Sulphuric acid is used in advanced manufacturing for etching and leeching processes. One product that is sulphuric acid heavy is the lithium – ion battery. In the non – manufacturing sector, the agricultural sector sees the biggest demand due to their need for fertilisers.
SMEs will be hit the hardest due to their lack of bidding power; big corporations will see either margin compression or would be forced to pass the cost on to their end users.
Source: https://businessanalytiq.com/procurementanalytics/index/sulfuric-acid-price-index/
In 2020, the top exporters of Sulfuric Acid were Canada ($152M), Qatar ($141M), Zambia ($97M), Peru ($62.8M), and Germany ($62.4M).
In 2020, the top importers of Sulfuric Acid were United States ($256M), Chile ($113M), Democratic Republic of the Congo ($103M), Singapore ($60.5M), and Morocco ($46.9M).
Source: https://oec.world/
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