Sulfuric Acid Market Overview: —
The global sulfuric acid is anticipated to garner a healthy CAGR of 6.5% during the forecast period (2018-2022), Market Research Future (MRFR) unveils in a detailed report. Sulfuric acid is considered one of the largest industrial chemicals in terms of volume. Sulfuric acid, also termed as vitriol, is a mineral acid, which is composed of oxygen, sulfur, and hydrogen, and is an odorless, colorless, and syrup liquid. Sulfuric acid is soluble in water and is synthesized in reactions, which are considered highly exothermic.
On the flipside, fluctuating raw material prices are considered to restrict the market growth in the coming years. Strict government mandates restricting the use of sulfuric acid is likely to hinder the market growth. Moreover, ill effects of sulfuric acid on human health like irritation in the eyes and skin and skin sensitiveness are expected to vitiate the market growth in the coming years.
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Sulfuric Acid Market Key Players:
• Akzo Nobel,
• Cytec Industries,
• Evonik Industries,
• Honeywell and Solvay,
• PVS Chemical Solutions,
• Chemtrade Logistics,
and among others are some of the prominent players at the forefront of competition in the Global Sulfuric Acid Market and are profiled in MRFR Analysis.
Sulfuric Acid Market Segmental Analysis:
The sulfuric acid market has been segmented on the basis of type and application.
By type, the sulfuric acid market is segmented into battery acid, dilute sulfuric acid, chamber acid, and concentrated sulfuric acid.
By application, the sulfuric acid market is segmented into pulp and paper industry and phosphate fertilizers. Of these, the phosphate fertilizers segment is likely to gain prominence as sulfuric acid is largely used to manufacture phosphate fertilizers, which is highly preferred in modern agricultural practices.
Sulfuric Acid Market Regional Analysis:
Geographically, the sulfuric acid market spans across the Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Considering the global scenario, Asia Pacific resonates strong growth opportunities and is likely to rule the market in the coming years. In this region, China alone acquires almost half of the market in terms of production. Consumption of fertilizer in India represents a massive number, due to the existence of a large agriculture base in the country. These factors are likely to trigger the demand from the sulfuric acid market in the foreseeable future. The recent boom in the chemical industry, soaring developmental strategies like setting up of production facilities to meet the increased demand for sulfuric acid, and easy availability of raw materials are predicted to encourage the sulfuric acid market in the APAC.
The sulfuric acid market in North America is likely to register significant growth owing to the soaring demand for sulfuric acid for the production of fertilizers. Strict regulations by the government to produce sulfuric acid is likely to promote the regional market’s growth.
Sulfuric Acid Market Table of Content to be Continue……,
Complete List of Tables and Figures @ https://www.marketresearchfuture.com/reports/sulfuric-acid-market-2037
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