Sulfuric Acid Market, By Raw Material Type, By Application, By Manufacturing Process, By Geography .

Description

The sulfuric acid market is estimated to be valued at USD 26.89 Bn in 2024 and is expected to reach USD 37.01 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 26.89 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	4.70%	2030/2031 Value Projection:	US$ 37.01 Bn

Sulfuric Acid Market Share (%), By Region, 2024

Sulfuric acid is a highly corrosive mineral acid that is colorless, viscous, and soluble in water. It is strongly acidic and acts as an oxidizing agent. Sulfuric acid has various industrial applications including in oil refining, petrochemical manufacturing, pickling, fertilizer production, metal processing, and plastics production. It is manufactured commercially by the contact process, which involves the oxidation of sulfur dioxide in the presence of a vanadium catalyst. The production and demand for sulfuric acid is driven by the chemical processing industry as it has a wide array of uses across various end-user sectors. However, stringent environmental regulations regarding its production and disposal act as a restraint. At the same time, growth in industries such as fertilizers provides new opportunities for market expansion in the coming years.

Market Dynamics:

The key drivers propelling the sulfuric acid market growth include rising demand from the fertilizer industry, recovery in oil production and refining activities, and increasing use in metal processing applications. Sulfuric acid is a crucial intermediate in the production of ammonium phosphate fertilizers, which are majorly consumed for crop cultivation worldwide. Growth in global population and rising food demand have augmented fertilizer consumption, thereby boosting the market revenue. Additionally, recovery in crude oil prices and demand have pushed up refining activities that utilize sulfuric acid, which is supporting market expansion. Further, increasing use of sulfuric acid in metallurgical applications such as hydrometallurgy, surface treatment, and metal extraction act as an opportunity. However, stringent environmental regulations pertaining to sulfur dioxide emissions during manufacturing pose a challenge. Also, availability of substitutes poses competition to some extent.

Key Features of the Study:

This report provides an in-depth analysis of the global sulfuric acid market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global sulfuric acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include PVS Chemicals, BASF SE, Akzo Nobel N.V., DowDuPont Inc., Unigel Group, Boliden Group, Ineos Enterprises Limited, Trident Chemicals, Aurubis AG, Climax Molybdenum B.V., Amal Ltd., The Mosaic Company, Solvay, Agrium Inc., Vizag Chemicals, Bodal Chemicals, HZL India, and Aarti Industries
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global sulfuric acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sulfuric acid market

Market Segmentation

Raw Material Type:
- Pyrite Ore
- Elemental Sulfur
- Base Metal Smelters
- Others
Application:
- Fertilizers
- Pulp & Paper
- Textiles
- Chemical Manufacturing
- Metal Processing
- Automotive Battery Acid
- Petroleum Refining
- Others
Manufacturing Process:
- Pyrite Ore
- Single Contact Process
- Wet Contact Process
- Lead Chamber Process
- Others
Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- PVS Chemicals
- BASF SE
- Akzo Nobel N.V.
- DowDuPont Inc.
- Unigel Group
- Boliden Group
- Ineos Enterprises Limited
- Trident Chemicals
- Aurubis AG
- Climax Molybdenum B.V.
- Amal Ltd.
- The Mosaic Company
- Solvay
- Agrium Inc.
- Vizag Chemicals
- Bodal Chemicals
- HZL India
- Aarti Industries

Product Code: CMI326

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Raw Material Type
- Market Snippet, By Application
- Market Snippet, By Manufacturing Process
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Sulfuric Acid Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Sulfuric Acid Market - COVID-19
Impact Analysis

5. Global Sulfuric Acid Market, By Raw Material Type, 2019-2031 (US$ Bn & MT )

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Pyrite Ore
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Elemental Sulfur
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Base Metal Smelters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )

6. Global Sulfuric Acid Market, By Application, 2019-2031 (US$ Bn & MT )

Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Fertilizers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Pulp & Paper
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Textiles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Chemical Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Metal Processing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Automotive Battery Acid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Petroleum Refining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )

7. Global Sulfuric Acid Market, By Manufacturing Process, 2019 - 2031 (US$ Bn & MT )

Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Single Contact Process
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Wet Contact Process
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Lead Chamber Process
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & MT )

8. Global Hydroponic Vegetables Market, By Region, 2019-2031 (US$ Bn & MT )

Introduction
- Market Share Analysis, By Region, 2022 and 2030(%)
- Y-o-Y Growth Analysis, By Region, 2019 - 2031
North America
- Market Share Analysis, By Country, 2024 and 2031(%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
U.S.
Canada
Europe
- Market Share Analysis, By Country, 2024 and 2031(%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024 and 2031(%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
- Market Share Analysis, By Country, 2024 and 2031(%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
Brazil
Mexico
Rest of Latin America
Middle East
- Market Share Analysis, By Country, 2024 and 2031(%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
GCC Countries
Israel
Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- PVS Chemicals
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- BASF SE
- Akzo Nobel N.V.
- DowDuPont Inc.
- Unigel Group
- Boliden Group
- Ineos Enterprises Limited
- Trident Chemicals
- Aurubis AG
- Climax Molybdenum B.V.
- Amal Ltd.
- The Mosaic Company
- Solvay
- Agrium Inc.
- Vizag Chemicals
- Bodal Chemicals
- HZL India
- Aarti Industries

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact

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