Chemicals Agro Chemicals
Global Sulfuric Acid Market Research and Forecast 2018-2023
DEFINITION
The Sulfuric acid market is expected to grow at the CAGR of 4.1 % during 2018-2023. Sulfuric is a strong acid manufactured by oxidizing solutions of Sulfur-dioxide. In general, it is colorless, odorless liquid which is soluble in water and corrosive in nature. The market is showing a growth owing to increasing demand of the Sulfur based products, rising demand in industrial and fertilizer sector globally. It is mainly used in chemical manufacturing industry for making phosphate fertilizers automotive and pharmaceuticals. Additionally, sulfuric acid found a considerable utilization for sugar bleaching, paper bleaching, water treatment, cellulose fibers, coloring agents and so forth.
MARKET MOTIVATORS
• Increasing demand in automobile sector (batteries and electric vehicle) • Application in industrial waste water treatment plant • Usage in pharmaceuticals, fertilizer (agriculture) markets • Application in bleaching (paper & sugar industry) • Growing demand of the sulfur based products (in cellulose fiber, steel manufacturing)
MARKET RESTRAINTS
• • • •
Strict government regulations Alternative of lead acid battery in automotive Volatility in prices of raw materials (sulfur) Safety and environmental concern
MARKET OPPORTUNITIES
• Technological advancement and innovation in catalyst
REGIONAL ANALYSIS
MARKET SEGMENTATION By application • • • • • • •
Chemicals manufacturing Metal processing Textile industry Paper & sugar industry Automotive industry Fertilizer industry Other (power generation)
MARKET SEGMENTATION
By manufacturing processes • Contact process • Wet sulfuric acid process • Other (metabisulfite method and more)
MARKET SEGMENTATION
By type of acid • Dilute sulfuric acid • Concentrated sulfuric acid
COMPANY PROFILE
• Agrium inc • Akzo nobel n.V. • Atul ltd • Aurubis ag • Basf se To Be Continued……
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