The global sulfuric acid market is likely to gain impetus from the growing demand from the agriculture industry. This information is published in an upcoming 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, 2024-2032.” The report further states that the increasing usage of sulfuric acid in chemical manufacturing is expected to affect the market positively in the coming years. Apart from that, the rising production of fertilizers to increase the productivity of crops and to satisfy the urgent needs of the ever-increasing population would also contribute to the sulfuric acid market growth.
Fortune Business Insights™ lists out all the renowned companies present in the sulfuric acid market. They are as follows:
Ineos Enterprises Limited
BASF SE
Cornerstore
PVS Chemicals, Inc.
Aarti Industries Limited
Dexo Fine Chem Pvt. Ltd.
Aurubis
Oriental Carbon & Chemicals Ltd.
Veolia
Amal Ltd.
Jiangsu Jihua Chemical
Other key market players
What Does the Report Contain?
In-depth information regarding the sulfuric acid market trends, growth drivers, obstacles, opportunities, and challenges.
Comprehensive analysis of the key market players and their core competencies.
Extensive data about the competitive landscape, consisting of new mergers, acquisitions, product launches, agreements, strategic partnerships, and contracts.
List of all the possible segments present in the market.
Fertilizers Segment to Dominate Backed by High Demand for Chemical Manufacturing
In terms of application, the market is fragmented into automotive, fertilizers, paper, chemical manufacturing, textile, metal processing, and others. Out of these, the fertilizers segment is the largest segment in the market. It is set to grow rapidly in the coming years by gaining the largest sulfuric acid market share owing to the increasing demand from the agriculture industry. Also, the rising rate of chemical manufacturing would augment the growth of this segment.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/sulfuric-acid-market-101747
Asia Pacific to Lead: Rising Production of Fertilizers Will Favor Growth
The market is geographically segregated into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Amongst these, Asia Pacific is projected to lead the market owing to the rising population pool. It is further upsurging the demand for food. Also, fertilizer production is high in this region. It would contribute to growth.
In North America and Europe, the market is set to exhibit a steady growth owing to the increasing application of sulfuric acid in textile, chemical manufacturing, and other similar industries. Besides, the ongoing technological advancements would propel the application of sulfuric acid in both regions. The Middle East and Africa and Latin America would acquire high sulfuric acid market size revenue during the forthcoming years. This growth is attributable to the growing industrialization and urbanization. Also, increasing applications, such as metal processing, chemical, and textile manufacturing, is anticipated to drive growth.