H2 2023: In the North American market, the price trend of Sulphuric Acid experienced a gradual and steady increase throughout the third quarter of 2023. This upward trajectory was primarily driven by heightened purchasing activities and a positive outlook regarding demand. Factors such as improved economic conditions and increasing industrial activities contributed to the optimistic market sentiment. Additionally, cost factors originating from the upstream market, including fluctuations in raw material prices and production costs, further supported the price increase. Within the agrochemical sector, there was a noticeable uptick in product orders, particularly for phosphate fertilizers, which are major consumers of Sulphuric Acid. In response to the growing demand, producers tightened their supplies, leading to limited availability of Sulphuric Acid in the market. Furthermore, efforts to restock inventories ahead of the upcoming winter sowing season also contributed to the surge in demand. However, the market dynamics shifted in the fourth quarter of 2023 (Q4), as the North American Sulphuric Acid market witnessed a bearish trend. Despite efforts to replenish inventories, the utilization of existing stocks remained limited, primarily due to subdued demand from downstream agrochemical enterprises. Additionally, factors such as market volatility and a downturn in the price trend of upstream Sulphur exerted downward pressure on Sulphuric Acid prices. Notably, the United States experienced the most significant price changes, with prices declining by 10.7% compared to the previous quarter (Q3 of 2023).
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Attribute
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Details
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Market size Volume in 2023
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43.6 million tonnes
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Market size Volume by 2034
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60 million tonnes
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Growth Rate
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CAGR of 2.86% from 2024 to 2034
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Base year
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2023
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Estimated Year
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2024
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Historical Data
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2015 – 2023
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Forecast period
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2025 – 2034
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Quantitative units
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Demand in million tonnes and CAGR from 2024 to 2034
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
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Segments covered
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By End-Use: (Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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USA, Mexico, and Canada
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Pricing and purchase options
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Q1.
What was the size of North America Sulphuric Acid market in terms of volume in 2023?
Ans:
The size of North America Sulphuric Acid market has grown significantly in the historic period and reached approximately 43.6 million tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Sulphuric Acid?
Ans:
Phosphate Fertilizers industry is the leading consumer of Sulphuric Acid.
Q3.
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Ans:
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Ans:
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