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Sulfuric Acid Market on the by Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore and Others), Application (Fertilizers, Chemical manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper and Others) and Geog

Publisher IHR Insights Pvt Limited
Published Jul 11, 2023
Length 67 Pages
SKU # HRI20067078

Description

Sulfuric acid is used in the manufacturing of phosphate fertilizers which include monoammonium phosphate, diammonium phosphate, calcium dihydrogen phosphate, and others. Sulfuric acid molecular formula is H2SO4. It is considered as a robust mineral acid with high corroding properties. Sulfuric acid is a sticky liquid which is dissolvable in water and the color of sulfuric acid differ from yellow to colorless, which depends upon its concentration. The sulfuric acid continues to be a vital chemical in various industries, including fertilizers, chemicals, metallurgy, and mining. The expansion of these industries drives the demand for sulfuric acid. Moreover, the agriculture sector's growth and the increasing global population continue to boost the demand for fertilizers, where sulfuric acid is a crucial ingredient. It is used in the production of phosphate fertilizers like superphosphate. Thus, the following above factors are responsible for the growth in the market. On the other hand, the stringent environmental regulations owing to the toxic effects of sulfuric acid may hamper the growth of the market. The Sulfuric Acid Market is estimated to grow at the rate of 11.8% CAGR by 2028.

Sulfuric Acid Market as per the Raw Material:
  • Elemental Sulfur
  • Base Metal Smelters
  • Pyrite Ore
  • Others
Sulfuric Acid Market as per the Application:
  • Fertilizers
  • Chemical manufacturing
  • Metal Processing
  • Petroleum Refining
  • Textile Industry
  • Automotive
  • Pulp & Paper
  • Others
Sulfuric Acid Market as per the Geography:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
Based on the raw material, the sulfuric acid market is segregated into elemental sulfur, base metal smelters, pyrite ore and others. Among them the pyrite ore segment is anticipated to grow at a rapid rate in the market. This is owing to huge demand for pyrite ore as a material in production of sulfuric acid in the chemical sector. Sulfuric acid is made by burning pyrite ores, even though the primary source of sulfuric acid is combustion of elemental sulfur. While, roasting method appears to be a substitute for sulfuric acid synthesis when pyrite concentrate is available.

As per the application, the major application of sulfuric acid is in chemical manufacturing. Sulfuric acid is the most significant product in the chemical industry. Highly significant chemical compound sulfuric acid is utilized to manufacture a range of chemicals such as hydrochloric acid, nitric acid, phosphoric acid and various other industrial chemicals. Thus, the chemical manufacturing segment is experiencing highest growth in the application segmentation.

According to the geographical analysis, the Asia Pacific is commanding the sulfuric acid market share. This is due to the rise in the production of sulfur from China and Japan and developing chemical industry, easily available raw materials and rising developmental strategies such as arranging production facilities to fulfill the increasing demand for the sulfuric acid in this region.

Moreover, the rapid urbanization in emerging economies is a key trend which has driven infrastructure development, particularly in construction and transportation sectors. Sulfuric acid is essential in construction materials such as cement, and it is also used in various transportation applications, such as automotive batteries and automotive industry processes which accelerate the global market growth. In addition, the recycling and circular economy is also another global trend leading to the market growth.

The top leading competitors of the sulfuric acid market are BASF SE, Akzo Nobel N.V., OCP Group, Groupe Chimique Tunisien, PotashCorp, Maaden-Saudi Arabian Mining Company, The Mosaic Company, PVS Chemicals, DowDuPont Inc. and Unigel Group.

Hence, there is a wider scope of sulfuring acid in the future owing to its diverse application such as in automotive, agriculture, chemical manufacturing, metal processing and many more. Furthermore, few major industries are expanding their businesses to meet demand of the sulfuric acid.

Table of Contents

67 Pages
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Raw Material: Market Size & Analysis
5.1. Overview
5.2. Elemental Sulfur
5.3. Base Metal Smelters
5.4. Pyrite Ore
5.5. Others
6. Application: Market Size & Analysis
6.1. Overview
6.2. Fertilizers
6.3. Chemical manufacturing
6.4. Metal Processing
6.5. Petroleum Refining
6.6. Textile Industry
6.7. Automotive
6.8. Pulp & Paper
6.9. Others
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Rest of the World
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. Product Launches and execution
9. Vendor Profiles
9.1. BASF SE
9.1.1. Overview
9.1.2. Financial Overview
9.1.3. Product End Users
9.1.4. Developments
9.1.5. Business Strategy
9.2. Akzo Nobel N.V.
9.2.1. Overview
9.2.2. Financial Overview
9.2.3. Product End Users
9.2.4. Developments
9.2.5. Business Strategy
9.3. OCP Group
9.3.1. Overview
9.3.2. Financial Overview
9.3.3. Product End Users
9.3.4. Developments
9.3.5. Business Strategy
9.4. Groupe Chimique Tunisien
9.4.1. Overview
9.4.2. Financial Overview
9.4.3. Product End Users
9.4.4. Developments
9.4.5. Business Strategy
9.5. PotashCorp
9.5.1. Overview
9.5.2. Financial Overview
9.5.3. Product End Users
9.5.4. Developments
9.5.5. Business Strategy
9.6. Maaden - Saudi Arabian Mining Company
9.6.1. Overview
9.6.2. Financial Overview
9.6.3. Product End Users
9.6.4. Developments
9.6.5. Business Strategy
9.7. The Mosaic Company
9.7.1. Overview
9.7.2. Financial Overview
9.7.3. Product End Users
9.7.4. Developments
9.7.5. Business Strategy
9.8. PVS Chemicals
9.8.1. Overview
9.8.2. Financial Overview
9.8.3. Product End Users
9.8.4. Developments
9.8.5. Business Strategy
9.9. DowDuPont Inc.
9.9.1. Overview
9.9.2. Financial Overview
9.9.3. Product End Users
9.9.4. Developments
9.9.5. Business Strategy
9.10. Unigel Group
9.10.1. Overview
9.10.2. Financial Overview
9.10.3. Product End Users
9.10.4. Developments
9.10.5. Business Strategy
10. Analyst Opinion
11. Annexure
11.1. Report Scope
11.2. Market Definitions
11.3. Research Methodology
11.3.1. Data Collation and In-house Estimation
11.3.2. Market Triangulation
11.3.3. Forecasting
11.4. Report Assumptions
11.5. Declarations
11.6. Stakeholders
11.7. Abbreviations

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