Global Sulfuric Acid Market Size Study, by Raw Material, by Application, and Regional Forecasts 2022-2032

Description

The Global Sulfuric Acid Market is currently valued at approximately USD 14.74 billion in 2023 and is projected to expand at a robust CAGR of 11.70% over the forecast period from 2024 to 2032. Sulfuric acid, a cornerstone of the chemical industry, is extensively employed across various sectors due to its versatility, reliability, and affordability. With a myriad of applications, including fertilizers, chemical manufacturing, metal processing, and petroleum refining, this vital industrial chemical is integral to modern economic systems.

The market's dynamic growth trajectory can be attributed to the rising demand for agricultural fertilizers to support global food production. With an ever-growing population, fertilizers enriched with sulfuric acid ensure higher crop yields and soil health. Moreover, the burgeoning industrial activities in emerging economies and a global shift towards sustainable solutions have amplified the adoption of sulfuric acid in chemical manufacturing and other applications. In addition, innovations in production methods, particularly in the recycling of sulfuric acid from waste streams, are further reinforcing the market's expansion.

Global demand for sulfuric acid is being propelled by its pivotal role in fertilizers, which account for a substantial share of the market. The increasing reliance on advanced agricultural techniques underscores the demand for phosphate fertilizers produced using sulfuric acid. Additionally, the chemical manufacturing sector benefits from the acid's utility in synthesizing numerous downstream products, including plastics and dyes. However, the high cost of raw materials and stringent environmental regulations governing its production pose challenges to market growth. Despite these hurdles, innovations in sustainable production and resource-efficient processes are anticipated to unlock new opportunities.

The market exhibits significant regional variations, with Asia-Pacific leading the charge due to its thriving agricultural and industrial sectors. The region's rapid industrialization, particularly in China and India, coupled with government initiatives to enhance agricultural productivity, is fostering market growth. Europe, known for its stringent environmental policies, has been focusing on sustainable production technologies, making it another critical market for sulfuric acid. Meanwhile, North America continues to witness steady demand, primarily driven by advancements in the automotive and petroleum refining sectors.

Major market players included in this report are:

BASF SE
Akzo Nobel N.V.
PVS Chemicals
Chemtrade Logistics
DuPont
Aditya Birla Chemicals
Arkema Group
Vale Fertilizantes S.A.
Solvay S.A.
The Mosaic Company
Agrium Inc.
Ineos Group Ltd.
Southern States Chemical
Aurubis AG
OCP Group

The detailed segments and sub-segment of the market are explained below:

By Raw Material:

Elemental Sulfur
Base Metal Smelters
Pyrite Ore

By Application:

Fertilizers
Chemical Manufacturing
Metal Processing
Petroleum Refining
Textile Industry
Automotive

By Region: North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024-2032

Key Takeaways:

Comprehensive market estimates and forecasts from 2022 to 2032.
Regional analysis covering major countries and regions.
In-depth evaluation of the competitive landscape, highlighting key players and their strategies.
Strategic recommendations for stakeholders to capitalize on emerging trends.
Detailed demand-side and supply-side market analysis.

Chapter 1. Global Sulfuric Acid Market Executive Summary 1.1. Global Sulfuric Acid Market Size & Forecast (2022-2032)

1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Raw Material
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Sulfuric Acid Market Definition and Research Assumptions 2.1. Research Objective

2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Sulfuric Acid Market Dynamics 3.1. Market Drivers

3.1.1. Rising Demand for Agricultural Fertilizers
3.1.2. Industrial Growth in Emerging Economies
3.1.3. Shift Towards Sustainable Production

3.2. Market Challenges
- 3.2.1. High Cost of Raw Materials
- 3.2.2. Stringent Environmental Regulations
3.3. Market Opportunities
- 3.3.1. Sustainable Production Innovations
- 3.3.2. Resource-Efficient Processes
- 3.3.3. Recycling and Waste Management

Chapter 4. Global Sulfuric Acid Market Industry Analysis 4.1. Porter's 5 Force Model

4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.1.7. Porter's 5 Force Impact Analysis

4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Sulfuric Acid Market Size & Forecasts by Raw Material 2022-2032 5.1. Segment Dashboard

5.2. Global Sulfuric Acid Market: By Raw Material Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Elemental Sulfur
- 5.2.2. Base Metal Smelters
- 5.2.3. Pyrite Ore

Chapter 6. Global Sulfuric Acid Market Size & Forecasts by Application 2022-2032 6.1. Segment Dashboard

6.2. Global Sulfuric Acid Market: By Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Fertilizers
- 6.2.2. Chemical Manufacturing
- 6.2.3. Metal Processing
- 6.2.4. Petroleum Refining
- 6.2.5. Textile Industry
- 6.2.6. Automotive

Chapter 7. Global Sulfuric Acid Market Size & Forecasts by Region 2022-2032 7.1. North America Sulfuric Acid Market

7.1.1. U.S. Sulfuric Acid Market
- 7.1.1.1. By Raw Material Breakdown Size & Forecasts, 2022-2032
- 7.1.1.2. By Application Breakdown Size & Forecasts, 2022-2032
7.1.2. Canada Sulfuric Acid Market

7.2. Europe Sulfuric Acid Market
- 7.2.1. UK Sulfuric Acid Market
- 7.2.2. Germany Sulfuric Acid Market
- 7.2.3. France Sulfuric Acid Market
- 7.2.4. Spain Sulfuric Acid Market
- 7.2.5. Italy Sulfuric Acid Market
- 7.2.6. Rest of Europe Sulfuric Acid Market
7.3. Asia-Pacific Sulfuric Acid Market
- 7.3.1. China Sulfuric Acid Market
- 7.3.2. India Sulfuric Acid Market
- 7.3.3. Japan Sulfuric Acid Market
- 7.3.4. Australia Sulfuric Acid Market
- 7.3.5. South Korea Sulfuric Acid Market
- 7.3.6. Rest of Asia-Pacific Sulfuric Acid Market
7.4. Latin America Sulfuric Acid Market
- 7.4.1. Brazil Sulfuric Acid Market
- 7.4.2. Mexico Sulfuric Acid Market
- 7.4.3. Rest of Latin America Sulfuric Acid Market
7.5. Middle East & Africa Sulfuric Acid Market
- 7.5.1. Saudi Arabia Sulfuric Acid Market
- 7.5.2. South Africa Sulfuric Acid Market
- 7.5.3. Rest of Middle East & Africa Sulfuric Acid Market

Chapter 8. Competitive Intelligence 8.1. Key Company SWOT Analysis

8.1.1. BASF SE
8.1.2. Akzo Nobel N.V.
8.1.3. PVS Chemicals

8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Akzo Nobel N.V.
- 8.3.3. PVS Chemicals
- 8.3.4. Chemtrade Logistics
- 8.3.5. DuPont
- 8.3.6. Aditya Birla Chemicals
- 8.3.7. Arkema Group
- 8.3.8. Vale Fertilizantes S.A.
- 8.3.9. Solvay S.A.
- 8.3.10. The Mosaic Company

Chapter 9. Research Process 9.1. Research Process

9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing

9.2. Research Attributes