Sulfuric Acid Market Size and Growth Projections Through 2029


Posted October 9, 2023 by Shitalmax

Sulfuric Acid Market was valued at USD 16.46 Billion in 2022, and it is expected to reach USD 35.72 Billion by 2029, exhibiting a CAGR of 11.7% during the forecast period (2023-2029)
 
Market Overview:

The objective of this comprehensive research is to provide a detailed insight into the Sulfuric Acid market, considering its various segments, industries, and geographical regions. The research encompasses a thorough examination of the primary factors influencing the growth of the Sulfuric Acid industry. Additionally, an in-depth analysis of the market's value chain is included.

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Market Scope:

Our research methodology for analyzing and forecasting the Sulfuric Acid market involves the initial collection of revenue data from major suppliers through secondary research sources. Furthermore, we consider vendor offers when formulating market segmentation. We used the revenue figures of prominent companies to estimate the overall size of the Sulfuric Acid market, employing a bottom-up approach.

Drivers:

An essential industrial ingredient utilized in the creation of fertilizers is sulfuric acid. Sulfuric acid is used in agriculture and farming, primarily as fertilizer, accounting for almost half of the world's supply. Lime superphosphate and ammonium sulfate are two phosphate fertilizers made with sulfuric acid. Because sulfuric acid increases agricultural productivity, producers may produce more profitable, nutrient-dense crops.

The production of monoammonium phosphate (MAP) and diammonium phosphate (DAP), both of which are mixed with phosphate rock to create phosphoric acid, uses sulfuric acid as a raw material. To improve crop quality and output, farmers use fertilizers that contain the three essential nutrients nitrogen, phosphorus, and potassium

Segmentation:

by Raw Material

Elemental Sulfur
Pyrite Ores
Base Metal Smelters
Others

by Application

Fertilizers
Metal Processing
Pulp & Paper
Petroleum Refining
Textile Industry
Automotive
Chemical Manufacturing
Others

by Grade

PPT
PPB
Others

Key Players:

In the Sulfuric Acid market report, we have highlighted the major players, which include:

1. KANTO Corporation (US)
2. KMG Corporate (US)
3. Cornerstone Chemical Company (US)
4. PVS Chemicals Inc.(US)
5. Kel Chemicals (US)
6. Canada Colors and Chemicals Limited (Canada)
7. Seastar Chemicals Inc (Canada)
8. Aurubis AG (Germany)
9. BASF SE (Germany)
10.Ineos Group Ltd (UK)
11.Linde plc (Ireland)
12.Nouryon (Netherlands)
13.Boliden Group (Sweden)
14.Tata Chemicals (India)
15.Trident Group (India)
16.Hindustan Copper Ltd. (India)
17.Wylton (China) Chemical Co., Ltd. (China)
18.Hubei Xingfa Chemicals Group Co., Ltd (China)
19.Sumitomo Chemical Co., Ltd. (Japan)
20.Tayca Corporation (Japan)
21.UBE Corporation (Japan)
22.Young Poong Co., Ltd. (South Korea)


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Regional Analysis:

Our dedicated research team conducted extensive primary and secondary research for the global Sulfuric Acid market study. We conducted secondary research to enhance available data, segment the market, assess its total size, and forecast its growth rate. Various methodologies have been employed to calculate market value and growth rate. Our team collects market data and insights from diverse regions to provide a well-rounded regional perspective. The country-level analysis in our research is developed by scrutinizing multiple regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators.

Separate market share data is available for the following regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Analysts are encouraged to leverage this information to identify competitive strengths and conduct independent competitor analysis.

COVID-19 Impact Analysis on Sulfuric Acid Market:

Our research on the Sulfuric Acid market also includes a comprehensive assessment of the impact of COVID-19 on the market, considering factors such as imports, suppliers, and market players.

Key Questions Answered in the Sulfuric Acid Market Report:

• Which segment dominated the Sulfuric Acid market in terms of market share?
• How did the competitive landscape of the Sulfuric Acid market evolve in 2020?
• What are the key factors driving the growth of the Sulfuric Acid market?
• Which region held the largest market share in the Sulfuric Acid market in 2020?

A detailed Market Overview

Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market segmentation: A thorough examination of the market's segments and sub-segments
Top Key Vendors and Other Notable Vendors in the Competitive Landscape

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About Maximize Market Research:

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Issued By MMR
Country India
Categories Business
Tags sulfuric acid market , sulfuric acid market size , sulfuric acid market share , sulfuric acid market growth
Last Updated October 9, 2023