Marketing in Middle East Sulfuric Acid and Chemicals Market
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In the Middle East, the Sulfuric acid market is controlled by domestic demand. The production capacity of sulfuric acid in the country is about 2.1 million tons, of which only one third is actually operating.
National Middle East Copper Industries Company possess about 100,000 tons, and the rest belong to other private sector producers. The amount of acid production in the Middle east market last year was about three million tons and its apparent consumption amounted to two million tons.
According to the statistics of reputable institutions, in 2019 and 2020, the production of sulfuric acid in the world was about 277 million tons, about 60% of which was obtained from sulfur-burning sources. About 50% of sulfuric acid in the world is used to produce Phosphoric acid and then used for phosphate fertilizers.
Jozpiri continued: "Sulfuric acid, due to its nature, despite the production and supply of 277 million tons in the world, only possesses 7% of exports and imports and the rest is used locally in the producing country.
1 Phosphoric Acid Production to Increase with the Reduction of SSP.