The report “Sulfuric Acid Market by Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore), Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, and Automotive) and Region – Global Forecast to 2027″, is projected to grow from USD 13.2 billion in 2020 to USD 28.5 billion by 2027, at a CAGR of 11.7% during the forecast period. Expanding market for fertilizers, chemical manufacturing and metal processing is expected to drive the sulfuric acid market.
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• 216 Market data Tables
• 34 Figures
• 196 Pages and in-depth TOC on “Sulfuric Acid Market – Global Forecast to 2027”
Some of the prominent key players are:
- The Mosaic Company (US)
- BASF SE (Germany)
- OCP Group (Morocco)
- Chemtrade Logistics Income Fund (Canada)
- Nouryon (Netherlands)
Opportunity: Increasing use of sulfuric acid in wastewater treatment
Sulfuric acid has a vital role in wastewater treatment. Wastewater treatment is a process carried out for environmental protection, and sulfuric acid is the most widely used chemical to bring the pH level of wastewater back to normal. Sulfuric acid helps in pH level neutralization and eliminating solid particles such as polymers, alums, and ferric chloride. It also controls and prevents offensive odor found in wastewater and destroys pathogens that can spread diseases. Using sulfuric acid in chemical treatment enables the separation of water and sludge.
The elemental sulfur segment is expected to hold the largest share of the sulfuric acid market, during the forecast period
The elemental sulfur segment is expected to lead the sulfuric acid market during the forecast period by volume. Elemental sulfur is the major feedstock used for the production of sulfuric acid. Elemental sulfur is one of the widely used raw material in the production of sulfuric acid and with the growing demand for sulfuric acid the segment is expected to grow.
Asia Pacific region is expected to be the largest and fastest growing sulfuric acid market
Asia Pacific is expected to lead the sulfuric acid market during the forecast period by value. This demand can be attributed to the high growth in emerging economies such as China and India, sthat has made Asia Pacific a huge market for sulfuric acid. China is one of the largest markets for sulfuric acid across the globe and is expected to contribute a major portion to the overall regional demand for sulfuric acid during the forecast period.
