Chicago, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Sulfuric Acid Market is projected to grow from USD 13.2 billion in 2020 to USD 28.5 billion by 2027, at a CAGR of 11.7% during the forecast period, according to a new report by MarketsandMarkets™. Expanding market for fertilizers, chemical manufacturing and metal processing is expected to drive the sulfuric acid market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1065

Browse in-depth TOC on "Sulfuric Acid Market" 216 – Tables 34 – Figures 196 – Pages

The elemental sulfur segment is expected to hold the largest share of the sulfuric acid market, during the forecast period

The elemental sulfur segment is expected to lead the sulfuric acid market during the forecast period by volume. Elemental sulfur is the major feedstock used for the production of sulfuric acid. Elemental sulfur is one of the widely used raw materials in the production of sulfuric acid and with the growing demand for sulfuric acid the segment is expected to grow.

The chemical manufacturing segment, by application, is expected to account for the second largest market during the forecast period

Based on application, sulfuric acid is classified into fertilizers, metal processing, pulp & paper, petroleum refining, textile industry, automotive, chemical manufacturing, and others. Sulfuric acid is used in the manufacturing process of many 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. Thus, the usage of sulfuric acid in the production of the wide range of chemicals is expected to drive the market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1065

Asia Pacific region is expected to be the largest and fastest growing sulfuric acid market

Asia Pacific is expected to lead the sulfuric acid market during the forecast period by value. This demand can be attributed to the high growth in emerging economies such as China and India, sthat has made Asia Pacific a huge market for sulfuric acid. China is one of the largest markets for sulfuric acid across the globe and is expected to contribute a major portion to the overall regional demand for sulfuric acid during the forecast period.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1065

Browse Adjacent Markets: Bulk Chemicals and Inorganics Market Research Reports & Consulting

White Inorganic Pigments Market by Product Type (Aluminum Silicate, Calcium Silicate, Calcium Carbonate, Silica, Titanium Dioxide, Zinc Oxide), Application and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2026

Maleic Anhydride Market by Raw Material (n-butane and Benzene), Application (Unsaturated Polyester Resin (UPR), 1,4-butanediol (1,4-BDO), Lubricating Oil Additives, and Copolymers)), and Region - Global Forecast to 2026

Dimethyl Carbonate Market by Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents), End-Use Industry (Plastics, Paints & Coatings, Pharmaceuticals), Grade (Industry, Pharmaceutical, Battery), Region - Global Forecast to 2026

Methanol Market by Feedstock (Natural Gas, Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, MMA, Acetic Acid, DME, Biodiesel), Sub-Derivative, End-use Industry, and Region (North America, APAC, Europe, South America, MEA) - Global Forecasts to 2026

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.