Market Research Report
Sulfuric Acid Market Analysis By Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore), By Application (Fertilizers, Chemical Manufacturing, Refinery, Textile), And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||600826|
|Published||Content info||105 Pages
Delivery time: 2-3 business days
|Sulfuric Acid Market Analysis By Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore), By Application (Fertilizers, Chemical Manufacturing, Refinery, Textile), And Segment Forecasts, 2014 - 2025|
|Published: November 14, 2017||Content info: 105 Pages||
The global sulfuric acid market is expected to be valued at USD 13.45 billion by 2025, according to a new report by Grand View Research, Inc. Increasing investments in plant facilities due to the rising production capacity of phosphate fertilizer and tightening environmental regulations are anticipated to spur the market over the foreseeable period.
Rising demand for the production of nutrient-rich food crops is expected to boost the industry. Increasing requirement for the continuous & sustainable H2SO4 product for the manufacturing of phosphate fertilizer, inorganic chemicals, detergents & soaps, dyes, and gasoline is expected to trigger industry growth over the forecast period.
Growing suppliers of sulfuric acid in Saudi Arabia due to the presence of large number of acid manufacturing facilities to strengthen the growth of phosphate is expected to spur the Middle East regional market. Factors such as increase in the number of initiatives carried out by companies such as DuPont, Outotec, and Sumitomo Corporation to expand their plant facilities, enhance distribution network, and expand processing capacities are projected to propel the market over the next eight years.