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Sulphuric Acid Market

Global Sulphuric Acid Market Size, Share, Trends, Forecast: By Application: Fertilizers, Chemicals, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Trade Data Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032

Global Sulphuric Acid Market Outlook

The global sulphuric acid market reached a volume of almost 297.40 million metric tons in 2023. The industry is further expected to grow at a CAGR of 1.5% between 2024 and 2032 to reach a value of almost 340.06 million metric tons by 2032.

 

Global Sulphuric Acid Market

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The global sulphuric acid market is driven by the increase in the fertilizers and chemicals industry. The market is expected to be driven by the end-use sectors like the agriculture segment. The acid is used for producing phosphoric acid, and as a consequence, phosphate fertilizers, which are extensively used in the agricultural sector. The global sulphuric acid markets were well supplied in the period 2017-2018. The sulphuric acid market is predicted to remain oversupplied in the coming years. Thus, the market is expected to shift in the next two years towards the buyer's side.

The Asia Pacific region is the leading regional market for the product, accounting for 45% of the market share. In the Asia Pacific region, China is expected to drive the demand for sulphuric acid as the result of improved consumption by the phosphate industry. North America and Europe follow the Asia Pacific region as the other major markets for the acid, accounting for over a quarter of the industry share globally. North-East Asia is the major consumer of sulphuric acid, accounting for 37% of the total global consumption in the industry. North America and the Middle East and Africa are also significant consumers within the industry. The key producing regions include China, the United States, and India.

 

Properties and Applications

Sulphuric acid, also known as vitriol, is a mineral acid consisting of elements such as sulphur, hydrogen, and oxygen. It is sans colour and odour and is syrupy, making it soluble in water. It is also synthesized in reactions that are highly exothermic.

 

Global Sulphuric Acid Market By Application

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On the basis of application, the market is segmented into the following:

  • Fertilizers
  • Chemicals 
  • Others

The report by EMR analyses the feedstock of sulphuric acid, i.e., sulphur. The report also covers the regional markets of the product like North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa.

 

Global Sulphuric Acid Market By Region

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Market Analysis

The global sulphuric acid market is driven by the increase in the demand from major consuming industries like agriculture. The market is invigorated by global agriculture production, which is expected to grow at 1-2% per year in the coming decade. The top importers of the product are India, China, and the United States, who are predicted to drive the market. Consumption of fertilizer is high in India and China, followed by the United States of America. According to FAO, in the next 25 years, the caloric requirement is estimated to double-up, with a population reaching approximately 8 million, thus, boosting the growth of the agricultural sector. The rising demand for fertilizers in the rapidly rising agriculture industry is expected to drive the demand for sulphuric acid in the coming years.

Agrarian nations, such as China, with 37% and India with a 15% contribution to global agro-economy, are expected to drive the demand for sulphuric acid due to its high consumption. The acid is extensively used in the formation of phosphate fertilizers within India and China. With both countries looking to bolster their agricultural productivity, the demand is expected to remain robust from this sector. However, with more imports flowing into this region in 2017, sulphuric acid is witnessing an inventory build-up. The electronic-grade sulphuric acid is witnessing a steady increase, and the demand is estimated to continue being high in the forecast period.

Sulphuric acid is, apart from its on-purpose production, produced as a by-product of metal smelting, where large volumes of the product are involuntarily produced. Therefore, no definitive capacity is installed for the commodity. In spite of this, the involuntary production has afflicted the market with excess supply for about a decade now. The production of sulphuric acid is nearly 10% more than the requirement, in spite of more than 200 million metric tons consumption of sulphuric acid every year. This persistent oversupply of the acid is expected to hinder the market growth in the coming years due to the significant gap between supply and demand.

 

Competitive Landscape

May 2018- BASF SE (OTCMKTS: BASFY) announced the expansion of its sulphuric acid production in its Jiaxing plant from 12,000 tons to 24,000 tons to meet the rising demand for semiconductors in the region.

The report gives a detailed analysis of the following key players in the global sulphuric acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • INEOS Group
  • BASF SE (OTCMKTS: BASFY)
  • DuPont de Nemours, Inc. (NYSE: DD)
  • PVS Chemicals, Inc.
  • Chung Hwa Chemical Industrial Works, Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Region
Breakup by Application
  • Fertilizers
  • Chemicals
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • INEOS Group
  • BASF SE (OTCMKTS: BASFY)
  • DuPont de Nemours, Inc. (NYSE: DD)
  • PVS Chemicals, Inc.
  • Chung Hwa Chemical Industrial Works, Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

Sulphuric Acid Market Report Snapshots

Sulphuric Acid Market Size

Sulphuric Acid Market Analysis

Sulphuric Acid Companies

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Sulphuric Acid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Sulphuric Acid Historical Market (2018-2023) 
    8.3    Global Sulphuric Acid Market Forecast (2024-2032)
    8.4    Global Sulphuric Acid Market by Application
        8.4.1    Fertilizers
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Chemicals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global Sulphuric Acid Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Trade Data Analysis (HS Code – 2807)
    11.1    Major Exporting Countries
        11.1.1    By Value
        11.1.2    By Volume
    11.2    Major Importing Countries
        11.2.1    By Value
        11.2.2    By Volume
12    Price Analysis
    12.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    12.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    12.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    12.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    12.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
13    Global Sulphuric Market Analysis
    13.1    Global Sulphur Market by Region
        13.1.1    Market Share
            13.1.1.1    North America
            13.1.1.2    Europe
            13.1.1.3    Asia Pacific
            13.1.1.4    Latin America
            13.1.1.5    Middle East and Africa
    13.2    Trade Data Analysis (HS Code – 2503)
        13.2.1    Major Exporting Countries
            13.2.1.1    By Value
            13.2.1.2    By Volume
        13.2.2    Major Importing Countries
            13.2.2.1    By Value
            13.2.2.2    By Volume 
    13.3    Price Analysis
        13.3.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.3.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.3.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.3.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
        13.3.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    INEOS Group
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    BASF SE (OTCMKTS: BASFY)
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    DuPont de Nemours, Inc. (NYSE: DD)
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    PVS Chemicals, Inc.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Chung Hwa Chemical Industrial Works, Ltd.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Sulphuric Acid Market: Key Industry Highlights, 2018 and 2032
2.    Global Sulphuric Acid Historical Market: Breakup by Application (Million Metric Tons), 2018-2023
3.    Global Sulphuric Acid Market Forecast: Breakup by Application (Million Metric Tons), 2024-2032
4.    Global Sulphuric Acid Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
5.    Global Sulphuric Acid Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
6.    North America Sulphuric Acid Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
7.    North America Sulphuric Acid Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
8.    Europe Sulphuric Acid Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
9.    Europe Sulphuric Acid Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
10.    Asia Pacific Sulphuric Acid Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
11.    Asia Pacific Sulphuric Acid Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
12.    Latin America Sulphuric Acid Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
13.    Latin America Sulphuric Acid Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
14.    Middle East and Africa Sulphuric Acid Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
15.    Middle East and Africa Sulphuric Acid Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
16.    Major Exporting Countries by Value
17.    Major Importing Countries by Value
18.    Major Exporting Countries by Volume
19.    Major Importing Countries by Volume
20.    North America Historical Price Trends and Forecast 2018-2028
21.    Europe Historical Price Trends and Forecast 2018-2028
22.    Asia Pacific Historical Price Trends and Forecast 2018-2028
23.    Latin America Historical Price Trends and Forecast 2018-2028
24.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
25.    Global Sulphur Market: Key Industry Highlights, 2018 and 2032
26.    Global Sulphur Market: Market Share by Region
27.    Major Sulphur Exporting Countries by Value
28.    Major Sulphur Importing Countries by Value
29.    Major Sulphur Exporting Countries by Volume
30.    Major Sulphur Importing Countries by Volume
31.    North America Sulphur Historical Price Trends and Forecast 2018-2028
32.    Europe Sulphur Historical Price Trends and Forecast 2018-2028
33.    Asia Pacific Sulphur Historical Price Trends and Forecast 2018-2028
34.    Latin America Sulphur Historical Price Trends and Forecast 2018-2028
35.    Middle East and Africa Sulphur Historical Price Trends and Forecast 2018-2028
36.    Global Sulphuric Acid Market Structure

Key Questions Answered in the Report

In 2023, the market attained a volume of approximately 297.40 million metric tonnes.

The market is projected to grow at a CAGR of 1.5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about 340.06 million metric tonnes by 2032.

The major drivers of the market are increasing population, growth of the fertilisers industry, rising demand from developing regions, and increase in demand from end-use sectors such as agriculture.

The key market trends include the increase in the demand for electronic-grade sulphuric acid and rising applications of sulfuric acid in chemicals. 

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Fertilisers and chemicals, among others, are the leading applications of sulphuric acid in the market.

The major players in the global sulphuric acid market are INEOS Group, BASF SE, DuPont de Nemours, Inc. (NYSE: DD), PVS Chemicals, Inc., and Chung Hwa Chemical Industrial Works, Ltd., among others.

Analyst Review

The global sulphuric acid market attained a volume of 297.40 million metric tons in 2023, driven by the increase in the fertilizers and chemicals industry. Aided by the rising demand from the developing regions, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 1.5%. The market is projected to reach 340.06 million metric tons by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the industry can be segmented into fertilizers, chemicals, and others. The major regional markets for sulphuric acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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