According to the new market research 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”, published by MarketsandMarkets™, 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.
Request for Free Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1065
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.
Browse and in-depth TOC on “Sulfuric Acid Market”
91 - Tables
55 - Figures
156 - Pages
Don’t miss out on business opportunities in “Sulfuric Acid Market”. Gain crucial information about the industry insights that will help your business grow with Special Discount: https://www.marketsandmarkets.com/discountreports.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.
Request for Special Pricing on Bundle Reports @ https://www.marketsandmarkets.com/RequestBundleReport.asp?id=1065
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 7500 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, “Knowledge Store” 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.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/sulphuric-acid-market.asp
Visit Our Website: https://www.marketsandmarkets.com