Global Overview on the Growth of the Sulfuric Acid Market Mar-2017

Global Sulfuric Acid Market 2017-2021
The Sulfuric Acid market report contains a comprehensive market and vendor landscape in addition to a
SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the
global sulphuric acid market: Akzo Nobel, DuPont, Evonik Industries, Honeywell International, and
Jacobs. Other Prominent Vendors in the market are Aditya Birla Management Corporation and
PotashCorp.
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Market Trend
Ultra-pure sulfuric acid (UPS) also known as electronic grade sulfuric acid is a very important
microelectronics chemical reagent. It is used in the fabrication of silicon wafers. It helps in maintaining
the high-quality demands from the semiconductor industry. UPS helps in removing the inorganic
residue, impurity particles, and carbon deposits on the wafer while etching and cleaning.
Semiconductors are expected to experience steady growth during the forecast period because of
increased global use of electrical and electronic appliances, and rapid economic growth in developing
countries. The electronic grade sulfuric acid demand is expected to grow at a CAGR of 6%-7% during the
forecast period.
Market Driver
According to the Sulfuric Acid market report, as there is an increase in the concern toward depleting
crude oil resources, there is an increase in the demand for biofuels such as corn-based fuel. Biofuels
have several advantages over crude oils such as easy to source, renewable, and reduces greenhouse gas
emission leading to lower level of pollution. These fuels are extracted from plants and crops and hence
are renewable, unlike crude oil. The cultivation of plants and crops require fertilizers (phosphate
fertilizers). Grains (including corn) account for the largest share of the phosphate fertilizers market.
Market Challenge
Further, the report states that papermaking under acid conditions was restricted by corrosion failure
and failed to produce robust products. Neutral/alkaline papermaking activity in Europe was stimulated
by the need to regain and recycle secondary fiber, reduce water consumption and abrasiveness of the
process due to by mineral fillers such as china clays.
In North America, neutral/alkaline papermaking process was exercised to manufacture more permanent
paper products, to reuse a significant amount of processed water and significantly reduce the total cost.
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