DUBLIN--(BUSINESS WIRE)--The "Sulfuric Acid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global sulfuric acid market to grow with a CAGR of 2.7% over the forecast period of 2018-2024.
The demand of sulfuric based fertilizers is the primary factor driving the growth of the sulfuric acid market worldwide. Sulfuric acid has the great product portfolio as compared to other chemicals in the world. In addition, increasing use of sulfuric acid in the oil & gas industry as well as in water treatment is contributing to the market growth over the forecast period.
However, in various countries the government is not favorable for the use of sulfuric acid as it is very dangerous in nature. The factors such as unfavorable government policies and the high prices of the raw material acts as a restraint for the market growth of sulfuric acid. Moreover, the rising use of sulfuric acid in the various application is projected to create various opportunities in the upcoming years.
Among the applications, the fertilizers segment accounts for almost 49% of the market share in the total market. The demand of Phosphate Fertilizers is rising vary promptly in the world market as the production of nutrient rich food crop is increasing.
Geographically, Asia-Pacific has the highest market share in the sulfuric acid market.
Key Topics Covered
1. Preface
2. Executive Summary
3. Global Sulfuric Acid Market Overview
4. Macro Indicator Analysis
5. Global Sulfuric Acid Market by Grades (USD Million & KT)
6. Global Sulfuric Acid Market by Applications (USD Million & KT)
7. Global Sulfuric Acid Market by Region 2018-2024 (USD Million & KT)
8. Companies Covered
- BASF SE
- DuPont
- AkzoNobel N.V
- Agrium
- Vale Fertilizantes S.A.
- Evonik Industries
- Chevron and Solvay
- Bayer
- Praxair Inc.
- Khaitan Chemicals & Fertilizers Limited
For more information about this report visit https://www.researchandmarkets.com/research/xknl8p/global_sulfuric?w=4
