Introduction
Sulfuric acid is one of the primary ingredient for the formulation of chemical and compounds used in numerous industries. Sulfuric acid is used in the synthesis of phosphoric acid which is further used as a primary ingredient for the production of pupate fertilizers, ammonium phosphates and calcium dihydrogenphospahate. Furthermore sulfuric acid is widely used in metal processing such as manufacture of zinc and copper. Sulfuric acid is also used in the formulation of caprolactum which is further used for the synthesis of polyamide 6 and form pigment that is further used for formulation of paint solutions.
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Sulfuric Acid Catalyst Market: Dynamics
With increase in sulfur production across the globe the demand for sulfuric acid catalyst increased significantly in last few years. Numerous properties such as reduction of bed inlet & outlet temperature, reduction of SO2 emission in absorption plant adds to increasing usage of sulfuric acid catalyst in sulfur production.
Furthermore growing demand for paint & coting formulation, fertilizers, metal processing triggers the demand for highly active sulfuric acid catalyst. Manufacturers of sulfuric acid catalyst are adopting new business models such as long term agreement with the suppliers and distributors in order to maintain the effective supply of sulfuric acid catalyst.
They are also focusing on expanding their manufacturing unit that assists in fulfilling the rising demand of sulfuric acid across the globe. However some of the limitations that hamper the sulfuric acid catalyst market are dust accumulation in the bed leading to vanadium loss, moisture contact may reduce the hardness of the catalyst, arsenic coating used in catalyst solution is poisonous which poses hazardous effects for the environment.
Sulfuric Acid Catalyst Market: Segmentation
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Sulfuric Acid Catalyst Market: Regional Outlook
The global Sulfuric Acid Catalyst Acid Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2016. APAC region is the prominent consumer of sulfuric acid catalyst.
The demand is principally generated from the increase in production activities of sulfuric acid in countries like China, India and ASEAN countries. In MEA region, Saudi Arabia and Morocco are the major countries that consume considerable amount of sulfuric acid catalyst for sulfuric acid production.
Emerging economies such as Latin America and Eastern Europe exhibit the significant growth over the forecast period. Developed Regions such as North America and Western Europe have significant market share for the consumption of sulfuric acid catalyst. Japan is also projected to show steady growth driven by the new sulfuric acid based product offering.
Sulfuric Acid Catalyst Market: Key Players
- Haldor Topsoe A/S
- BASF SA
- DuPont
- Han Billion Metals and Chemicals Co.,Ltd
- Sud-Chemie
- Nanjing Yungao New Material Co., Ltd.
- Shandong Aobao Co. Ltd.
- Hengyeng Xiangnan Chemical Plant
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