The global sulphuric acid market is expected to exhibit a CAGR of 3.02% during 2022-2027. Sulphuric acid is an acidic mineral acid that plays a vital role in the production of pesticides and fertilizers. It is composed of hydrogen, sulfur, and oxygen, which have dehydrating and hygroscopic properties. It is widely used to produce various chemicals like nitric acid, hydraulic acid, sulfate salts, synthetic detergents, dyes, pigments, explosives, and drugs. Besides this, it is used to produce ammonium phosphate and ammonium sulfate. It has various applications in the agricultural, consumer goods, automotive, transportation, and other end-use industries.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by raw material type, form, distribution channel and end use industry.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Sulphuric Acid Market
- Strategies of major players and product offerings
The global market is majorly driven by significant growth in the agricultural industry. In line with this, the increasing production of fertilizers for high crop yields to meet the population’s growing needs is another critical driving factor for the growth of the market globally. Furthermore, the rising use of sulfuric acid in chemical manufacturing is positively influencing the market. Apart from this, the chemical is used as a dehydrating agent, reactant, and catalyst across several industries, such as chemical manufacturing, metal processing, petroleum efficiency, paper, and pulp, which is expected to contribute to the market growth. Moreover, the growing use of oleum is offering lucrative growth opportunities to the market players. Besides this, various developmental activities, such as enhancing companies’ production capacities, to boost the manufacturing of sulfuric acid products from elemental sulfur are propelling the market. Additionally, the accelerating demand for environmentally mandated smelter capacity for the production of sulfuric acid is strengthening the market.
Key Players Included in Global Sulphuric Acid Market Research Report:
- Aarti Industries Ltd.
- Aurubis AG, BASF SE
- Boliden AB, Brenntag SE
- Chemtrade Logistic
- Lanxess AG
- Merck KGaA
- Nutrien Ltd.
- PhosAgro
- Solvay S.A.
- The Mosaic Company and Valero Energy Corporation.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Raw Material Type:
- Elemental Sulfur
- Pyrite Ore
- Others
Breakup by Form:
- Concentrated (98%)
- Tower/Glover Acid (77.67%)
- Chamber/Fertilizer Acid (62.8%)
- Battery Acid (33.5%)
- 66 Degree Baume Sulfuric Acid (93%)
- Dilute Sulfuric Acid (10%)
Breakup by Distribution Channel:
- Offline
- Online
Breakup by End Use Industry:
- Fertilizer
- Chemical and Pharmaceutical
- Automotive
- Petroleum Refining
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Sulphuric Acid Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Sulphuric Acid Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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