Sulfuric acid Prices: News, Historical And Forecast, Database | Procurement Resource

Sulfuric acid (H2SO4) is an inorganic chemical compound with a highly corrosive and strongly acidic nature. This compound, also known as matting acid, exists as a colorless liquid with no discernible odor and exhibits solubility in both water and ethyl alcohol. When mixed with water, it generates heat and has a boiling point of approximately 337°C. Sulfuric acid is commercially produced through a chamber process using sulfur trioxide.

In various industrial chemical manufacturing processes, sulfuric acid serves as both an oxidizing and dehydrating agent. Its versatility makes it a vital component in numerous commercial sectors, including chemical and agrochemical manufacturing industries.

Vietnam, the United States, and India are among the prominent importing countries for sulfuric acid. Conversely, Vietnam, India, and China are notable exporters of this chemical compound.

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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 Prices, 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:

Price-Trend

Sulfuric acid holds a prominent position as an industrial chemical, finding extensive applications in the large-scale synthesis of various chemical compounds. Its versatility extends across diverse industrial sectors, including but not limited to the chemical, petrochemical, agricultural, and polymer industries.

One of its primary roles lies in the production of acids and bases, often on a grand scale, making it a fundamental component of chemical manufacturing processes. In agriculture, sulfuric acid plays a crucial role in the creation of fertilizers, enriching the soil with essential nutrients to promote healthy crop growth. Moreover, it has a significant presence in the paints and coatings industry, contributing to the formulation of vibrant dyes and paints.

Beyond these applications, sulfuric acid also plays a pivotal role in the pharmaceutical sector, where it contributes to the synthesis of specific drugs and medications, particularly those used in cancer treatment. Its influence extends to the production of explosives, detergents, pigments, batteries, and plastics, where it is utilized on a large scale. In the petrochemical industry, sulfuric acid finds application in the refining process of gasoline and various other petroleum products, underlining its widespread significance in modern industrial processes.

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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