Industry News

India Sulphuric Acid Market in Recovery Phase

Sulphuric acid imports in India exhibited growth at a CAGR of 43.8% during 2013-2015

India: A drastic increase in the sulphuric acid imports in India has been observed since 2013 on account of robust demand for sulphuric acid for the manufacturing of phosphate fertilizers. Reduced demand for phosphate fertilizer in India in 2013 was one of the major reason for oversupply in the global market which resulted in weaker sulphuric acid prices. However, the Indian sulphuric acid imports have increased from 0.65 million tons in 2013 to 1.34 million tons in 2015, exhibiting a growth of 43.8%. Further augmentation of the fertilizer industries of India is anticipated to drive the demand for sulphuric acid over the next few years.

TechSci Research depicts that rising import of sulphuric acid in India, on account of increasing applications in fertilizer as well industrial sectors of the country, can be attributed to the growing demand for sulphuric acid in the country. Moreover, expansions in phosphate fertilizer manufacturing capacities is expected to generate augmented demand for sulphuric acid over the next few years.

According to the recent report published by TechSci Research Global Sulphuric Acid Market,  By Manufacturing Process (Lead Chamber and Contact Process), By Raw Material (Sulphur, Exhaust Gases, Pyrite), By End-Use Industry (Fertilizers, Chemical etc.), By Region, Competition Market Forecast & Opportunities, 2011-2025”, the global sulphuric acid consumption was more than 230 million tons in 2015, which is growing at a healthy pace. Asia-Pacific accounts for the largest share in the global sulphuric acid market with South Korea and Japan being the largest sulphuric acid exporters owing to the prevalence of base metal smelters in the region. In 2015, South Korea exported around 3 million tons of sulphuric acid, accounting for 16.8% of the global total, while Japan exported around 2.7 million tons, governing a share of 15.2% in the total global export.

Relevant Reports

Cosmetic Chemicals Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Surfactants, Polymer Ingredients, Colorants, and Preservatives), By Application (Skin Care, Hair Care, Nail Care, Oral Care, Others), By Region and Competition,

Chemicals | Apr, 2024

Growing Demand for Anti-aging and Skincare Products and Shifting Consumer Preferences are factors driving the Global Cosmetic Chemicals Market in the forecast period 2025-2029.

Relevant News