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

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

Sulfuric acid is a colorless, odorless, syrupy liquid that is soluble in water in highly exothermic reactions.

Market Overview:

The latest research study on the global Sulfuric Acid market finds that the global Sulfuric Acid market reached a value of USD 18577.56 million in 2022. It’s expected that the market will achieve USD 24334.31 million by 2028, exhibiting a CAGR of 4.6% during the forecast period.

Region Overview:

Strength
At present, sulfuric acid is used in a wide range of fields. With the development of economy and technology, the cost of producing sulfuric acid will be lower and lower, and it has good economic benefits.

Weakness

Sulfuric acid, as a corrosive substance, can cause a series of problems if used improperly, both in terms of personal safety and production equipment.

Threat

The control of chemical products varies from country to country.
Sulfuric acid may be replaced, it does not have many unique characteristics.

Opportunity

In emerging countries, because agriculture accounts for a large proportion of the economy, sulfuric acid is still in short supply for these regions and will continue to evolve with different uses.

Segmentation Overview:

As for product types, the Low Concentration segment held the largest market share in 2022.

High Concentration

Concentrated sulfuric acid: strong acid, hard to volatilize, strong oxidizing, water absorbing, dehydrating, carbonizing organic matter containing hydrogen and oxygen.

Low Concentration

Dilute sulfuric acid: Strong acid, which reacts with hydrogen-active metals, reacts with most metal oxides, reacts with strong base weak acid salts, can be used as a catalyst, and is used as a conductive solution.

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

Honeywell
Dupont
Praxair
Bayer
Solvay
Cytec Industries
Agrium
Chevron Chemical
BASF
Southern States Chemical
Ecolab
Akzo Nobel
Evonik Industries

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

High Concentration
Low Concentration

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

Paint & Coting Formulation
Fertilizers
Metal Processing Triggers

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)