The global market for the Sulfuric Acid is anticipated to develop at a compound annual growth rate (CAGR) of 11.7% throughout the course of the forecast, to reach USD 28.5 billion by 2027.
The sulfuric acid market across the globe is majorly driven by the rising demand for sulfur based fertilizers. Rising demand for sulfuric acid in the oil & gas industry and waste water treatment is expected to drive the sulfuric acid market over the forecasted period. Major restraints towards global sulfuric acid market’s growth include stringent government regulations that are restricting its use and high cost of raw material. Some other factors hindering sulfuric acid market growth market growth include effects over the health of human beings for example skin problems, irritation in eyes and others.
The global sulfuric acid market share is drived by the countries of Europe and North American regions. However, markets in Latin America market are also probable of growing at a notable CAGR because of the rapid industrialization. Moreover, the Asia-Pacific market is expected to dominate the overall market over the forecast period because of the rising demand of consumer products mainly from China, Japan and India.
Key players in the competitive landscape of the sulfuric acid market across the globe are updating their products through various innovations, expansions as well as mergers & acquisitions with the intention of expanding their geographical boundaries. Further, various companies operating in sulfuric acid market are concentrating over introducing different applications for the product so as to increase sulfuric acid market shares.
Key company profile in the Global Sulfuric Acid Market Are Chemtrade Refinery, The Mosaic, Tampa Electric, Lucite International, Valero Energy, Solvay, Climax Molybdenum, BASF, DuPont, Akzonobel N.V., Agrium, Akzo Nobel, Bayer, Bp, Chevron, Cytec Industries, Dupont, Evonik Industries, Honeywell, Solvay.
Furthermore, Global Sulfuric Acid market has been segmented by different application, manufacturing process and regions. Further, these segments are bifurcated to sub segments.
Sulfuric Acid Market Scope
|Forecast Unit||Value (USD)|
|Segment Covered||By Application, By Manufacturing Process:, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Chemtrade Refinery, The Mosaic, Tampa Electric, Lucite International, Valero Energy, Solvay, Climax Molybdenum, BASF, DuPont, Akzonobel N.V.|
???Key segments of the Sulfuric Acid Market
by raw material, 2022 to 2030 (USD Billion)
- Elemental Sulfur
- Pyrite Ores
- Base Metal Smelters
By Application, 2022 to 2030 (USD Billion)
- Phosphate Fertilizers
- Chemical Manufacturing
- Agricultural Chemistry
- Electrolyte in Lead-Acid Storage Battery
- Metal Processing, Others
By Type, 2022 to 2030 (USD Billion)
- Dilute Sulphuric Acid, Battery Acid
- Concentrated Sulphuric Acid
- Chamber Acid
Region Overview, 2022 to 2030 (USD Billion)
- North America
- United States of America
- the Netherlands
- The United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America