Sulfuric Acid Market worth 11.8% CAGR by 2028

Bengaluru, July – The sulfuric acid has a prominent role in the chemical industry. Sulfuric acid used as a base acid to produce various compounds such as sulfate salts, pigments and so on. Sulfuric acid is a mineral acid which has no color and no smell. The sulfuric acid is generated from the chemical reaction of water with the sulfuric oxide by using various processes.
As environmental concerns intensify, many countries are implementing stricter regulations on air pollution. Sulfuric acid plays a role in emission control technologies like flue gas desulfurization (FGD) in power plants, driving demand. Moreover, the demand for batteries, particularly lead-acid batteries used in automotive and renewable energy storage applications, contributes to the growth of the sulfuric acid market.

There is a growing demand for environmentally friendly and sustainable products. The development and adoption of greener production methods for sulfuric acid, such as using renewable energy sources or recycling sulfur-containing waste streams are presenting opportunities for companies to meet this demand and gain a competitive edge. Further, the increasing use of renewable energy sources like solar and wind necessitates efficient energy storage solutions. Sulfuric acid is a crucial component in lead-acid batteries used for energy storage, and advancements in this technology could open new opportunities for the sulfuric acid market.

The Sulfuric Acid Market research report titled as “Sulfuric Acid Market on the by Material, Application and Geography – Forecast up to 2028”

BASF SE, Akzo Nobel N.V., OCP Group, Groupe Chimique Tunisien and PotashCorp are the key competitors operating in the market.

The prices of sulfuric acid are rising owing to the growing demand for the product in Asia Pacific this region is leading the market. Increasing requirement to extend the production of phosphate fertilizer due to expanding fertilizer sector and restricted environmental regulations pertaining to the manufacturing of eco-friendly products is likely to support the growth of the market in t Asia Pacific region.

The report consists of —- Tables 79 and charts 49 depicting the in-depth market study and the impact analysis of COVID-19 by Vendor name and detailed TOC.

Sulfuric Acid Market as per the Raw Material:

Elemental Sulfur
Base Metal Smelters
Pyrite Ore
Others

Sulfuric Acid Market as per the Application:

Fertilizers
Chemical manufacturing
Metal Processing
Petroleum Refining
Textile Industry
Automotive
Pulp & Paper
Others

Sulfuric Acid Market as per the Geography:

North America
Europe
Asia Pacific
Rest of the World

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