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Sulfuric Acid Market on the by Material, Application and Geography-Forecast up to 2028

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  • 67 Pages
  • July 2023
  • Region: Global
  • IHR Insights
  • ID: 5446388
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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

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
List of Tables
Table 1. Global Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 2. Global Sulfuric Acid Market Value for Elemental Sulfur, by Geography, 2022-2028 (USD Billion)
Table 3. Global Sulfuric Acid Market Value for Base Metal Smelters, by Geography, 2022-2028 (USD Billion)
Table 4. Global Sulfuric Acid Market Value for Pyrite Ore, by Geography, 2022-2028 (USD Billion)
Table 5. Global Sulfuric Acid Market Value for Others, by Geography, 2022-2028 (USD Billion)
Table 6. Global Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 7. Global Sulfuric Acid Market Value for Fertilizers, by Geography, 2022-2028 (USD Billion)
Table 8. Global Sulfuric Acid Market Value for Chemical Manufacturing, by Geography, 2022-2028 (USD Billion)
Table 9. Global Sulfuric Acid Market Value for Metal Processing, by Geography, 2022-2028 (USD Billion)
Table 10. Global Sulfuric Acid Market Value for Petroleum Refining, by Geography, 2022-2028 (USD Billion)
Table 11. Global Sulfuric Acid Market Value for Textile Industry, by Geography, 2022-2028 (USD Billion)
Table 12. Global Sulfuric Acid Market Value for Automotive, by Geography, 2022-2028 (USD Billion)
Table 13. Global Sulfuric Acid Market Value for Pulp & Paper, by Geography, 2022-2028 (USD Billion)
Table 14. Global Sulfuric Acid Market Value for Others, by Geography, 2022-2028 (USD Billion)
Table 15. North America Sulfuric Acid Market Value, by Country, 2022-2028 (USD Billion)
Table 16. North America Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 17. North America Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 18. U.S Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 19. U.S Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 20. Canada Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 21. Canada Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 22. Europe Sulfuric Acid Market Value, by Country, 2022-2028 (USD Billion)
Table 23. Europe Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 24. Europe Sulfuric Acid Market Value, Application, 2022-2028 (USD Billion)
Table 25. Germany Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 26. Germany Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 27. U.K Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 28. U.K Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 29. France Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 30. France Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 31. Italy Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 32. Italy Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 33. Spain Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 34. Spain Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 35. Roe Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 36. Roe Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 37. Asia Pacifc Sulfuric Acid Market Value, by Country, 2022-2028 (USD Billion)
Table 38. Asia Pacifc Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 39. Asia Pacifc Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 40. China Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 41. China Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 42. India Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 43. India Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 44. Japan Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 45. Japan Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 46. Rest of APAC Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 47. Rest of APAC Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 48. Rest of World Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Table 49. Rest of World Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Table 50. Basf Se: Financials
Table 51. Basf Se: Products & Services
Table 52. Basf Se: Recent Developments
Table 53. Akzo Nobel N.V.: Financials
Table 54. Akzo Nobel N.V.: Products & Services
Table 55. Akzo Nobel N.V.: Recent Developments
Table 56. Ocp Group: Financials
Table 57. Ocp Group: Products & Services
Table 58. Ocp Group: Recent Developments
Table 59. Groupe Chimique Tunisien: Financials
Table 60. Groupe Chimique Tunisien: Products & Services
Table 61. Groupe Chimique Tunisien: Recent Developments
Table 62. Potashcorp: Financials
Table 63. Potashcorp: Products & Services
Table 64. Potashcorp: Recent Developments
Table 65. Maaden-Saudi Arabian Mining Company: Financials
Table 66. Maaden-Saudi Arabian Mining Company: Products & Services
Table 67. Maaden-Saudi Arabian Mining Company: Recent Developments
Table 68. The Mosaic Company: Financials
Table 69. The Mosaic Company: Products & Services
Table 70. The Mosaic Company: Recent Developments
Table 71. Pvs Chemicals: Financials
Table 72. Pvs Chemicals: Products & Services
Table 73. Pvs Chemicals: Recent Developments
Table 74. Dowdupont Inc: Financials
Table 75. Dowdupont Inc: Products & Services
Table 76. Dowdupont Inc: Recent Developments
Table 77. Unigel Group: Financials
Table 78. Unigel Group: Products & Services
Table 79. Unigel Group: Recent Developments
List of Figures
Chart. 1. Global Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 2. Global Sulfuric Acid Market Value for Elemental Sulfur, by Geography, 2022-2028 (USD Billion)
Chart. 3. Global Sulfuric Acid Market Value for Base Metal Smelters, by Geography, 2022-2028 (USD Billion)
Chart. 4. Global Sulfuric Acid Market Value for Pyrite Ore, by Geography, 2022-2028 (USD Billion)
Chart. 5. Global Sulfuric Acid Market Value for Others, by Geography, 2022-2028 (USD Billion)
Chart. 6. Global Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 7. Global Sulfuric Acid Market Value for Fertilizers, by Geography, 2022-2028 (USD Billion)
Chart. 8. Global Sulfuric Acid Market Value for Chemical Manufacturing, by Geography, 2022-2028 (USD Billion)
Chart. 9. Global Sulfuric Acid Market Value for Metal Processing, by Geography, 2022-2028 (USD Billion)
Chart. 10. Global Sulfuric Acid Market Value for Petroleum Refining, by Geography, 2022-2028 (USD Billion)
Chart. 11. Global Sulfuric Acid Market Value for Textile Industry, by Geography, 2022-2028 (USD Billion)
Chart. 12. Global Sulfuric Acid Market Value for Automotive, by Geography, 2022-2028 (USD Billion)
Chart. 13. Global Sulfuric Acid Market Value for Pulp & Paper, by Geography, 2022-2028 (USD Billion)
Chart. 14. Global Sulfuric Acid Market Value for Others, by Geography, 2022-2028 (USD Billion)
Chart. 15. North America Sulfuric Acid Market Value, by Country, 2022-2028 (USD Billion)
Chart. 16. North America Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 17. North America Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 18. U.S Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 19. U.S Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 20. Canada Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 21. Canada Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 22. Europe Sulfuric Acid Market Value, by Country, 2022-2028 (USD Billion)
Chart. 23. Europe Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 24. Europe Sulfuric Acid Market Value, Application, 2022-2028 (USD Billion)
Chart. 25. Germany Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 26. Germany Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 27. U.K Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 28. U.K Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 29. France Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 30. France Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 31. Italy Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 32. Italy Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 33. Spain Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 34. Spain Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 35. Roe Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 36. Roe Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 37. Asia Pacifc Sulfuric Acid Market Value, by Country, 2022-2028 (USD Billion)
Chart. 38. Asia Pacifc Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 39. Asia Pacifc Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 40. China Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 41. China Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 42. India Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 43. India Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 44. Japan Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 45. Japan Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 46. Rest of APAC Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 47. Rest of APAC Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)
Chart. 48. Rest of World Sulfuric Acid Market Value, by Raw Material, 2022-2028 (USD Billion)
Chart. 49. Rest of World Sulfuric Acid Market Value, by Application, 2022-2028 (USD Billion)

Companies Mentioned

  • BASF SE
  • Akzo Nobel N.V.
  • OCP Group
  • Groupe Chimique Tunisien
  • PotashCorp
  • Maaden-Saudi Arabian Mining Company
  • The Mosaic Company
  • PVS Chemicals
  • DowDuPont Inc.
  • Unigel Group

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