Sulfuric Acid Market Key Findings by 2031
The Sulfuric Acid Market is expected to register a CAGR of 10% from 2024 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by raw material (elemental sulfur, pyrite ores, others). The report further presents analysis based on application (agriculture, metal processing, pulp and paper, petroleum refining, chemical manufacturing, water treatment, others). Global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The report offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Sulfuric Acid Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Sulfuric Acid Market Segmentation
Raw Material- Elemental Sulfur
- Pyrite Ores
- Agriculture
- Metal Processing
- Pulp and Paper
- Petroleum Refining
- Chemical Manufacturing
- Water Treatment
Strategic Insights
Sulfuric Acid Market Growth Drivers- Growing Demand from Fertilizer Industry: The sulfuric acid market is primarily driven by its widespread use in fertilizer production, particularly for manufacturing phosphatic fertilizers. As global agricultural output rises to meet the increasing food demand, sulfuric acid remains a key component in fertilizer production, ensuring its sustained market growth.
- Expansion in Chemical Manufacturing: Sulfuric acid is essential in various chemical processes, such as petroleum refining, metal processing, and manufacturing chemicals like detergents and dyes. The expansion of the chemical industry, especially in emerging economies, is a significant driver for sulfuric acid demand as these industries require it for numerous applications.
- Increased Industrialization and Urbanization: As industrialization and urbanization accelerate in developing regions, the demand for sulfuric acid rises. It is critical in various industries, including construction, automotive, and energy, where it is used for refining metals, cleaning, and processing, supporting the growth of the sulfuric acid market globally.
- Shift Towards Green Technologies: The sulfuric acid market is witnessing a trend toward more sustainable production methods, such as the development of environmentally friendly processes like the Contact Process. Increased environmental awareness is pushing industries to adopt cleaner, more energy-efficient methods for producing sulfuric acid, reducing emissions and waste.
- Increased Demand for Battery Production: With the rise of electric vehicles (EVs) and renewable energy storage, sulfuric acid is increasingly used in battery production, particularly in lead-acid batteries. This trend is driving market growth as the demand for EVs and energy storage systems continues to grow globally, especially in industrial sectors.
- Growing Applications in Metal Processing: Sulfuric acid is increasingly used in metal processing industries, including copper, aluminum, and zinc refining. The demand for sulfuric acid in hydrometallurgical applications is on the rise, driven by the need for efficient metal extraction and the expansion of the mining industry in emerging economies.
- Expansion in Emerging Markets: As industrialization accelerates in developing economies, the demand for sulfuric acid in various sectors such as agriculture, chemicals, and mining is rising. This provides significant growth opportunities for sulfuric acid producers to expand their reach in regions like Asia-Pacific, Africa, and Latin America.
- Sustainable Production Techniques: The growing focus on sustainability creates an opportunity for sulfuric acid manufacturers to adopt cleaner, more energy-efficient production methods. By implementing green technologies such as waste-heat recovery or reducing emissions, companies can meet stringent environmental regulations and appeal to eco-conscious consumers and industries.
- Increase in Renewable Energy Storage: The demand for sulfuric acid in the production of lead-acid batteries for energy storage systems is expected to rise, particularly in the renewable energy sector. As solar and wind energy gain traction, sulfuric acid manufacturers can capitalize on this opportunity by supplying the materials needed for efficient battery storage.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Sulfuric Acid Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Sulfuric Acid Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Based on geography, North America held the largest share of the sulfuric acid market.
Akzonobel N.V, Atul Ltd., Aurubis AG, BASF SE, DuPont de Nemours, Inc., Ineos Enterprises, Limited, OCP Group, Phosagro, PVS Chemicals, Inc., and The Mosaic Company are the key players operating in the sulfuric acid market.
On the basis of geography, thesulfuric acid market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Its widespread use in industries like chemical production, refining, and metal processing further fuels the sulfuric acid market's growth.
The Sulfuric Acid Market is estimated to witness a CAGR of 10% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sulfuric Acid Market - By Raw Material
1.3.2 Sulfuric Acid Market - By Application
1.3.3 Sulfuric Acid Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SULFURIC ACID MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SULFURIC ACID MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SULFURIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. SULFURIC ACID - GLOBAL MARKET OVERVIEW
6.2. SULFURIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SULFURIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - RAW MATERIAL
7.1. OVERVIEW
7.2. RAW MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. ELEMENTAL SULFUR
7.3.1. Overview
7.3.2. Elemental Sulfur Market Forecast and Analysis
7.4. BASE METAL SMELTERS
7.4.1. Overview
7.4.2. Base Metal Smelters Market Forecast and Analysis
7.5. PYRITE ORE
7.5.1. Overview
7.5.2. Pyrite Ore Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SULFURIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FERTILIZERS
8.3.1. Overview
8.3.2. Fertilizers Market Forecast and Analysis
8.4. CHEMICAL MANUFACTURING
8.4.1. Overview
8.4.2. Chemical Manufacturing Market Forecast and Analysis
8.5. METAL PROCESSING
8.5.1. Overview
8.5.2. Metal Processing Market Forecast and Analysis
8.6. PETROLEUM REFINING
8.6.1. Overview
8.6.2. Petroleum Refining Market Forecast and Analysis
8.7. TEXTILE INDUSTRY
8.7.1. Overview
8.7.2. Textile Industry Market Forecast and Analysis
8.8. AUTOMOTIVE
8.8.1. Overview
8.8.2. Automotive Market Forecast and Analysis
8.9. PULP AND PAPER
8.9.1. Overview
8.9.2. Pulp and Paper Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. SULFURIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sulfuric Acid Market Overview
9.1.2 North America Sulfuric Acid Market Forecasts and Analysis
9.1.3 North America Sulfuric Acid Market Forecasts and Analysis - By Raw Material
9.1.4 North America Sulfuric Acid Market Forecasts and Analysis - By Application
9.1.5 North America Sulfuric Acid Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sulfuric Acid Market
9.1.5.1.1 United States Sulfuric Acid Market by Raw Material
9.1.5.1.2 United States Sulfuric Acid Market by Application
9.1.5.2 Canada Sulfuric Acid Market
9.1.5.2.1 Canada Sulfuric Acid Market by Raw Material
9.1.5.2.2 Canada Sulfuric Acid Market by Application
9.1.5.3 Mexico Sulfuric Acid Market
9.1.5.3.1 Mexico Sulfuric Acid Market by Raw Material
9.1.5.3.2 Mexico Sulfuric Acid Market by Application
9.2. EUROPE
9.2.1 Europe Sulfuric Acid Market Overview
9.2.2 Europe Sulfuric Acid Market Forecasts and Analysis
9.2.3 Europe Sulfuric Acid Market Forecasts and Analysis - By Raw Material
9.2.4 Europe Sulfuric Acid Market Forecasts and Analysis - By Application
9.2.5 Europe Sulfuric Acid Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sulfuric Acid Market
9.2.5.1.1 Germany Sulfuric Acid Market by Raw Material
9.2.5.1.2 Germany Sulfuric Acid Market by Application
9.2.5.2 France Sulfuric Acid Market
9.2.5.2.1 France Sulfuric Acid Market by Raw Material
9.2.5.2.2 France Sulfuric Acid Market by Application
9.2.5.3 Italy Sulfuric Acid Market
9.2.5.3.1 Italy Sulfuric Acid Market by Raw Material
9.2.5.3.2 Italy Sulfuric Acid Market by Application
9.2.5.4 United Kingdom Sulfuric Acid Market
9.2.5.4.1 United Kingdom Sulfuric Acid Market by Raw Material
9.2.5.4.2 United Kingdom Sulfuric Acid Market by Application
9.2.5.5 Russia Sulfuric Acid Market
9.2.5.5.1 Russia Sulfuric Acid Market by Raw Material
9.2.5.5.2 Russia Sulfuric Acid Market by Application
9.2.5.6 Rest of Europe Sulfuric Acid Market
9.2.5.6.1 Rest of Europe Sulfuric Acid Market by Raw Material
9.2.5.6.2 Rest of Europe Sulfuric Acid Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sulfuric Acid Market Overview
9.3.2 Asia-Pacific Sulfuric Acid Market Forecasts and Analysis
9.3.3 Asia-Pacific Sulfuric Acid Market Forecasts and Analysis - By Raw Material
9.3.4 Asia-Pacific Sulfuric Acid Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Sulfuric Acid Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sulfuric Acid Market
9.3.5.1.1 Australia Sulfuric Acid Market by Raw Material
9.3.5.1.2 Australia Sulfuric Acid Market by Application
9.3.5.2 China Sulfuric Acid Market
9.3.5.2.1 China Sulfuric Acid Market by Raw Material
9.3.5.2.2 China Sulfuric Acid Market by Application
9.3.5.3 India Sulfuric Acid Market
9.3.5.3.1 India Sulfuric Acid Market by Raw Material
9.3.5.3.2 India Sulfuric Acid Market by Application
9.3.5.4 Japan Sulfuric Acid Market
9.3.5.4.1 Japan Sulfuric Acid Market by Raw Material
9.3.5.4.2 Japan Sulfuric Acid Market by Application
9.3.5.5 South Korea Sulfuric Acid Market
9.3.5.5.1 South Korea Sulfuric Acid Market by Raw Material
9.3.5.5.2 South Korea Sulfuric Acid Market by Application
9.3.5.6 Rest of Asia-Pacific Sulfuric Acid Market
9.3.5.6.1 Rest of Asia-Pacific Sulfuric Acid Market by Raw Material
9.3.5.6.2 Rest of Asia-Pacific Sulfuric Acid Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sulfuric Acid Market Overview
9.4.2 Middle East and Africa Sulfuric Acid Market Forecasts and Analysis
9.4.3 Middle East and Africa Sulfuric Acid Market Forecasts and Analysis - By Raw Material
9.4.4 Middle East and Africa Sulfuric Acid Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Sulfuric Acid Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sulfuric Acid Market
9.4.5.1.1 South Africa Sulfuric Acid Market by Raw Material
9.4.5.1.2 South Africa Sulfuric Acid Market by Application
9.4.5.2 Saudi Arabia Sulfuric Acid Market
9.4.5.2.1 Saudi Arabia Sulfuric Acid Market by Raw Material
9.4.5.2.2 Saudi Arabia Sulfuric Acid Market by Application
9.4.5.3 Rest of Middle East and Africa Sulfuric Acid Market
9.4.5.3.1 Rest of Middle East and Africa Sulfuric Acid Market by Raw Material
9.4.5.3.2 Rest of Middle East and Africa Sulfuric Acid Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sulfuric Acid Market Overview
9.5.2 South and Central America Sulfuric Acid Market Forecasts and Analysis
9.5.3 South and Central America Sulfuric Acid Market Forecasts and Analysis - By Raw Material
9.5.4 South and Central America Sulfuric Acid Market Forecasts and Analysis - By Application
9.5.5 South and Central America Sulfuric Acid Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sulfuric Acid Market
9.5.5.1.1 Brazil Sulfuric Acid Market by Raw Material
9.5.5.1.2 Brazil Sulfuric Acid Market by Application
9.5.5.2 Argentina Sulfuric Acid Market
9.5.5.2.1 Argentina Sulfuric Acid Market by Raw Material
9.5.5.2.2 Argentina Sulfuric Acid Market by Application
9.5.5.3 Rest of South and Central America Sulfuric Acid Market
9.5.5.3.1 Rest of South and Central America Sulfuric Acid Market by Raw Material
9.5.5.3.2 Rest of South and Central America Sulfuric Acid Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SULFURIC ACID MARKET, KEY COMPANY PROFILES
11.1. AKZONOBEL N.V
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ATUL LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AURUBIS AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BASF SE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DUPONT DE NEMOURS, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INEOS ENTERPRISES, LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OCP GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PHOSAGRO
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PVS CHEMICALS, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE MOSAIC COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Akzonobel N.V
2. Atul Ltd.
3. Aurubis AG
4. BASF SE
5. DuPont de Nemours, Inc.
6. Ineos Enterprises, Limited
7. OCP Group
8. Phosagro
9. PVS Chemicals, Inc.
10. The Mosaic Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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