The global sulfuric acid market size was USD 15 Billion in 2022 and is expected to reach USD 38.37 Billion in 2032, and register a revenue CAGR of 11% during the forecast period.
2. INTRODUCTION:
Sulfuric acid, often referred to as the "king of chemicals," is a strong mineral acid with
a wide range of industrial applications. Its significance in various industries, including
manufacturing, agriculture, and chemical processes, makes it one of the most
produced and widely used chemicals globally. This article explores the properties,
production methods, and diverse applications of sulfuric acid.
3. CHEMICAL PROPERTIES:
Sulfuric acid, with the chemical formula H2SO4, is a highly corrosive and dense
liquid. It is colorless when pure, but it often appears as a viscous, oily liquid with a
pale yellow tint due to impurities. Sulfuric acid is highly soluble in water, and its
concentrated form releases significant amounts of heat when diluted. It is a strong
diprotic acid, meaning it can donate two protons per molecule.
4. MARKET SUMMARY:
• The global sulfuric acid market size was USD 15 Billion in 2022 and is expected to
reach USD 38.37 Billion in 2032, and register a revenue CAGR of 11% during the
forecast period. The market revenue growth is a result of factors such as rising
fertilizer demand, expansion in the car sector, and the usage of sulfuric acid in a
variety of end-use sectors including chemicals, pulp and paper, and wastewater
treatment.
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5. CONCLUSION:
Sulfuric acid is a versatile and indispensable chemical with widespread applications
across diverse industries. Its production and use contribute significantly to global
industrial processes, making it a cornerstone in the world of chemistry and
manufacturing. While its utility is vast, the importance of responsible handling and
safety precautions cannot be overstated in order to mitigate potential risks associated
with its use.