Pune, 7, April 2023: The report expects the Sulfuric Acid Market to grow from USD 14.74 Bn in 2021 to USD 35.72 Bn by 2029 at a CAGR of 11.7 percent over the forecast period. The report is a mixture of primary data and secondary data and domain expert has analyzed the Sulfuric Acid Market from a local, global and regional point of view.
Sulfuric Acid Market Report Scope and Research Methodology
The report includes the current trends and market highlights in the Sulfuric Acid market. It provides the major drivers, challenges, and restraints of the market. The report covers the estimation of the Sulfuric Acid market size and growth rate of the market investors and stakeholders perceive the investment decisions with the demand and pricing analysis of the market. Segment-wise analysis of the market is divided into Raw Material and Application.
Regional analysis of the market is conducted at a global, regional and country level and it helps the regional insights such as market share dominance, market penetration and upcoming market growth opportunities. The bottom-up approach was used for Sulfuric Acid market size estimation. Primary and secondary data collection techniques with qualitative and quantitative analysis are used for the collection of data for the market. SWOT analysis was conducted to provide the strengths and weaknesses of the Sulfuric Acid industry while PESTLE was employed to understand the growth targets and risks of the market.
Sulfuric Acid Market Dynamics
The increasing use of sulfuric acid in various chemical applications helps to increase the demand from end-use industries such as petrochemical, automotive metal refining, and textile. In addition, Sulfuric acid is largely used for the treatment of wastewater for the purpose of restore of the PH level of wastewater. The Sulfuric Acid Market is driven by the growing consumption of sulfuric acid from fertilizers and increasing concerns regarding the high crop yield and good food quality from the agricultural industry.
Over the forecast period, the Sulfuric Acid Market is constrained by the rapid increase in the prices of Sulfuric Acid and restrictions on the use of sulfuric acid due to health as well as environmental concerns.
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Sulfuric Acid Market Regional Insights
Asia Pacific region is expected to dominate the sulfuric acid market, over the forecast period. The regional market is driven by growing urbanization, an increasing tendency towards high crop yield among the farmers, growth in the automotive and textile industry and stringent government regulations concerning manufacturing environment-friendly products.
The increasing demand for Sulfuric Acid from several sectors such as chemical, fertilizer and other manufacturing sectors in developing countries such as China, India and Japan is also expected to be a major regional driver for the growth of the market. China is expected to drive the regional growth of the market due to the increasing investment in the development activities of chemical synthesis in the chemical industries.
Sulfuric Acid Market Segmentation
By Raw Material
- Elemental Sulfur
- Pyrite Ores
- Base Metal Smelters
- Others
By Application
- Fertilizers
- Metal Processing
- Pulp & Paper
- Petroleum Refining
- Textile Industry
- Automotive
- Chemical Manufacturing
- Others
Sulfuric Acid Market Key Players include:
- KANTO Corporation (US)
- KMG Corporate (US)
- Cornerstone Chemical Company (US)
- PVS Chemicals Inc.(US)
- Kel Chemicals (US)
- Canada Colors and Chemicals Limited (Canada)
- Seastar Chemicals Inc (Canada)
- Aurubis AG (Germany)
- BASF SE (Germany)
- Ineos Group Ltd (UK)
- Linde plc (Ireland)
- Nouryon (Netherlands)
- Boliden Group (Sweden)
- Tata Chemicals (India)
- Trident Group (India)
- Hindustan Copper Ltd. (India)
- Wylton (China) Chemical Co., Ltd. (China)
- Hubei Xingfa Chemicals Group Co., Ltd (China)
- Sumitomo Chemical Co., Ltd. (Japan)
- Tayca Corporation (Japan)
- UBE Corporation (Japan)
- Young Poong Co., Ltd. (South Korea)
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Table of Content for Global Sulfuric Acid Market:
- Global Sulfuric Acid Market: Research Methodology
- Global Sulfuric Acid Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Sulfuric Acid Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by Region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Sulfuric Acid Market Segmentation
- Global Market, by Raw Material (2021-2029)
- Global Market, by Application (2021-2029)
- Regional Global Sulfuric Acid Market(2021-2029)
- Regional Market, by Raw Material (2021-2029)
- Regional Market, by Application (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key questions answered in the Sulfuric Acid Market are:
- What is Sulfuric Acid?
- What was the Sulfuric Acid market size in 2021?
- What is the expected Sulfuric Acid market size by 2029?
- What are the different segments of the Sulfuric Acid Market?
- What are the factors restraining the growth of the Sulfuric Acid Market?
- What is the scope of the Sulfuric Acid Market?
- What is the growth rate of the Sulfuric Acid Market?
- Which are the factors expected to drive the Sulfuric Acid market growth?
- What are the major challenges that the Sulfuric Acid Market could face in the future?
- What segments are covered in the Sulfuric Acid Market?
- What are the key players in the Sulfuric Acid Market?
- What are the opportunities for the Sulfuric Acid Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Raw Material, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
Maximize Market Research Material & Chemical research firm, has also published the following reports:
Solid Sulfur Market: The market size is expected to reach USD 4.73 Bn by 2029 at a CAGR of 4.1 percent during the forecast period. The market is driven by the increasing awareness about the importance of sulfur in the agriculture sector and the increasing production of sulfur-containing chemicals and materials.
Fertilizer Additives Market: The market size is expected to reach USD 4.24 Bn by 2029 at a CAGR of 2.9 percent during the forecast period. The market is driven by the increasing demand for high-quality fertilizers and research and development in fertilizer manufacturing technology.
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