The global sulfuric acid market is growing at a considerable CAGR of 2.3% during the forecast period (2021-2027). The major factors that are augmenting the growth of sulfuric acid market share are rising demand in the industrial and fertilizer industry by raw material manufacturers across the globe. Furthermore, its uses in chemical manufacturing industries for making phosphate fertilizers and in automotive industries for batteries have also contributed to the growth of the sulfuric acid market. Being one of the most important elements of industrial raw materials, sulfuric acid has been considered one of the best products for increasing the nation’s industrial development owing to its applications and features which it provides. Owing to urbanization, there has been decreasing availability of fertile land agricultural practices and the availability will decrease in future years too. Therefore, the demand for fertilizers will increase which will further lead to an increase in demand for sulfuric acid as it key raw material used in the manufacture of commercial fertilizers.
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The market is segmented based on application, manufacturing process, and type of acid. By application, the market is segmented into chemicals manufacturing, metal processing, textile industry, paper & sugar industry, automotive industry, fertilizer industry, and other (power generation). Based on the manufacturing process segment, the market is segmented into contact process, wet sulfuric acid process, others (metabisulfite method and more). Further bases on the type of raw materials, the market is segmented into elemental Sulfur, pyrite ore, base metal smelters, and others.
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The global sulfuric acid market is analyzed based on the geographical regions that are contributing significantly to the growth of the market. Based on the geography, the market is bifurcated into North America (the US and Canada), Europe (Germany, Spain, Italy, France, the UK, and the Rest of Europe), Asia-Pacific (India, China, Japan South Korea, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). North America is estimated to contribute a significant share in the global sulfuric acid market. Canada is one of the largest sulfuric acid producers in the world due to the more number of agro-based industries.
Global Sulfuric Acid Market – Segmentation
By Application
Chemicals Manufacturing
Metal Processing
Textile Industry
Paper & Sugar Industry
Automotive Industry
Fertilizer Industry
Other (Power Generation)
By Manufacturing Processes
Contact Process
Wet Sulfuric Acid Process
Other (Metabisulfite Method and More)
By Raw Materials
Elemental Sulfur
Pyrite Ore
Base Metal Smelters
Others
Global Sulfuric Acid Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Agrium, Inc.
Atul Ltd.
AKZO Nobel NV
Aurubis AG
BASF SE
Chemtrade Logistics, Inc.
Dulany Industries, Inc.
DuPont de Nemours, Inc.
Evonik Industries AG
Honeywell International Inc.
HUGO PETERSEN GmbH
INEOS Capital Ltd.
Khaitan Chemicals & Fertilizers Ltd.
Nutrien Ltd.
PhosAgro Group of Companies
PQ Corp.
PVS Chemicals, Inc.
SNC-Lavalin Group
Yara International
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