Sulfuric Acid Market Growth, Share, Demand and Analysis of Key Players 2025 “The Sulfuric Acid Market is estimated to grow at a significant CAGR of 3.3% over the forecast period as the scope and its applications are rising enormously across the globe.”
Sulfuric Acid Market study is providing you with the up-to-date, actionable market information and projections with the latest impact of the Covid 19 outbreak. It offers all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. Global Sulfuric Acid Market is expected to reach USD 13.45 billion by 2025. Sulfuric Acid is also termed as oil of vitriol, sulphuric acid, or dihydrogen sulfate is a colorless & odorless, dense, oily corrosive liquid with a molecular formula H2SO4. The molecular weight is 98.072 g/mol and is soluble in water and sulfur trioxide with release of heat. It is exclusively used to manufacture chemicals and fertilizers and in steel and iron production. It is no rmally supplied based on concentrations of 98, 78, or 93 percent. Sulfuric acid is a very robust acid and in aqueous solutions, it ionizes entirely to form hydrogen sulfate ions (HSO4−) and hydronium ions (H3O+). The Sulfuric Acid Market is estimated to grow at a significant CAGR of 3.3% over the forecast period as the scope and its applications are rising enormously across the globe. Rising manufacturing of nutrient rich food crops, high demand for sulfur based fertilizers, rising use of sulfuric acid in metal processing, and growing demand from waste water treatment plant and oil & gas industry are documented as major factors of Sulfuric Acid Market that are estimated to enhance the growth in the years to come. However, high cost of raw material and strict government policy associated with sulfuric acid due to health & e nvironment concern are the factors that may restrain overall market growth in coming years. Sulfuric acid industry is segmented based on type, application, and region.
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