Sulfuric Acid Market - global growth, trends and forecast (2022 - 2027) by types, by application, by regions and by key players: Mosaic Co (Nyse: Mos), Nutrien Ltd (Nyse: Ntr), G City Ltd, Basf Se (Bit: Basf),

The global Sulfuric Acid Market will register an 8% cagr in terms of revenue, the global market size will reach us$ 19.2 million by 2027.

Sulfuric Acid Market Overview

Sulfuric acid is one of the most common industrial compounds on the planet. The largest end-use market for sulfuric acid is fertiliser manufacturing, particularly phosphate fertiliser manufacture from wet-process phosphoric acid, which will account for more than 60% of total global demand in 2020. Due to the rapid expansion of metal leaching and steel pickling applications, this percentage is likely to decline slightly through 2025. In addition, as the demand for electric vehicles grows, the usage of sulfuric acid in automobile batteries will grow, resulting in a new application in the coming years. Increased use of sulfuric acid in the production of nutrient-dense agricultural crops will also improve the market.

Sulfuric acid's molecular formula is H2SO4. It's classified as a corrosive mineral acid having a high corrosive potential. Sulfuric acid is a viscous liquid that is water soluble and varies in colour from yellow to colourless depending on its concentration. Commercially essential compounds such as hydrochloric acid, nitric acid, sulphate salts, synthetic detergents, dyes, pigments, explosives, and pharmaceuticals are all made with sulfuric acid.

The sulfuric acid market is segmented on the basis of raw material, form, manufacturing process, distribution channel, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Who are the major players in Sulfuric Acid Market?

Top key players in the Sulfuric Acid market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Sulfuric Acid market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Mosaic Co (Nyse: Mos), Nutrien Ltd (Nyse: Ntr), G City Ltd, Basf Se (Bit: Basf), Dupont De Nemours Inc (Nyse: Dd), Aurubis Ag (Etr: Nda), Maaden, Ocp, Phosagro, Chemtrade Logistics, Akzonobel, Ineos, Pvs Chemicals and other.

Industry news;

BASF, Zhejiang Jiahua Energy Chemical Industry Co. Ltd. and Zhejiang Jiafu New Material Technology Co. Ltd. to further expand production capacity of electronic-grade sulfuric acid plant in China

July 28, 2021 – BASF, Zhejiang Jiahua Energy Chemical Industry Co. Ltd. (“Jiahua”) and its fully-owned subsidiary Zhejiang Jiafu New Material Technology Co. Ltd (“Jiafu”) signed an agreement to further expand the production capacity of electronic-grade sulfuric acid in Jiaxing, China. This double-digit million-euro investment will more than double the company’s existing sulfuric acid production capacity in China to serve the country’s fast-growing semiconductor industry. The site expansion is planned to be completed by 2023.

What are the major applications, types and regions for Sulfuric Acid Market?

Market is segmented based on the type, applications, companies and regions.

By type, Sulfuric Acid Market has been segmented into 

• Elemental Sulfur


• Base Metal Smelters


• Pyrite Ore


• Others

The end user’s industry application on Sulfuric Acid Market is, 

• Fertilizers


• Chemical Manufacturing


• Metal Processing


• Petroleum Refining


• Textile Industry


• Automotive


• Pulp & Paper


• Others

Sulfuric Acid market regional analysis

In 2016, Asia Pacific was the largest regional segment, accounting for over 46% of total revenue. Sulfuric acid product offers in this region are expected to grow as China and Japan increase sulphur production. Over the projected period, rising demand for H2SO4 in the Philippines and Indonesia is expected to enhance the Asia Pacific regional market.

In 2018, North America held a sizable part of the global sulfuric acid market. This is due to rising demand for sulfuric acid in fertiliser manufacturing, which is likely to propel the sulfuric acid market in North America forward. According to the Food and Agriculture Organization, the United States consumed 40 million tonnes of phosphate fertiliser in 2012, up to 42.5 million tonnes in 2016. In this region, rising phosphate fertiliser consumption has resulted in a strong need for sulfuric acid. Furthermore, due to the region's rising industrialization, Central and South America is predicted to have a consistent increase in market share.

North america

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  • Us
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • Uk
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of europe
  
  
  
  


• Asia-pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South korea
  
  
  • Rest of asia-pacific
  
  
  
  


• Rest of the world
  
  
  
  • Middle east & africa
  
  
  • Latin america
  
  
  
  

The Sulfuric Acid market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The global Sulfuric Acid market report also conducted a pestel analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Sulfuric Acid Market report scope?

Key takeaways from this evaluate Sulfuric Acid report

• Evaluate Sulfuric Acid market potential through analyzing growth rates (cagr %), volume (units) and value ($m) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, swot and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Sulfuric Acid market entropy - m&a's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Frequently asked questions

What is the study period of this Market?

The Sulfuric Acid market is studied from 2017 - 2027.

What is the growth rate of Sulfuric Acid Market?

The Sulfuric Acid market is growing at a cagr of 8% over the next 5 years.

Who are the key players in Sulfuric Acid Market?

Mosaic Co (Nyse: Mos), Nutrien Ltd (Nyse: Ntr), G City Ltd, Basf Se (Bit: Basf), Dupont De Nemours Inc (Nyse: Dd), Aurubis Ag (Etr: Nda), Maaden, Ocp, Phosagro, Chemtrade Logistics, Akzonobel, Ineos, Pvs Chemicals

What regions does this Sulfuric Acid Market report covers?

North america (the United States, canada, and mexico)

europe (germany, france, uk, russia, and italy)

asia-pacific (china, japan, korea, india, and southeast asia)

south america (brazil, argentina, colombia, etc.)

The middle east and africa (saudi arabia, uae, egypt, nigeria, and south africa)

What are the significant types of Sulfuric Acid Market?

Elemental Sulfur, Base Metal Smelters, Pyrite Ore, Others

What are the major end-use applications of the Sulfuric Acid Market?

Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper, Others

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