Global Sulfuric Acid Market 2023-2027
The sulfuric acid market is forecasted to grow by USD 6,882.03 mn during 2022-2027, accelerating at a CAGR of 4.06% during the forecast period. The report on the sulfuric acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in demand for sulfuric acid in electronics industry, growing demand from diversified applications, and regulations emphasizing water conservation.
Technavio's sulfuric acid market is segmented as below:
By Raw Material
- Base metal smelters
- Elemental sulfur
- Pyrite ore
By Application
- Phosphate fertilizer
- Metal processing
- Chemical production
- Others
By Geographical Landscape
- APAC
- Middle East and Africa
- North America
- Europe
- South America
This study identifies capacity expansions and new plant additions as one of the prime reasons driving the sulfuric acid market growth during the next few years. Also, the recovery of by-product sulfuric acid at smelters and the rapid growth of smart cities will lead to sizable demand in the market.
The report on the sulfuric acid market covers the following areas:
- Sulfuric acid market sizing
- Sulfuric acid market forecast
- Sulfuric acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sulfuric acid market vendors that include BASF SE, Boliden AB, China National Chemical Corp., Cornerstone Chemical Co., DuPont de Nemours Inc., Ecovyst Inc., Glencore Plc, Gulf Fluor, Hindustan Zinc Ltd., Honeywell International Inc., Korea Zinc Co. Ltd., Lanxess AG, Nouryon Chemicals Holding BV, Sumitomo Chemical Co. Ltd., Thermo Fisher Scientific Inc., Trident Ltd., WeylChem International GmbH, Aurubis AG, Chemtrade Logistics Income Fund, and Jubilant Industries Ltd.. Also, the sulfuric acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.