Global Sulfuric Acid Market: China Driving Demand from Asia Pacific
Sulfuric acid will continue to be in demand, especially in the developing countries as they majorly depend on agriculture that requires phosphate fertilizers. Sulfuric Acid Market was valued at US$ 67.99 Billion in 2014 and is projected to reach US$ 85.40 Billion by 2023, expanding at a CAGR of 2.6
Sulfuric acid will continue to be in demand, especially in the developing countries as they majorly depend on agriculture that requires phosphate fertilizers. Sulfuric Acid Market was valued at US$ 67.99 Billion in 2014 and is projected to reach US$ 85.40 Billion by 2023, expanding at a CAGR of 2.6
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Transparency <strong>Market</strong><br />
Research<br />
<strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> - <strong>Global</strong> Industry Analysis, Size, Share,<br />
Growth, Trends, and Forecast 2015 – 2023<br />
Published Date<br />
03 - Feb - 2016<br />
133 Page Report<br />
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Press Release<br />
<strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong>: <strong>China</strong> <strong>Driving</strong> <strong>Demand</strong> <strong>from</strong> <strong>Asia</strong> <strong>Pacific</strong>, TMR<br />
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<strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> - <strong>Global</strong> Industry Analysis Size Share Growth<br />
Trends and Forecast 2015 – 2023<br />
As per the findings of a recent report by Transparency <strong>Market</strong> Research (TMR), the global<br />
sulfuric acid market is highly fragmented in nature, with top three players, PotashCrop, Vale<br />
Fertilizers, and The Mosaic Company, managing merely 10.5% of the overall shares in 2014.<br />
This highly competitive landscape, however, is marred by a sluggish growth, and there are very<br />
few new entrants aspiring a foray, owing to the capital-sensitive nature of the market as well as<br />
growing concerns regarding the hazardous effects of sulfuric acid.<br />
As per the projections of the TMR report, the demand in the global sulfuric acid market will<br />
increment at a moderate CAGR of 2.6% during the forecast period of 2015 to 2023, reaching an<br />
estimated valuation of US$85.4 bn by the end of 2023, slightly up <strong>from</strong> its evaluated worth of<br />
US$67.9 bn in 2014. In the near future, the participants are expected to change the pace of the<br />
market as well as earn higher revenues via mergers and acquisitions and development of highperformance<br />
products. Companies are also focused on earning customer faith in order to build a<br />
relationship and gain repeated demand. Developments in this market are primarily related to the<br />
formulation of new products that can reduce the carbon footprint.<br />
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http://www.transparencymarketresearch.com/sulfuric-acid-market.html<br />
Chemical Synthesis Segment Primed to Dislodge Fertilizers <strong>from</strong> Pole Position<br />
Application-wise, the report segments the global sulfuric acid market into chemical synthesis,<br />
fertilizers, wastewater treatment, metal and mining, and others such as pharmaceutical and<br />
paper and pulp. Currently, fertilizers segment serves the maximum demand, accounting for 60%<br />
in 2014. It always has been and is expected to remain highly profitable throughout the forecast<br />
period, gaining consistent demand for the manufacturing of phosphate fertilizers, which are<br />
extensively used for modern day agriculture. On the other hand, the growing usage of sulfuric<br />
acid in 20 different chemical processes is expected to collectively dislodge fertilizers <strong>from</strong><br />
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<strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong><br />
being the most important segment in the near future. <strong>Sulfuric</strong> acid is now commonly used for<br />
the manufacturing of sulfate salts, nitric acid, explosives, hydrochloric acid, and<br />
pharmaceuticals.<br />
<strong>Asia</strong> <strong>Pacific</strong> Remains Most Profitable Region<br />
Both in terms of volume and value, the region of <strong>Asia</strong> <strong>Pacific</strong> continues to serve the maximum<br />
demand in the global sulfuric acid market, accounting for 50% of the shares in the global<br />
market in 2014. This extended demand <strong>from</strong> APAC is a reflection of increasing adoption of<br />
sulfuric acid in various processes of chemical and fertilizers, availability of affordable labor,<br />
thriving agriculture sector with vast population base, increasing foreign investments, and<br />
flexible regulatory set by the government. <strong>China</strong>, India, Brazil, and Japan are identified by the<br />
report as most lucrative country-wide markets for sulfuric acid. As far as North America and<br />
Europe are concerned, the market will register steady growth with growing demand for sulfuric<br />
acid based products.<br />
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Diverse Applications <strong>Driving</strong> <strong>Demand</strong><br />
Increase in the production of nutrient-rich food crops, escalating food requirements due to<br />
growing population across the world, and steady and sustained demand for sulfuric acid due to<br />
diversified applications are three of the primary drivers of the global sulfuric acid market. On<br />
the other hand, weaker sales due to surplus in the market and strict environmental regulations<br />
against to toxic aspects of sulfuric acid is somewhat challenging the market <strong>from</strong> attaining its<br />
true potential. Nevertheless, the vendors of sulfuric acid market are expected to gain<br />
opportunities <strong>from</strong> the growing use of oleum, provided they can manage the volatility in raw<br />
material prices and the difficulties pertaining to the transportation of sulfuric acid.<br />
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TABLE OF CONTENT<br />
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<strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong><br />
Report Description<br />
Research Scope<br />
Assumptions<br />
<strong>Market</strong> Segmentation<br />
Research Methodology<br />
Chapter 2 Executive Summary<br />
<strong>Global</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong>, Volume and Revenue, 2014 - 2023, (Mn Tons) (US$ Bn)<br />
<strong>Sulfuric</strong> <strong>Acid</strong>: <strong>Market</strong> Snapshot<br />
Chapter 3 <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Industry Analysis<br />
Introduction<br />
Value Chain Analysis<br />
<strong>Market</strong> Drivers<br />
Driver 1 – Industrialization in <strong>China</strong> Anticipated to Boost <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> <strong>Demand</strong><br />
Driver 2 – Expansion of <strong>Global</strong> Phosphate Fertilizers <strong>Market</strong> Likely to Increase Consumption of<br />
<strong>Sulfuric</strong> <strong>Acid</strong><br />
Restraints<br />
Restraint 1 – Volatility in Prices of Raw Materials to Adversely Impact <strong>Demand</strong> for <strong>Sulfuric</strong> <strong>Acid</strong><br />
Restraint 2 – Strict Government Regulations to Restrict <strong>Market</strong> Growth<br />
Opportunities<br />
Opportunity 1 – Recovery of Sulfur Likely to Provide Growth Opportunities<br />
Porter’s Five Forces Analysis<br />
Bargaining Power Of Suppliers<br />
Bargaining Power Of Buyers<br />
Threat Of New Entrants<br />
Threat Of Substitutes<br />
Degree Of Competition<br />
<strong>Sulfuric</strong> <strong>Acid</strong>: <strong>Market</strong> Attractiveness Analysis<br />
<strong>Market</strong> Attractiveness Analysis By Application<br />
<strong>Market</strong> Attractiveness Analysis By Country<br />
<strong>Sulfuric</strong> <strong>Acid</strong>: Company <strong>Market</strong> Share (%), 2014<br />
Chapter 4 Raw Material and Price Trend Analysis<br />
Raw Material Analysis – Manufacturing/Extraction/Recovery Process<br />
Raw Material Price Trends, 2014 – 2023, (US$/Ton)<br />
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<strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong><br />
<strong>Sulfuric</strong> <strong>Acid</strong> Price Trends, 2014 – 2023, (US$/Ton)<br />
Chapter 5 <strong>Market</strong> Segmentation – Application Analysis<br />
<strong>Global</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong>: Application Overview<br />
<strong>Global</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> for Fertilizers, Volume & Revenue, 2014 – 2023<br />
<strong>Global</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> for Chemical Synthesis, Volume & Revenue, (Million Tons) (US$ Bn),<br />
2014 – 2023, (Million Tons) (US$ Bn)<br />
<strong>Global</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> for Wastewater Treatment, Volume & Revenue, 2014 – 2023, (Million<br />
Tons) (US$ Bn)<br />
<strong>Global</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> for Metal & Mining, Volume & Revenue, 2014 – 2023, (Million Tons) (US$<br />
Bn)<br />
<strong>Global</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> For Others, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)<br />
Chapter 6 <strong>Market</strong> Segmentation – Regional Analysis<br />
<strong>Global</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong>: Regional Overview<br />
North America <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million<br />
Tons) (US$ Bn)<br />
U.S. <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
Rest Of North America <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023,<br />
(Million Tons) (US$ Bn)<br />
Europe <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
France <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
U.K. <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
Spain <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
Germany <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
Italy <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
Rest Of Europe <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million<br />
Tons) (US$ Bn)<br />
<strong>Asia</strong> <strong>Pacific</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million<br />
Tons) (US$ Bn)<br />
<strong>China</strong> <strong>Sulfuric</strong> acid <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
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<strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong><br />
Japan <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
ASEAN <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
Rest Of <strong>Asia</strong> <strong>Pacific</strong> <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023,<br />
(Million Tons) (US$ Bn)<br />
Latin America <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million<br />
Tons) (US$ Bn)<br />
Brazil <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
Rest Of Latin America <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023,<br />
(Million Tons) (US$ Bn)<br />
Middle East & Africa <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023,<br />
(Million Tons) (US$ Bn)<br />
GCC <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons)<br />
(US$ Bn)<br />
South Africa <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 – 2023, (Million<br />
Tons) (US$ Bn)<br />
Rest Of Middle East & Africa <strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis, Volume & Revenue, 2014 –<br />
2023, (Million Tons) (US$ Bn)<br />
Chapter 7 Company Profiles<br />
The Mosaic Company<br />
The Chemours Company<br />
Eco Services Operations, LLC<br />
Chemtrade Logistics Inc.<br />
Khaitan Chemicals & Fertilizers Limited<br />
BASF SE<br />
PotashCorp<br />
Honeywell International, Inc.<br />
Vale Fertilizantes S/A<br />
Southern States Chemical<br />
Akzo Nobel N.V.<br />
Browse All Chemicals <strong>Market</strong> Research Reports:<br />
http://www.transparencymarketresearch.com/chemical-market-reports-2.html<br />
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<strong>Sulfuric</strong> <strong>Acid</strong> <strong>Market</strong><br />
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