Sulfuric acid, also known as vitriol, is an inorganic compound renowned for its corrosive properties. It is a colorless, scentless liquid that easily mixes with water and ethyl alcohol, exhibiting strong acidity. When dissolved in water, it generates heat and has a boiling point of approximately 337°C. Produced industrially through a chamber process using sulfur trioxide, it acts as both an oxidizing and dehydrating agent in numerous chemical manufacturing processes. Its widespread use extends to sectors like chemical and agrochemical production. Importantly traded in countries like Vietnam, the United States, and India, major exporting nations include Vietnam, India, and China.
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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:
Sulfuric acid is a key player in industrial chemistry, widely utilized for synthesizing various compounds across multiple sectors. Its applications are diverse, spanning chemicals, petrochemicals, agriculture, and polymers. Its significance lies in its pivotal role in producing both acids and bases on a large scale.
In agriculture, sulfuric acid plays a crucial part in creating fertilizers essential for soil enrichment and crop nutrition. It also contributes to the vibrant hues and durability of paints and coatings.
Outside these fields, sulfuric acid serves in pharmaceuticals, aiding in the production of critical medications, particularly in cancer treatment. Its versatile applications encompass the production of explosives, detergents, pigments, batteries, and plastics on a significant scale. Additionally, petrochemical industries depend on it for refining 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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