Sulfuric Acid Market Report, 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), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
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 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 2016, 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 2016 and is expected to reach at 199 million metric tons by 2021.
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 2021, 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 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 (2022-2028), 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 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.
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Canada
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Europe
U.K.
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Germany
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Italy
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
France
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Russia
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Rest of Europe
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Asia Pacific
China
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
India
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Japan
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
ASEAN
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Australia
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
South Korea
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Rest of Asia Pacific
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Latin America
Brazil
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Mexico
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Rest of Latin America
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Middle East
GCC
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Israel
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Rest of Middle East
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Africa
North Africa
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Central Africa
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
South Africa
By Raw Material Type:
Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
By Application:
Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining
Others
By Manufacturing Process:
Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
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.
“*” marked represents similar segmentation in other categories in the respective section.
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