The global sulfuric acid market is
expected to be valued at USD 13.45 billion by 2025, according to a new report
by Grand View Research, Inc. Increasing investments in plant facilities due to
the rising production capacity of phosphate fertilizer and tightening
environmental regulations are anticipated to spur the market over the
foreseeable period.
Rising demand for the production of nutrient-rich food
crops is expected to boost the industry. Increasing requirement for the
continuous & sustainable H2SO4 product for the manufacturing of phosphate
fertilizer, inorganic chemicals, detergents & soaps, dyes, and gasoline is
expected to trigger industry growth over the forecast period.
Growing suppliers of
sulfuric acid in Saudi Arabia due to the presence of large number of acid
manufacturing facilities to strengthen the growth of phosphate is expected to
spur the Middle East regional market. Factors such as increase in the number of
initiatives carried out by companies such as DuPont, Outotec, and Sumitomo
Corporation to expand their plant facilities, enhance distribution network, and
expand processing capacities are projected to propel the market over the next eight
years.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry-analysis/sulfuric-acid-market
Further key findings from the report suggest:
·
The global demand was valued at USD 10.10
billion in 2016, at an estimated CAGR of 3.3% from 2017 to 2025
·
Elemental sulfur was the largest raw
material segment in 2016, accounting for over 57% of the overall market
·
Increasing demand for the manufacturing of
sulfuric acid from elemental sulfur owing to its environmentally-friendly
property in comparison to base metal smelter or pyrite ore roasting is
projected to propel elemental sulfur raw material segment
·
Fertilizers was the largest application
segment in 2016 and is expected to progress at a moderate rate over the
foreseeable period
·
Increasing demand for the production of
phosphate fertilizer to enhance the quality of irrigation water is projected to
propel fertilizer application growth
·
In terms of revenue, Asia Pacific was the
dominant regional segment in 2016 and is anticipated to hold a considerable
share in the market, at an estimated CAGR of around 3.6% over the forecast
period
·
Growing demand for H2SO4 products in chemical industries from emerging the
economies of China and India and the availability of raw materials in this
region is projected to drive Asia Pacific regional segment
·
In May 2017, DuPont Clean Technologies
received a contract agreement from Yidu Xingfa Chemical Co. Ltd. for the
technology and engineering license for a 3600 tpd MECS MAX3 sulfuric acid
plant. This initiative is expected to strengthen the company’s Xingfa plant in
China.
·
Some players operating in this industry
include Mosaic Company, Chemtrade Refinery, DuPont, Akzonobel N.V., BASF, PVS
Chemical Solution, Valero Energy, and Solvay among others.
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
Grand View Research has
segmented the global sulfuric acid market based on raw material, application,
and region
Raw Material Outlook (Volume, Million Tons; Revenue, USD
Million; 2014 - 2025)
·
Elemental sulfur
·
Base metal smelters
·
Pyrite ore
·
Others
Application Outlook (Volume, Million Tons; Revenue, USD
Million; 2014 - 2025)
·
Fertilizers
·
Chemical manufacturing
·
Metal processing
·
Petroleum refining
·
Textile industry
·
Automotive
·
Paper & pulp
·
Others
Regional Outlook (Volume, Million Tons; Revenue, USD
Million; 2014 - 2025)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Russia
o Germany
o France
·
Asia Pacific
o China
o Japan
o India
·
Central & South America
·
Middle East & Africa
o Saudi Arabia
View press release of this research report by Grand View
Research: http://www.grandviewresearch.com/press-release/global-sulfuric-acid-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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