The sales of sulfuric acid in the US showed a notable decrease from 2013 to 2023, valuing at 0.75732 Billion US Dollars in 2023. The sales value declined year-on-year consistently, except for a slight uptick in 2017. Throughout this period, the compound annual growth rate (CAGR) from 2017 to 2023 was -5.32%, demonstrating a persistent downward trend.
Significant year-on-year variations occurred:
- 2013: 11.71%
- 2014: -27.46%
- 2016: -17.7%
- 2018: -4.83%
- 2022: -5.49%
- 2023: -5.69%
From 2024 onwards, forecasted data suggests continuous decline, with a five-year forecast CAGR of -6.01%, leading to a projected 26.65% decrease by 2028. The expected trend highlights ongoing reductions in sales values.
Future trends to watch for include the impact of emerging environmental regulations, technological advancements in production efficiency, and potential shifts towards alternative chemicals or greener solutions that could further influence sulfuric acid demand in the US market.
