According to IMARC Group’s latest research report, titled “Sulphuric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, offers a comprehensive analysis of the industry, which comprises insights into the sulphuric acid market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global sulphuric acid market is expected to exhibit a CAGR of 3.02% during 2022-2027.
Sulphuric Acid Market Outlook:
Sulphuric acid (H2SO4) is a dense, corrosive, and colorless liquid prepared industrially by the reaction of water with sulphur trioxide (SO3). It is a concentrated and non-combustible acid that oxidizes, dehydrates, or sulfonates organic compounds. Sulphuric acid also reacts with water, alcohol, and metals to form flammable hydrogen gas and enhance the combustion of other substances. Sulphuric acid is utilized in various concentrations to manufacture industrial goods, such as dyes, pigments, explosives, fertilizers, detergents, inorganic salts, acids, etc. As a result, it finds extensive applications across several sectors, including automotive, petroleum refining, chemical, pharmaceutical, fertilizer, etc.
Get Free Sample Copy of Report at – https://www.imarcgroup.com/sulphuric-acid-market/requestsample
Sulphuric Acid Market Growth:
The escalating product demand in the agriculture industry to produce phosphate fertilizers, such as superphosphate of lime and ammonium sulfate, on account of the declining availability of arable land and the inflating food security concerns, is primarily driving the sulphuric acid market. Besides this, the elevating requirement for this compound as an electrolyte in lead-acid storage batteries of motor vehicle engines, farming equipment, and hospital imaging devices is further augmenting the market growth. Apart from this, the growing need for sulphuric acid as a household cleaning agent in soaps, laundry detergents, dishwasher liquids, etc., and the increasing awareness among consumers towards the importance of maintaining home hygiene are also catalyzing the global market. Moreover, the rising product popularity in the oil and gas sector as a catalyst for cleansing the impurities in metallurgical and petrochemical refining processes is anticipated to propel the sulphuric acid market over the forecasted period.
Key Market Segmentation:
Competitive Landscape with Key Players:
Breakup by Raw Material Type:
Breakup by Form:
Breakup by Distribution Channel:
Breakup by End Use Industry:
Breakup by Region:
Key Highlights of the Report:
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
