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The global sulphuric acid market reached a volume of almost 297.40 MMT in 2024. The industry is further expected to grow at a CAGR of 1.50% between 2025 and 2034 to reach a value of almost 345.14 MMT by 2034.
Base Year
Historical Year
Forecast Year
Value in MMT
2025-2034
Sulphuric Acid Market Outlook
*this image is indicative*
Global Sulphuric Acid Market Report Summary | Description | Value |
Base Year | MMT | 2024 |
Historical Period | MMT | 2018-2024 |
Forecast Period | MMT | 2025-2034 |
Market Size 2024 | MMT | 297.40 |
Market Size 2034 | MMT | 345.14 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 1.5% |
CAGR 2025-2034 - Market by Region | Asia Pacific | 1.7% |
CAGR 2025-2034 - Market by Country | India | 2.0% |
CAGR 2025-2034 - Market by Country | China | 1.6% |
CAGR 2025-2034 - Market by Application | Fertilizers | 1.8% |
CAGR 2025-2034 - Market by Application | Chemicals | 1.4% |
Market Share by Country 2024 | France | 3.0% |
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.
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:
Market Breakup by Region:
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CAGR 2025-2034 - Market by | Country |
India | 2.0% |
China | 1.6% |
Canada | 1.5% |
Germany | 1.2% |
Australia | 1.2% |
USA | XX% |
UK | XX% |
France | XX% |
Italy | 1.1% |
Japan | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
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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.
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:
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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market attained a volume of approximately 297.40 MMT.
The market is projected to grow at a CAGR of 1.50% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about 345.14 MMT by 2034.
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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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