DUBLIN, Mar. 06, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/2vz7rn/sulfuric_acid) has announced the addition of the "Sulfuric Acid Market in the US 2015-2019" report to their offering.
The Sulfuric Acid market in the US to grow at a CAGR of 1.47% over the period 2014-2019
Sulfuric acid is a colorless, viscous liquid; it is hazardous and corrosive in nature. Sulfur is the major raw material used in the production of sulfuric acid, and around 90 percent of global sulfur production is used in the sulfuric acid production. The other methods of sulfuric acid production include production from smelter gas and iron pyrites. Sulfuric acid finds its applications in myriad sectors and industries including Fertilizers, Chemicals, Agricultural, and Others. Major applications of sulfuric acid include production of chemicals, additive in the Pulp and Paper industry, rubber vulcanizing applications, and as battery acid in the Automotive sector.
Increased preference for involuntary production of sulfuric acid is an emerging trend in the Sulfuric Acid market in the US. The production of sulfuric acid through smelting of base metals is expected to increase, and it is this source of supply that drives the trade and prices of sulfuric acid in the region.
According to the report, the demand for sulfuric acid in the US is expected to increase because of the growing demand for fertilizers. The Fertilizer industry accounts for nearly 70 percent of the demand for sulfuric acid in the US and has a strong influence on market growth. The growing adoption of soil fertility management practices, combined with the decrease in arable land, is propelling the adoption of fertilizers.
Further, the report states that price volatility is one of the major challenges that restrain the growth of the Sulfuric Acid market in the US. The market experiences intense price fluctuations owing to the seasonality of demand from end-use markets and the excess supply because of recent capacity expansions.
The report provides data on the following segments of the Sulfuric Acid market in the US:
- Production (Elemental Sulfur, Smelter Gas, Recycling)
- Process (Voluntary Acid Production and Involuntary Acid Production)
- End-use (Phosphoric Acid and Fertilizer Production, Copper Leaching, Petroleum Alkylation, Pulp and Paper, Ammonium Sulfate, and Others)
- Akzo Nobel
Other Prominent Vendors
- Big River Zinc Sauget
- CF Industries
- Chemtrade Logistics
- Chemtrade Refinery Services
- Climax Molybdenum
- Honeywell International
- Langeloth International
- Lucite International
- Phelps Dodge
- Potash Corp (PCS Phosphate)
- PVS Chemical Solutions
- Southern States Chemical
- Tampa Electric
- The Doe Run
- The Mosaic
- Valero Energy
For more information visit http://www.researchandmarkets.com/research/2vz7rn/sulfuric_acid
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SOURCE Research and Markets