According to a report by Fortune Business Insights, titled “Sulfuric Acid Market Size, Share & Industry Analysis, By Application (Fertilizers, Chemical Manufacturing, Metal Processing, Textile, Paper & Pulp, Automotive, Others) and Regional Forecast, 2025-2032,” the market will benefit from recent advances in product manufacturing. The global sulfuric acid market size significantly explores a striking CAGR forecast till 2032. Sulfuric acid is an odorless and colorless chemical that is soluble in water. It has strong acidic nature, dehydrating and oxidising property. The global sulphuric acid market is likely to derive growth from increasing applications across diverse industries.
Sulfuric acid is a colorless and odourless chemical that possesses favourable properties, among which water solubility stands out above the rest. The substance is widely used in applications across diverse industries, including agriculture, consumer goods, automotive and transportation, and chemicals and materials. Sulfuric acid is derived from sulphuric dioxide. A few variants are also derived from sulphate waste solutions. The increasing demand for sulphuric acid in the agriculture industry has contributed to the growth of the global market in recent years. The substance is used in the manufacturing of fertilizers. The increasing use of sulphuric acid in the manufacturing of chemicals will aid the growth of the market in the forthcoming years.
BASF SE
PVS Chemicals Inc.
Aurubis
Ineos Enterprises Limited
Veolia
Jiangsu Jihua Chemical
Aarti Industries Limited
Oriental Carbon & Chemicals Ltd.
Amal Ltd.
Dexo Fine Chem Pvt. Ltd.
Cornerstore
The report offers insights into the ongoing sulphuric acid market trends. It highlights leading companies in the market and discusses the strategies that these companies have adopted in recent years. Forecast values for the market have been provided for the period of 2019-2026. The market has been segmented on the basis of several criteria including application and regional demographics. The competitive landscape scenario has been discussed in detail. Factual figures have been evaluated through trusted sources. The data included in this report has been gathered through interviews and opinions of experienced market research professionals.
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and collaborations have made a huge impact on the growth of the market in recent years. Due to the massive potential held by this market, companies are looking to adopt newer strategies with a bid to establishing a stronghold in the market. In February 2016, Fanchem Ltd., a subsidiary of PVS Chemicals completed the acquisition of Benson Chemicals Ltd. The company took over the chemical operations of the company. With this acquisition, the company plans to extend its sulphuric acid production capacity. This acquisition will not only help the company establish a stronghold, but will have a direct impact on the growth of the market in the coming years.
The report discusses the ongoing cataract surgical devices market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, Asia Pacific is projected to emerge dominant in the coming years. The constantly rising population and the subsequent increase in the demand for food and food products will create several growth opportunities for the companies operating in this market. Besides Asia Pacific, the market in Europe and Asia Pacific will witness considerable growth in the coming years.
In June 2019, Veolia announced the expansion of the plant in Louisiana that converts sulfuric acid into commercial-quality sulfuric acid, and also produces sulfur-based products for the refining and other purpose. New equipment and upgradation on existing equipment will yield a 15 percent increase in sulfuric acid regeneration capacity.
February 2016, Fanchem Ltd., subsidiary of PVS Chemicals, Inc., acquired Benson Chemicals Limited, and its chemical-distribution operations in the region. They are expected to increase the production capacity of sulfuric acid as well increase the global presence.