Global Sulfuric Acid Market Analysis and Forecast From 2021 – 2030

Global Sulfuric Acid Market Overview-

In 2020, the sulfuric acid Market value is registered as USD 10.22 billion and is expected to grow at a significant rate of 2.76% CAGR with the sulfuric acid market size of USD 12.36 billion during the forecast period (2021-2030), Market Research Future (MRFR) unveils in a detailed report. Sulfuric acid market is considered one of the largest industrial chemicals in terms of volume. Sulfuric acid, also termed as vitriol, is a mineral acid, which is composed of oxygen, sulfur, and hydrogen, and is an odorless, colorless, and syrup liquid. Sulfuric acid is soluble in water and is synthesized in reactions, which are considered highly exothermic.

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Sulfuric Acid Market - Prominent Players Analysis:

Agrium, Akzo Nobel, Bayer, Bp, Chevron, Cytec Industries, Dupont, Evonik Industries, Honeywell, Solvay, and many more.

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Industry News:

In February 2020, Voyageur Pharmaceuticals Ltd. Announced that they had received successful test results from SGS Minerals SGS Life Sciences division ("SGS") on the Frances Creek barite project. SGS testing is a part of the preliminary process that would assess the economic state of the Frances Creek project. The company confirmed the barium sulfate mined from the Frances Creek barium sulfate had met all the specifications released by the US Pharmacopeia (USP) guidelines.

The global market is expected some struggles in the coming days due to the COVID-19 pandemic outbreak. As a result of this outbreak, various industries have started suffering due to the lack of demand. Barite finds significant usage in the oil and mining sector, but due to the imposed lockdowns, the sector failed to meet the general standard of production. This triggered measures to save costs. It would affect the intake capacity of barite. Also, the slump in the construction sector can deter global market growth.

Sulfuric Acid Market - Segments:

The sulfuric acid market trends have been segmented globally based on the raw material, application, and region.

By Raw Material -

Elemental sulfur base metal, smelters pyrite ore, and others (from oil petroleum refineries).

By Region -

Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the sulfuric acid market.

• Table OfContent

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Sulfuric Acid Market

5 Industry Overview Of Global Sulfuric Acid Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

5.5 Impact Analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

1. Global Sulfuric Acid Market By Region

Sulfuric Acid Market(Dilute Sulphuric Acid, Battery Acid, Concentrated Sulphuric Acid, And Chamber Acid)

Sulfuric Acid MarketPhosphate Fertilizers, Pulp And Paper Industry, Metal Processing, And Other Applications

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