Future Prospects in Sulfuric Acid Market by Forecast from 2019 to 2027 with In-Depth Analysis of Key Players
The molecular formula of sulfuric acid is ‘H2SO4. It is classified as a strong mineral acid with high corrosive abilities.
SEATLE, WA, USA, March 3, 2022 /EINPresswire.com/ — Coherent Market Insights The recently announced Global Sulfuric Acid Market report is an objective and in-depth study of the current status aimed at key drivers, market strategies and growth of key players. Sulfuric acid is used in the production of phosphate fertilizers such as monoammonium phosphate, diammonium phosphate, calcium dihydrogen phosphate and others. According to the Food and Agriculture Organization of the United Nations (FAO), the global demand for phosphate fertilizers in 2017 was 43.2 million tonnes. The FAO has estimated that this demand will increase to 45.8 million tons by 2020. Thus, the growing demand for phosphate fertilizers is expected to drive the growth of the global sulfuric acid market.
In addition to this, Coherent Market Insights has access to a wide range of regional and global reputable paid databases, which helps the company understand the regional and global sulfuric acid market trends and dynamics. The company analyzes the sulfuric acid market industry from a 360 degree perspective. However, strict government regulations on the use of sulfuric acid, due to the dangerous effects of the strong acid mixture, are expected to restrain the growth of the global sulfuric acid market. For example, the American Conference of Governmental Industrial Hygienists (ACGIH) has classified the acid as a carcinogen. These stringent regulations are expected to hamper the growth of the market over the forecast period.
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𝐠𝐥𝐨𝐛𝐚𝐥 𝐚𝐜𝐢𝐝 𝐢𝐬 𝐨𝐟 𝐨𝐟 𝐨𝐟 𝐨𝐟 𝐂𝐀𝐆𝐑 𝐨𝐟 𝐨𝐟 𝐨𝐟 𝐂𝐀𝐆𝐑 𝐂𝐀𝐆𝐑 𝐂𝐀𝐆𝐑 𝐂𝐀𝐆𝐑 𝐂𝐀𝐆𝐑 𝐨𝐟 𝐂𝐀𝐆𝐑 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐂𝐀𝐆𝐑𝟐 𝐭𝐨𝐧𝐬 𝐛𝐲 𝟐𝟎𝟐𝟕.
Among the regions, Asia-Pacific is expected to be the fastest growing region in the market over the forecast period, owing to the rising demand for sulfuric acid for various applications such as chemical manufacturing, paper and pulp, fertilizers in emerging economies such as India and China. . The major players are adopting various strategies such as business expansion to meet the growing demand for sulfuric acid.
𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐜𝐢𝐝 𝐀𝐜𝐢𝐝,
Base metal foundries
𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 :
Pulp and paper
Automotive battery acid
𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐜𝐢𝐝 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 :
Single contact process
Wet contact process
Master chamber process
𝐒𝐨𝐦𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐢𝐧 𝐢𝐧 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧:
PVS Chemicals, BASF SE, Akzo Nobel NV, DowDuPont Inc., Unigel Group, Boliden Group, Ineos Enterprises Limited, Trident Chemicals, Aurubis AG, Climax Molybdenum BV and Amal Ltd.
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𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬
Research objectives and hypotheses
Market dynamics, regulation and trend analysis
Global sulfuric acid market, by feedstock type, 2016-2027 (USD Billion and Tons)
Global sulfuric acid market, by application, 2016-2027 (USD billion and tons)
Global sulfuric acid market, by manufacturing process, 2016-2027 (USD Billion and Tons)
Global sulfuric acid market, by region, 2016-2027 (USD Billion and Tons)
𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬
What is the sulfuric acid market growth estimate to 2027?
Who are the major sulfuric acid market players globally?
What are the major factors hindering the growth of the sulfuric acid market?
What are the key factors driving the growth of the sulfuric acid market?
What is the compound annual growth rate (CAGR) of the Sulfuric Acid market for the next 8 years?
Which region held the largest market share in the sulfuric acid market?
𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞 :-
Sulfuric Acid Market – https://www.coherentmarketinsights.com/press-release/sulfuric-acid-market-to-surpass-3241-million-tons-by-2027-2512
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