Industry/ Innovation/ Related News:
October 10, 2017- Indian Farmers Fertiliser Cooperative Ltd and Jordanian Phosphate Mines Company has formed joint venture to build largest Sulfuric Acid plant in India. The agreement has undertaken by investing overall amount of USD 860 million. The plant will come as a huge relief to India’s agricultural sector requirements in view of meagre availability of phosphates in India. Phosphoric acid produced at the plant will be exported to the Kandla port in Gujarat from Jordan’s Aqaba port, which is close to the location of the plant.
November, 2017- Leading chemical industry player BASF has launched new sulfuric acid catalyst. BASF has introduced the new Sulphuric Acid catalyst O4‑115 Quattro into the market. The new, cesium-based catalyst is unique due to its geometrical shape – a combination of four strands – leading to a 30 percent greater catalytic surface area compared to conventional Sulphuric Acid catalysts. The newly launched catalyst has 30 % greater catalytic surface area and helps to improve performance during the sulfuric acid production.
August 31, 2016- Jacobs Engineering Group Inc, Acquires BAYQIK® Sulfuric Acid Converter Technology from Bayer AG. The company has acquired patented technology from Bayer AG, under the term of agreement the overall technology shift includes transfer of relevant Bayer technical, commercial and market information to Jacobs Engineering Group Inc. BAYQIK technology enables more efficient conversion of process gas with high sulphur dioxide concentrations. Therefore, it altogether expected to provide growth offerings in the Jacobs Engineering Group Inc. growth offering.
Get In-Depth Sample Report @ https://www.marketresearchfuture.com/sample_request/2037
Sulfuric Acid Market- Competitive Landscape
Global Sulfuric Acid Market is highly concentrated as well fairly competitive in nature. The key industry participants operating in this market are Agrium, Akzo Nobel, Bayer, BP, Chevron, Cytec Industries, Dupont, Evonik Industries, Honeywell and Solvay. The major companies in this market are seen adopting collective market strategies to such as mergers, acquisition and joint-ventures in order to consolidate their product portfolio and to strengthen their market presence. Several production capacity expansion has also witnessed across the various developed markets to strengthen market penetration into emerging markets and exploit untapped markets. The overall effect of market competition observed in Global Sulphuric Acid Market is observed as high and is expected to get even higher due consistent increase in the production activities.
Sulfuric Acid Market – Market Overview
Sulfuric Acid is a mineral acid and is one of the largest volume industrial chemical produced across the globe. Fertilizer production, especially phosphate fertilizer from wet-process sulphuric acid, is the major end use market fort Sulfuric Acid. The major application area of Sulphuric Acid covers fertilizers, chemical manufacturing, refinery, textile, pulp & paper manufacturing, metal processing and others.
Agricultural economies holds the greater importance in this market, as fertilizer production considered as a key focused area for the consumption of Sulpfuric Acid. Increasing demand for fertilizer to attain the higher agriculture yield had a significant impact on this market over the past few years and set its uplifted usage in the coming years. China, alone acquired almost half of the global market in terms of Sulphuric Acid production resulting into domination of Asia Pacific over the global market. In addition to this, fertilizer consumption of India represents massive number on account of presence of large agriculture base and is driving the demand for Sulphuric Acid. Apart from the, automotive industry expected to provide higher gains to key industry players in this market during the forecast period. This is due to use of Sulfuric Acid in the automotive batteries which has triggered automotive application of sulfuric acid. However, volatility in the raw material prices and growing consumption of phosphate based fertilizer limited the growth scope of this market.
Enquire more details of this report at: https://www.marketresearchfuture.com/reports/sulfuric-acid-market-2037
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar