The key companies manufacturing sulfuric acid were mainly involved in the merger & acquisition to strengthen their positions in the market from 2012 to 2016, accounting for a 66.7% share. The market in sulfuric acid is growing at a moderate pace. An increase in number of mergers & acquisition strategies is an indicative that the market is witnessing lower demands and hence many companies who are either the manufacturers or the end users are unable to perform well that is generate their sales revenue.
The expansion was considered the second-most preferred growth strategy by the manufacturers, and accounted for 27.8% of the total development strategies in the global sulfuric acid market between 2012 and 2016. The market players are expanding to increase their production and distribution facilities.
The Asia-Pacific region led the sulfuric acid market, in terms of value and volume, in 2015. The large market size of the Asia-Pacific region can be attributed to the shifting of manufacturing facilities of big market players from mature market of Europe and North America to Asia-Pacific and the Middle East & Africa regions. Major players prefer investing in these regions, as they offer a wide range of market penetration opportunities due to the presence of natural resource reserves such as mineral deposits and crude oil, and easy availability of workforce and consumers.
Major manufacturers such as The Mosaic Company (U.S.), PotashCorp (Canada), Groupe Chimique Tunisien (Tunisia), Maaden - Saudi Arabian Mining Company (Saudi Arabia) and OCP group (Morocco), PVS Chemicals (U.S.), Aurubis (Germany), Chemtrade Logistics Income Fund (Canada), BASF SE (Germany), Akzonoble NV(Netherlands), DuPont(U.S), INEOS Enterprises (Switzerland), Agrium Inc. (Canada) among others are profiled in this report. These companies have adopted various organic and inorganic growth strategies such as new product launches/developments, expansions, and mergers & acquisitions.
