Procurement Resource Evaluates the Price Trends of Sulfuric Acid in its Latest Insights and Dashboard
Price Trends of Sulfuric Acid in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Sulfuric Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; Customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Sulfuric Acid can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
Sulfuric acid or sulphuric acid, which was known as the oil of vituperation in ancient times, is a mineral acid comprised of the portions of oxygen, sulfur, and hydrogen. Its biological formula is H2SO4. Moreover, sulfuric acid is odourles, colourless, and gelatinous liquid that is mixable with water. Sulfuric Acid in its natural form does not occur easily on Earth because of its intense resemblance to water vapour. Hence, it is hygroscopic and instantly soaks up water vapour present in the air.
Also Check Sulfuric Acid Production Cost Report – https://www.procurementresource.com/production-cost-report-store/sulfuric-acid
Regions Covered to Evaluate Sulfuric Acid Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Sulfuric Acid Price Trend:
As a significant industrial chemical, sulfuric acid is utilized in the production processes of many commodities over a broad variety of applications such as Fertilizers, Sugar bleaching, Colouring agents, Water treatment, Gasoline, Automobile batteries, Pharmaceuticals, Paper bleaching, Steel manufacturing, Sulfonation agents, Cellulose fibers, Regeneration of ion exchange resins, and Amino acid intermediates. More than one million tonnes of sulfuric acid are produced every year in the UK alone, along with an additional 40 million tonnes manufactured annually in the USA. The global manufacturing of sulfuric acid totals to be about 180 million tonnes yearly. In addition, the primary use of sulfuric acid, around 50%-60%, is in the manufacturing of fertilisers like ammonium sulfate and superphosphate of lime hence it leads the sulfuric acid market. In addition to the reducing availability of fertile land and the superior probability of produce from farmers due to the rising urbanization, the demand for fertilisers is anticipated to expand rapidly. The development of fertilisers, specifically in the phosphate division, will increase the demand for sulfuric acid which is a critical resource in the production of commercial phosphate fertilisers. This is impacting the price of sulfuric acid globally.
Key Market Players:
- BASF SE
- INEOS Sulphur Chemicals (INEOS Capital Limited)
- The Mosaic Company
- Saudi Arabian Mining Company (Ma’aden)
- Agrium U.S. Inc. (Nutrien Ltd.)
- Zhejiang Jiahua Energy Chemical Industry Co. Ltd.
News and Events:
In December 2021, Boliden and Metso Outotec signed a contract related to the augmentation of investment in the Odda zinc smelter. This agreement incorporates a sulfuric acid plant, roasting plant, engineering services, and leaching technology and will be completed by 2024.
In November 2021, there was an announcement by Phosagro to appoint a new sulfuric acid manufacturing division with 3,300 tonnes capacity everyday at PhosAgro’s Cherepovets manufacturing site.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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