Prevalent Scenario in Sulphuric Acid Market
Sulphuric acid is utilized to manufacture phosphoric acid. This phosphoric acid is later
employed for the production phosphate fertilizers including, ammonium phosphates and
calcium dihyrogenphosphate. Increasing demand for fertilizers owing to rising agricultural
activities is anticipated to positively drive the growth over the forecast period. Sulphuric acid is
used in manufacturing a number of chemicals including, nitric acid, hydrochloric acid,
ammonium sulphate, and aluminum sulphate. The growing demand for industrial chemicals for
manufacturing various commercial products is projected to propel growth of the market over
the next few years. Sulphuric acid is utilized for pH adjustment, oil splitting and generation of
chlorine dioxide in paper & pulp industry. Rapid growth in paper & pulp is projected to aid
growth of the market over the foreseeable future.
The acid, when at high concentration causes serious damage to human beings and can lead to
skin irritation and even permanent blindness. Owing to hazardous effects of the strong acidic
mixture, it is often subjected to strict governmental regulations. The American Conference of
Governmental Industrial Hygienists (ACGIH), has categorized the acid as a carcinogen. The
U.S. Environmental Protection Agency (EPA), has listed sulphuric acid as a toxic chemical.
The Occupational Safety and Health Administration (OSHA 1998), has laid down guidelines
for the permissible exposure limit (PEL), of the sulphuric acid to 1mg/m3. These regulations
govern use of the strong acidic mixture in end-use applications and also the raw materials
utilized to produce it. These stringent regulations coupled with the high raw material prices, are
expected to hinder the growth of the market over the forecast period. North America and
Europe are expected to account for the largest share in the market, on account of presence of
major players in the region. The region of Central & South America is projected to witness a
steady growth in its market share owing to the rapid industrialization in the region. Asia Pacific
is projected to experience the fastest growth owing to burgeoning growth of various end-use
industries in emerging economies such as China and India. Sulphuric acid is used in the most
common hydrometallurgical processes to leach the ores in order to extract metals. Countries
including South Korea and Japan, have a large number of metal smelters, and thus are
anticipated to contribute towards the market growth in the near future.
Browse Detail Report@
https://www.coherentmarketinsights.com/ongoing-insight/sulphuric-acid-market-326