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Anhydrous Sulfuric Acid Market Increases Geriatric Population to Drive Growth 2027 – The Daily Vale

the global anhydrous sulfuric acid market size, rated at 11.42 billion USD in 2020 and reach 13.47 billion USD in 2027, registering a slow CAGR of 2.87% over the forecast period, 2021-2027. The continued demand for phosphate fertilizers from the agricultural industry is mainly supporting the sales of anhydrous sulfuric acid in the global market. The anhydrous sulfuric acid market is expected to slightly boost the demand from the automotive industry over the forecast period.

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Factors expected to influence the performance of the Anhydrous Sulfuric Acid Market over the forecast period:

  • The growing demand for higher agricultural yields and the decreasing availability of fertile land due to urbanization has led to an increased reliance on fertilizers, especially phosphate fertilizers. This growing demand for phosphate fertilizers is expected to drive the anhydrous sulfuric acid market over the forecast period.
  • The increasing application of anhydrous sulfuric acid in the automotive industry to manufacture various types of batteries is expected to drive a slight rise in the anhydrous sulfuric acid market.
  • Increasingly stringent government regulations on the use of anhydrous sulfuric acid, as the production process is not environmentally sustainable, is likely to hamper the growth of the anhydrous sulfuric acid market in during the forecast period.
  • Growing investments in development activities related to the chemical synthesis of hydrochloric acid, nitric acid and phosphoric acid, among other industrial chemicals, are accelerating the demand for anhydrous sulfuric acid as a feedstock, boosting thus market growth.
  • Rising demand for detergents is also expected to propel the growth of the anhydrous sulfuric acid market.

Impact of COVID-19 on the Anhydrous Sulfuric Acid Market:

The COVID-19 crisis has significantly affected the anhydrous sulfuric acid market, resulting in lower overall demand. The economic downturn and recession have led to a major decline in the demand for products from end-use industries, which is expected to negatively impact the anhydrous sulfuric acid market in the early years of the forecast period. Growing surplus of sulfuric acid and severe disruption in the entire supply chain are critical challenges facing the anhydrous sulfuric acid market. Combined cooperative efforts of all stakeholders are needed to reduce them and get the market back on track.

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Report scope

The report outlines the Anhydrous Sulfuric Acid market study based on raw material type, application, and manufacturing.

On the basis of feedstock type, the anhydrous sulfuric acid market has been segmented into –

  • pyrite ore
  • Elemental sulfur
  • Base metal foundries
  • Others

Based on Application, the anhydrous sulfuric acid market has been segmented into –

  • Fertilizers
  • Pulp and paper
  • textiles
  • Chemical manufacturing
  • Metal processing
  • Automotive battery acid
  • Petroleum refining and others

On the basis of manufacturing process, the anhydrous sulfuric acid market has been segmented into –

  • Single contact process
  • Wet contact process
  • Master chamber process
  • Others

Anhydrous Sulfuric Acid Market: Regional Outlook

Geographically, the anhydrous sulfuric acid market has been segmented into Asia-Pacific, Europe, North America, and Middle East & Africa. In 2020, Asia-Pacific dominated the global market, followed by North America. Rising sulfur production in China and Japan and growing demand for anhydrous sulfuric acid from the Philippines and Indonesia will continue to be key drivers for Asia-Pacific’s leading position in the global sulfuric acid market. anhydrous sulfuric acid.

Key Competitors in Global Anhydrous Sulfuric Acid Market include-

  • PVS Chemical Solution (USA)
  • AkzoNobel NV (Netherlands)
  • BASF SE (Germany)
  • Dow Dupont (USA)
  • Agrium Inc. (Canada)
  • Aurubis (Germany)
  • The Mosaic Company (USA).

Some of the major players in the anhydrous sulfuric acid market are focusing on growth strategies such as expansion, acquisitions, joint ventures, new product lines and advanced technological adaptation globally to improve their market share. market. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country.

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Anhydrous Sulfuric Acid Market Report Covers Comprehensive Analysis on:

  • Market Segmentation and Regional Analysis
  • 10 year market size
  • Price analysis
  • Supply and demand analysis
  • Product life cycle analysis
  • Porter’s Five Forces and Value Chain Analysis
  • Analysis of developed and emerging economies
  • PEST analysis
  • Factor analysis of the market and forecasts
  • Opportunities, risks and market trends
  • Conclusion and recommendation
  • Regulatory landscape
  • Patent Analysis
  • Competition landscape
  • More than 15 company profiles

Regional Analysis of Anhydrous Sulfuric Acid Market Includes:

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

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Anhydrous Sulfuric Acid Market: Target Audience

  • Sulfuric acid manufacturers, distributors and sellers
  • Companies in the chemical sector
  • Businesses related to agriculture and fertilizers
  • Research Laboratories – Universities and Private Institutions
  • Trade publications and magazines
  • Government authorities, associations and organizations