Sulfuric Acid Market Will Expected to Reach USD 13.88 Billion By 2027 | Reports and Data

September 26 19:03 2022
Sulfuric Acid Market Will Expected to Reach USD 13.88 Billion By 2027 | Reports and Data
Growing demand for sulfuric acid in the petroleum reefing process is playing a crucial role in boosting product demand.

The global sulfuric acid market is expected to reach USD 13.88 Billion by 2027, according to a new report by Reports and Data. Growing demand for fertilizers for high crop yield is one of the significant factors influencing the market growth. Fertilizers allow farmers to increase their crop yield by boosting the productivity of the agricultural land, as well as can make an otherwise less productive land produce substantial yields. Fertilizers are formulated to support the yield of certain plants by allowing the plants to absorb the essential macro and micronutrient easily. The worldwide demand for fertilizers has witnessed a decent pace of growth, with the demand being more than 138 million tons in the year 2000 and rose to around 210 million tons in the year 2019.

Sulfuric acid finds extensive application in automotive industries in the production of automobile batteries. This battery provides the requisite electricity needed to put electrical components to function, as well as converts chemical energy into the electrical energy that powers automobiles and gives energy to its starter. Also, it stabilizes the energy supply that keeps the engine running. According to the statistics released by the World Economic Forum, the number of passenger cars on the roads across is expected to increase two-fold by the year 2040, resulting in an increased demand for car batteries, and in turn, the demand for sulfuric acid

Click the link to get a Sample Copy of the Report:@ https://www.reportsanddata.com/sample-enquiry-form/3113

Further key findings from the report suggest

  • By raw materials, Pyrite ore held the second-largest market share in 2019. It is roasted in several kinds of furnaces, such as a rotary kiln, multiple-hearth furnace, and fluid bed roaster, producing gas with a rather lower sulfur dioxide content as compared to the combustion gases from burning elemental sulfur.
  • By distribution channel, the online distribution channel is projected to grow at a faster rate of 3.6% in the period 2020-2027, as this mode of distribution has the advantage of providing a broader exposure to the product produced by the manufacturers, especially with the proliferation of smart devices and internet connectivity.
  • By application, chemical production contributed to the second-largest market share in 2019 and is expected to grow at a rate of 3.1% in the forecast period. It is extensively used in the production of chemicals, including nitric acid, hydrochloric acid, dyes and pigments, sulfate salts, synthetic detergents, and explosives, among others.
  • The market in the Asia Pacific region contributed to the largest market share in 2019 and is likely to grow at a rate of 3.2% in the forecast period. The market dominance of the APAC region may be attributed to the presence of key producers in the region. Moreover, high demand for food, owing to the presence of a growing population in developing economies, such as India and China, and the easy availability of raw materials.
  • Key participants include BASF SE, DuPont, AkzoNobel NV, Solvay, Chemtrade Refinery, Valero Energy, Agrium Inc., PVS Chemical Solution, The Mosaic Company, and Potash Corp., among others.

Raw Materials Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)

  • Elemental Sulfur
  • Base Metal Smelters
  • Pyrite Ore
  • Others

Distribution Channel Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)

  • Online
  • Offline

Application Outlook (Volume, Kilo Tons, Revenue, USD Million; 2017-2027)

  • Fertilizers
  • Chemical Production
  • Metal Processing
  • Automotive
  • Petroleum Refining
  • Others

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Sulfuric Acid Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Sulfuric Acid Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Sulfuric Acid Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

Explore More Trending Reports:

Photoresist Market by Type (Positive Photoresist, Negative Photoresist), By Product Type (ArF Immersion Photoresist, Dry Photoresist, G-Line Photoresist, I-Line Photoresist, KrF Photoresist, and Others), By Application (LCD, OELD, Semiconductors and Integrated Circuit, Microcontact Printing, Microelectronics, Printed Circuit Boards, Others), By End Use and Region Forecast to 2030

Rheology Modifiers Market by Type (Organic, Inorganic), By Application (Paints and Coatings, Cosmetics and Personal Care, Pharmaceuticals, Adhesives and Sealants, Oil and Gas, Inks, Home Care Products, Others), and By Region Forecast to 2030

Sulfamic Acid Market, By Type (Powder, Liquid, Crystals), By Application (Paper and Pulp, Cosmetics, Food and Beverage, Agriculture, Pharmaceutical), and By Region Forecast to 2030

About Us:Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Media Contact
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Phone: +1-212-710-1370
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States
Website: https://www.reportsanddata.com/report-detail/sulfuric-acid-market