Sulfuric Acid Market 2012 Size, Status and Industry Outlook 2030
Market Overview In 2020, the Sulfuric Acid Market value is registered as USD 10.22 billion and is expected to grow at a significant rate of 2.76% CAGR with the sulfuric acid market size of USD 12.36 billion during the forecast period (2021-2027)., Market Research Future (MRFR) unveils in a detailed report. Sulfuric acid is considered one of the largest industrial chemicals in terms of volume. Sulfuric acid, also termed as vitriol, is a mineral acid, which is composed of oxygen, sulfur, and hydrogen, and is an odorless, colorless, and syrup liquid. Sulfuric acid is soluble in water and is synthesized in reactions, which are considered highly exothermic. Market Potential and Pitfalls The demand for sulfuric acid is skyrocketing across the globe, mainly due to the soaring demand for sulfur-based fertilizers. Sulfuric acid is extensively used in the wastewater treatment and oil & gas industry, which is likely to trigger the demand from the sulfuric acid market. ...