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Sulfuric acid, with a formula H2SO4, is also spelled as sulphuric. It is also called oil of vitriol or hydrogen sulfate and is a thick, colourless, greasy, and acidic liquid. Sulfuric acid is one of the most industrially critical chemicals.
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Additionally, it is made commercially by the reaction of water with sulfur trioxide, which in turn is prepared by a chemical blend of sulfur trioxide which in turn is created by a chemical mix of sulfur dioxide and oxygen either through the contact process or the chamber process. The acid is utilised in several concentrations in the production of fertilizers, pigments, dyes, drugs, explosives, detergents, and inorganic salts and acids, as well as in petroleum refining and metallurgical processes.
Canada is the top sulfuric acid exporting country in the world. Qatar is the second-largest sulfuric acid exporting country, while the United States is the biggest importer of sulfuric acid globally.
Key Details About the Sulfuric Acid Price Trend:
Procurement Resource does an in-depth analysis of the price 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; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Sulfuric Acid Price chart, including India Sulfuric Acid price, USA Sulfuric Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Sulfuric Acid Price Trend:
Sulfuric acid is one of the critical industrial chemicals that is utilised in the production processes of several goods throughout a broad range of applications like wastewater processing, production of cleaning agents, processing of minerals, and producing explosives and detergents. Additionally, sulfuric acid is employed in the pulp and paper sector for chlorine dioxide production, tall oil splitting, and pH adjustments. Moreover, since it is an extremely vital chemical compound, sulfuric acid is utilised in the production process of a variety of renowned chemicals such as hydrochloric acid, nitric acid, phosphoric acid, and several other industrial chemicals.
Key Players:
- Asahi Kasei
- Lanxess
- LG Chem
- Polimeri Europa
- Sinopec
News & Recent Development
- January 31, 2023: The General Motor declared that it would invest USD 650 million to help Lithium Americas Corp in the expansion of North America's biggest Lithium mine, Nevada's Thacker Pass Lithium mining project. Lithium Americas Corp is developing an ambitious project that needs a loan from the United States Department of Energy to construct a 3,000-tonne-per-day sulfuric acid plant to obtain lithium from the clay at its site. The loan will help finance a "primary component" of this continuing capital spending for the project. This agreement was introduced at a time when the sector is swiftly shifting to greener technology and marks a critical indicator for Lithium Americas Corp.
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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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