SULFURIC ACID MARKET ANALYSIS

Regional Analysis

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North America has dominated the global sulfuric acid market for the past few decades with 42.4% of the market share. The region accounts for the largest market share due to a strong presence of chemical and fertilizer industries which are the major end users of sulfuric acid. The U.S. is the single largest country-level market owing to the presence of many acid consuming industries. Moreover, the country remains one of the top producers of the chemical aided by the easy availability of key raw materials. Many international players have established their production facilities in the region to cater to the local demand. This has further boosted the domestic manufacturing of sulfuric acid.

Asia Pacific has emerged as the fastest growing regional market for sulfuric acid in recent years. China accounts for the major share of both production and consumption in the region. The country has witnessed a rapid growth in the manufacturing sector involving industries like chemicals, fertilizers, and petrochemicals. This has translated into a burgeoning demand for sulfuric acid. Moreover, the Chinese government has actively promoted self-sufficiency in fertilizer production to boost agricultural yields. As a result, domestic sulfuric acid manufacturing has increased substantially to meet the escalating demand from fertilizer plants. Apart from China, India is another high growth market attributed to robust industrial development. The South Asian nation has also witnessed major capacity additions in sulfuric acid plants over the last decade.