In a recently published report, Sulphuric-acid Global Product Intelligence Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sulphuric-acid Global Product Intelligence Market products.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
The report “Sulphuric-acid Global Product Intelligence (2018-2022)” provides market intelligence on the different segments of the agrochemical, based on type of formulation, crop type, pest, and geography. Market size and forecast (2018-2022) has been provided in terms of both, Value (000 USD) and Volume (000 KG) in the report. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the agrochemical and future market opportunities have also been discussed.This report is a part of series of more than 900 agrochemicals’ product intelligence reports from Sprout Intelligence. This agrochemicals’ product intelligence report series, in total, covers more than 1,500 pests, 60 formulations, 150 crops and 60 countries.
In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents– selected experts from manufacturers and selected suppliers – have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the product intelligence reports at Sprout Intelligence.
Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.
KEY FINDINGS FROM THE REPORT
– Sulphuric-acid, a herbicide belonging to the group Inorganic is used for controlling weeds.
– USA is the leading country markets among others.
– Liquid (LI) were the leading formulations in 2015.
– Sprout Intelligence agrochemicals expert team estimated global Sulphuric-acid market to be more than USD 0.35 million.
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