India Sulphuric Acid Market Growth is Expected to Grow at a CAGR of 3.5% By 2025



Growing agriculture sector, increasing metal processing activities, coupled with rising awareness about wastewater treatment to drive India sulphuric acid market through 2025

According to the recently published TechSci Research report “India Sulphuric Acid Market Study, 2011 - 2025”, the sulphuric acid market in India is projected to exhibit a CAGR of 3.35% during 2016-2025, on account of increasing fertilizer production in the country. Moreover, growing demand and consumption of sulphuric acid can be attributed to rapid growth in population size of India, which is subsequently driving demand for infrastructure, food crops and base metals. Growing application of sulphuric acid in processing of fertilizers and other industrial chemicals, coupled with rising initiatives by Government of India to collaborate with global manufacturing firms, are further expected to drive India sulphuric acid market during the forecast period.

Sulphuric acid is tailored for utilization as the most crucial raw material and key ingredient in agriculture sector with applications in production of fertilizers and pH adjustment. Moreover, it is also an essential part of nearly all manufactured goods, chemical synthesis such as hydrochloric acid, nitric acid, sulphate salts, synthetic detergents, dyes and pigments, explosives, and drugs. Sulphuric acid is utilized in carrying out processing of metals by various methods including pickling of iron & steel prior to plating process. West region was the major demand generator for sulphuric acid in India over the past few years, owing to presence of major fertilizer and chemical producing companies located in this region. Furthermore, leading sulphuric acid manufacturers such as Hindalco Industries Ltd., and Paradeep Phosphates Ltd., have an installed production capacities of 1,670 and 660 thousand tons, respectively.

Read Full Report Here: https://www.techsciresearch.com/report/india-sulphuric-acid-market-study/841.html

“Fertilizer is the largest consumer of sulphuric acid in India, owing to rising urbanization and growing population in the country, which is further increasing focus on agriculture sector of India to meet growing demand for food. Phosphate fertilizers production in India stood at 4,113.1 thousand metric tons in 2014, which is further projected to increase in the coming years. Thus, growing production of phosphate fertilizer and increasing use of sulphuric acid in metal processing to boost demand for sulphuric acid in Indiaduring the forecast period.” said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.

“India Sulphuric Acid Market Opportunities, 2011 - 2025” has analyzed the potential of the sulphuric acid market in India and provides statistics and information on market sizes, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by India Sulphuric Acid market.

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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