Alterative Sulfur Recovery Technologies Could Breathe New Lease of Life into Sluggish Market, says TMR
The top three players, The Mosaic Company, PotashCrop, and Vale Fertilizers held a collective share of 10.5% in the global sulfuric acid market in 2014. However, the competitive landscape of the market is defined by sluggish growth due to capital-intensive nature of the market and growing concerns about hazardous effects of sulfuric acid, says Transparency Market Research in a new report. To change the pace of the market and to earn higher revenues, companies will focus on mergers and acquisitions. Development of high-performance products and establishing valued customer relationships are also some the key strategies being adopted by players operating in the overall market. For instance, The Mosaic Company, a global leader, is focused on achieving output by minimizing its carbon footprint. Sulfuric Acid Demand Remains Steady in Developing Regions Sulfuric acid is a critical component of various processes as it is used as both, an intermediate and as a ra...