Shital Chaudhari > 14:51 30/09/2023
Sulfuric Acid Market was valued at USD 16.46 Billion in 2022, and it is expected to reach USD 35.72 Billion by 2029, exhibiting a CAGR of 11.7% during the forecast period (2023-2029)
Sulfuric Acid Market Overview:
The competitive landscape of the Sulfuric Acid market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization's concentration on the Sulfuric Acid market.
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Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
An essential industrial ingredient utilized in the creation of fertilizers is sulfuric acid. Sulfuric acid is used in agriculture and farming, primarily as fertilizer, accounting for almost half of the world's supply. Lime superphosphate and ammonium sulfate are two phosphate fertilizers made with sulfuric acid. Because sulfuric acid increases agricultural productivity, producers may produce more profitable, nutrient-dense crops. The production of monoammonium phosphate (MAP) and diammonium phosphate (DAP), both of which are mixed with phosphate rock to create phosphoric acid, uses sulfuric acid as a raw material. To improve crop quality and output, farmers use fertilizers that contain the three essential nutrients nitrogen, phosphorus, and potassium.
by Raw Material
Base Metal Smelters
Pulp & Paper
Primary and secondary research are used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The following are the key players of the Sulfuric Acid market-
1. KANTO Corporation (US)
2. KMG Corporate (US)
3. Cornerstone Chemical Company (US)
4. PVS Chemicals Inc.(US)
5. Kel Chemicals (US)
6. Canada Colors and Chemicals Limited (Canada)
7. Seastar Chemicals Inc (Canada)
8. Aurubis AG (Germany)
9. BASF SE (Germany)
10.Ineos Group Ltd (UK)
11.Linde plc (Ireland)
13.Boliden Group (Sweden)
14.Tata Chemicals (India)
15.Trident Group (India)
16.Hindustan Copper Ltd. (India)
17.Wylton (China) Chemical Co., Ltd. (China)
18.Hubei Xingfa Chemicals Group Co., Ltd (China)
19.Sumitomo Chemical Co., Ltd. (Japan)
20.Tayca Corporation (Japan)
21.UBE Corporation (Japan)
22.Young Poong Co., Ltd. (South Korea)
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Individual market influencing components and changes in market rules that impact present and future market trends are also explored in the research's geographical component. Downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.
COVID-19 Impact Analysis on Sulfuric Acid Market:
In addition, the paper evaluates the influence of COVID-19 on the Sulfuric Acid market. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Sulfuric Acid Market. The analysis focuses on market share and size, clearly illustrating the impact of the pandemic on the global Sulfuric Acid Market in the next years.
Key Questions Answered in the Sulfuric Acid Market Report are:
• What will be the Sulfuric Acid market's CAGR throughout the projected period (2021-2027)?
• Which market category emerged as the market leader in the Sulfuric Acid industry?
• Who are the key players in the Sulfuric Acid market?
• What important trends in the Sulfuric Acid industry are anticipated to develop throughout the forecast period?
• How big will the Sulfuric Acid market be in 2027?
• In 2020, which business segment had the highest proportion of the Sulfuric Acid market?
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