi Arabian Mining Company
  • OCP Group
  • Phosagro
  • BASF SE
  • Chemtrade Logistics Income Fund
  • Akzonobel N.V.
  • I. Du Pont De Nemours and Company
  • Ineos Enterprises
  • PVS Chemicals
  • Aurubis
  • Agrium
  • Norfalco
  • Gulf Fluor
  • Oxbow Carbon
  • KMG Chemicals
  • Eurochem
  • ECO Services
  • Reagent
  • Atul Ltd

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Major Market Drivers & Restraint:

  • Growing demand for sulfur based fertilizers
  • Rising demand for sulfuric acid in the oil & gas industry and waste water treatment            
  • Weaker sales due to surplus in the market
  • Strict environmental regulations due to toxic effects of sulfuric acid

Segmentation:

  • elemental sulfur
  • base metal smelters
  • pyrite ore and others

Manufacturing process

  • lead chamber process
  • contact process
  • wet sulfuric
  • acid process

Application

  • fertilizers
  • chemical manufacturing
  • metal processing
  • petroleum refining
  • textile industry
  • automotive
  • pulp & paper and others.

Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East
  • Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Competitive Landscape:

The global sulfuric acid market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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