Posted By Uma Rajagopal
Posted on January 4, 2022
According to the latest market study published by Future Market Insights (FMI), the demand for sulphuric acid is set to rise on account of its application in production of fertilizers. As per the report, demand for sulphuric acid will increase by 3.2% CAGR between 2021 and 2031. Focus on improving agricultural yield across the globe is elevating the demand for fertilizers. Sulphuric acid, being a key constituent used in production of phosphate based fertilizers, is expected to register notable surge in demand with the growth in sales of fertilizers during the forecast period.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6753
Economic expansion in Latin America, East Asia, South Asia Pacific and others has pushed infrastructure development activities. This is expected to propel the demand for metals in the aforementioned regions.
Coupled with this abundant metal reserve in these regions is supporting the expansion of metal processing. FMI has projected application of sulphuric acid will increase, particularly in the metal extraction industry.
In addition to this, regulations implemented to ascertain the quality of fuel will increase the demand for sulphuric acid globally. Sulphuric acid is used as key catalyst in various operations in petroleum refining process. Growth in petroleum refining industry is likely to augment the sales of sulphuric acid in developed economies.
For critical insights on this market, request to ask an expert here @ https://www.futuremarketinsights.com/askus/rep-gb-6753
Key Takeaways from Sulphuric Acid Market Study
- Global sulphuric acid market is expected to reach a value of US$ 18 Bn by the end of the forecast period.
- Fertilizers industry will account for maximum sales of sulphuric acid.
- China is expected to lead sulphuric acid sales in East Asia.
- The U.S. will exhibit maximum demand for sulphuric acid in North America.
- Key manufacturers are focusing on expansion through strategic mergers, acquisitions and collaborations.
- Regulations implemented to curb the harmful emission from sulphuric acid might hamper sales.
“Consistently growing demand from various end users, particularly fertilizers, metal production and processing, and petroleum refining industries is driving sales of sulphuric acid,” said an analyst at FMI.
For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-6753
Sulphuric Acid Market: Participant Insights
According to the Market Research analysis, 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., Linde Group, Nouryon, Cornerstone Chemical Company, Ma’aden – Saudi Arabian Mining Company, Canada Colors and Chemicals Limited, Hubei Xingfa Chemicals Group Co., Ltd, Asia Union Electronic Chemical Corporation (AUECC), Tata Chemicals, Trident Group, Boliden Group, UBE INDUSTRIES, LTD., Kel-Chemicals Ltd., Young Poong Co., Ltd., Jiangsu Mingsheng Chemical Co., Ltd., Shijiazhuang Xinlongwei Chemical Co., Ltd., Wylton (China) Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., Tayca Corporation among others are the key players identified by Future Market Insights in the market. Key Manufacturers are engaged in market expansion activities through strategic acquisitions, mergers, and collaborations to relish the maximum opportunity created in the market.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/sulfuric-acid-market
Press Release Source: https://www.futuremarketinsights.com/press-release/sulfuric-acid-market
According to the latest market study published by Future Market Insights (FMI), the demand for sulphuric acid is set to rise on account of its application in production of fertilizers. As per the report, demand for sulphuric acid will increase by 3.2% CAGR between 2021 and 2031. Focus on improving agricultural yield across the globe is elevating the demand for fertilizers. Sulphuric acid, being a key constituent used in production of phosphate based fertilizers, is expected to register notable surge in demand with the growth in sales of fertilizers during the forecast period.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6753
Economic expansion in Latin America, East Asia, South Asia Pacific and others has pushed infrastructure development activities. This is expected to propel the demand for metals in the aforementioned regions.
Coupled with this abundant metal reserve in these regions is supporting the expansion of metal processing. FMI has projected application of sulphuric acid will increase, particularly in the metal extraction industry.
In addition to this, regulations implemented to ascertain the quality of fuel will increase the demand for sulphuric acid globally. Sulphuric acid is used as key catalyst in various operations in petroleum refining process. Growth in petroleum refining industry is likely to augment the sales of sulphuric acid in developed economies.
For critical insights on this market, request to ask an expert here @ https://www.futuremarketinsights.com/askus/rep-gb-6753
Key Takeaways from Sulphuric Acid Market Study
- Global sulphuric acid market is expected to reach a value of US$ 18 Bn by the end of the forecast period.
- Fertilizers industry will account for maximum sales of sulphuric acid.
- China is expected to lead sulphuric acid sales in East Asia.
- The U.S. will exhibit maximum demand for sulphuric acid in North America.
- Key manufacturers are focusing on expansion through strategic mergers, acquisitions and collaborations.
- Regulations implemented to curb the harmful emission from sulphuric acid might hamper sales.
“Consistently growing demand from various end users, particularly fertilizers, metal production and processing, and petroleum refining industries is driving sales of sulphuric acid,” said an analyst at FMI.
For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-6753
Sulphuric Acid Market: Participant Insights
According to the Market Research analysis, 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., Linde Group, Nouryon, Cornerstone Chemical Company, Ma’aden – Saudi Arabian Mining Company, Canada Colors and Chemicals Limited, Hubei Xingfa Chemicals Group Co., Ltd, Asia Union Electronic Chemical Corporation (AUECC), Tata Chemicals, Trident Group, Boliden Group, UBE INDUSTRIES, LTD., Kel-Chemicals Ltd., Young Poong Co., Ltd., Jiangsu Mingsheng Chemical Co., Ltd., Shijiazhuang Xinlongwei Chemical Co., Ltd., Wylton (China) Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., Tayca Corporation among others are the key players identified by Future Market Insights in the market. Key Manufacturers are engaged in market expansion activities through strategic acquisitions, mergers, and collaborations to relish the maximum opportunity created in the market.
Explore FMI’s Extensive Coverage on Chemicals & Materials Domain
N-Methyl-2-Pyrrolidone (NMP) Market : N-Methyl-2-Pyrrolidone (NMP) Market by Applications (Petrochemical Processing, Paints & Coatings, Industrial Cleaners, Electronics, Agrochemicals, Pharmaceuticals), and Region for 2022 – 2028
Microcrystalline Cellulose Market : Microcrystalline Cellulose Market by Material (Wood-based, Non-wood based), Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Paints & Coatings), and Region for 2022 – 2028
Vinyl Flooring Market : Vinyl Flooring Market by Format (Sheet, Plank, Tile), Product Type (Inlaid, Printed), Application (Residential, Commercial, Industrial), and Region for 2022 – 2028
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/sulfuric-acid-market
Press Release Source: https://www.futuremarketinsights.com/press-release/sulfuric-acid-market
