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Sulfuric Acid Market Trends

Report ID: GMI6832
Published Date: Sep 2023
Report Format: PDF

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Sulfuric Acid Market Trends

Recent developments in the sulfuric acid industry indicate an increasing emphasis on sustainable production methods, recycling efforts to reduce environmental impact and technological advancements that provide sulfuric acid production efficiency increases and resource consumption decreases. Furthermore, market research indicates a growing demand for sulfuric acid in emerging economies driven by expanded industrial and agricultural activities, with improvements in infrastructure development is further enhanced.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for sulfuric acid was worth USD 23.1 billion in revenue in 2023 and is projected to reach USD 56 billion by 2032 driven by rising adoption in the chemical industry, metals processing industry, and fertilizers.

Sulfuric acid industry from the elemental sulfur segment generated USD 11.40 billion in revenue in 2022 and is expected to witness high demand through 2032 due to their high availability and established production processes.

U.S. market size for sulfuric acid was USD 6.1 billion in 2022 and is anticipated to expand significantly through 2032 owing to increasing usage in fertilizer production for supporting agricultural activities in the US.

Some of the top companies engaged in the sulfuric acid business are BASF SE, DuPont de Nemours, Inc., The Mosaic Company, Akzo Nobel N.V., Valero Energy Corporation, PVS Chemicals, Inc., PotashCorp, Ineos Enterprises, Praxair Technology, Inc., Chemtrade Logistics, Southern States Chemical, and Agrium Inc.