Sulfuric Acid Market - By Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore and Others), Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper and Others) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

DFS020015  | 
: Materials & Chemicals  | 
Mar-2024  | 
Upcoming  | 
Pages: NA  | 
Tables: NA  | 
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We’ve been tracking the direct impact of COVID-19 on this market, as well as the indirect impact from other industries. The report will incorporate these insights.

 

Sulfuric Acid Market held USD 10.22 billion in 2020 and is to grow with a CAGR of 2.5% from 2020-2030. Sulfuric acid or commonly called as vitriol, is an odorless, colorless, and viscous liquid which is soluble in water and can be produced in very heated reactions. Sulfuric acid can be corrosive mainly due to its strong acidic characteristics, and has oxidizing and drying properties when in high concentration. Hygroscopic quickly absorbs water vapor from the air. Sulfuric acid is commonly used in chemical industry, owing to its water-soluble properties. It is a highly reactive acid in nature, and one of the world's most widely produced and consumed chemicals. The rising sulfuric acid demand for increased crop cultivation and crop productivity from the industrial and phosphoric acid sectors has complemented the development of the sulfuric acid market growth.

Market Dynamics and Factors:

In the sulfuric acid market, process to replace the ageing fleet, increase in production of nutritionally-rich food or crops and sulfuric acid demand because of its various applications are major factors. In addition, rising demand from industries such as chemicals, fertilizers,  pulp, paper,  metal processing, oil and the automotive industry will help drive the global sulfuric acid market growth. However, due to the toxic nature of sulfuric acid, poor sales due to market surpluses, high costing for raw materials and strict environmental rules can restrict sulfuric acid market growth. Also, The increased use of Oleum in the forecast period creates new opportunities for the sulfuric acid market. The automotive market is expected to rise due to increase in the use of sulfuric acid in batteries and is expected to trigger an automotive application segment in the future years.

 

Market Segmentation:

Depending upon the raw material, global sulfuric acid industry is segmented into, base metal smelters, pyrite ore, elemental sulfur and others. On the basis of application, the sulfuric acid market is segmented into metal processing, petroleum refining, chemical manufacturing,  fertilizers, automotive, textile industry, paper & pulp and others. Geographic bifurcation includes regions North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Increasing need to expand the production of phosphate fertilizer due to rising fertilizer sector and stringent environmental regulations concerning the manufacturing of environmentally- friendly product is likely to boost the global sulfuric acid market growth over the coming years. Rising Chinese and Japanese sulfur production is projected to improve their product offerings in Asia- Pacific region, which will make them a key region with effective global sulfuric acid market share. During the forecast period, growing demand for H2SO4 from the Philippines and Indonesia is expected to fuel the regional Asia Pacific market. Rising demand from the industrial and phosphoric acid sectors due to increased crop cultivation and higher crop yields is anticipated to cause global sulfuric acid market growth in China is also likely to boost its global sulfuric acid  market share. The expectation is that increasing exports from China to India and the Philippines would drive regional sulfuric acid market market growth. Growing supply of Saudi Arabia and Morocco's H2SO4 products is expected to fuel the demand in the foreseeable future. An rise in the number of acid factories to meet the increasing demand of customers and the increased availability of sulfur-burnt acids in the Middle East are expected to fuel the market.

Competitive Scenario:

The global sulfuric acid industry, involves few key players BASF SE, PVS Chemicals, DowDuPont Inc., Amal Ltd. Boliden Group, Ineos Enterprises Limited, Trident Chemicals, Aurubis AG, Climax Molybdenum BV,  Unigel Group,  and Akzo Nobel N.V.

Sulfuric Acid Market Report Scope

Report Attribute

Details

Analysis Period

2020–2030

Base Year

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Growth Rate (CAGR%)

2.5 %

Market Segmentation:

By Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore and Others), Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper and Others)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), South America (Brazil, Argentina, Rest of SA), MEA (UAE, Saudi Arabia, South Africa)

Key Companies Profiled

BASF SE, PVS Chemicals, DowDuPont Inc., Amal Ltd. Boliden Group, Ineos Enterprises Limited, Trident Chemicals, Aurubis AG, Climax Molybdenum BV,  Unigel Group,  and Akzo Nobel N.V.

 

 


TOC REQUEST


 

KEY MARKET SEGMENTS:

  • Global Sulfuric acid market – By Raw Material
    •  Elemental Sulfur
    • Base Metal Smelters
    • Pyrite Ore
    • Others
  • Global Sulfuric acid market – By Application
    • Fertilizers
    • Chemical Manufacturing
    • Metal Processing
    • Petroleum Refining
    • Textile Industry
    • Automotive
    • Pulp & Paper
    • Others
  • Global Sulfuric acid market – By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • France
      • Germany
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • Australia
      • Rest of Asia Pacific
    • ROW
      • Latin America
      • Middle East
      • Africa

 

 


KEY PLAYERS
o    BASF SE
o    PVS Chemicals
o    DowDuPont Inc.
o    Amal Ltd. 
o    Boliden Group
o    Ineos Enterprises Limited
o    Trident Chemicals, Aurubis AG
o    Climax Molybdenum BV,
o    Unigel Group,
o    Akzo Nobel N.V.


 
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