Sulphuric Acid Industry Showing Impressive Growth during Forecast Period 2022-2031

New York, Global Sulphuric Acid Market from Global Insight Services is the only authoritative source for intelligence on the Sulphuric Acid Market . The report will provide you with an analysis of the impact of the latest market disruptions such as the Russo-Ukrainian War and Covid-19 on the market. The report provides a qualitative analysis of the market using various frameworks such as Porters Analysis and PESTLE. The report includes in-depth segmentation and market size data by categories, product types, applications, and geographic regions. The report also includes a comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as mergers and acquisitions activities in the market.

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Sulphuric acid is a colourless, oily liquid with a strong, pungent odour. It is a highly corrosive acid and is one of the most widely used chemicals in industry. Sulphuric acid is used in the manufacture of fertilizers, explosives, dyes, detergents, and in the petroleum industry. It is also used in car batteries and as a drain cleaner.

Market Segments

The Sulphuric Acid Market is segmented by raw material, application, and region. By raw material, the market is divided into elemental sulfur, base metal smelters, pyrite ore and others. Based on application, it is bifurcated into fertilizers, chemical manufacturing, metal processing, petroleum refining, textile industry, and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Sulphuric Acid Market includes players such as BASF SE, Ineos Group Ltd, KANTO Corporation, Aurubis AG, Avantor Performance Materials, LLC, PVS Chemicals Inc., Seastar Chemicals, KMG Chemicals, Qingdao Hisea Chem Co.Ltd., and Linde Group.

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Key Trends

The key trends in sulphuric acid technology are:

– Increasing use of sulphuric acid in the production of fertilizers and other chemicals
– Increasing use of sulphuric acid in the mining industry
– Development of new and more efficient sulphuric acid production processes
– Increasing use of sulphuric acid in the oil and gas industry
– Development of new and more efficient sulphuric acid recovery processes

Key Drivers

The key drivers of the sulphuric acid market are:

1) Increasing demand from the fertiliser industry: Sulphuric acid is a key ingredient in the production of fertilisers, and the demand for fertilisers is increasing globally as the population continues to grow.

2) Increasing demand from the mining industry: Sulphuric acid is used in the mining industry for the extraction of metals such as copper, lead and zinc.

3) Increasing demand from the chemical industry: Sulphuric acid is used in the production of a variety of chemicals, including detergents, dyes and pigments.

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