Sulfuric Acid Market Demand AnD Growth By 2030

 The global sulfuric acid market size was USD 14.89 Billion in 2021 and is expected to register a revenue CAGR of 11.7% over the forecast period, according to the latest report by Reports and Data.

Rising demand for sulfuric acid in downstream chemical and industrial applications and increasing application in the agricultural sector in the production of processed phosphate fertilizers are key factors behind the revenue growth of the global sulfuric acid market. Sulfuric acid is an important industrial chemical used in the production of various raw materials for various applications. In the pulp and paper industry, sulfuric acid is used to generate chlorine dioxide, crack heavy oil, and adjust pH. More than 1 million tonnes of sulfuric acid are produced annually in the UK and another 40 million tonnes annually in the United States. Around 180 million tons of sulfuric acid are produced annually worldwide.

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Top Leading Players: BASF SE, DuPont, Trident Limited, AkzoNobel N.V., The Chemical Company, Aurubis AG, Shrieve, Agrium, Inc., PVS Chemical Solution, and Chemtrade Logistics.

Key Companies in the market include:

  • Based on regional analysis, the North American sulfuric acid market accounted for the largest revenue share in the global market in 2021, owing to increasing demand for fertilizer manufacturing, inorganic chemical manufacturing, and increasing applications in the automotive industry. According to the Observatory of Economic Complexity (OEC), Canada is the world's leading producer and exporter of sulfuric acid. Sulfuric acid exports from Canada, which account for more than 20% of her total international trade, reached US$115 million in 2017.
  • Most of the chemicals sold by Canadian sulfuric acid companies are now exported to agribusiness countries. Canada is the world's largest exporter of sulfuric acid in her 2020, exporting US$152 million worth of sulfuric acid abroad. Sulfuric acid was Canada's 268th most exported commodity in the same year. Moreover, the presence of key market players in the region is a key factor driving the revenue growth of this market in the region.
  • On October 27, 2021, Nuberg EPC, the world's leading EPC and turnkey project management organization, was awarded major sulfuric acid plant projects in Gamatha, Egypt and Oromia, Ethiopia. Based on EPC and LSTK, 50 TPD + 40 TPD sulfuric acid purification projects of aluminum sulfate in Ethiopia and STG rating of 500 MTPD + 5 MW in Egypt have been won.
  • On November 16, 2021, Coromandel International Limited, India's second largest producer of phosphorous fertilizers and a member of the Murugappa Group, kicked off a project to build a new sulfuric acid plant with an investment of $48 million. announced. A day at the fertilizer complex in Visakhapatnam.

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)

Europe (Italy, U.K., Germany, France, Rest of Europe)

Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

 

Key questions covered in the global Sulfuric Acid market report:

·         What is the expected market size of the global Sulfuric Acid market during the forecast period?

·         What factors are expected to hamper global Sulfuric Acid market growth over the forecast period?

·         What key factors are expected to drive global revenue growth between 2021 and 2028?

·     Which application segment is expected to dominate other application segments over the forecast period?

·         Which region is expected to dominate in terms of revenue during the forecast period?

·         What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?

·         Which leading players are operating in the global Sulfuric Acid market?

Segments covered in the report:

Type of Raw Material Outlook (Revenue, USD Billion; 2019-2030)

  • Base metal smelters
  • Pyrite ore
  • Elemental Sulfur
  • Others

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Chemical Manufacturing
  • Fertilizer Production
  • Metal Processing
  • Petroleum Refining
  • Textile Industry
  • Others

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