
Sulfuric Acid Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore); By Application; By Region; Segment Forecast, 2022 - 2030
Description
The global sulfuric acid market size is expected to reach USD 45.56 billion by 2034 according to a new study by Polaris Market Research. The report “Sulfuric Acid Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore); By Application; By Region; Segment Forecast, 2025 – 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing application in various sectors such as agricultural, automotive & transportation, consumer goods, and other end-use industries have increased the demand for sulfuric acid. The product's utilization is growing as it is a vital commodity chemical used to produce phosphoric acid.
Sulfuric acid is one of the most commonly used acids as it has direct and indirect applications in manufacturing various chemical-based products, including fertilizer. The increasing production capacity of phosphate fertilizer and stringent environmental regulations have increased investments in improving manufacturing practices, which is expected to drive the market over the forecast period. An increase in the number of initiatives carried out by companies such as Outotec, DuPont, and Sumitomo Corporation for expanding their plant facilities, enhancing distribution networks, and expanding processing capacities is anticipated to propel the market.
The growing chemical industry, easy availability of raw materials, and growing developmental strategies, including setting up production facilities to meet the rising demand for sulfuric acid, are the major growth drivers for the market.
Sulfuric acid is used to neutralize organic matter and avoid the liberation of toxic gases, as well as also acting as a catalyst for the breakdown of the material's chemical bonds. Implementing New Source Performance Standards (NSPS) to control sulfuric acid mist and emissions of sulfur dioxide and nitrogen oxides from H2SO4 production facilities have increased, propelling the market's growth.
Additionally, it plays a crucial role in wastewater treatment, manufacturing rayon, harvesting potatoes as a desiccant, augmenting the market's growth.
Sulfuric Acid Market Report Highlights
Elemental sulfur acquired the largest revenue share in 2021 due to growing demand for sulfuric acid manufactured from elemental sulfur owing to its environmentally-friendly characteristics compared to base metal smelter or pyrite ore.
The fertilizer segment is anticipated to witness a significant market share in 2021 due to growing demand for the production of sulfuric acid for enhancing the quality of fertilizer.
Asia Pacific dominated the regional market due to the growing demand for fertilizers in key countries such as India and China.
Major players operating in the industry include Asia Union Electronic Chemical Corporation (AUECC), Aurubis AG, Avantor Performance Materials, LLC, BASF SE, Boliden Group, Canada Colors and Chemicals Limited, Cornerstone Chemical Company, Hubei Xingfa Chemicals Group Co., Ltd, Ineos Group Ltd, KANTO Corporation.
Polaris Market Research has segmented the sulfuric acid market report based on raw material, application, and region:
By Raw Material Outlook (Revenue - USD Billion, 2020 - 2034)
Elemental Sulfur
Base Metal Smelters
Pyrite Ore
Others
By Application Outlook (Revenue - USD Billion, 2020 - 2034)
Fertilizers
Chemical Manufacturing
Metal Processing
Petroleum Refining
Textile Industry
Automotive
Paper & Pulp
Others
By Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
The growing application in various sectors such as agricultural, automotive & transportation, consumer goods, and other end-use industries have increased the demand for sulfuric acid. The product's utilization is growing as it is a vital commodity chemical used to produce phosphoric acid.
Sulfuric acid is one of the most commonly used acids as it has direct and indirect applications in manufacturing various chemical-based products, including fertilizer. The increasing production capacity of phosphate fertilizer and stringent environmental regulations have increased investments in improving manufacturing practices, which is expected to drive the market over the forecast period. An increase in the number of initiatives carried out by companies such as Outotec, DuPont, and Sumitomo Corporation for expanding their plant facilities, enhancing distribution networks, and expanding processing capacities is anticipated to propel the market.
The growing chemical industry, easy availability of raw materials, and growing developmental strategies, including setting up production facilities to meet the rising demand for sulfuric acid, are the major growth drivers for the market.
Sulfuric acid is used to neutralize organic matter and avoid the liberation of toxic gases, as well as also acting as a catalyst for the breakdown of the material's chemical bonds. Implementing New Source Performance Standards (NSPS) to control sulfuric acid mist and emissions of sulfur dioxide and nitrogen oxides from H2SO4 production facilities have increased, propelling the market's growth.
Additionally, it plays a crucial role in wastewater treatment, manufacturing rayon, harvesting potatoes as a desiccant, augmenting the market's growth.
Sulfuric Acid Market Report Highlights
Elemental sulfur acquired the largest revenue share in 2021 due to growing demand for sulfuric acid manufactured from elemental sulfur owing to its environmentally-friendly characteristics compared to base metal smelter or pyrite ore.
The fertilizer segment is anticipated to witness a significant market share in 2021 due to growing demand for the production of sulfuric acid for enhancing the quality of fertilizer.
Asia Pacific dominated the regional market due to the growing demand for fertilizers in key countries such as India and China.
Major players operating in the industry include Asia Union Electronic Chemical Corporation (AUECC), Aurubis AG, Avantor Performance Materials, LLC, BASF SE, Boliden Group, Canada Colors and Chemicals Limited, Cornerstone Chemical Company, Hubei Xingfa Chemicals Group Co., Ltd, Ineos Group Ltd, KANTO Corporation.
Polaris Market Research has segmented the sulfuric acid market report based on raw material, application, and region:
By Raw Material Outlook (Revenue - USD Billion, 2020 - 2034)
Elemental Sulfur
Base Metal Smelters
Pyrite Ore
Others
By Application Outlook (Revenue - USD Billion, 2020 - 2034)
Fertilizers
Chemical Manufacturing
Metal Processing
Petroleum Refining
Textile Industry
Automotive
Paper & Pulp
Others
By Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
124 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. U.S. Lumbar Spine Cages Market Insights
- 4.1. U.S. Lumbar Spine Cages Market – Market Snapshot
- 4.2. U.S. Lumbar Spine Cages Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. High Prevalence of Obesity and Sedentary Lifestyle
- 4.2.1.2. High Incidence of Lumbar Degenerative Conditions
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent regulatory requirements and lengthy approval processes
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. U.S. Lumbar Spine Cages Market Power Rating Trends
- 4.6. Value Chain Analysis
- 5. U.S. Lumbar Spine Cages Market, by Cage
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Lumbar Spine Cages Market, by Cage, 2020-2034 (USD Million)
- 5.3. Static Cages
- 5.3.1. U.S. Lumbar Spine Cages Market, by Static Cages, by Region, 2020-2034 (USD Million)
- 5.4. Expandable Cages
- 5.4.1. U.S. Lumbar Spine Cages Market, by Expandable Cages, by Region, 2020-2034 (USD Million)
- 6. U.S. Lumbar Spine Cages Market, by Fusion Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Lumbar Spine Cages Market, By Fusion Type, 2020-2034 (USD Million)
- 6.3. TLIF (Transforaminal Lumbar Interbody Fusion) Cages
- 6.3.1. U.S. Lumbar Spine Cages Market, by TLIF (Transforaminal Lumbar Interbody Fusion) Cages, by Region, 2020-2034 (USD Million)
- 6.4. PLIF (Posterior Lumbar Interbody Fusion) Cages
- 6.4.1. U.S. Lumbar Spine Cages Market, by PLIF (Posterior Lumbar Interbody Fusion) Cages, by Region, 2020-2034 (USD Million)
- 6.5. ALIF (Anterior Lumbar Interbody Fusion) Cages
- 6.5.1. U.S. Lumbar Spine Cages Market, by ALIF (Anterior Lumbar Interbody Fusion) Cages, by Region, 2020-2034 (USD Million)
- 6.6. XLIF (Extreme Lateral Interbody Fusion) Cages
- 6.6.1. U.S. Lumbar Spine Cages Market, by XLIF (Extreme Lateral Interbody Fusion) Cages, by Region, 2020-2034 (USD Million)
- 6.7. OLIF (Oblique Lumbar Interbody Fusion) Cages
- 6.7.1. U.S. Lumbar Spine Cages Market, by OLIF (Oblique Lumbar Interbody Fusion) Cages, by Region, 2020-2034 (USD Million)
- 7. U.S. Lumbar Spine Cages Market, by Reconstruction Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. U.S. Lumbar Spine Cages Market, by Reconstruction Type, 2020-2034 (USD Million)
- 7.3. Vertebrectomy Cages
- 7.3.1. U.S. Lumbar Spine Cages Market, by Vertebrectomy Cages, by Region, 2020-2034 (USD Million)
- 7.4. Corpectomy Cages
- 7.4.1. U.S. Lumbar Spine Cages Market, by Corpectomy Cages, by Region, 2020-2034 (USD Million)
- 8. U.S. Lumbar Spine Cages Market, by Material
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. U.S. Lumbar Spine Cages Market, by Material, 2020-2034 (USD Million)
- 8.3. PEEK (Polyether ether ketone)
- 8.3.1. U.S. Lumbar Spine Cages Market, by PEEK (Polyether ether ketone), by Region, 2020-2034 (USD Million)
- 8.4. Titanium
- 8.4.1. U.S. Lumbar Spine Cages Market, by Titanium, by Region, 2020-2034 (USD Million)
- 8.5. Carbon Fiber Reinforced Polymer (CFRP)
- 8.5.1. U.S. Lumbar Spine Cages Market, by Carbon Fiber Reinforced Polymer (CFRP), by Region, 2020-2034 (USD Million)
- 8.6. Other Biocompatible Materials
- 8.6.1. U.S. Lumbar Spine Cages Market, by Other Biocompatible Materials, by Region, 2020-2034 (USD Million)
- 9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
- 10. Company Profiles
- 10.1. ATEC Spine
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Aurora Spine
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. DePuy Synthes (J&J)
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Globus Medical
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Medacta International
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Medtronic
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. ORTHOFIX MEDICAL INC.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Stryker
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Xenco Medical
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. XTANT MEDICAL HOLDINGS, INC.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Zimmer Biomet
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
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