According to the market research report “Sulphuric Acid Market : By Applications (Phosphate Fertilizers, Chemical Manufacturing, Agricultural Chemistry, Electrolyte in Lead-Acid Storage Battery); By Manufacturing (Lead Chamber, Contact) & By Region (Europe, North America, Others)-Forecast (2016-2021)”, published by IndustryARC, estimates to grow at a healthy pace.
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Sulphuric acid is not encountered on earth, due to sulphuric acid great affinity for water. Apart from that, sulphuric acid is a constituent of acid rain, which is formed by atmosphere oxidation of sulphuric dioxide in the presence of water i.e., oxidation of sulfurous acid.
Sulfur dioxide is the main byproduct produced when concentrated sulfuric acid -containing fuels such as coal or oil are burned. It is formed naturally by the oxidation of sulfide minerals, such as iron sulfide. The resulting sulfuric acid in water can be highly acetic acidic and is called acid mine drainage. This sulfuric acid liquid is capable of dissolving metals present in sulfide ores, which results in brightly-colored toxic stream. The oxidation of iron sulfide pyrite by molecular oxygen produces iron.
Scope & Regional Forecast of the Sulphuric Acid Market
Sulphuric acid provides a key global price assessments and analysis for sulphuric acid used in both the industrial and fertilizer markets. Acid is essential reading to all the players in the global sulphuric acid market. The report serves those in the fertilizers industry and chemical too, as well as the industry users of sulphuric acid, including copper, nickel, zinc, caprolactam, caustic soda, titanium dioxide and uranium. The majority of sulphuric sulphuric acid process is generated by burning sulfur, smelter acid is involuntarily produced and its economics are driven primarily by metal markets. Increase recovery of by product sulphuric acid at smelters has had a significant impact on the industry.
There is major one portion acid business that has grown as a result of environmental restrictions is the portion that regenerates sulphuric acid. Stricter environmental regulations along with satisfying customer demands are achieving operational efficiency and are also resulting in increased spending on plant upgrades among sulphuric acid production. Future growth in sulfuric acid intake will be driven by upsurge in inhabitants and the level to which publics in the developing world switch to augmented nutrition-rich food crops that need significant amounts of fertilizers. It will also be partial by the rate of increase in production of biofuels, especially corn-based fuels.
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Sulphuric acid industry is distributed throughout the world including such as countries like North America, Europe, Asia-Pacific and the rest of the world. Sulphuric acid market, it is projected to rise at an annual rate of 2% in the coming years. China is the foremost market, accounting for extra than 37% of consumption in 2017, followed by North America with about somewhere equal. The demand and the chemical use are expected to grow with a distinctive rate per year. Industrial uses will decline slightly through 2022.
Segmentations & Key Players Involved in the Sulphuric Acid Market
The Sulphuric Acid Market can be broken down into various segmentations on the basis of –
- Application: Phosphate Fertilizers, Chemical Manufacturing, Agricultural Chemistry, Electrolyte In Lead-Acid Storage Battery, Metal Processing and Others
- Manufacturing Process: Lead Chamber Process, Contact Process, Wet Sulfuric Acid Process and Others
- Geography: Europe, Asia Pacific, North America and Rest of the World (RoW)
Some of the key players involved in the Sulphuric Acid Market are as follows:
- Tampa Electric
- Chemtrade Refinery
- The Mosaic
- Lucite International
- Climax Molybdenum
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