The molecular formula of sulfuric acid is’ H2SO4. It is classified as a strong mineral acid with high corrosive capacities. Sulfuric acid is a viscous liquid soluble in water and varies in color from yellow to colorless, depending on its concentration. Sulfuric acid is used in the manufacture of commercially important chemicals such as hydrochloric acid, nitric acid, sulfate salts, synthetic detergents, dyes, pigments, explosives, and drugs.
Sulfuric acid is used in the production of phosphate fertilizers such as monoammonium phosphate, diammonium phosphate, dihydric calcium phosphate and others. According to the Food and Agriculture Organization (FAO), 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 tonnes by 2020. Thus, the increasing demand for phosphate fertilizers is expected to drive the growth of the global sulfuric acid market.
Sulfuric acid market is expected to reach USD 8.11 billion by 2020, at a cagr rate of 1.87% during the forecast period
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The major market players operating in the Sulfuric Acid Market are PVS Chemical Solution and Phelps Dodge, CF Industries, The Mosaic, AkzoNobel NV, Agrium Inc., Rhodia, Langeloth International, Honeywell International, Bayer AG, DuPont de Nemours & Co., Potash Corp (PCS Phosphate), Chevron Corporation, Lucite International , Chemtrade Logistics, Southern States Chemical, Climax Molybdenum Co., Big River Zinc Sauget, Cytec Industries, Tampa Electric, Solvay SA, Evonik Industries, Chemtrade Refinery Services, BP Valero Energy and The Doe Run.
What market factors are explained in the report?
The sulfuric acid market is segmented on the basis of type, application, and region. A Full Explanation of Market Buildup methodology, the use of advancement, the conclusions of global market players have been given. The segmentation study identifies the major segments and explains the key factors that are supporting their growth in the global Sulfuric Acid market. The report then sheds light on the positioning of the product, customer perception of market competition, customer segmentation, consumer buying behavior, customer needs and target customers.
The report provides:
â¦ Complete market analysis
Recent market developments
Market development in recent years
â¦ Emerging segments and regional markets
â¦ Segmentations up to the second and / or third level
â¦ Historical, current and estimated market size in terms of value and volume
â¦ Competitive analysis with an overview of the company, products, revenues and strategies
â¦ Strategic recommendations that help companies increase their presence in the market
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In this study, the years considered to estimate the market size of the Sulfuric Acid market are as follows:
Year of history: 2013-2018 Year of reference: 2019 Estimated year: 2020 Forecast year: 2020 to 2027
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