According to the study, the demand in the global sulfuric acid market will increment at a CAGR of 2.8% during the forecast period of 2017 to 2023.
Albany, NY -- (SBWIRE) -- 06/08/2018 -- The use of sulphuric acid for industrial and domestic activities has witnessed a surge. Of-late the chemical has found profound utility in paper, pharmaceutical and mining industries among others and has contributed towards the growth of sulfuric acid market. A recent report added to the repository of Market Research Hub (MRH), titled, 'Sulfuric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2023', summarizes the impact of recent market trends and developments on the growth of the market.
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Sulfuric Acid Regeneration Powers Industrial Re-cycling
Proliferated applications of sulfuric acid in several industries has encouraged manufacturers to invest thoroughly in its production and regeneration. Manufacturers are laying primary focus on bulk production that can meet the growing demands of end-users. Leading companies are focusing on expansion of their facilities to enhance production, and harbor their lead in the market. Industry veterans are also keen on strategic partnerships and acquisitions to attain a durable foothold in the market.
In its initiative to upscale sulphuric acid production, Eco Services Operations, LLC, a leading manufacturer of industry chemicals has recently expanded its operations with the inauguration of a new facility in Louisiana. The venture is expected to increase sulfuric acid regeneration capacity by 10 percent. The company also envisions to improve infrastructure of its plants such that they synchronize with current production objectives. With the use of advanced technology to render thermal treatment of chemical waste, the company has facilitated production of hazardous waste in its regeneration projects.
Unbiased and detailed insights collated in the report presents vital perspectives on the impact of growth of various segments in the market. In this section, the report splits the market on the basis of applications. Based on applications, the market is sectioned as fertilizers, chemical synthesis, wastewater treatment, metal & mining, and others (including paper & pulp, pharmaceutical, etc.). On the basis of information presented in the report, readers can comprehend about the segments that account for maximum revenue generation and the impact of these segments on the growth of the market.
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In addition to segmentation, the market is also bifurcated in terms of regions. Based on region, the market is segmented as Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. Insights encapsulated in the report enlightens the readers about the impact of various strategies applied by market players in various regions. These insights enable readers to recognize the key trends that dominate the market and formulate effective business strategy that draw maximum profits.
Key Players Identified in Sulfuric Acid Market
In-depth research outcome accounted in the report provide vital insights on various strategies administered by key players and its impact on the purchase preferences of customers that affect their purchase journey. Based on the information offered in the report, ace market players and new entrants can implement accurate analysis and plan about core investment decisions. Leading companies identified in the market include, The Mosaic Company, The Chemours Company, Eco Services Operations, LLC, Chemtrade Logistics Inc., Khaitan Chemicals & Fertilizers Limited, BASF SE, PotashCorp, Honeywell International, Inc., Vale Fertilizantes S/A, Southern States Chemical, and Akzo Nobel N.V.
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