Sulfuric acid (H2SO4) is a chemical compound that is inorganic in nature. It is also known as mattling acid, which is highly corrosive and has a strong acidic characteristic. It is a colorless liquid with no odor and is soluble in water and ethyl alcohol. It produces heat when dissolved in water and measures a boiling point of around 337° C. It is commercially prepared from sulfur trioxide in a chamber process.
It is an oxidizing and dehydrating agent in various industrial chemical manufacturing procedures. The compound is widely used in several commercial domains, including chemical and agrochemical manufacturing industries.
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The key importing countries for Sulfuric acid are Vietnam, the United States, and India. On the other hand, the key exporting countries are Vietnam, India, and China.
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 an industrial chemical that is widely used in the synthesis processes of various chemical compounds on a large scale. Sulfuric acid is used in several industrial domains, which include chemical, petrochemical, agricultural, and polymers industries. It is utilized in manufacturing acids and bases, specifically on a large scale. Sulfuric acid is used in the production of various fertilizers that are used on agricultural fields to provide the required nutrients and maintain healthy soil. The compound is also associated with the paints and coating industry and produces dyes and paints.
Additionally, it is associated with the pharmaceutical industries, where it is used to manufacture certain drugs and medicines that are used to treat cancer. It is also used in manufacturing explosives, detergents, pigments, batteries, and plastics on a large scale. The petrochemical industries use the compound to refine gasoline and other petroleum products.
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
- Date: January 11, 2023– A Brazilian chemical manufacturing company Unigel RI has signed a contract with MECS, Inc., to set up a new Sulfuric acid plant in the coastal states of Bahia.
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