Global Sulfuric Acid Market - 2022-2029
Market Overview
The global sulfuric acid market has reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.
Sulfuric acid is a dense, oily, colorless, acidic liquid that is one of the most commercially important chemicals. Sulfuric acid is produced industrially through the reaction of water with sulfur trioxide, which is produced through the chemical combination of sulfur dioxide and oxygen via the contact or chamber process.
The acid is employed in fertilizers, dyes, pigments, medicines, detergents, explosives and inorganic salts and acids in various concentrations and petroleum refining and metallurgical operations. In addition, sulfuric acid is used as the electrolyte in lead-acid storage batteries, one of its most well-known applications.
Market Dynamics
Increased production of nutrient-rich food crops drives the global sulfuric acid market. However, environmental regulations are predicted to impede the sulfuric acid market growth significantly.
Increased production of nutrient-rich food crops drives the global sulfuric acid market
Fertilizer consumption is expected to rise as farmers expect higher yields and the availability of fertile land for agricultural practices decreases due to expanding urbanization. Fertilizers are now an essential aspect of agriculture, providing nutrients such as phosphate, potassium and nitrogen to the soil.
The vast majority of sulfuric acid produces phosphoric acid, then phosphate fertilizers such as calcium dihydrogen phosphate and ammonium phosphates. In addition, fertilizers, such as the two-component fertilizers di-ammonium phosphate (DAP) and mono-ammonium phosphate (MAP), provide farmers with an efficient way to provide soil nitrogen and phosphate. Sulfuric acid is a vital first stage in manufacturing DAP and MAP before being combined with phosphate rock to form phosphoric acid.
The growing demand has led companies to increase their production expansion of sulphuric acid to cater to the demand. For instance, in February 2022, Itafos Inc. resumed its sulfuric acid production and sales at Arraias. The sulfuric acid plant at Arraias has a capacity of 220kt per year. The company anticipates that the sulfuric acid plant at Arraias will be operational with a baseload capacity of about 10.5kt per month.
Environmental regulations are predicted to impede the growth of the sulfuric acid market significantly
Sulfuric acid is an acidic substance that can cause serious skin and eye burns. On touch, it can cause third-degree burns and blindness. Sulfuric acid mist can irritate the eyes, nose, throat and lungs and at greater concentrations, it can induce an accumulation of fluid in the lungs. In addition, asthmatics are especially vulnerable to pulmonary inflammation. Repeated exposures may result in irreversible lung and tooth damage. The International Agency for Research on Cancer has classed occupational exposure to powerful inorganic acid mists comprising sulfuric acid as carcinogenic to humans.
COVID-19 Impact Analysis
Concerns concerning large sulphuric acid stocks at copper, zinc and lead smelters, which have been present since Q4 2019, have reappeared as logistics concerns arise due to the new coronavirus outbreak. Furthermore, before the transportation limits, sulphuric acid inventory pressure was already becoming a structural, profit-related problem for copper smelters, albeit this worsens the situation for some smelters.
However, due to transportation constraints, the quick accumulation of sulphuric acid inventory will likely require lead and zinc smelters in north China to reduce output over the forecast period.
Segment Analysis
Based on process, the global sulfuric acid market is segmented into fertilizers, pulp and paper, chemical manufacturing, metal processing, automotive battery acid, textile industry and others.
Sulfuric acid is used in large quantities to produce phosphoric acid, then used to produce phosphate-based fertilizers such as mono-ammonium phosphate (MAP) and di-ammonium phosphate (DAP), both of which employ sulfuric acid as the primary first step in the manufacturing process. According to the Food and Agriculture Organization (FAO) of U.S., global fertilizers are predicted to reach 197.93 million tons in 2021 and 200.92 million tons in 2022, with phosphorus-based fertilizers growing at a Y-o-Y rate of 1.8% in 2021.
Companies have increased their sulphuric acid production capacity to meet the rising demand for fertilizers application. For instance, Coromandel International announced a new 1650 metric tonnes per day design capacity sulfuric acid plant at its fertilizer complex in Visakhapatnam. The investment is consistent with Coromandel's long-term goals of securing essential raw materials for fertilizer manufacturing. The 1650 TPD sulphuric acid plant will be constructed on Coromandel's existing Visakhapatnam plant grounds.
Geographical Analysis
Based on geography, the global sulfuric acid market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa.
Asia-Pacific is projected to have a significant market share because of the region's increasing fertilizer, chemical and manufacturing industries in nations such as India, Japan and China. In addition, sulfuric acid is utilized in oil refineries, car batteries, metal processing, paper & pulp and other industries.
According to the China Sulphuric Acid Industry Association's data, China's sulphuric acid industry will have a capacity of 125 million tonnes, an output of 98.59 million tonnes and a capacity utilization rate of 79% by 2020. Domestic mainstream sulfuric acid preparation methods include generating sulphuric acid from sulfur, smelting and pyrite, with sulphuric acid production accounting for 44% and smelting acid production accounting for 36%, the two most common important processes. Furthermore, pyrite acid accounts for approximately 17.8% of total output.
Competitive Landscape
The global sulfuric acid market is moderately consolidated and competitive with multinational businesses. Major players in the market include Shrieve, Groupe Chimique Tunisien, PotashCorp, Maaden - Saudi Arabian Mining Company, PVS Chemicals, OCP Group, Aurubis, Southern States Chemical, BASF SE and Veolia, among others. The companies in the market incorporate different market strategies to achieve growth in the global sulfuric acid market; these include technological advancement, mergers, product launches, contributions, acquisitions and collaborations.
Shrieve
Overview: Shrieve is a U.S.-based, privately held, independent company situated in Woodlands, Texas. The company represents several companies operating on a regional and global scale in various areas, including Industrial & Specialty Chemicals, Specialty Lubricants & Products and Oil & Gas.
Product Portfolio: Shrieve produces and supplies massive amounts of sulfuric acid around North America in virgin sulfur-burnt, black, low concentration acids: 55%, 70%, 78% and various spent forms.
Key Development:
In October 2020, Shrieve acquired CLP Chemicals' styrene business unit and other assets. CLP Chemicals is a market-leading industrial chemical distributor based in Houston, Texas, U.S.
Why Purchase the Report?
To visualize the global sulfuric acid market segmentation by type, raw material, manufacturing process, application and region and understand key commercial assets and players.
Identify commercial opportunities in the global sulfuric acid market by analyzing trends and co-development.
Excel data sheet with numerous data points of sulfuric acid market-level with four segments.
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Product mapping available in excel consists of key products of all the major market players
The global sulfuric acid market report would provide approximately 69 tables, 70 figures and almost 206 pages.
Target Audience 2022
Service Providers/ Buyers
Industry Investors/Investment Bankers
Chemical Manufacturers
Research Professionals
- 1. Global Sulfuric Acid Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Global Sulfuric Acid Market – Market Definition and Overview
- 3. Global Sulfuric Acid Market – Executive Summary
- 3.1. Market Snippet by Type
- 3.2. Market Snippet by Raw Material
- 3.3. Market Snippet by Manufacturing Process
- 3.4. Market Snippet by Application
- 3.5. Market Snippet by Region
- 4. Global Sulfuric Acid Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Increased production of nutrient-rich food crops drives the global sulfuric acid market
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Environmental regulations are predicted to impede the growth of the sulfuric acid market significantly
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Global Sulfuric Acid Market – Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. Global Sulfuric Acid Market – COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. Global Sulfuric Acid Market – By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Dilute Sulphuric Acid*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Battery Acid
- 7.4. Concentrated Sulphuric Acid
- 7.5. Chamber Acid
- 8. Global Sulfuric Acid Market – By Raw Material
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 8.1.2. Market Attractiveness Index, By Raw Material
- 8.2. Pyrite Ore*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Elemental Sulfur
- 8.4. Base Metal Smelters
- 8.5. Others
- 9. Global Sulfuric Acid Market – By Manufacturing Process
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Manufacturing Process
- 9.1.2. Market Attractiveness Index, By Manufacturing Process
- 9.2. Single Contact Process*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Wet Contact Process
- 9.4. Wet Sulfuric
- 9.5. Lead Chamber Process
- 9.6. Acid Process
- 10. Global Sulfuric Acid Market – By Application
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.1.2. Market Attractiveness Index, By Application
- 10.2. Fertilizers*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Pulp and Paper
- 10.4. Chemical Manufacturing
- 10.5. Metal Processing
- 10.6. Automotive Battery Acid
- 10.7. Textile Industry
- 10.8. Others
- 11. Global Sulfuric Acid Market – By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Manufacturing Process
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Manufacturing Process
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Russia
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Manufacturing Process
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Manufacturing Process
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Manufacturing Process
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12. Global Sulfuric Acid Market – Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Global Sulfuric Acid Market- Company Profiles
- 13.1. Shrieve*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. Groupe Chimique Tunisien
- 13.3. PotashCorp
- 13.4. Maaden - Saudi Arabian Mining Company
- 13.5. PVS Chemicals
- 13.6. OCP Group
- 13.7. Aurubis
- 13.8. Southern States Chemical
- 13.9. BASF SE
- 13.10. Veolia
- LIST NOT EXHAUSTIVE
- 14. Global Sulfuric Acid Market – Premium Insights
- 15. Global Sulfuric Acid Market – DataM
- 15.1. Appendix
- 15.2. About Us and Services
- 15.3. Contact Us
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