- The key vendors in the Sulfuric Acid Market in the US 2015-2019 are Akzo Nobel NV, E. I. du Pont de Nemours and Co., Solvay and Tronox Ltd.
London, 10 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Sulfuric Acid Market in the US 2015-2019. Increased preference for involuntary production of sulfuric acid is an emerging trend in the Sulfuric Acid market in the US. The production of sulfuric acid through smelting of base metals is expected to increase, and it is this source of supply that drives the trade and prices of sulfuric acid in the region. The Sulfuric Acid market in the US is expected to grow at a CAGR of 1.47 percent during the forecast period of 2014-2019.
Demand for sulfuric acid is directly affected by 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. Growing demand for sulfuric acid over the past five years has had a positive impact on sulfuric acid trade in the US, which relies heavily on global economic cues.
“The increased production of spent acid from petroleum refineries and chemical plants paved the way for sulfuric acid regeneration, which produces 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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