India Sulphuric Acid Market

06/gen/2021 13:57:55 SophiaJones Contatta l'autore

 

Market Reports on India Provides the Trending Market Research Report “India Sulphuric Acid Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Process, Application, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”under Chemical & Materials  Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

India Sulphuric Acid Market witnessed notable growth in the last five years and is anticipated to achieve a healthy CAGR of around 6.5% during the forecast period. Sulphuric Acid is a colorless, highly corrosive diprotic acid finding various applications in the chemical industry due to its extraordinary oxidizing and dehydrating properties. Surge in the consumption of Sulphuric Acid in India is augmented by the overall growth of the Indian chemical industry wherein it is widely utilized for synthesizing myriad derivatives. Sulphuric Acid is primarily being used as a feedstock for the synthesis of nitrogenous and phosphatic fertilizers against the backdrop of its abundant demand from the fertilizer industry. Besides this, growing consumption for Sulphuric Acid in the water treatment process and metal processing is anticipated to contribute well to propel its demand in the forecast period.

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Coronavirus outbreak in the country in the final quarter of FY20 has hindered the sturdy fundamentals of domestic Sulphuric Acid market. Subdued offtakes for downstream derivatives as a repercussion caused by the nationwide lockdown in March overshadowed its slacked production margins disrupted by the forced turnaround in various chemical refineries. Slowed operations in fertilizer industry followed by the temporary turnarounds in some of the major downstream companies negatively affected its growth rate in the final quarter. However, demand fundamentals for Sulphuric Acid is expected to showcase a V-shaped recovery with scheduled capacity additions in its downstream derivatives under the government initiative of self-reliant India.

Sulphuric Acid can be produced by either of the smelter or sulphur route. Owing to the extensive demand for Sulphuric acid in the country, more than 90% of Sulphur produced in the domestic market is directed to manufacture Sulphuric Acid. On the back of the high yield and affordability, Double Conversion Double Absorption (DCDA) process technology is presently the widely used process for its production. Single Conversion and Single Absorption (SCSA) process is another popular production method for manufacturing Sulphuric.

There are several organized and unorganized players operating in India Sulphuric Acid market, making it highly fragmented in nature. However, one-fourth share of the total production comes from the 6 leading market players. As of 2020, Hindustan Zinc Limited is the largest manufacturer of Sulphuric Acid operating in the domestic market. With favorable initiatives by Indian government for the expansion of the manufacturing facilities in India, there exists huge opportunity for manufacturers eyeing to widen their domestic revenues

To extract data for India Sulphuric Acid market, primary research surveys were conducted with manufacturers, suppliers, distributors, wholesalers and end users of Sulphuric Acid. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India Sulphuric Acid market over the coming years.

Chem Analyst calculated demand for Sulphuric Acid in India by analyzing the historical data and demand forecast was carried out considering consumption from end user industries. Chem Analyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports and annual reports were also studied by Chem Analyst.

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sulphuric Acid manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Key Target Audience:
• Sulphuric Acid manufacturers, suppliers, distributors and other stakeholders

• Organizations, forums and alliances related to Sulphuric Acid distribution

• Government bodies such as regulating authorities and policy makers

• Market research and consulting firms

Report Scope:
In this report, the India Sulphuric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Application – Fertilizer, Dyes & Dye Intermediates, LABSA, Steel, Fluorine derivatives, Titanium Dioxide, Explosives, Rayon Yarn, Water Treatment, Pulp & Paper & others
Market, by Grade –Commercial Grade, Battery Grade
Market, by Process – Elemental Sulphur, Smelter By-Product
Market, By Distribution Channel –Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region – North, South, East and West.

Competitive Landscape
Chem Analyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.

Available Customizations:
With the given market data, Chem Analyst offers customizations according to a company’s specific needs.

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