Sulphuric Acid Market

Sulphuric Acid Market - Global Industry
Insights, Trends, Outlook, 2016–2024
Sulphuric acid is denoted by the molecular formula H​2​SO​4​. It is categorized as a strong
mineral acid with high corrosive abilities. The acid is a viscous liquid that is soluble in
water, and its color varies from yellow to colorless, depending upon the concentration.
The strong mineral mixture depicts varied properties with regards to varied
concentrations. The nature of strong acidity enables it to cause corrosion of living
tissues and metal surfaces. At high concentrations, it shows different properties
including, strong dehydration, oxidization, and hygroscopic.
Elemental sulfur is the most widely used raw material to produce sulphuric acid. While
sulphuric acid finds varied application across a broad spectrum of industries, its single
largest application is in the production of fertilizers.
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Prevalent Scenario in Sulphuric Acid Market
Sulphuric acid is utilized to manufacture phosphoric acid. This phosphoric acid is later
employed for the production phosphate fertilizers including, ammonium phosphates and
calcium dihyrogenphosphate. Increasing demand for fertilizers owing to rising
agricultural activities is anticipated to positively drive the growth over the forecast
period. Sulphuric acid is used in manufacturing a number of chemicals including, nitric
acid, hydrochloric acid, ammonium sulphate, and aluminum sulphate. The growing
demand for industrial chemicals for manufacturing various commercial products is
projected to propel growth of the market over the next few years. Sulphuric acid is
utilized for pH adjustment, oil splitting and generation of chlorine dioxide in paper & pulp
industry. Rapid growth in paper & pulp is projected to aid growth of the market over the
foreseeable future.
The acid, when at high concentration causes serious damage to human beings and can
lead to skin irritation and even permanent blindness. Owing to hazardous effects of the
strong acidic mixture, it is often subjected to strict governmental regulations. The
American Conference of Governmental Industrial Hygienists (ACGIH), has categorized
the acid as a carcinogen. The U.S. Environmental Protection Agency (EPA), has listed
sulphuric acid as a toxic chemical. The Occupational Safety and Health Administration
(OSHA 1998), has laid down guidelines for the permissible exposure limit (PEL), of the
sulphuric acid to 1mg/m​3​. These regulations govern use of the strong acidic mixture in
end-use applications and also the raw materials utilized to produce it. These stringent
regulations coupled with the high raw material prices, are expected to hinder the growth
of the market over the forecast period. North America and Europe are expected to
account for the largest share in the market, on account of presence of major players in
the region. The region of Central & South America is projected to witness a steady
growth in its market share owing to the rapid industrialization in the region. Asia Pacific
is projected to experience the fastest growth owing to burgeoning growth of various
end-use industries in emerging economies such as China and India. Sulphuric acid is
used in the most common hydrometallurgical processes to leach the ores in order to
extract metals. Countries including South Korea and Japan, have a large number of
metal smelters, and thus are anticipated to contribute towards the market growth in the
near future.
Fragmented Market
The global market is highly fragmented due to the participation of many established and
emerging players in the market. Major players involved in the market include PVS
Chemical Solution and Phelps Dodge, CF Industries, The Mosaic, AkzoNobel N.V.,
Agrium Inc., Rhodia, Langeloth International, Honeywell International, Bayer AG,
DuPont de Nemours & Co., Potash Corp (PCS Phosphate), Chevron Corporation,
Lucite International, Chemtrade Logistics, Southern States Chemical, Climax
Molybdenum Co., Big River Zinc Sauget, Cytec Industries, Tampa Electric, Solvay S.A.,
Evonik Industries, Chemtrade Refinery Services, BP Valero Energy, and The Doe Run.
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Sulphuric Acid Market report categorizes global market by raw material type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024