The India Sulfuric Acid Market size was valued at 16.94 Million Tonns in 2023 and the total India Sulfuric Acid revenue is expected to grow at a CAGR of 6.2% from 2024 to 2030, reaching nearly 25.82 Million Tonns by 2030. The India sulfuric acid market is set to grow with increasing use in fertilizer and industrial chemical processing, bolstered by government initiatives to collaborate with global manufacturing firms. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
India Sulfuric Acid Market Overview:
Indian economy is basically an agrarian economy and even now nearly 68% of the workforce directly or indirectly depends on agriculture. The rise in demand for phosphate fertilizers is driving the India sulfuric acid market. The growing application of sulfuric acid in the processing of fertilizers and other industrial chemicals, coupled with rising initiatives by the Government of India to collaborate with global manufacturing firms, is further expected to drive India sulfuric acid market during the forecast period. Sulfuric acid, a highly reactive acid, is completely miscible in water. It is one of the extensively produced and consumed commercial chemicals globally. Sulfuric acid is the largest volume commodity chemical produced in the world. Sulfuric acid is an odorless, colorless liquid, which is extensively utilized in the phosphate fertilizer industry. Sulfuric acid is manufactured by two processes, contact and lead chamber. In the contact process, vanadium pentoxide is used as a catalyst to produce highly concentrated sulfuric acid. In the contact process, elemental sulfur and hydrogen sulfide are used as raw material in the presence of a suitable catalyst, primarily vanadium pentoxide. In the lead chamber process, sulfur dioxide is introduced with steam and nitrogen dioxide into large chambers lined with sheet lead where the gases are sprayed down with water and chamber acid having a concentration of 62% – 70%. Sulfur dioxide and nitrogen dioxide are dissolved, during which the sulfur dioxide is oxidized to sulfuric acid.India Sulfuric Acid Market Segment analysis:
The India sulfuric acid market exhibits diverse applications across several key sectors. Primarily, sulfuric acid is crucial in fertilizer production, supporting India's agricultural sector by enhancing soil fertility and crop yields. In chemical manufacturing, it serves as a fundamental component for synthesizing detergents, explosives, and pigments, benefiting from India's expanding industrial base and diverse chemical demand. The metallurgical industry relies on sulfuric acid for refining metals like copper and zinc, essential for various manufacturing processes. Wastewater treatment utilizes sulfuric acid for pH control and neutralization, aiding environmental management efforts. Other sectors include semiconductor manufacturing for silicon wafer cleaning, paper and pulp bleaching, pharmaceutical intermediates, and niche applications in textiles, batteries, and construction materials. Market dynamics are driven by agricultural growth, industrial expansion, and regulatory compliance, with challenges including environmental considerations and raw material price volatility. The future outlook anticipates continued growth spurred by industrialization, agricultural advancements, and ongoing technological innovations shaping the India sulfuric acid market. Based on the application, the fertilizer segment is dominating the India sulfuric acid market. Sulfuric acid is primarily utilized in the production of phosphoric acid, which is used to manufacture fertilizers such as triple superphosphate and mono and diammonium phosphates. Fertilizers, especially phosphate fertilizers produced from wet-process phosphoric acid, are a major end-use industry of the sulfuric acid market. In terms of consumption, the fertilizer segment consumed around 60% of manufactured sulfuric acid. Further, sulfuric acid is widely consumed in the synthesis of specialty chemicals such as nitric acid, hydrofluoric acid, dyes, pigments, and titanium dioxide. Therefore, demand for sulfuric acid from the chemical synthesis segment is projected to rise at a considerable pace during the forecast period. Sulfuric acid is used to manufacture rayon. Sulfuric acid serves as an electrolyte in lead-acid storage batteries. Sulfuric acid is used in the pulp and paper industry, often for use in chlorine dioxide generation. Sulfuric acid is used in many other chemical processes and various wastewater and pH control applications. Demand for sulfuric acid is estimated to increase significantly in the near future due to the rise in the usage of the acid in fertilizers and other specialty and bulk chemicals such as nitric acid, hydrofluoric acid, and titanium dioxide. Demand for fertilizers, especially phosphate fertilizers, is anticipated to increase significantly due to the rise in the production of cereals and oilseeds such as wheat, rice, cotton, and soya bean due to the growth in the global population. Government subsidies for fertilizers and agricultural development in India are estimated to boost the phosphate fertilizers industry. The rise in India's consumption of phosphate fertilizers is projected to propel the demand for sulfuric acid during the forecast period. However, volatility in prices of raw materials and crude oil during the forecast period is likely to hamper the sulfuric acid market. Recovery methods employed for the regeneration of sulfuric acid and elemental sulfur are projected to create lucrative opportunities in the market during the forecast period.India Sulfuric Acid Market, Key Highlights:
India Sulfuric Acid Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the India Sulfuric Acid Market India Sulfuric Acid Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. India Sulfuric Acid Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. India Sulfuric Acid Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the India Sulfuric Acid Market are also profiled.Scope of the India Sulfuric Acid Market: Inquire before buying
India Sulfuric Acid Market Report Coverage Details Base Year: 20233 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: 16.94 Million Tonns Forecast Period 2024 to 2030 CAGR: 6.2% Market Size in 2030: 25.82 Million Tonns Segments Covered: by Manufacturing Process Contact Process Lead Chamber Process Wet Sulfuric Acid Process Others by Application Fertilizers Chemical Synthesis Wastewater Treatment Metal and Mining Semiconductors Paper & Pulp Pharmaceutical Others India Sulfuric Acid Market, Key Players
1. Hindalco Industries Ltd 2. Paradeep Phosphates Ltd. 3. The Mosaic Company 4. Chemtrade Logistics Inc. 5. Khaitan Chemicals 6. Fertilizers Limited 7. BASF SE 8. Nouryon 9. Southern States Chemical 10. Honeywell International Inc 11. Hindustan Zinc Limited 12. Coromandel International Ltd. 13. Aarti Industries 14. Indian Farmers Fertilizers Cooperative Ltd 15. Atul Ltd.Frequently Asked Questions:
1. Which region has the largest share in market? Ans: North India region held the highest share in 2023. 2. What is the growth rate of market? Ans: The market is growing at a CAGR of 6.2% during forecasting period 2024-2030. 3. What is scope of the market report? Ans: market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in market? Ans: The important key players in the market are – Hindalco Industries Ltd, Paradeep Phosphates Ltd.,The Mosaic Company,Chemtrade Logistics Inc.,Khaitan Chemicals,Fertilizers Limited,BASF SE,Nouryon,Southern States Chemical,Honeywell International Inc,Hindustan Zinc Limited,Coromandel International Ltd. ,Aarti Industries ,Indian Farmers Fertilizers Cooperative Ltd,Atul Ltd. 5. What is the study period of this Market? Ans: The market is studied from 2023 to 2030.
1. India Sulfuric Acid Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. India Sulfuric Acid Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Product Segment 2.3.3. End-users Segment 2.3.4. Revenue (2023) 2.3.5. Company Headquarter 2.4. Market Structure 2.4.1. Market Leaders 2.4.2. Market Followers 2.4.3. Emerging Players 2.5. Mergers and Acquisitions Details 3. India Sulfuric Acid Market: Dynamics 3.1. India Sulfuric Acid Market Trends 3.2. India Sulfuric Acid Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Regulatory Landscape by Region 3.6. Key Opinion Leader Analysis For India Sulfuric Acid Industry 3.7. Analysis of Government Schemes and Initiatives For the India Sulfuric Acid Industry 4. India Sulfuric Acid Market: Market Size and Forecast by Segmentation (by Volume in Million Tonns) (2023-2030) 4.1. India Sulfuric Acid Market Size and Forecast, by Manufacturing Process (2023-2030) 4.1.1. Contact Process 4.1.2. Lead Chamber Process 4.1.3. Wet Sulfuric Acid Process 4.1.4. Others 4.2. India Sulfuric Acid Market Size and Forecast, by Application (2023-2030) 4.2.1. Fertilizers 4.2.2. Chemical Synthesis 4.2.3. Wastewater Treatment 4.2.4. Metal and Mining 4.2.5. Semiconductors 4.2.6. Paper & Pulp 4.2.7. Pharmaceutical 4.2.8. Others 5. Company Profile: Key Players 5.1. Hindalco Industries Ltd 5.1.1. Company Overview 5.1.2. Business Portfolio 5.1.3. Financial Overview 5.1.4. SWOT Analysis 5.1.5. Strategic Analysis 5.1.6. Recent Developments 5.2. Paradeep Phosphates Ltd. 5.3. The Mosaic Company 5.4. Chemtrade Logistics Inc. 5.5. Khaitan Chemicals 5.6. Fertilizers Limited 5.7. BASF SE 5.8. Nouryon 5.9. Southern States Chemical 5.10. Honeywell International Inc 5.11. Hindustan Zinc Limited 5.12. Coromandel International Ltd. 5.13. Aarti Industries 5.14. Indian Farmers Fertilizers Cooperative Ltd 5.15. Atul Ltd. 6. Key Findings 7. Industry Recommendations 8. India Sulfuric Acid Market: Research Methodology 9. Terms and Glossary