Global Sulfuric Acid Catalyst Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sulfuric Acid Catalyst Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The sulfuric acid is one of the primary ingredients for the formulation of chemicals and compounds used in numerous industries. And sulfuric acid catalyst is designed to optimize and increase the production of sulfuric acid. It enables and provides the best solution to increase the sulfuric acid production across industries. The sulfuric acid catalyst increases the conversion of SO2 to SO3 that further undergoes sulfuric acid production. Sulfuric acid catalyst optimizes the whole process of the sulfuric acid synthesis by reducing SO2 emission and optimizing the pressure drop. An ideal sulfuric acid catalyst must possess attributes such as a high degree of activity, large surface area, and geometrically optimized shape in order to show a high level of efficacy for sulfuric acid production.

Market Overview:

The latest research study on the global Sulfuric Acid Catalyst market finds that the global Sulfuric Acid Catalyst market reached a value of USD 647.32 million in 2022. It’s expected that the market will achieve USD 872.65 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.

Influence of COVID-19 Outbreak on Sulfuric Acid Catalyst Industry Development

European buyers of fertilizer are expected to return to the market in Q2, for their requirements for spring are not fully covered. Due to adverse weather, they have not bought enough in 2019, so demand is supposed to be high in Europe. However, this will all depend on the coronavirus-related lockdowns across the continent and how long they will last. Farmers will still need to make purchases for this season.

While in United States, in view of the expected growth of crops, the planting area will be greatly increased, and with the increase of input, it is expected that the supply will increase to meet the new demand. The demand for fertilizer will be robust, especially if some of the economic impasses present in the prior quarter stabilize. Demand will also be supported further if there is favorable weather that comes forth just as the crops reach the secondary application period.

Sulfur acid as well as sulfuric acid catalyst is extensively used in fertilizer production, in such situation, sulfuric acid catalyst market will see a simultaneous growth with fertilizer industry.

Limitations

A large number of companies involved in M&A, and joint ventures to enhance their product portfolio and maintain a significant presence in this market. Though the production threshold is relatively low, the competition is really fierce inside the industry. In such situation, new entrants are not suggested to enter this industry. In the meantime, offering products with higher performance to meet customers’ needs will be the most important competitive advantage for companies already in this industry.
One of the stages of the manufacture of sulfuric acids is conversion of sulfur dioxide to sulfur trioxide. Normally, a plant contains a cylindrical vessel that functions as a fixed bed reactor. The reactor has four beds of catalysts referred to as a converter. It is heated and serves as the inlet for sulfur dioxide and oxygen. The entire conversion process takes place in the presence of vanadium oxide catalyst. However, during the process, dust accumulation will plug the catalyst bed causing an increase in pressure drop. Dust accumulation in the bed which will lead to a vanadium loss may be a hindering point oh this industry that remains further solving.
When the screening operation is performed in catalyst beds, the catalyst losses are unavoidable. Though a catalyst with sufficient strength will control a loss to 6% to 7% of the bed, a loss of over 10% requires a revise of the way used to remove, screen and install the catalyst.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Haldor Topsoe is one of the major players operating in the Sulfuric Acid Catalyst market, holding a share of 37.21% in 2020.

Haldor Topsoe develops, manufactures, and sells catalysts, spare parts, and consumables. The Company offers catalysts for various processes and equipment, which includes steam reformers, burners, boilers, reactors, and mixers, as well as provides battery materials for energy generation and storage.

BASF Catalysts LLC manufactures and markets environmental and process catalysts. The Company offers adsorbents, battery materials, catalytic coatings, energy storage, stationary emissions, temperature sensing, mobile emission, metals, and process catalysts. BASF Catalysts serves customers worldwide.

Segmentation Overview:

Among different product types, Ribbed Type segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Fertilizers segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Sulfuric Acid Catalyst market covered in Chapter 3:

BASF
Haldor Topsoe
Sud-Chemie (Clariant)

In Chapter 4 and Chapter 14.2, on the basis of types, the Sulfuric Acid Catalyst market from 2018 to 2029 is primarily split into:

Pellet Type
Ring Type
Ribbed Type
Extended Surface Area Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sulfuric Acid Catalyst market from 2018 to 2029 covers:

Paint & Coting Formulation
Fertilizers
Metal Processing Triggers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)