Sulfuric acid or H2SO4 is a strong mineral acid that is totally miscible with water and dissociates readily in water to sulphate ions and hydrated protons. Sulfuric acid is synthesized from hydrolysis of sulphur oxides produced by combustion processes, wet deposition, mostly as mixture with nitrogen oxides and nitric acid. The emissions of sulphuric acid in the aquatic environment usually occur from manufacturing industrial locations, after neutralisation and are primarily in the form of sulphate ions. Alternatively, following manufacturing and use, it can enter the terrestrial environment as stable gypsum (calcium sulphate). Moreover, sulfuric acid having a concentration of 93% to 98% is extensively used in the manufacture of fertilizers, dyes, explosives and petroleum products. The global sulfuric acid market is witnessing remarkable growth owing to increasing demand for sulphur-based fertilizers. Furthermore, the overall market is also being propelled by rising demand for sulphuric acid in the oil & gas industry and waste water treatment. The market is further boosted by technological advancements in the production of sulfuric Acid by various vendors across the globe.
One of the prominent trend witnessed by the market include increasing use of oleum, also called as or fuming sulfuric acid, across various applications. However, the global sulfuric acid market is hampered by strict environmental regulations due to toxicological effects of sulfuric acid coupled with volatility in raw material prices. The global market is estimated and forecasted in terms of revenue (USD million) generated by the sulfuric acid market. The report analyses the global sulfuric acid market based on raw material, application and manufacturing process and geography. Based on raw material, the market is segmented into elemental sulphur, base metal smelters, pyrite ore and others (from oil & petroleum refineries). Among all raw materials, the elemental sulphur accounted for the largest market share of the sulfuric acid market in 2017. This growth is attributed to abundant availability of elemental sulphur in the market. Also, production of sulfuric acid through elemental sulphur is less environment polluting as compared to pyrite ore roasting and base metal smelter. Based on application, the global sulfuric acid market is divided into fertilizers, metal processing, pulp & paper, petroleum refining, textile, automotive, chemical manufacturing and others. Fertilizer segment accounted for the largest application of sulfuric acid market in 2017. Growing use of sulfuric acid to produce quality fertilizers for agricultural use is projected to propel market growth. In addition to this, based on various manufacturing process, this market is categorized into lead chamber process, contact process, wet sulfuric acid process and others. By geography, the global sulfuric acid market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa.
Asia-Pacific is estimated to account for the largest share in 2017, both, in terms of value and volume. The blooming chemical industry and easy availability of raw material are the key growth drivers for sulfuric acid in this region. Moreover, increasing need to expand the production of phosphate fertilizer due to rising fertilizer sector and stringent environmental regulations concerning the manufacturing of eco-friendly products is likely to boost the market over the coming years. In addition to this, the North America is projected to grow at a lucrative growth rate over the estimate period, owing to increasing domestic demand for sulphuric acid from the chemical industry. The leading market players of the global sulfuric acid market include Agrium Inc., Akzonobel N.V., Aurubis, BASF SE, Chemtrade Logistics Inc., E. I. Du Pont De Nemours and Company, Groupe Chimique Tunisien Sa, Ineos Enterprises, Limited, Maaden - Saudi Arabian Mining Company, OCP Group, PhosAgro, Potashcorp, PVS Chemicals, Inc. and The Mosaic Company among others. New product launches and endorsements are the key growth strategies adopted by the major players to reinforce their positions in the international market. Furthermore, these companies are mostly involved in the manufacturing of sulphur and their by-products for use in various applications such as fertilizers, chemical manufacturing, petroleum refinery, and other related sectors.
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