Global Sulphuric Acid Market Overview:
This report studies the Global Sulphuric Acid Market over the forecast period of 2019 to 2023. The Global Sulphuric Acid Market is growing continuously and expected to grow healthy CAGR by Forecast year 2023.
The most important factor driving the growth of the Global Sulphuric Acid Market is rapid growth in the demand for Sulphur based fertilizers. Growing demand for sulphuric acid in the oil & gas industry and waste water treatment is expected to drive the Sulphuric Acid Market for the forecasted period (2018 - 2023).
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The Global Sulphuric Acid Market is segmented on the basis of Raw Material, Application and Region. Based on the Raw Material, the Global Sulphuric Acid Market is divided into Elemental Sulfur, Base Metal Smelters, Pyrite Ore and others. On the basis of Application, the Global Sulphuric Acid Market is classified into Fertilizers, Chemical manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper and others.
In terms of the regional analysis, APAC region led the Global Sulphuric Acid Market, in terms of both, value and volume in 2015. China is the largest market for sulfuric acid in the APAC region and accounted for a major share of the market, in terms of value, in 2015. The flourishing chemical industry, easy availability of raw materials, and increasing developmental strategies such as setting up of production facilities to meet the growing demand for sulfuric acid are the key growth drivers for the Sulphuric Acid Market in this region.
Latest Business News:
Solvay (May 7, 2019) – Solvay spotlights materials for battery packs and immersion cooling – Solvay’s specialty polymers are replacing heavy, expensive metal components for safer, higher-density batteries. In battery packs and modules, Solvay’s lightweighting, high-performance polymers provide design flexibility, cost reduction, corrosion and chemical resistance, electrical insulation and processing ease. Solvay’s cooling agents for battery packs support electrical and chemical safety, cooling efficiency and direct cooling.
Top Leading Key Manufacturers are: Agrium, Honeywell, Cytec Industries, Bayer, Akzo Nobel, Evonik Industries, DuPont, Chevron, Solvay and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
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Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Sulphuric Acid in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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