Sulfuric Acid Market: Overview
Sulfuric acid is an extremely corrosive acid that is highly soluble in water. It is one of the most widely produced as well as consumed bulk chemicals worldwide. Sulfuric acid is employed in a wide range industrial and domestic applications. Major applications of sulfuric acid include fertilizers, wastewater treatment, chemical synthesis, metal & mining, paper, and pharmaceutical.
The report estimates the sulfuric acid market on the global, regional, and country level. The study provides forecast from 2017 to 2023 based on volume (million tons) and revenue (US$ Bn).
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The study offers a comprehensive view of the sulfuric acid market by dividing it into key application segments such as fertilizers, chemical synthesis, wastewater treatment, metal & mining, and others. Application segments have been analyzed based on present and future trends, and the market has been estimated from 2017 to 2023 in terms of volume (million tons) and revenue (US$ Bn). Regional segmentation includes current and forecast demand for sulfuric acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).
Key countries such as the U.S., the U.K., France, Germany, Italy, Spain, China, Japan, Brazil, South Africa, as well as ASEAN and GCC are incorporated in the study. Market segmentation includes demand for individual applications in all the regions and countries.
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Global Sulfuric Acid Market: Key Aspects
The report comprises a comprehensive value chain analysis that provides a broad view of the market. Value chain analysis also provides detailed information about value addition at each stage of the value chain. The report covers drivers and restraints for the sulfuric acid market along with their impact on demand during the forecast period. Additionally, it includes the study of opportunities in the sulfuric acid market at the global level.
The report comprises Porter’s Five Forces Model to gauge the degree of competition in the sulfuric acid market. The report encompasses a qualitative write-up on market attractiveness analysis, wherein applications have been analyzed based on their attractiveness, growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated to derive general attractiveness of the market.
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Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of the research efforts, supplemented by extensive secondary research.