Sulfuric Acid Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Raw Material, Application, and Region.

The Sulfuric Acid Market reached a value of US $ 11458.8 Mn. in 2020. Global Sulfuric Acid Market size is estimated to grow at a CAGR of 3.2%.

Sulfuric Acid Market Overview:

Sulfuric Acid is a mineral acid with a chemical formula of H2SO4. It is a corrosive mineral acid having a high corrosive capacity. Sulfuric acid is a sticky liquid that is water-soluble and varies in color from yellow to colorless depending on the quantity. Sulfuric acid is widely used in the production of hydrochloric acid, nitric acid, sulfate salts, synthetic detergents, dyes, pigments, explosives, pharmaceuticals, and other commercially important compounds. The global market for sulfuric acid is accounted for 256.63 million metric tonnes in 2020. At the end of the forecast period, the global market is expected to reach around 301.32 million metric tonnes. In 2019, Sulfuric Acid were the world's 806th most traded product and trade in Sulfuric Acid represents 0.0085% of total world trade. In 2019 the top exporters of Sulfuric Acid were Canada (US $ 182Mn.), Zambia (US $ 149Mn.), China (US $ 148Mn.), South Korea (US $ 134Mn.), and Peru (US $ 119Mn.), while top importers were Chile (US $ 323Mn.), United States (US $ 259Mn.), Democratic Republic of the Congo (US $ 180Mn.), Morocco (US $ 77.5Mn.), and India (US $ 69.5Mn.). Sulfuric Acid Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Sulfuric Acid Market Dynamics:

Rapid industrialization and urbanisation are reducing arable land, forcing farmers to utilise fertilisers to boost agricultural productivity. The increasing use of sulfuric acid in the manufacturing of high-quality fertilisers for agricultural applications is expected to drive market growth across the globe. Sulfuric acid emits low emissions along with lower manufacturing costs, making it more sustainable and environmentally friendly. Increasing investments in the chemical manufacturing sector's developmental activities across the globe are linked to chemical synthesis, which is expected to drive market growth during the forecast period. Growing demand for the product as a catalyst, dehydrating agent and reactant in the fertiliser, chemical manufacturing, paper & pulp, petroleum refinery, metal processing, and automotive industries is expected to drive the sulfuric acid market growth across the globe. Growing agricultural concerns about high crop production and great food quality are expected to drive fertiliser industry growth, which in turn, is expected to boost the product demand during the forecast period. Sulfuric Acid Market 1 The growing automotive industry, the use of gasoline and other petroleum products is increasing across the globe. In addition, strict government regulations imposed to increase the high-quality fuel used to power automobiles is expected to increase the application of sulphuric acid in the petroleum refining industry. The rising necessity for petroleum refining operations is expected to boost the consumption of sulphuric acid during the forecast period.

Sulfuric Acid Market Segment Analysis:

Based on the Raw Material, the Sulfuric Acid Market is segmented into Elemental Sulfur, Base Metal Smelters, Pyrite Ore, and Others. The Elemental Sulfur segment held the largest market share, accounting for 37% in 2020. The elemental sulfur raw material causes less pollution as compared to other raw materials. It is a widely available industry. Rising development initiatives, such as increasing production capacity to improve sulfuric acid product manufacture from elemental sulfur, are expected to drive market growth for this segment. The Pyrite Ore segment is expected to witness significant growth at a CAGR of 3.7% during the forecast period. The segment growth is attributed to the growing use of pyrite ore for production of sulfuric acid. For Instance, China is the world's top producer of pyrites, with the majority of this raw material going into the production of sulfuric acid. Based on the Application, the Sulfuric Acid Market is segmented into Fertilizers, Chemical, Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper, and Others. The Fertilizers segment held the largest market share, accounting for 54% in 2020. Sulfuric acid is used to make phosphate fertilisers like superphosphate of lime and ammonium sulfate, which contain 50-60% sulfur. It's a significant raw ingredient in the processing plant, where it interacts with phosphate rock to produce phosphoric acid and phosphogypsum. Increasing demand for higher-quality crops and a growing global population is expected to fuel the product demand during the forecast period. The growing use of sulfuric acid in the production of high-quality fertilizers for agricultural use to boost crop production capacity is expected to boost sulfuric acid market growth for this segment. The Automotive segment is expected to witness significant growth at a CAGR of 4.1% during the forecast period. Sulfuric acid, often known as battery acid, is used as an electrolyte in diluted form to allow electrons to pass between the plates in a battery. It is commonly used in the automotive sector to manufacture Lead-Acid Type Batteries and Sealed-Unit Lead-Acid Type Batteries for cars and trucks. The battery electrolyte is made up of 36% sulfuric acid and 64% distilled water.

Market volume of Sulfuric Acid in Million Metric tonnes with Forecast Period (2020-2027):

Sulfuric Acid Market 2

Global Sulfuric Acid Market Regional Insights:

Asia Pacific region held the largest market share accounted for 45% in 2020. The region growth is attributed to the continuous growing demand of the product from emerging countries like India and China. In India, prices increased significantly in August 2021, followed by a sharp spike in catalyst Vanadium prices in the country. During the last week of September, the price of sulphuric acid ex-depot Delhi NCR (India) was estimated to be US $ 174 per metric tonne. The North America region is expected to witness significant growth at a CAGR of xx% during the forecast period. The region's growth is attributed to the growing demand from the downstream fertilizer, chemical, and petroleum refining industries in the region. In the region, pricing is a key concern as producers struggled to cope with high energy costs. As a result, the average prices reduced by 2.4% in March 2021, to settle at US $ 60.5/MT. The objective of the report is to present a comprehensive analysis of the Sulfuric Acid Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Sulfuric Acid Market dynamic, structure by analyzing the market segments and projecting the Sulfuric Acid Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Sulfuric Acid Market make the report investor’s guide.

Global Sulfuric Acid Market Scope: Inquire before buying

Global Sulfuric Acid Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 11458.8 Mn.
Forecast Period 2021 to 2027 CAGR: 3.2% Market Size in 2027: US $ 14285.5 Mn.
Segments Covered: by Raw Material • Elemental Sulfur • Base Metal Smelters • Pyrite Ore • Others
by Application • Fertilizers • Chemical Manufacturing • Metal Processing • Petroleum Refining • Textile Industry • Automotive • Pulp & Paper • Others

Global Sulfuric Acid Market by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Global Sulfuric Acid Market Key Players

• BASF SE • Ineos Group Ltd • KANTO Corporation • Aurubis AG • Avantor Performance Materials, LLC • PVS Chemicals Inc. • Seastar Chemicals • KMG Chemicals • Linde Group • Nouryon • Cornerstone Chemical Company • Canada Colors and Chemicals Limited • Hubei Xingfa Chemicals Group Co., Ltd • Tata Chemicals • Trident Group • Boliden Group • UBE INDUSTRIES, LTD. • Kel-Chemicals Ltd. • Young Poong Co., Ltd. • Wylton (China) Chemical Co., Ltd. • Sumitomo Chemical Co., Ltd. • Tayca Corporation

Frequently Asked Questions:

1] What segments are covered in the Sulfuric Acid Market report? Ans. The segments covered in the Sulfuric Acid Market report are based on Raw Material and Application. 2] Which region is expected to hold the highest share in the Sulfuric Acid Market? Ans. The Asia Pacific region is expected to hold the highest share in the Sulfuric Acid Market. 3] What is the market size of the Sulfuric Acid Market by 2027? Ans. The market size of the Sulfuric Acid Market by 2027 is US $ 14285.5 Mn. 4] What is the forecast period for the Sulfuric Acid Market? Ans. The Forecast period for the Sulfuric Acid Market is 2020-2027. 5] What was the market size of the Sulfuric Acid Market in 2020? Ans. The market size of the Sulfuric Acid Market in 2020 was US $ 11458.8 Mn.
1. Global Sulfuric Acid Market Size: Research Methodology 2. Global Sulfuric Acid Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Sulfuric Acid Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Sulfuric Acid Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Sulfuric Acid Market Size Segmentation 4.1. Global Sulfuric Acid Market Size, by Raw Material (2020-2027) • Elemental Sulfur • Base Metal Smelters • Pyrite Ore • Others 4.2. Global Sulfuric Acid Market Size, by Application (2020-2027) • Fertilizers • Chemical Manufacturing • Metal Processing • Petroleum Refining • Textile Industry • Automotive • Pulp & Paper • Others 5. North America Sulfuric Acid Market (2020-2027) 5.1. Global Sulfuric Acid Market Size, by Raw Material (2020-2027) • Elemental Sulfur • Base Metal Smelters • Pyrite Ore • Others 5.2. Global Sulfuric Acid Market Size, by Application (2020-2027) • Fertilizers • Chemical Manufacturing • Metal Processing • Petroleum Refining • Textile Industry • Automotive • Pulp & Paper • Others 5.3. North America Sulfuric Acid Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Sulfuric Acid Market (2020-2027) 6.1. European Sulfuric Acid Market, by Raw Material (2020-2027) 6.2. European Sulfuric Acid Market, by Application (2020-2027) 6.3. European Sulfuric Acid Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Sulfuric Acid Market (2020-2027) 7.1. Asia Pacific Sulfuric Acid Market, by Raw Material (2020-2027) 7.2. Asia Pacific Sulfuric Acid Market, by Application (2020-2027) 7.3. Asia Pacific Sulfuric Acid Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Sulfuric Acid Market (2020-2027) 8.1. The Middle East and Africa Sulfuric Acid Market, by Raw Material (2020-2027) 8.2. The Middle East and Africa Sulfuric Acid Market, by Application (2020-2027) 8.3. The Middle East and Africa Sulfuric Acid Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Sulfuric Acid Market (2020-2027) 9.1. Latin America Sulfuric Acid Market, by Raw Material (2020-2027) 9.2. Latin America Sulfuric Acid Market, by Application (2020-2027) 9.3. Latin America Sulfuric Acid Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. BASF SE 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Ineos Group Ltd 10.3. KANTO Corporation 10.4. Aurubis AG 10.5. Avantor Performance Materials, LLC 10.6. PVS Chemicals Inc. 10.7. Seastar Chemicals 10.8. KMG Chemicals 10.9. Linde Group 10.10. Nouryon 10.11. Cornerstone Chemical Company 10.12. Canada Colors and Chemicals Limited 10.13. Hubei Xingfa Chemicals Group Co., Ltd 10.14. Tata Chemicals 10.15. Trident Group 10.16. Boliden Group 10.17. UBE INDUSTRIES, LTD. 10.18. Kel-Chemicals Ltd. 10.19. Young Poong Co., Ltd. 10.20. Wylton (China) Chemical Co., Ltd. 10.21. Sumitomo Chemical Co., Ltd. 10.22. Tayca Corporation

About This Report

Report ID 16017
Category Material & Chemical
Published Date Sept 2019
Updated Date Nov 2021
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