The report "Sulfuric Acid Market by Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore), Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper) - Global Forecast to 2021",global sulfuric acid market is projected to reach USD 11.10 billion by 2021, at a CAGR of 2.87% during the forecast period. It is projected to reach 278.33 million tons by 2021, at a CAGR of 2.20% during the forecast period. This growth can be attributed to the increase in the production of nutrient rich food crops, which extensively use fertilizers, the largest application of sulfuric acid, and steady demand for sulfuric acid due to its diversified applications.
Based on raw material, the elemental sulfur segment is expected to lead the sulfuric acid market during the forecast period followed by the base metal smelters segment. The demand for elemental sulfur is driven by its effective and substantial use in the production of sulfuric acid, which is the key chemical used in a variety of applications. Elemental sulfur is oversupplied in the market, which rules out the possibility of its deficiency as a key raw material for the production of sulfuric acid. Therefore, the demand for elemental sulfur is estimated to grow in the future.
Sulfuric acid manufacturers such as The Mosaic Company (U.S.), PotashCorp (Canada), Groupe Chimique Tunisien (Tunisia), Maaden - Saudi Arabian Mining Company (Saudi Arabia) and OCP Group (Morocco), PVS Chemicals (U.S.), Aurubis (Germany), Chemtrade Logistics Income Fund (Canada), BASF SE (Germany), Akzonoble NV (Netherlands), DuPont (U.S.), INEOS Enterprises (Switzerland), and Agrium Inc. (Canada) have been covered in the report.
