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

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

Sulfuric acid is a highly corrosive strong mineral acid, generally transparent to slightly yellow, miscible with water and exothermic at any concentration. Use great caution in mixing with water due to heat release that causes explosions. Always add the acid to water, never the reverse.

Market Overview:

The latest research study on the global Sulphuric Acid market finds that the global Sulphuric Acid market reached a value of USD 9534.89 million in 2022. It’s expected that the market will achieve USD 12367.0 million by 2028, exhibiting a CAGR of 4.43% during the forecast period.

Fertilizer industry will promote the development of global sulfuric acid market

With the development of urbanization and the increase of population all over the world, people expect more and more food crops to increase production. However, due to the reduction of cultivated land and the gradual loss of soil nutrients, there is less and less fertile land for agricultural production, so the demand for fertilizer in agricultural market is increasing. It is predicted that the demand of chemical fertilizer industry will vigorously promote the development of sulfuric acid market in the future. Farmers have to use chemical substances such as chemical fertilizers to increase the yield of crops. As an indispensable part of agriculture, fertilizer can provide nutrients such as potassium, phosphorus and nitrogen to the soil and help increase grain production. The growth of downstream demand of chemical fertilizer, especially in phosphate field, will directly increase the market demand for sulfuric acid, because sulfuric acid is the key raw material for commercial phosphate fertilizer production.

Adequate raw materials

The raw materials for sulfuric acid production are rich and abundant, including elemental sulfur, pyrite, non-ferrous metal smelting flue gas (containing a certain amount of S02), sulfur, gypsum, hydrogen sulfide, sulfur dioxide and waste sulfuric acid, etc. At present, elemental sulfur, sulfur, pyrite and smelting flue gas are the main raw materials. Sulphuric acid is mainly produced from sulfur in the world because of its low cost and less environmental pollution. Pyrite is one of the main raw materials for sulfuric acid production because of its high sulfur content. In addition, some factories use flue gas from non-ferrous metal smelters, mineral sulfur or sulfur obtained from desulfurization of petroleum and natural gas as raw materials. At the same time, it can also be extracted from cobalt, copper, lead, nickel, zinc and other mineral raw materials in base metal smelters. This provides abundant raw materials for sulfuric acid production and promotes the development of sulfuric acid manufacturing industry.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (49.52% in 2022).

Company Overview:

Yuntianhua is one of the major players operating in the Sulphuric Acid market, holding a share of 2.65% in 2023.

Yuntianhua

Yunnan Yuntianhua International Chemical Co., Ltd (YTHIC for short) is a holding subsidiary of Yuntianhua Group Co., Ltd (YTH Group for short).

Nutrien

Nutrien Ltd provides crop inputs and services. The company provides potassium salt, nitrogen, phosphate and sulfate products.
It is the largest producer of potash and the third largest producer of nitrogen fertilizer in the world.

Segmentation Overview:

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

Application Overview:

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

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

Honeywell
KMG Chemicals
Lomon Billions
JINCHUAN GROUP CO., Ltd
Chemtrade Refinery
Wylton
Nutrien
Yuntianhua
Guizhou Kailin (Group) Co., Ltd.
Xinyangfeng Agricultural
Trident Group
Jiangxi Copper Corporation
Aurubis
Ineos Enterprises
Hubei Yihua
PVS Chemicals
BASF
Nouryon
Cornerstone
Tonngling Nonferrous Metals Group

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

Reagent Grade
Industrial Grade

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

Metallurgical
Oil
Fertilizer
Other

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)