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The global sulphuric acid market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Sulphuric acid (H2SO4) is a dense, colorless, and corrosive liquid prepared industrially by the reaction of water with sulphur trioxide (SO3). It is a non-combustible and concentrated acid that oxidizes, dehydrates, or sulfonates organic compounds. It also reacts with alcohol, water, and metals to form flammable hydrogen gas and enhance the combustion of other substances. As a result, it is extensively used in different concentrations to manufacture industrial goods, such as dyes, fertilizers, pigments, explosives, detergents, and inorganic salts and acids.
Declining arable land, growing global population, and increasing food security concerns are driving the need for fertilizers to produce high nutritional crops. As a result, there is a rise in the adoption of sulphuric acid in the agriculture industry to manufacture phosphate fertilizers, such as superphosphate of lime and ammonium sulfate, which have a high crop yield. Apart from this, the boosting sales of passenger and commercial vehicles worldwide are catalyzing the demand for sulphuric acid as it serves as an electrolyte in lead-acid storage batteries of motor vehicle engines, hospital imaging devices, and farming equipment. Besides this, due to its corrosive nature, sulphuric acid is widely utilized in household cleaning products, such as soap, dishwasher liquid, and laundry detergent. This, in confluence with the increasing awareness among individuals about household cleanliness and hygiene, is contributing to the market growth. Furthermore, the expanding applications of sulphuric acid as a catalyst to clean impurities from gasoline and refinery products in petrochemical refining and metallurgical processes, along with the thriving oil and gas sector, are anticipated to present key players operating in the industry with lucrative growth opportunities.
IMARC Group provides an analysis of the key trends in each sub-segment of the global sulphuric acid market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on raw material type, form, distribution channel and end use industry.
Breakup by Raw Material Type:
Breakup by Form:
Breakup by Distribution Channel:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aarti Industries Ltd., Aurubis AG, BASF SE, Boliden AB, Brenntag SE, Chemtrade Logistics, Lanxess AG, Merck KGaA, Nutrien Ltd., PhosAgro, Solvay S.A., The Mosaic Company and Valero Energy Corporation.
|Base Year of the Analysis||2021|
|Segment Coverage||Raw Material Type, Form, Distribution Channel, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Aarti Industries Ltd., Aurubis AG, BASF SE, Boliden AB, Brenntag SE, Chemtrade Logistics, Lanxess AG, Merck KGaA, Nutrien Ltd., PhosAgro, Solvay S.A., The Mosaic Company and Valero Energy Corporation.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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