Sulfuric Acid Market

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