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Sulfuric acid with the formula H2SO4 is a dense, colourless, oily, corrosive liquid and is the most industrially critical of all chemicals. It is also called oil of vitriol or hydrogen sulfate. Additionally, sulfuric acid is produced commercially by reacting water with sulfur trioxide, that in turn is prepared by a chemical blend of sulfur dioxide and oxygen either using the contact process or the chamber process. In several applications, the acid is utilised in the production of fertilisers, pigments, dyes, drugs, explosives, detergents, and inorganic salts and acids, as well as in petroleum refining and metallurgical processes.
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China is the leading sulfuric acid-producing country globally, followed by the United States, Russia and Saudi Arabia.
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 analysis, including India Sulfuric Acid price, USA Sulfuric Acid price, pricing database, and chart 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 a critical commercial chemical that is utilised in the production processes of several goods on a broad range of applications. This chemical is employed in the pulp and paper industry for generating chlorine dioxide, tall oil splitting and pH adjustments. Since it is an extremely crucial chemical compound, sulfuric acid is utilised in the production process of a variety of recognised chemicals such as hydrochloric acid, nitric acid, phosphoric acid, and various other industrial chemicals.
Moreover, the crude oil refining process needs the usage of acid as an agent and sulfuric acid is commonly used for this purpose. Some of the other industrial uses of sulfuric acid are processing wastewater, making cleaning agents, processing minerals, and producing explosives and detergents, among others.
Key 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 & Recent Development
- January 19, 2023: The leading Indian Global Engineering, Procurement and Construction (EPC) & Turnkey Project Management Company – declared that it had been granted the much-awaited 550 TPD sulfuric acid plant project in an EPC contract in Neratovice, Czech Republic. Solana s.r.o., a significant chemical producer based on the banks of the Elbe River in Neratovice, Czech Republic, will be the owner of this project. Nuberg EPC will operate this project using the newest Double Conversion Double Absorption (DCDA) technology. It is anticipated that the plant will deliver in three years, including project stages 1,2 and 3. The organization is starting up with the project on EPC based contract inclusive of the technology.
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About Us:
Procurement Resource offers 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 most 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 tracks 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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