Laxness AG announced the collaboration with Siemens for the procurement of specialist goods for the particular chemicals company's global production sites. This contract will boost the digital transformation at Laxness.
Martin Midstream Partners L.P announced the formation of DSM Semichem LLC in collaboration with Dongjin USA, Inc. and Samsung C&T America in affiliation with Martin ELSA Investment LLC. This new facility will manufacture and supply electronic level sulfuric acid.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3942
Published Date: May 30, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising expansion of the chemical industry and the rising need for water treatment are the major factors driving the market growth
The market size of disulfurous acid is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2023-2035.
Hazardous nature of acid and lack of disulfurous acid in the free state are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Lanxess AG, Borealis AG, The Syngenta Group, Huntsman Corporation, Shin-Etsu Chemical Co., Ltd., SK Innovation Co., Ltd., Koninklijke DSM N.V., Martin Midstream Partners L.P, PPG Industries, Inc., and Asahi Kasei Corporation
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by product grade, application, and by region.
The food grade segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.