Sulfuric Acid Market Overview:
Sulfuric Acid is produced in the world than any other chemical. Over 40 Million tons of sulfuric acid is manufactured annually in the U.S.
Sulfuric Acid is a strong mineral acid. It is Soluble in water at all concentrations. Sulfuric acid has many applications and is top a product of the chemical industry. World production in 2011 was 168 Million tonnes, with an approximate value of USD 10 Billion. Principal uses include ore processing, fertilizer manufacturing, oil refining, wastewater processing, and chemical synthesis.
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Sulfuric Acid Market Key Players:
Agrium, Akzo Nobel, Bayer, Bp, Chevron, Cytec Industries, Dupont, Evonik Industries, Honeywell and Solvay, PVS Chemical Solutions, Chemtrade Logistics and among others are some of the prominent players at the forefront of competition in the Global Sulfuric Acid Market and are profiled in MRFR Analysis.
Industry/ Innovation/ Related News:
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.
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.
May 18, 2017- Yidu Xingfa Chemical and DuPont tied in an agreement for an engineering and technology license for a 3,600 Mtpd MECS MAX3 sulfuric acid plant. The collective effort has taken to build one of the largest sulfuric acid plants in China in order to cater the ongoing demand. Xingfa is expanding its existing site, located in the Hubei province near Yichang city, with the aim of roughly doubling the phosphate fertilizer capacity. The new MECS MAX3 sulfuric acid plant will process 1.2 MMtpy of sulfuric acid, as well as support the production of an additional 400,000 tonnes/yr of phosphoric acid, 400,000 tonnes/yr DAP and 35,000 tonnes/yr of potassium phosphate monobasic. The overall expansion activity expected gain market effectiveness while bridging the demand supply gap of sulfuric acid.
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.
Sulfuric Acid Market Table of Content to be Continue……,
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Sulfuric Acid Market Overview: