Sulfuric Acid Market worth 11.10 Billion USD by 2021

1. MarketsandMarkets Presents Sulfuric Acid Market worth 11.10 Billion USD - Global Forecast to 2021 https://www.marketsandmarkets.com/Market-Reports/sulphuric-acid-market-1065.html

2. The global Sulfuric Acid Market is projected to reach USD 11.10 billion by 2021, at a CAGR of 2.87% during the forecast period. Furthermore, this market is projected to reach 278.33 million tons, at a CAGR of 2.20% from 2016 to 2021. Increase in the production of nutrient rich food crops and steady demand for sulfuric acid due to its diversified applications are the key factors driving the global sulfuric acid market. Browse 91 market data tables and 55 figures spread through 156 pages and in-depth TOC on "Sulfuric Acid Market by Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore and Others) Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper and Others) and Region - Global Forecast to 2021" Download PDF Brochure: Click Here It is projected to reach 278.33 Million tons, by 2021, at a CAGR of 2.20% by volume. This growth is attributed to the increase in the production of nutrient rich food crops which extensively use fertilizers, the largest application of sulfuric acid and sustainable and steady demands for sulfuric acid due to its diversified applications. The elemental sulfur segment led the sulfuric acid market in 2015 due to the abundance of elemental sulfur in the market. The production of sulfuric acid via sulfur is less polluting as compared to pyrite ore roasting and base metal smelter where companies/factories have to adopt strict procedures to treat the emitted SO2 gases before releasing them in the atmosphere.

3. The fertilizers segment is estimated to lead the sulfuric acid market during the forecast period. The population across the world is increasing, which leads to a rise in demand for better quality of food crops. With the decrease in hectares of arable land due to rapid industrialization and urbanization, chemicals such as fertilizers are used by farmers to increase the crop yield. Therefore, increasing use of sulfuric acid in fertilizer manufacturing is expected to drive the fertilizers segment of the sulfuric acid market during the forecast period. • The Asia-Pacific region led the global sulfuric acid market, in terms of both, value and volume in 2015. China is the largest market for sulfuric acid in the Asia-Pacific region and accounted for a major share of the market, in terms of value, in 2015. The flourishing chemical industry, easy availability of raw materials, and increasing developmental strategies such as setting up of production facilities to meet the growing demand for sulfuric acid are the key growth drivers for the sulfuric acid market in this region. • Target audience: • Regional manufacturers’ associations and general sulfuric acid associations • Raw material manufacturers • Traders, distributors, and suppliers of sulfuric acid • Government and regional agencies, and research organizations

4. Request for Sample: Click Here • Scope of the Report: • Basis of Raw Material: • Elemental Sulfur • Base Metal Smelters • Pyrite Ore • Basis of Application: • Fertilizers • Chemical manufacturing • Metal Processing • Petroleum Refining • Textile Industry • Automotive • Pulp & Paper

5. Industry Leaders: Major manufacturers such as The Mosaic Company (U.S.), PotashCorp (Canada), GroupeChimiqueTunisien (Tunisia), Maaden - Saudi Arabian Mining Company (Saudi Arabia) and OCP group (Morocco), PVS Chemicals (U.S.), Aurubis (Germany), Chemtrade Logistics Income Fund (Canada), BASF SE (Germany), Akzonoble NV(Netherlands), DuPont(U.S), INEOS Enterprises (Switzerland), Agrium Inc. (Canada) among others are profiled in this report.  Mosaic Company (U.S.) is one of the largest manufacturer of fertilizer in the world. It is into captive consumption of sulfuric acid. The production capacity of sulfuric acid of The Mosaic Company is around 17 million tons per annum. The company recently in 2016 acquired Vale Fertilizantes business of Vale S.A.(Brazil), a multinational corporation involved in metals and mining. PotashCorp (Canada) is another major fertilizer manufacturing company involved in captive consumption of sulfuric acid. The company acquired one of the big agrochemical company Agrium (Canada) to create a world-class integrated global supplier of crop inputs. The new company formed after the merger will be a leader in the fertilizer industry with operations and investments in 18 countries.

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