Sulfuric acid (H2SO4), an inorganic compound, is also known as mattling acid due to its highly corrosive and intensely acidic properties. This colorless liquid, devoid of odor, readily dissolves in water and ethyl alcohol. Upon dissolution, it generates heat and boasts a boiling point of approximately 337°C. Commercially, it is derived from sulfur trioxide using a chamber process.
This chemical serves as both an oxidizing and dehydrating agent in various industrial chemical manufacturing processes, finding extensive use in sectors such as chemical and agrochemical production.
Vietnam, the United States, and India are among the prominent importing countries for Sulfuric acid, while Vietnam, India, and China stand out as the key exporting nations.
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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 trends, 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:
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Sulfuric acid, a key industrial chemical, finds extensive application in synthesizing diverse compounds on a large scale. Its widespread use spans various sectors like chemicals, petrochemicals, agriculture, and polymers. Primarily, it plays a significant role in producing acids and bases on an industrial level. In agriculture, sulfuric acid contributes to the creation of fertilizers vital for enriching soil and providing essential nutrients to crops. Furthermore, it plays a role in the production of dyes and paints within the paints and coatings industry.
Beyond these sectors, sulfuric acid plays a role in pharmaceuticals by aiding in the manufacture of certain medications used in cancer treatment. Its utility extends to the production of explosives, detergents, pigments, batteries, and plastics at a massive scale. In the petrochemical realm, it serves in refining gasoline and other petroleum derivatives.
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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