Global Sulfuric Acid Market Research and Forecast 2018-2023

INDORE, India - Sept. 18, 2018 - PRLog -- " Increasing demand of sulfuric acid in automobile sector is fueling the  growth of sulfuric acid market."

According to the OMR analysis, the global sulfuric acid market is expected to grow at a significant rate during 2018-2023. The global sulfuric acid market has witnessed a significant growth due to rise in rise in demand from automobile sector due tt5o battery application and electric vehicle. The global sulfuric acid market is segmented on the basis of application, manufacturing process, type of acid and geography. The report provides detailed and insightful chapters on market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis and analyst insights.

"The automobile vehicle sales are increasing with a significant rate globally. In 2016, as per International Organization of Motor Vehicle Manufacturers, the global automobile sales have increased to 93.8 million in 2016 as compared to 89.6 million in 2015 with a growth rate of 4.6%. The increasing production in the automobile segment is expected to fuel the market for sulfuric acid due to its application in battery. At the time of purchase of new vehicle lead acid batteries are provided to them, additional to this, the life of a lead acid battery is less than the vehicle life and hence new installation is required at the time interval of 3-5 years. The major economies which will show significant market growth are the US, China, India and Germany. China automobile sector has showed a growth of 13.8% in 2016 in all vehicle sales. Similarly, India has showed the growth of about 7% in 2016 as compared to 2015. The lead-acid battery is used in the vehicle for the 'starting application' and providing power to the vehicle at the time of requirement. The electrolyte contained in the lead acid battery consists up to 40% sulfuric acid. Hence, the growth in automobile sector will enhance the market growth of sulfuric acid."

The global sulfuric acid market on the basis of geography is divided into – North America, APAC, Europe, and Rest of the world. North America is expected to have a steady growth for sulfuric acid during the forecast period of 2018-2023. Canada is one of the major exporters of sulfur globally. Moreover, the countries contributing in the Asia pacific region include China, India, Japan, South Korea, and Australia.

The report covers:·

• Comprehensive research methodology of Global Sulfuric Acid Market.
• This report also includes detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Sulfuric Acid Market.
• Insights about market determinants which are stimulating the Sulfuric Acid Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

Full report of global sulfuric acid market is available at: https://www.omrglobal.com/industry-reports/sulfuric-acid-...

For related reports please visit: https://www.omrglobal.com/reports-category/chemicals/

About Orion Market Research

Orion Market Research (OMR) is an Indian research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company provides quality syndicated research reports, customized research reports, company profiling, consulting and other research-based services. OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.