Sulfuric acid, also known as ‘oil of vitriol’, having the molecular formula H2SO4 is a diprotic acid, which has a variety of properties depending upon its concentration and is a highly corrosive mineral acid. Sulphuric acid has the biggest output of any chemical in the world with properties such as pungent-ethereal, colorless to slightly yellow viscous liquid which is highly soluble in water at all concentrations. Sulphuric acid being a strong acid with a wide range of properties is majorly used in the manufacturing process of chemicals to make sulfate salts, pigments, dyes, nitric acid, sulfate salts, and others. It also serves as the electrolyte in the lead acid storage battery. Globally increasing demand for the sulphur based fertilizers is expected to be the key growth driver for sulphuric acid during the period of study.
Geographically, Asia Pacific has the largest market share for the sulphuric acid market due to higher demand and consumption of sulphuric acid in end-use applications due to lack of regulations. Asia-Pacific was followed by North America and Europe as second and third largest market for sulphuric acid. Asia Pacific region is expected to maintain its dominance in the global market owing to increasing domestic demand for sulphuric acid by the expanding industrial base, especially into emerging markets of China and India which are key growth drivers in the region and are expected to boost the Asia-Pacific sulphuric acid market.
This report identifies the global Sulphuric Acid market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global Sulphuric Acid market.
This report segments Sulphuric Acid market on the basis of manufacturing process, application, and regional market as follows:
- Sulphuric Acid Market, By Applications: Phosphate Fertilizers, Chemical Manufacturing, Agricultural Chemistry, Electrolyte in Lead-Acid Storage Battery, Metal Processing, and Others.
- Sulphuric Acid Market, By Manufacturing process: Lead Chamber process, contact method, wet sulphuric acid process and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the Sulphuric Acid market. Some of the major companies’ profiles in detail are as follows:
- Tampa Electric
- Chemtrade Refinery
- The Mosaic
- Lucite International
- Climax Molybdenum.