Persistence Market Research Pvt. Ltd is released new forthcoming report on title "Sulphuric Acid Market: Global Industry analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 08/19/2015 -- Sulfuric acid also known as 'oil of vitriol' having molecular formula H2SO4 is a highly strong corrosive mineral acid. Sulfuric acid is pungent-ethereal, colorless to slightly yellow viscous liquid soluble in water at all concentrations. During production, sulfuric acid takes dyed dark brown color to intimate people of its strong hazard effects. Sulfuric acid shows different properties with different material depending on the concentration. Having strong acidic nature, sulfuric acid can harm materials such as metals, living tissues even stones at strong concentration. Sulfuric acid at high concentration can cause serious damage to eye as it burns the cornea of the eye causing permanent blindness if splashed into the eye.
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Some of the majorly used methods of producing sulfuric acid include contact process (production of sulfuric acid at high concentration) and wet sulfuric acid process (gas desulfurization processes). Major application of sulfuric acid includes domestic acidic drain cleaner, electrolyte in lead-acid batteries also used as cleaning agent. Other major use of sulfuric acid is in the chemical industry. Major uses of sulfuric acid in the chemical industry include mineral processing, manufacturing of fertilizer, wastewater processing, chemical synthesis and oil refining. Sulfuric acid is used to manufacture phosphoric acid with the help of wet method, which is further used to manufacture phosphate fertilizer. Sulfuric acid is used as catalyst in the chemical industry for the conversion of cyclohexanone oxime to caprolactam used for nylon production.
Asia Pacific has the largest market share for global sulfuric acid, followed by North America and Europe. Asia Pacific region is expected to maintain its dominance in the global market owing to increasing domestic demand for sulfuric acid by the chemical industry. Emerging markets of China and India are expected to boost the Asia Pacific sulfuric acid market. Other emerging markets are the Middle East countries.
Wide variety of application of the sulfuric acid in the chemical industry is driving the global sulfuric acid market. Additionally, with increasing population demand for better infrastructure, food crops and base metals is expected to increase. This is expected to increase the global demand for sulfuric acid. Also, various fertilizers are produce with the use of sulfuric acid; so increasing demand for fertilizers is further expected to increase the demand of sulfuric acid in the global market.
Global sulfuric acid market is dominated by big chemical and pharmaceutical companies. Some of the major companies operating in the global sulfuric acid market are Agrium, Honeywell, Cytec Industries, Bayer, Akzo Nobel, Evonik Industries, Dupont, Chevron and Solvay
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Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.
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