- The key vendors in the Global Sulfuric Acid Market 2015-2019 are Akzo Nobel, Bayer, BP plc, Chevron, Dupont and Exxon Mobil.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Sulfuric Acid Market 2015-2019. Increased preference for involuntary production methods is one of the key upcoming trends in this market. The production of sulfuric acid through smelting of base metals is expected to increase, and it is this source of supply that drives global trade and prices of sulfuric acid. The Global Sulfuric Acid market is expected to grow at a CAGR of 3.64 percent during the period 2014-2019.
Demand for sulfuric acid is directly affected by global population growth and the need for infrastructure, food crops, and base metals. The growing demand for fertilizers and rise in metal prices are the major factors that drive the market.
“The increased production of spent acid from petroleum refineries and chemical plants paved the way for sulfuric acid regeneration, which allows for the regeneration of relatively pure and concentrated sulfuric acid through the reuse of spent or contaminated sulfuric acid,” says Faisal Ghaus, Vice President of TechNavio Research.
“The regeneration of sulfuric acid brings down emissions to acceptable levels, reduces production costs, and is environment-friendly and sustainable.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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