Global Sulfuric Acid Market
Added: (Fri Apr 05 2019)
Pressbox (Press Release) -
Global Sulfuric Acid Market was valued US$ 71.40 Bn in 2017 and is anticipated to reach US$ 89.50 Bn by 2026 at a CAGR of about 2.86 % during a forecast.
Global Sulfuric Acid market is segmented by raw material, by application and by region. Sulfuric Acid market is segmented into Elemental Sulfur, Base Metal Smelters, Pyrite Ore and Others. Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper and Other are application segment of sulfuric acid market. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Increasing demand from the various end-use industries is considered to be one of the primary growth drivers for sulfuric acid market. Moreover, growing production of nutrient dense food crops, increasing use of sulphuric acid in metal processing, rising demand for sulfur based fertilizers, continuous and stable demand for sulfuric acid due to several end-user applications and rising demand from oil & gas industry, waste water treatment are the factors favouring the market growth.
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