According to FMI, the sulfuric acid market in Japan is expected to grow at a modest pace of 3.3% CAGR during the forecast period. Sales of sulfuric acid in Japan as of 2022 are projected to reach US$ 604.6 Mn. By 2032, it is expected that the market for sulfuric acid in Japan will surpass US$ 834.6 Mn. For the base year, a historical market valuation of US$ 586.6 Mn has been observed.

Metal production and the mining sectors are poised to expand on the back of growing demand for metals in textile processing, semiconductor, and other applications. Demand for metals is also expected to rise due increasing residential and commercial construction, highway construction, infrastructure development, and automobile manufacturing in Japan.

As sulfuric acid is increasingly used to remove oxidation from iron and steel, end users are using this to prevent corrosion, especially in textile and automotive industries. Backed by these factors, the production of sulfuric acid in Japan is anticipated to reach 14,502.4 KT by the end of 2032.

Competition Landscape in the Sulfuric Acid Market

The companies in the Japan sulfuric acid market have adopted new product launches as their primary development strategy in order to improve their market share and profitability while remaining competitive over the forecast period. They frequently engage in M&As, collaborations, and other activities to establish themselves in the international market.

Sumitomo Chemical, Mitsubishi Chemical Corporation, and Japan Chemical Database Ltd are some of the key players identified in the sulfuric acid market.

Get a Sample Copy of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-6753

Sulfuric Acid Market Segmentation

By Purity Type:

• Standard
• Ultra-Pure

By Raw Materials:

• Elemental Sulfur
• Base Metal Smelters
• Pyrite Ores
• Others

By Application:

• Fertilizers
• Petroleum Refining
• Metal Production & Processing
  • Steel Pickling
  • Copper Production
  • Metal Surface Cleaning
  • Others
• Wastewater Treatment
• Chemicals Production
• Textile Processing
• Pulp & Paper Production
• Semiconductor & Electronics
  • Battery Electrolyte
  • Integrated Circuit Components Fabrication
  • Photovoltaic Cells
• Pharmaceuticals
• Domestic Cleaning Products
• Others

Recent Developments

• In August 2021, Sumitomo Chemical made the decision to increase the amount of high-purity chemicals it can produce for semiconductors. At its Ehime Works (Niihama city, Ehime, Japan), the corporation will set up new production lines to double its capacity for high-purity sulfuric acid.
• In July 2020, Mitsubishi Chemical Corporation (MCC), headquartered in Tokyo, Japan, has purchased the American chemical and materials group Gelest from Johor Bahru Capital via its US subsidiary. The acquisition is expected to be completed in 2020, subject to usual regulatory scrutiny and clearance.

Browse latest Market Reports@ 
https://www.futuremarketinsights.com/category/chemicals-and-materials