Chemicals & Materials INDUSTRY IS CHANGING because of the change in the Sulfuric Acid market that are happening due to some key players and brands who are dominating the market in the forecast period of 2019 to 2024.
This report is a window to the Sulfuric Acid market which explains what market definition, classifications, applications, engagements and market trends are. The report also contains the drivers and restrains for the Sulfuric Acid market that are derived from SOWT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.
Market Analysis:-
The Global Sulfuric Acid Market accounted for USD 9.70 billion in 2016 and is projected to grow at a CAGR of 3.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Competitors: Sulfuric Acid Market
- The Mosaic Company
- Potashcorp
- Groupe Chimique Tunisien Sa
- Maaden – Saudi Arabian Mining Company
- OCP Group
- Phosagro
- BASF SE
- Chemtrade Logistics Income Fund
- Akzonobel N.V.
- E. I. Du Pont De Nemours and Company
- Ineos Enterprises
- PVS Chemicals
- Aurubis
- Agrium
- Norfalco
- Gulf Fluor
- Oxbow Carbon
- KMG Chemicals
- Eurochem
- ECO Services
- Reagent
- Atul Ltd
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Major Market Drivers & Restraint:
- Growing demand for sulfur based fertilizers
- Rising demand for sulfuric acid in the oil & gas industry and waste water treatment
- Weaker sales due to surplus in the market
- Strict environmental regulations due to toxic effects of sulfuric acid
Sulfuric Acid Market Segmentation:
The sulfuric acid market is segmented on the basis of raw material into
- elemental sulfur
- base metal smelters
- pyrite ore and others
On the basis of manufacturing process, the market is segmented into
- lead chamber process
- contact process
- wet sulfuric
- acid process
On the basis of application, the market is segmented into
- fertilizers
- chemical manufacturing
- metal processing
- petroleum refining
- textile industry
- automotive
- pulp & paper and others.
On the basis of geography, the sulfuric acid market report covers data points for 28 countries across multiple geographies such as
- North America
- South America
- Europe
- Asia-Pacific
- Middle East
- Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Sulfuric Acid Market Competitive Landscape:
The global sulfuric acid market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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