The Sulphuric acid market has witnessed steady growth rate during the last few years on account-of its importance as an industrial chemical. It plays a role in the manufacturing of nearly all goods and products ranging from fertilizers, pharmaceuticals, steel, cellulose fibers, and batteries, to detergents, leather, paper, jet fuel, kerosene, other chemicals, and paints. As a result, the per annum production of Sulphuric acid is higher than that of any other manufactured chemical. Hence, it is also sometimes called the -2018King of Chemicals-2019. Meanwhile, the harmful effects of Sulphuric acid on humans act as a major restraint on the market. Exposure to Sulphuric acid can cause skin burns and severe eye damage. The toxic fumes emitted by its decomposition also harm the environment. As a result, governments have imposed strict regulations on the use of Sulphuric acid to safeguard humans and the environment.
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The market based on end user can be categorized into agriculture, chemicals, oil and gas, metals, and others. Sulphuric acid is most commonly used in manufacturing fertilizers. Chemical industry is the second highest consumer of Sulphuric acid where it is used to manufacture a wide range of chemicals such as ammonium sulfate, titanium dioxide, phosphoric acid, and hydrofluoric acid. Sulphuric acid is used in the oil and gas industry to remove impurities from refinery products. The metal processing industry also uses Sulphuric acid on a relatively large scale.
The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis, and various business strategies adopted by them. This report will help players in global Sulphuric acid market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
Top 10 Players Genomics Market Overview:
BASF SE, AkzoNobel N.V.,
E. I. du Pont de Nemours and Company,
Trident Group,
Hindalco Industries Limited,
Boliden Group,
Southern States Chemical,
and others.
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The report provides forecast and analysis of the global Sulphuric acid market. It provides market overview of global Sulphuric acid market in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends, and opportunity of the Sulphuric acid market and their impact on each country during the forecast period.
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