Sulfuric Acid Market, By Raw Material Type (Pyrite Ore, Elemental Sulfur, Base Metal Smelters, and Others), By Application (Fertilizers, Pulp & Paper, Textiles, Chemical Manufacturing, Metal Processing, Automotive Battery Acid, Petroleum Refining, and Oth

Sulfuric Acid Market, By Raw Material Type (Pyrite Ore, Elemental Sulfur, Base Metal Smelters, and Others), By Application (Fertilizers, Pulp & Paper, Textiles, Chemical Manufacturing, Metal Processing, Automotive Battery Acid, Petroleum Refining, and Others), By Manufacturing Process (Single Contact Process, Wet Contact Process, Lead Chamber Process, and Others), By Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Sulfuric acid is a viscous liquid that is soluble in water, and its color varies from yellow to colorless, depending upon the concentration. Its strong acidic nature allows it to corrode living tissues and metal surfaces. It is mostly used for the application such as fertilizers, automotive batteries, water treatment, paper, and bleaching.

Sulfuric acid finds various applications across a broad spectrum of industries, and its single largest application is in the production of fertilizers. Key players in the market are adopting various business strategies such as mergers and acquisitions to expand their global footprint. For instance, in 2019, Fanchem Ltd., a subsidiary of PVS Chemicals, Inc., acquired Benson Chemicals Limited based in Canada. This will help Fanchem to expand its presence in Canada.

However, stringent government regulations on usage of sulfuric acid, owing to hazardous effects of the strong acidic mixture are expected to restrain growth of the global market.

Market Dynamics

Among application, fertilizers segment is expected to be the fastest growing segment in the market over the forecast period, owing to increasing crop production to cater to increasing demand for food. For instance, according to the International Fertilizer Industry Association, global fertilizer demand was pegged at 186 million metric tons in 2021 and is expected to reach at 199 million metric tons by 2030.

Among regions, Asia Pacific is expected to be the fastest growing region in the market over the forecast period, owing to increasing demand for the sulfuric acid for various application such as chemical manufacturing, paper and pulp, fertilizers in emerging economies such as India and China. Key players are adopting various strategies such as business expansion to cater to increasing demand for sulfuric acid. For instance, in May 2020, BASF started its new electronic grade sulfuric acid plant in China. Electronic grade sulfuric acid finds application for manufacturing semiconductors. The new plant is expected to meet growing demand of sulfuric acid from the semiconductor industry in China.

Key features of the study:

• This report provides in-depth analysis of the global sulfuric acid market and provides market size in terms of value (US$ Billion) and volume (Million tons) and compound annual growth rate (CAGR%) for the forecast period (2022 – 2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvalS, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global sulfuric acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study includes PVS Chemicals, BASF SE, Akzo Nobel N.V., DowDuPont Inc., Unigel Group, Boliden Group, Ineos Enterprises Limited, Trident Chemicals, Aurubis AG, Climax Molybdenum BV, and Amal Ltd.
• Insights from this report would allow marketers and management authorities of the companies to make informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global sulfuric acid market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sulfuric acid market

Detailed Segmentation:

• Global Sulfuric Acid Market, By Raw Material Type:
• Pyrite Ore
• Elemental Sulfur
• Base Metal Smelters
• Others
• Global Sulfuric Acid Market, By Application:
• Fertilizers
• Pulp & Paper
• Textiles
• Chemical Manufacturing
• Metal Processing
• Automotive Battery Acid
• Petroleum Refining
• Others
• Global Sulfuric Acid Market, By Manufacturing Process:
• Single Contact Process
• Wet Contact Process
• Lead Chamber Process
• Others
• Global Sulfuric Acid Market, By Region:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East
• GCC
• Israel
• Rest of Middle East
• Africa
• North Africa
• Central Africa
• South Africa
• Company Profiles
• PVS Chemicals*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• BASF SE
• Akzo Nobel N.V.
• DowDuPont Inc.
• Unigel S.A.
• Boliden Group
• Ineos Enterprises Limited
• Trident Chemicals
• Aurubis AG
• Climax Molybdenum B.V.
• Amal Ltd.

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