Key players and manufacturers are taking immense efforts in entering into partnerships with various end users across the globe, which in turn helps them in catering to the increasing needs of the consumers. Increasing usage of sulfuric acid as additives in various applications has positively impacted the growth of sulfuric acid across the globe.
A recent study by Future Market Insights predicts a very sluggish 2.5% CAGR growth of sulfuric acid market during the anticipated period, 2018-2028. In addition, the sulfuric acid market is likely to touch an evaluation of nearly US$ 11,670.6Mn by 2028-end. Developing effective sulfuric acid for end-users is possible to be a vital trend, increasingly impacting growth of sulfuric acid market. Besides, the report poses constructive insights for the growth of sulfuric acid market in the forthcoming years.
Analysts that have been part of this report development made sure that they have delivered valuable information as to how sulfuric acid market will expand through 2028. Additionally, our analysts have catered to the growing concerns of industry participants and market observers.
What do you have to say with regards to regional landscape of the sulfuric acid market?
Well, based on the in-depth analysis, U.S. is expected to take the lead in the sulfuric acid market in the forthcoming years, with regards to exports. Apart from that, China is likely to dominate the global market, with regards to demand for sulfuric acid, especially due to increasing infrastructure sector in the region. APEJ, Middle East and Latin America are likely to create lucrative opportunities for the global market growth in the near future.
Which sector is expected to continue generating significant revenues in the sulfuric acid market?
Based on analysis, fertilizers and chemicals are expected to continue generating significant revenues in the global market in the near future.
According to you, what are the major factors that have led to an increase in the demand for sulfuric acid?
Well, based on the analysis, rising usage of phosphate fertilizers has contributed significantly towards the growth of sulfuric acid and related products. Apart from this, increasing production of metals has also led to significant usage of sulfuric acid, which in turn is driving the revenue growth of the global market.
According to you, what are the major factors that has been posing significant threats for the growth of sulfuric acid market?
Well, based on analysis, it has been witnessed across the globe that there is rising demand for the organic fertilizers, which in turn is significantly restraining the growth of the global market.
Can you mention some of the key players in the sulfuric acid market?
Certainly yes. Some of the key players in the sulfuric acid market profiled by analysts are inclusive of Ma’aden – Saudi Arabian Mining Company, Kel-Chemicals Inc., Rio Tinto, Kanto Corporation, Avantor Performance Materials, LLC, INEOS Holdings Limited and BASF SE.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6753