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Press Release / Industry / Sulfuric Acid Market worth 11.10 Billion USD - Global Forecast to 2021

Sulfuric Acid Market worth 11.10 Billion USD - Global Forecast to 2021

By Mr. Shelly Singh on September 19 2018 | 29 Views

[156 Pages Report] Sulfuric Acid Market research report categorizes the global market by Application, Raw Material & by Geography.

The report "Sulfuric Acid Market by Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore and Others) Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper and Others) and Region - Global Forecast to 2021", The global sulfuric acid market was valued at USD 9.35 Billion in 2015 and is projected to reach USD 11.10 Billion by 2021, at a CAGR of 2.87% from 2016 to 2021.

Browse 91 market data tables and 55 figures spread through 156 pages and in-depth TOC on "Sulfuric Acid Market"

https://www.marketsandmarkets.com/Market-Reports/sulphuric-acid-market-1065.html
Early buyers will receive 10% customization on reports.

It is projected to reach 278.33 Million tons, by 2021, at a CAGR of 2.20% by volume. This growth is attributed to the increase in the production of nutrient rich food crops which extensively use fertilizers, the largest application of sulfuric acid and sustainable and steady demands for sulfuric acid due to its diversified applications.

Elemental Sulfur: The largest market of sulfuric acid, by raw material

Elemental sulfur is the largest market in the global sulfuric acid market, by raw material followed by base metal smelters. The demand for elemental sulfur is driven due to its effective and substantial usage in production of sulfuric acid which is key chemical used in variety of applications. Elemental sulfur is quite oversupplied in the market which rules out the possibility of its deficiency as a key raw material for the production of sulfuric acid. Therefore, the demand for elemental sulfur is estimated to be high in the near future.

Download PDF Brochure of the Report: https://www.marketsandmarkets.com/pdfdownload.asp?id=1065

Fertilizers: The largest application market for sulfuric acid

Fertilizers are currently the largest application of sulfuric acid. Sulfuric acid is largely used in manufacturing of phosphate fertilizers which are extensively used in modern day agricultural practices. Steady gains in agricultural spending and growing chemical industries in countries like India and China is expected to drive the sulfuric acid market.

Asia Pacific: The largest market for sulfuric acid

The Asia Pacific region was the largest market for sulfuric acid, in terms of value and volume, in 2015. The large market size of Asia-Pacific is due to shifting of manufacturing facilities by big market player from mature market like Europe and North America to Asia pacific and Middle East & African region. The big players prefer investing in these regions because they offer wide range of market penetration opportunities due to the presence of natural resources reserves like mineral deposits and crude oil and abundant availability of workforce and consumers.

Ask for Sample Pages of the Report: https://www.marketsandmarkets.com/requestsample.asp?id=1065

The Mosaic Company (U.S.), PotashCorp (Canada), Groupe Chimique Tunisien (Tunisia), Maaden - Saudi Arabian Mining Company (Saudi Arabia) and OCP group (Morocco) led the global sulfuric acid market. Since the market is witnessing moderate growth rate some of the companies are unable to perform well and are increasingly becoming incompetent to generate enough sales volume in sulfuric acid business.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email ID: sales@marketsandmarkets.com
Website: https://www.marketsandmarkets.com
Blog: https://chmarketresearch.wordpress.com



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