Sulphuric Acid Market Size to Cross $18 Billion by 2020
Rising
demand from fertilizer and metal processing industries to drive global
sulphuric acid market through 2025
According to TechSci Research
report, “Global Sulphuric Acid Market,
By Manufacturing Process, By Application, By Region Competition Forecast and
Opportunities, 2011 - 2025”, the global sulphuric acid
market is projected to register sales of $18 Billion in 2020, on account of surging
demand for phosphate fertilizers such as DAP (diammonium phosphate), MAP
(monoammonium phosphate), TSP (triple superphosphate), SSP (single
superphosphate), etc. Global demand for phosphate fertilizers is projected to
increase from 42.1 million tons in 2015 to 45.6 million tons by 2019. Furthermore,
global phosphoric acid production is anticipated to increase from 46 million
tons in 2015 to 51.9 million tons by 2019, thereby augmenting consumption of
sulphuric acid for production of phosphate fertilizers in the coming years.
Thus, expanding capacity to produce more phosphates, coupled with growing
application of sulphuric acid
as a raw material for chemical manufacturing processes and in metal leaching
are further expected to drive global sulphuric acid market through 2025.
Browse 22
market data Tables and 108 Figures spread through 165 Pages and an
in-depth TOC on "Global Sulphuric Acid Market"
https://www.techsciresearch.com/report/global-sulphuric-acid-market-by-manufacturing-process-lead-chamber-and-contact-process-by-raw-material-sulphur-exhaust-gases-pyrite-by-end-use-industry-fertilizers-chemical-etc-by-region-competition-market-forecast-opportunities/771.html
Global sulphuric acid market was dominated by Asia-Pacific
in 2015, and the trend is anticipated to continue through 2025, owing to vast
production capacity of sulphuric acid and phosphate fertilizers. The region houses
elemental sulphur and base metal smelters in countries such as China, India,
South Korea and Japan. Moreover, sulphur combustion dominated global sulphuric
acid market in 2015, and is expected to further continue dominating the market
through 2025, owing to increasing desulphurization of fuels. Furthermore, sulphur
combustion provides economic benefits to refinery and petrochemical plant
owners, as they can easily capture sulphur through installation of a
desulphurization unit.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=771
Customers can also
request for 10% free customization on this report.
“Europe
is expected to witness imbalance in demand and supply equilibrium of sulphuric
acid in the coming years, on account of declining demand from traditional
customers of European smelters. However, owing to growing demand for phosphate
fertilizers in APAC, coupled with expanding production capacity in various
regions across the globe to drive global sulphuric acid market through 2025.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Sulphuric Acid Market By Type, By Manufacturing Process, By
Application By Region, Competition Forecast and Opportunities, 2011-2025”
has evaluated the future growth potential of global sulphuric acid market and
provides statistics and information on market structure, size, share and future
growth of global sulphuric acid market. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes emerging trends
along with essential drivers, challenges and opportunities in global sulphuric
acid market.
About TechSci Research
TechSci Research
is a leading global market research firm publishing premium
market research reports. Serving 700 global clients with more than 600 premium market
research studies, TechSci Research is serving clients across 11 different
industrial verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]