Global Sulfuric Acid Market is expected to reach USD 13.45 billion by 2025. Sulfuric Acid is also termed as oil of vitriol, sulphuric acid, or dihydrogen sulfate is a colorless & odorless, dense, oily corrosive liquid with a molecular formula H2SO4. The molecular weight is 98.072 g/mol and is soluble in water and sulfur trioxide with release of heat. It is exclusively used to manufacture chemicals and fertilizers and in steel and iron production. It is normally supplied based on concentrations of 98, 78, or 93 percent.
Sulfuric acid is a very robust acid and in aqueous solutions, it ionizes entirely to form hydrogen sulfate ions (HSO4−) and hydronium ions (H3O+). The Sulfuric Acid Market is estimated to grow at a significant CAGR of 3.3%over the forecast period as the scope and its applications are rising enormously across the globe.
Full Research Report On Global Sulfuric Acid Market Analysis available at: https://www.millioninsights.com/industry-reports/sulfuric-acid-market
Respiratory disposables, surgical and non-woven disposables, laboratory disposables, wound disposables, and incontinence disposables are the product types that could be explored in Sulfuric Acid in the forecast period. Surgical and non-woven disposables comprise surgical caps, disposable syringes, patient bed sheets, catheters, forceps, infusion pumps, surgical suture, blood transfusion sets, scissors, and disposable gloves. Glass, plastic resins, metals, nonwoven material, paper & paperboard, rubber, and other raw materials could be explored in Sulfuric Acid in the forecast period.
The market may be categorized based on end users like physician offices, healthcare facilities, hospitals & clinics, outpatient facilities, emergency care, ambulatory surgical centers, and others. Hospital sector accounted for the substantial market share of Sulfuric Acid in 2014 and is estimated to lead the overall market in future. This may be because of growing number of patients, emergency visits, and surgical procedures.
Globally, North America accounted for the significant market share of Sulfuric Acid and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be presence of developed healthcare infrastructure, rising awareness among populace regarding effects of cross-contamination and infection, and growing acceptance of enhanced technology. The United States is a major consumer of Sulfuric Acid in this region.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the fastest pace in the foremost period. The aspects that may be ascribed to the growth comprise an alarming number of major manufacturers in this region and improvising on healthcare infrastructure. The developing countries like India and China are the major consumers of Sulfuric Acid in this region.
The key players of Sulfuric Acid Market are Covidien plc, Dickinson and Company, Johnson & Johnson, 3M Company, and Becton. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
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Raw Material Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)
• Elemental sulfur
• Base metal smelters
• Pyrite ore
Application Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)
• Chemical manufacturing
• Metal processing
• Petroleum refining
• Textile industry
• Paper & pulp
Regional Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
• Saudi Arabia
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals
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