Seattle, WA -- (SBWIRE) -- 09/24/2019 -- Sulfuric acid is a colorless, odorless, and syrupy liquid, which is denoted by the molecular formula H2SO4. It is a strong miner acid with high corrosive abilities. Its mineral mixture properties vary depending upon its concentration. It exhibits various properties such as corrosion of living tissues and metal surfaces along with strong dehydration, hygroscopic, and oxidization.
Elemental sulfur is the most commonly used raw material to manufacture sulfuric acid. Although it finds applications in different industries, it is mostly used in production of fertilizers.
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Global Sulfuric Acid Market Taxonomy
The sulfuric acid market is classified on the basis of the following segments:
- Raw Material Type
- Pyrite ore
- Elemental Sulfur
- Base metal smelters
- Others (from oil & petroleum refineries)
- Application
- Fertilizers
- Pulp & Paper
- Textile industry
- Chemical manufacturing
- Metal processing
- Automotive
- Petroleum refining
- Others (industrial cleaning agent, drugs & medicines, wastewater treatment, electronics industry)
Increasing demand for Sulfuric acid for manufacturing of industry chemicals is expected to drive growth of global sulfuric acid market.
Sulfuric acid is widely used in the production of phosphoric acid, which is later used for phosphate fertilizers including calcium dihyrogenphosphate and ammonium phosphates. Increasing demand for fertilizers, owing increasing demand for food and growing agricultural activities is expected to drive growth global sulfuric acid market. Furthermore, sulfuric acid is also used in production of a variety of chemicals such as ammonium sulfate, nitric acid, aluminum sulfate, and ammonium sulfate. Increasing demand for industrial chemicals for the production of commercial product is expected to drive the global sulfuric acid market growth. Sulfuric acid is also used for oil splitting, pH adjustment, and pulp industry. Rampant growth of paper and pulp industries is expected to fuel growth of global sulfuric acid market during the forecast period.
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The acid, when at high concentration causes serious damage to human beings and can lead to skin irritation and even permanent blindness. Owing to hazardous effects of the strong acidic mixture, it is often subjected to strict governmental regulations. The American Conference of Governmental Industrial Hygienists (ACGIH), has categorized the acid as a carcinogen. The U.S. Environmental Protection Agency (EPA), has listed sulfuric acid as a toxic chemical. The Occupational Safety and Health Administration (OSHA 1998), has laid down guidelines for the permissible exposure limit (PEL), of the sulfuric acid to 1mg/m3. These regulations govern use of the strong acidic mixture in end-use applications and also the raw materials utilized to produce it. These stringent regulations coupled with the high raw material prices, are expected to hinder the growth of the market over the forecast period. North America and Europe are expected to account for the largest share in the market, on account of presence of major players in the region. The region of Central & South America is projected to witness a steady growth in its market share owing to the rapid industrialization in the region. Asia Pacific is projected to experience the fastest growth owing to burgeoning growth of various end-use industries in emerging economies such as China and India. Sulfuric acid is used in the most common hydrometallurgical processes to leach the ores in order to extract metals. Countries including South Korea and Japan, have a large number of metal smelters, and thus are anticipated to contribute towards the market growth in the near future.
Fragmented Market
The global market is highly fragmented due to the participation of many established and emerging players in the market. Major players involved in the market include PVS Chemical Solution and Phelps Dodge, CF Industries, The Mosaic, AkzoNobel N.V., Agrium Inc., Rhodia, Langeloth International, Honeywell International, Bayer AG, DuPont de Nemours & Co., Potash Corp (PCS Phosphate), Chevron Corporation, Lucite International, Chemtrade Logistics, Southern States Chemical, Climax Molybdenum Co., Big River Zinc Sauget, Cytec Industries, Tampa Electric, Solvay S.A., Evonik Industries, Chemtrade Refinery Services, BP Valero Energy, and The Doe Run.
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