NEW YORK, December 6, 2016 /PRNewswire/ --
Rising demand from fertilizer and metal processing industries to drive global sulphuric acid market through 2025
According to TechSci Research report, "Global Sulphuric Acid Market, By Manufacturing Process, By Application, By Region Competition Forecast and Opportunities, 2011 - 2025", the global sulphuric acid market is projected to register sales of $18 Billion in 2020, on account of surging demand for phosphate fertilizers such as DAP (diammonium phosphate), MAP (monoammonium phosphate), TSP (triple superphosphate), SSP (single superphosphate), etc. Global demand for phosphate fertilizers is projected to increase from 42.1 million tons in 2015 to 45.6 million tons by 2019. Furthermore, global phosphoric acid production is anticipated to increase from 46 million tons in 2015 to 51.9 million tons by 2019, thereby augmenting consumption of sulphuric acid for production of phosphate fertilizers in the coming years. Thus, expanding capacity to produce more phosphates, coupled with growing application of sulphuric acid as a raw material for chemical manufacturing processes and in metal leaching are further expected to drive global sulphuric acid market through 2025.
Browse 22 market data Tables and 108 Figures spread through 165 Pages and an in-depth TOC on
"Global Sulphuric Acid Market"
Global sulphuric acid market was dominated by Asia-Pacific in 2015, and the trend is anticipated to continue through 2025, owing to vast production capacity of sulphuric acid and phosphate fertilizers. The region houses elemental sulphur and base metal smelters in countries such as China, India, South Korea and Japan. Moreover, sulphur combustion dominated global sulphuric acid market in 2015, and is expected to further continue dominating the market through 2025, owing to increasing desulphurization of fuels. Furthermore, sulphur combustion provides economic benefits to refinery and petrochemical plant owners, as they can easily capture sulphur through installation of a desulphurization unit.
Download Sample Report
Customers can also request for 10% free customization on this report.
"Europe is expected to witness imbalance in demand and supply equilibrium of sulphuric acid in the coming years, on account of declining demand from traditional customers of European smelters. However, owing to growing demand for phosphate fertilizers in APAC, coupled with expanding production capacity in various regions across the globe to drive global sulphuric acid market through 2025.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Sulphuric Acid Market By Type, By Manufacturing Process, By Application By Region, Competition Forecast and Opportunities, 2011-2025" has evaluated the future growth potential of global sulphuric acid market and provides statistics and information on market structure, size, share and future growth of global sulphuric acid market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in global sulphuric acid market.
Browse Related Reports
Global Nitric Acid Market Forecast and Opportunities, 2025
India Sulphuric Acid Market Forecast and Opportunities, 2025
Iran Phosphoric Acid Market Forecast and Opportunities, 2021
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Mr. Ken Mathews
708 Third Avenue,
New York - 10017
Connect with us on Twitter - https://twitter.com/TechSciResearch
Connect with us on LinkedIn - https://www.linkedin.com/company/techsci-research
SOURCE TechSci Research