The
global sulfuric acid market is expected to be valued at USD 13.45 billion by
2025, according to a new report by Grand View Research, Inc. Increasing
investments in plant facilities due to the rising production capacity of
phosphate fertilizer and tightening environmental regulations are anticipated
to spur the market over the foreseeable period.
Rising
demand for the production of nutrient-rich food crops is expected to boost the
industry. Increasing requirement for the continuous & sustainable H2SO4 product
for the manufacturing of phosphate fertilizer, inorganic chemicals, detergents
& soaps, dyes, and gasoline is expected to trigger industry growth over the
forecast period.
Growing
suppliers of sulfuric acid in Saudi Arabia due to the presence of large number
of acid manufacturing facilities to strengthen the growth of phosphate is
expected to spur the Middle East regional market. Factors such as increase in
the number of initiatives carried out by companies such as DuPont, Outotec, and
Sumitomo Corporation to expand their plant facilities, enhance distribution
network, and expand processing capacities are projected to propel the market
over the next eight years.
Browse full
research report on Sulfuric Acid Market: www.grandviewresearch.com/industry-analysis/sulfuric-acid-market
Further key
findings from the study suggest:
- The global demand was valued at USD 10.10
billion in 2016, at an estimated CAGR of 3.3% from 2017 to 2025
- Elemental sulfur was the largest raw material
segment in 2016, accounting for over 57% of the overall market
- Increasing demand for the manufacturing of
sulfuric acid from elemental sulfur owing to its environmentally-friendly
property in comparison to base metal smelter or pyrite ore roasting is
projected to propel elemental sulfur raw material segment
- Fertilizers was the largest application segment
in 2016 and is expected to progress at a moderate rate over the
foreseeable period
- Increasing demand for the production of phosphate
fertilizer to enhance the quality of irrigation water is projected to
propel fertilizer application growth
- In terms of revenue, Asia Pacific was the
dominant regional segment in 2016 and is anticipated to hold a
considerable share in the market, at an estimated CAGR of around 3.6% over
the forecast period
- Growing demand for H2SO4 products
in chemical industries from emerging the economies of China and India and
the availability of raw materials in this region is projected to drive
Asia Pacific regional segment
- In May 2017, DuPont Clean Technologies received
a contract agreement from Yidu Xingfa Chemical Co. Ltd. for the technology
and engineering license for a 3600 tpd MECS MAX3 sulfuric acid plant. This
initiative is expected to strengthen the company’s Xingfa plant in China.
- Some players operating in this industry include
Mosaic Company, Chemtrade Refinery, DuPont, Akzonobel N.V., BASF, PVS
Chemical Solution, Valero Energy, and Solvay among others.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/organic-chemicals-and-compounds
Grand View Research has segmented the global sulfuric acid market based
on raw material, application, and region
Raw
Material Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025)
- Elemental
sulfur
- Base
metal smelters
- Pyrite
ore
- Others
Application
Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025)
- Fertilizers
- Chemical
manufacturing
- Metal
processing
- Petroleum
refining
- Textile
industry
- Automotive
- Paper
& pulp
- Others
Regional
Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Russia
- Germany
- France
- Asia
Pacific
- China
- Japan
- India
- Central
& South America
- Middle
East & Africa
- Saudi
Arabia
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-sulfuric-acid-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials
and healthcare.
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