[156 Pages Report] The Global Sulfuric Acid Market was valued at USD 9.35 billion in 2015 and is projected to reach USD 11.10 billion by 2021, at a CAGR of 2.87% from 2016 to 2021. The sulfuric acid market size was 244.26 million tons in 2015 and is projected to reach 278.33 tons by 2021, at a CAGR of 2.20% from 2016 to 2021. In this study, 2015 has been considered as the base year and 2021 as the forecast year to estimate the market size of sulfuric acid.

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See how this study impacted revenues for other players in Sulfuric Acid Market Client�s Problem Statement Our client, a leading Japanese chemical, mineral resources, energy & electronics manufacturer, was interested in understanding the logistics, distribution, and storage scenario of sulfuric acid in Turkey. The client was also keen to gather information on key logistics service providers operating in the segment. This understanding was crucial for the senior management to take an array of critical strategic decisions such as which is the optimal mode of transportation for sulfuric acid in Turkey, which regions to prioritize within Turkey, what kind of contracts to set up with the manufacturers/customers, what are the ideal locations to set up storage terminals, and what are the ideal industry practices to follow to achieve success in the sulfuric acid storage, distribution, and transportation business in Turkey. MnM Approach MnM assisted the client with an outside-in perspective on tangible and intangible assets, capabilities, and a geographic coverage of leading competitors in the sulfuric acid logistics, distribution, and storage business in Turkey. In addition, MnM also provided them insights on the nature of contracts that competitors have with manufacturers/customers as well as the regulatory scenario of sulfuric acid logistics and storage services in Turkey. MnM also helped the client to identify the production and industrial hubs of sulfuric acid in the country. Furthermore, MnM helped the client to gain an understanding of the breakdown of different sulfuric acid distribution channels. Interviews with the senior management and CXO level executives from logistics companies were conducted to understand what best practices they follow in terms of logistics, storage, and distribution of sulfuric acid to customers. This helped the client to benchmark industry best practices and develop its strategy to provide logistics, storage, and distribution services for sulfuric acid in Turkey. Revenue Impact (RI) Our findings helped the client realize a growth opportunity in a USD 30 million market, with projected revenue of USD 5 million in 5 years. The client was able to establish its business for sulfuric acid within the target geography. Consult our Analyst now

Market Dynamics:

Drivers

Increase in the Production of Nutrient-Rich Food Crops

Steady and Sustainable Demand for Sulfuric Acid Due to Its Diversified Applications

Restraints

Weaker Sales Due to Surplus in the Market

Strict Environmental Regulations Due to Toxicological Effects of Sulfuric Acid

Opportunities

Growing Use of Oleum

Threats

Volatility in Raw Material Prices

Difficulties Involved in the Transportation of Sulfuric Acid

Increasing production of nutrient-rich food crops drives the global sulfuric acid market

With the greater expectancy of increase in yield from farmers and decreasing availability of fertile land for agricultural practices owing to growing urbanization, the demand for fertilizers is estimated to increase rapidly. Fertilizers are now an integral part of agriculture and provide the soil with nutrients such potassium, phosphate, and nitrogen. They are responsible for half of the crop yield in the world. The growth of fertilizers, especially in the phosphate segment, will boost the demand for sulfuric acid which is the key raw material used in the manufacturing of commercial phosphate fertilizers.

The objectives of the study are:

To define and segment the global sulfuric acid market on the basis of raw material, application, and region

To estimate and forecast the global sulfuric acid market by application at country-level in different regions, namely, North America, Asia-Pacific, Western Europe, Central & Eastern Europe, South America, and the Middle East & Africa

To estimate and forecast the market size of sulfuric acid, in terms of value (USD million) and volume (million tons) at global and regional levels

To identify and analyze key growth drivers, restraints, opportunities, and challenges influencing the global sulfuric acid market

To analyze recent market developments and competitive strategies such as expansions, product launches/developments, and mergers & acquisitions to draw the competitive landscape of the global sulfuric acid market

To strategically identify and profile key market players, and analyze their core competencies in each type and application of the global sulfuric acid market

Various secondary sources such as company websites, encyclopedia, directories, and database such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource have been used to identify and collect information useful for this extensive commercial study of the global sulfuric acid market. Primary sources including experts from related industries have been interviewed to verify and collect critical information and assess future prospects of the market. The top-down approach has been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.



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The sulfuric acid market has a diversified and established ecosystem of its upstream players such as raw material suppliers, and downstream stakeholders such as manufacturers, vendors, end-users, and government organizations.

This study answers several questions for the stakeholders, primarily which market segments they should focus on during the next two to five years to prioritize their efforts and investments. These stakeholders include sulfuric acid manufacturers such as The Mosaic Company (U.S.), PotashCorp (Canada), Groupe Chimique Tunisien (Tunisia), Maaden - Saudi Arabian Mining Company (Saudi Arabia) and OCP Group (Morocco), PVS Chemicals (U.S.), Aurubis (Germany), Chemtrade Logistics Income Fund (Canada), BASF SE (Germany), Akzonoble NV (Netherlands), DuPont (U.S.), INEOS Enterprises (Switzerland), and Agrium Inc. (Canada).

Major market developments

In October 2016, The Mosaic Company (U.S) launched Aspire, a new kind of K. Aspire with Boron, a micronutrient-enhanced potash granular fertilizer, proven to increase yields. Aspire with Boron combines potassium and boron in each granule, allowing uniform distribution of both nutrients across every acre. This product launch helped the company expand its premium line of fertilizer products.

In December 2016, The Mosaic Company (U.S) acquired Vale Fertilizantes business of Vale S.A. (Brazil) which is a multinational corporation involved in metals and mining. With this acquisition, Mosaic expects to become the leading fertilizer production and distribution company in Brazil, which is one of the world's preeminent agricultural markets. This acquisition would provide the company a tremendous opportunity to capitalize in the fast-growing Brazilian agricultural market.

In December 2015, Groupe Chimique Tunisien (GCT) and Chinese companies signed an agreement for the creation of a super-triple phosphate production unit. The annual production capacity of this new unit would be 400 thousand tons of super triple phosphate. This production unit is set up to increase the production of 6 million tonnes of commercial phosphate in 2016. The production unit will be composed of a sulfuric acid production unit and a phosphoric acid unit also.

Key Target audience:

Regional manufacturers� associations and general sulfuric acid associations

Raw material manufacturers

Traders, distributors, and suppliers of sulfuric acid

Government and regional agencies, and research organizations

Scope of the Report:

This research report categorizes the global sulfuric acid market based on raw material, application, and region, and forecasts the revenue growth and provides an analysis of trends in each of the submarkets.

On the Basis of Raw Material:

Elemental Sulfur

Base Metal Smelters

Pyrite Ore

Others (from oil & petroleum refineries)

Each raw material is further described in detail in the report with volume forecasts until 2021

On the Basis of Application:

Fertilizers

Chemical manufacturing

Metal Processing

Petroleum Refining

Textile Industry

Automotive

Pulp & Paper

Others (waste water treatment, industrial cleaning agent, drugs & medicines, electronics industry)

Each application segment is further described in detail in the report with value forecasts until 2021

On the Basis of Region:

Asia-Pacific

North America

Western Europe

Central & Eastern Europe

Middle East & Africa

South America

Each region is further segmented into key countries such as the U.S., Mexico, Canada, China, Japan, South Korea, India, Indonesia, Germany, the U.K., Italy, France, Turkey, Russia, Saudi Arabia, Morocco, UAE, Chile, Argentina, and Brazil.

Critical question which the report answers

What would be the impact of phosphate fertilizers on Sulfuric acid market?

How is the supply glut situation impacting the sulfuric acid market?

Which are the key players in the market and how intense is the competition?

Available Customizations:

The following customization options are available for the report:

Company Information

Analysis and profiles of additional global as well as regional market players (up to three)

The global sulfuric acid market is projected to reach USD 11.10 billion by 2021, at a CAGR of 2.87% during the forecast period. Furthermore, this market is projected to reach 278.33 million tons, at a CAGR of 2.20% from 2016 to 2021. Increase in the production of nutrient rich food crops and steady demand for sulfuric acid due to its diversified applications are the key factors driving the global sulfuric acid market.



Based on raw material, the elemental sulfur segment led the sulfuric acid market in 2015 due to the abundance of elemental sulfur in the market. The production of sulfuric acid via sulfur is less polluting as compared to pyrite ore roasting and base metal smelter where companies/factories have to adopt strict procedures to treat the emitted SO2 gases before releasing them in the atmosphere.



Based on application, the fertilizers segment is estimated to lead the sulfuric acid market during the forecast period. The population across the world is increasing, which leads to a rise in demand for better quality of food crops. With the decrease in hectares of arable land due to rapid industrialization and urbanization, chemicals such as fertilizers are used by farmers to increase the crop yield. Therefore, increasing use of sulfuric acid in fertilizer manufacturing is expected to drive the fertilizers segment of the sulfuric acid market during the forecast period.



The Asia-Pacific region led the global sulfuric acid market, in terms of both, value and volume in 2015. China is the largest market for sulfuric acid in the Asia-Pacific region and accounted for a major share of the market, in terms of value, in 2015. The flourishing chemical industry, easy availability of raw materials, and increasing developmental strategies such as setting up of production facilities to meet the growing demand for sulfuric acid are the key growth drivers for the sulfuric acid market in this region.

Steady and sustainable demand for sulfuric acid due to its diversified applications to drive the market

Fertilizers

About 50%-60% of sulfuric acid goes into the manufacturing of phosphate fertilizers such as superphosphate of lime and ammonium sulfate. It is a key raw material, which reacts with phosphate rock in the processing plant to generate phosphoric acid and phosphogypsum. Phosphoric acid is formed as an intermediary product in the production of all high-grade phosphate fertilizers. Phosphate fertilizers are important in root formation and growth, improving the quality of fruit and vegetable crops, are vital to seed formation, improve water use, and help to hasten maturity





Metal Processing

Sulfuric acid is used in metal processing application generally, to clean the ore and free it from various impurities. It is mainly used in the pickling of iron and steel to remove oxidation, rust, and scaling so that they are fit to be used in automobile and other major appliance industries. Steel pickling is a finishing process in the production of steel products in which oxide and scale are removed from the surface of strip steel, steel wire, and some other forms of steel, by dissolution in acid. This acid is generally sulfuric acid, which is used to treat carbon steel products, while a combination of hydrofluoric and nitric acids is often used for stainless steels.





Automotive

Sulfuric acid, also known as battery acid, is used in diluted form as an electrolyte to allow the flow of electrons between the plates in the battery. It is generally used for the manufacturing of Lead-Acid Type Batteries and Sealed-unit lead-acid type batteries that are used in the automotive industry for cars and trucks. Battery electrolyte is a mixture of 36% sulfuric acid and 64% distilled water. It can vary in concentration according to the specifications of the battery manufacturer but is generally between 28 to 32 per cent or between 4.2 to 5 Molar.





Chemical Manufacturing

As a highly important chemical compound, sulfuric acid is used in the manufacturing process of a number of well-known chemicals including hydrochloric acid, nitric acid, phosphoric acid, and many other industrial chemicals. It is also used in the manufacturing of hydrofluoric acid and phenol with propanone, all of which, are used in many industries. It is widely used in the manufacture of chemicals such as sulfate salts, synthetic detergents, dyes & pigments, explosives, and drugs. Sulfuric acid is also used in the manufacturing of titanium dioxide, which is an important pigment used in the paints and coating industry.





Critical questions the report answers:

What would be the impact of phosphate fertilizers on Sulfuric acid market?

How is the supply glut situation impacting the sulfuric acid market?

Which are the key players in the market and how intense is the competition?

The global sulfuric acid market is growing at a moderate rate. Factors restraining the growth of the sulfuric acid market are weaker sales due to surplus of sulfuric acid in the market, strict environmental regulations associated with sulfuric acid, volatility in raw material prices, and difficulties involved in the transportation of sulfuric acid.



The Mosaic Company (U.S.), PotashCorp (Canada), Groupe Chimique Tunisien (Tunisia), Maaden - Saudi Arabian Mining Company (Saudi Arabia), and OCP Group (Morocco) are the leading players in the sulfuric acid market. Since the market is witnessing moderate growth, some of the companies are unable to perform well and are becoming increasingly incompetent to generate enough sales volume for sulfuric acid. Thus, the aforementioned players are leveraging this factor and are consolidating the market through strategies of mergers & acquisitions to strengthen their position in the global sulfuric acid market.

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