Connect with us

Hi, what are you looking for?

Business News

Sulfuric Acid Market Is Expected To Be USD 11.96 Billion By 2023

The Sulfuric Acid Market was worth USD 8.99 billion in the year 2014 and is expected to reach approximately USD 11.96 billion by 2023.

Las Vegas, NV, United States, 02/16/2018 /SubmitPressRelease123/

The Sulfuric Acid Market was worth USD 8.99 billion in the year 2014 and is expected to reach approximately USD 11.96 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 3.22% during the forecast period. The ascent can be ascribed to the existence of stringent natural directions to control emanations, which is foreseen to prompt the expanded usage of smelters to catch sulfur dioxide products.

For more information, click on the below link @ https://www.crystalmarketresearch.com/report/sulfuric-acid-market

Report Overview:
In 2016 Elemental sulfur raw material portion got a huge share of the overall industry and is anticipated to advance at the quickest rate over the conjecture time frame. The raw material makes less contamination when compared with pyrite metal or base metal smelters and is accessible in plenitude in the business. Keeping in mind the end goal to confine or check environmental contamination, an expansive number of organizations have received stringent measures to treat the discharged sulfur gas before discharging it into the air. Rising developmental exercises, for example, upgrading the generation capacities of organizations to spur the manufacturing of sulfuric acid items from basic sulfur are anticipated to trigger the market development. China is the main producer of pyrites and most of the share of this raw material is used for creating sulfuric acid.

In 2016 Fertilizers was the noteworthy application fragment and represented around 54 percent of the general market income. Expanding interest in enhanced nature of harvest and rising populace all inclusive are probably going to boost the market over the predictable period. Fast urbanization and industrialization are bringing about the diminishment of arable land, which thus is driving the farmers to make use of fertilizers for expanding crop yield. Rising usage of H2SO4 for the generation of value manures for farming use to support creation capacities is anticipated to impel market development

Get Sample Copy of the Report here @ https://www.crystalmarketresearch.com/report-sample/CM11365

Regional Outlook:
In 2016 Asia Pacific was the biggest regional fragment and represented around 46 percent of the aggregate income. Expanding generation of sulfur from Japan and China is foreseen to boost the product offerings of sulfuric acid in this area. Rising requirement for H2SO4 from the Indonesia and Philippines is anticipated to help Asia Pacific regional market over the conjecture time frame. The costs of sulfuric acid are fortifying because of the rising interest for the product in Asia Pacific. Expanding need to extend the generation of phosphate manure because of rising compost segment and stringent environmental controls concerning the assembling of ecologically friendly product is probably going to support the market over the coming years. Rising demand from phosphoric and industrial acid divisions attributable to an expansion in the development of harvests and higher product yields is expected to trigger development in China market. The developing supply of H2SO4 products from Morocco and Saudi Arabia is anticipated to goad the market over the predictable period.

Major Market Players:
The market id extensively competitive with a number of leading players such as PVS Chemical Solution, BASF, Chemtrade, DuPont, Akzo Nobel India Ltd and Agrium.

The Sulfuric Acid Market is segmented as follows-

By Raw Material: Base metal smelters, Elemental sulfur, Pyrite ore, Others

By Application: Fertilizers, Metal processing, Textile industry, Paper & pulp, Chemical manufacturing, Petroleum refining, Automotive, Others

Purchase the report @ https://www.crystalmarketresearch.com/checkout/CM11365

About Crystal Market Research:
Crystal offers a one-stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

Contact Us:
Judy
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107, United States.
Toll Free: +1-888-213-4282
Website: http://www.crystalmarketresearch.com
For More Discounts Offers Email at sales @ sales@crystalmarketresearch.com

source: https://www.crystalmarketresearch.com/report/sulfuric-acid-market

Newsroom powered by Online Press Release Distribution – SubmitMyPressRelease.com

Like Us on Facebook

You May Also Like

Business

State would join dozens of others in enacting legislation based on federal government’s landmark whistleblower statute, the False Claims Act

press release

With a deep understanding of the latest tech, Erbo helps businesses flourish in a digital world.

press release

#Automotive #Carbon #Canister #Market #Projected #Hit #USD New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) —  According to a comprehensive research report by Market...

press release

Barrington Research Analyst James C.Goss reiterated an Outperform rating on shares of IMAX Corp IMAX with a Price target of $20. As theaters...