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Global Sulphuric Acid Market: By Application: Fertilizers, Chemicals, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Price Analysis; Market Analysis; Price Analysis; Trade Data Analysis (HS Code: 2807, 2803); Cost Analysis; Competitive Landscape & Supplier Analysis; Value Chain Analysis; Manufacturing Process; Production Cost Analysis and Project Economics

Global Sulphuric Acid Market Key Insights:

 

  • Applications: Fertilizers, Chemicals, Others
  • Market Analysis and Outlook 2020-2025
  • Price Trends
  • Market Performance
  • Breakup by Region
  • Cost Analysis
  • Competitive Landscape
  • Value Chain Analysis
  • Mergers and Acquisitions

 

Market Outlook

The global sulphuric acid market reached a volume of almost 284.4 million metric tons in 2019. The industry is further expected to grow at a CAGR of 1.5% between 2020 and 2025 to reach a value of almost 311 million metric tons by 2025.

Global Sulphuric Acid Market Report and Forecast 2020-2025

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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.

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.

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 (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 Sulphur Chemicals
  • BASF SE (OTCMKTS: BASFY)
  • DuPont de Nemours, Inc.
  • 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.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Sulphuric Acid Market Analysis
    6.1    Figure: Global Sulphuric Acid Historical Market (2015-2019) & Forecast (2020-2025)
    6.2    Chart: Global Sulphuric Acid Market Breakup by Application
        6.2.1    Fertilizers
        6.2.2    Chemicals
        6.2.3    Others
    6.3    Figure: Global Sulphuric Acid Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
        6.3.1    Fertilizers
        6.3.2    Chemicals
        6.3.3    Others
    6.4    Chart: Global Sulphuric Acid Market Breakup by Region
        6.4.1    North America
            6.4.1.1    United State of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    United Kingdom
            6.4.2.2    Germany
            6.4.2.3    France
            6.4.2.4    Italy
            6.4.2.5    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Japan
            6.4.3.3    India
            6.4.3.4    ASEAN
            6.4.3.5    Others
        6.4.4    Latin America
            6.4.4.1    Brazil
            6.4.4.2    Argentina
            6.4.4.3    Mexico
            6.4.4.4    Others
        6.4.5    Middle East and Africa
            6.4.5.1    Saudi Arabia
            6.4.5.2    United Arab Emirates
            6.4.5.3    Nigeria
            6.4.5.4    South Africa
            6.4.5.5    Others
    6.5    Figure: Global Sulphuric Acid Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
        6.5.1    North America
            6.5.1.1    United State of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    United Kingdom
            6.5.2.2    Germany
            6.5.2.3    France
            6.5.2.4    Italy
            6.5.2.5    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Japan
            6.5.3.3    India
            6.5.3.4    ASEAN
            6.5.3.5    Others
        6.5.4    Latin America
            6.5.4.1    Brazil
            6.5.4.2    Argentina
            6.5.4.3    Mexico
            6.5.4.4    Others
        6.5.5    Middle East and Africa
            6.5.5.1    Saudi Arabia
            6.5.5.2    United Arab Emirates
            6.5.5.3    Nigeria
            6.5.5.4    South Africa
            6.5.5.5    Others
7    Global Sulphuric Acid Price Analysis
    7.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8    Global Sulphur Market Analysis
    8.1    Figure: Global Sulphur Historical Market (2015-2019) & Forecast (2020-2025)
    8.2    Chart: Global Sulphur Market Breakup by Region
        8.2.1    North America
        8.2.2    Europe
        8.2.3    Asia Pacific
        8.2.4    Latin America
        8.2.5    Middle East and Africa
    8.3    Figure: Global Sulphur Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
        8.3.1    North America
        8.3.2    Europe
        8.3.3    Asia Pacific
        8.3.4    Latin America
        8.3.5    Middle East and Africa
9    Global Sulphur Price Analysis
    9.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    9.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    9.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    9.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    9.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
10    Global Trade Data Analysis (HS Code: 2807, 2803)
    10.1    Major Exporting Countries: by Value and Volume
    10.2    Major Importing Countries: by Value and Volume
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Porter’s Five Forces Analysis
    12.1    Overview
    12.2    Buyer’s Power
    12.3    Supplier’s Power
    12.4    New Entrants
    12.5    Degree of Rivalry
    12.6    Substitutes
13    EMR’s Key Indicators for Demand
14    EMR’s Key Indicators for Price
15    Cost Analysis

    15.1    Cost of Raw Material
    15.2    Utilities
    15.3    Manpower
    15.4    Other Costs
16    Competitive Landscape & Supplier Analysis
    16.1    INEOS Sulphur Chemicals
        16.1.1    Company Overview
        16.1.2    Financial Analysis
    16.2    BASF SE
        16.2.1    Company Overview
        16.2.2    Financial Analysis
    16.3    DuPont de Nemours, Inc.
        16.3.1    Company Overview
        16.3.2    Financial Analysis
    16.4    PVS Chemicals Inc.
        16.4.1    Company Overview
        16.4.2    Financial Analysis
    16.5    Chung Hwa Chemical Industrial Works, Ltd.
        16.5.1    Company Overview
        16.5.2    Financial Analysis
    16.6    Others
17    Events and Developments

Additional Customisations Available:

18    Value Chain Analysis
19    Manufacturing Process

    19.1    Detailed Process Flow
    19.2    Operations Involved
    19.3    Mass Balance
20    Production Cost Analysis and Project Economics
    20.1    Land, Location and Site Development
    20.2    Construction
    20.3    Plant Machinery
    20.4    Cost of Raw Material
    20.5    Packaging
    20.6    Transportation
    20.7    Utilities
    20.8    Manpower
    20.9    Other Capital Investment

Analyst Review

The global sulphuric acid market attained a volume of nearly 284.4 million metric tons in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 1.5%. The sulphuric acid market is projected to reach a volume of around 311 million metric tons by 2025.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on application, the global sulphuric acid market can be segmented into fertilizers and chemicals, among others. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market, with the Asia Pacific leading the overall global market, accounting for 45% of the market share. The key players in the above industry are INEOS Sulphur Chemicals, BASF SE, DuPont de Nemours, Inc., PVS Chemicals Inc., and Chung Hwa Chemical Industrial Works, Ltd., among others.

The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing demand from the agricultural sector, and rising demand from emerging economies like India and China are driving the growth of the industry globally. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global sulphuric acid market performed in the previous years (2015-2019)?
  • What is the forecast assessment of the market for 2020-2025?
  • What are the major industry drivers and constraints?
  • What are the major price and demand indicators of the global sulphuric acid market?
  • What are the price trends of the product in the industry globally?
  • Who are the key manufacturers of the product in the global market?
  • What is the degree of competition in the global sulphuric acid market?
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