Sulfuric Acid Market to Register a CAGR of 2.5% through 2028. North America Tops in Consuming Fertilizers – Future Market Insights

High- paced growth in consumption of phosphate fertilizers is likely to exceed the demand for sulfuric acid. Owing to expanding needs for crop nutrients and fertilizers, countries are by-far creating great investment opportunities in the market.

DUBAI, UAE / ACCESSWIRE / September 22, 2020 / Sulfuric acid market will witness intense competition between the key players and a steady growth will be seen in the next decade. Leading participants of the market will engage in developing strong partnership with end-users like fertilizer manufacturers. This will help the market witness a gradual easing of bottleneck in the supply chains.

"Due to sustained demand for sulfuric acid in Middle East region and growing adoption in the fertilizer market, intense competition will be seen in the upcoming years. Key companies are working hard and launching unique products to grasp the opportunities that are emerging in major industries like pulp and paper or chemical," states the FMI Analyst.

Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-6753

Sulfuric Acid Market – Important Highlights

Sulfuric acid will gain excellent momentum due to increased use in chemical, paper and fertilizer industries.
On the basis of end-use, fertilizers and crop nutrients is expected to hold the highest market share globally.
Canada and USA are the third and seventh largest crop nutrient consumer and producer.
Phosphate fertilizer market is set to raise incremental opportunities in the coming years.

Sulfuric Acid Market – Critical Factors

Use of sulfuric acid is largely noticed in crop nutrients and phosphate fertilizers.
Production of copper and zinc metal requires abundant portion of sulfuric acid which thereby drives the market.
Growing adoption in chemicals, fertilizers and metal industries is helping the market run at a good pace.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-6753

Sulfuric Acid Market – Key Restraints

Intense competition between key players is going to pose significant challenge to the market.
Reduced availability of materials might act as a restraint too.

Expected Impact on Market by Coronavirus Outbreak

The pandemic has surely affected production because raw materials are not available and trade was at a halt for a long time. Due to strict lockdown all across the globe there has also been a shortage of work force and manufacturers are planning to revise the strategies to gain proper momentum. The pandemic is likely to affect the fertilizer industry in Canada and USA but as sulfuric acid is a necessity in most of the channels, it will gain momentum in near future.

Competition Landscape

APEJ region excluding Japan is going to offer lucrative opportunities and investment scenes. China has dominated the zinc and metal market and will continue to do so.

Companies are relying on ideas of product expansion of end-use and applications to help the market grow. Canada and USA ranks the highest in production and consumption of fertilizers in the market. Due to intense competition in Middle East region, key players are experiencing significant challenges.

Buy Now@ https://www.futuremarketinsights.com/checkout/6753

More on the Report

The report presents segmentation on the basis of end-use (chemical fertilizers, phosphates, metal processing, fibres, hydrofluoric acid and paint) and region wise analysis (North America, Latin America, Western Europe, India, Japan and Middle East).

Explore Wide-ranging Coverage of FMI's Chemicals and Materials Landscape

Global Dodecanedioic Acid Market FMI's report analyses segmentation on the basis of form, products and end-use etc. Market trends, economic factors are taken into consideration for a clear analysis.

Palmitic Acid Market Find insights on market trends, strategies, historical and forecast data estimations and geographical regions exhibiting promising growth in dairy products and meat.

Fluoroantimonic Acid Market FMI's report presents analysis on cost structure of the products, in-depth pricing analysis and categorization of key market participants.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/sulfuric-acid-market
Press Release Source: https://www.futuremarketinsights.com/press-release/sulfuric-acid-market

SOURCE: Future Market Insights

ReleaseID: 607214