Sulphuric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Sulphuric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5548
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Market Overview:

The global sulphuric acid market is expected to exhibit a CAGR of 3.02% 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.

 

 
 

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Sulphuric Acid Market Trends:

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.

Key Market Segmentation:

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:

 

 
 

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  • Elemental Sulfur
  • Pyrite Ore
  • Others
     

Breakup by Form:

  • Concentrated (98%)
  • Tower/Glover Acid (77.67%)
  • Chamber/Fertilizer Acid (62.8%)
  • Battery Acid (33.5%)
  • 66 Degree Baume Sulfuric Acid (93%)
  • Dilute Sulfuric Acid (10%)
     

Breakup by Distribution Channel:

  • Offline
  • Online
     

Breakup by End Use Industry:

  • Fertilizer
  • Chemical and Pharmaceutical
  • Automotive
  • Petroleum Refining
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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
Five User License: US$ 3499
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)

 

Key Questions Answered in This Report:

  • How has the global sulphuric acid market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global sulphuric acid market?
  • What are the key regional markets?
  • What is the breakup of the market based on the raw material type?
  • What is the breakup of the market based on the form?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global sulphuric acid market and who are the key players?
  • What is the degree of competition in the industry?

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Sulphuric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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