Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Sulphuric Acid Market is Expected to Grow at a CAGR of 1.5% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Sulphuric Acid Market Report and Forecast 2022-2027’, the global sulphuric acid market size reached a volume of 284.4 million metric tons in 2020. The market is likely to increase at a CAGR of 1.5% in the forecast period 2022-2027 to reach a volume of approximately 311 million metric tons by 2026.

The global sulphuric acid market is being aided by the thriving agricultural industry. In terms of region, Asia leads the global market with over 45% market share. Other major regions in the market are North America and Europe. The significant producing regions include China, India, and the United States.

The application of the product is likely to grow more in future. The demand for the sulphuric acid in Asia, especially in China, is expected to grow in future. Due to the increased demand for fertilisers, regions like China, India, and the United States are compelled to import significant volumes of sulphuric acid from other regions. India and China are major agrarian nations, accounting for 15% and 37% of the total contribution to the global agricultural market, respectively. Both these countries extensively use the acid for manufacturing fertilisers. The demand for electronic grade sulphuric acid is growing at a rapid rate and is likely to witness a faster growth in the coming years.

In November 2020, DuPont de Nemours, Inc. (NYSE: DD) announced the selection of its MECS® sulphuric acid technology by NioCorp Developments Ltd for its Superalloy Materials Project in Southeast Nebraska. The MECS sulphuric acid plant would be designed to improve energy recovery and emission control in order to ensure the best possible environmental efficiency.

Market Analysis by Application and Regions:

  • Sulphuric acid finds wide applications in fertilizers, chemicals, and others.
  • The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market growth is being aided by the rising demand for sulphuric acid in the agricultural industry, which is rapidly growing.
  • The demand for sulphuric acid is being driven by the growing demand for fertilisers, which are produced using sulphuric acid.
  • The market is also being aided by the increased volumes of imports.
  • Rapid population growth is also driving the market growth, with the rising demand for food.
  • The intense competition between the key players is also providing further impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global sulphuric acid market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the applications and major regions of sulphuric acid.
  • The EMR report also gives the regional price analysis of sulphuric acid and its feedstock for the periods (2017-2021) and (2022-2027).
  • An assessment of the global trade data has also been provided in the report.

The key players in the global sulphuric acid market include INEOS Group, BASF SE (OTCMKTS: BASFY), DuPont de Nemours, Inc. (NYSE: DD), PVS Chemicals, Inc., and Chung Hwa Chemical Industrial Works, Ltd., among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions. 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Aspartame Market Report and Forecast 2022-2027