The global Sulfuric Acid market reached a value of about 288.67 MMT in 2021. The industry is projected to grow at a CAGR of around 1.5% in the forecast period of 2022-2027 to reach a value of about 315.67 MMT by 2027.
The rising usage of sulfuric acid in numerous end-user applications like fertilisers, chemical manufacture, metal processing, petroleum refining, the textile industry, automobiles, and pulp and paper is propelling the industry demand. The global Sulfuric Acid industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. In the industry report, the critical demand indicator is the highest category spender by region—Asia Pacific.
Sulfuric acid or sulphuric acid, often known as oil of vitriol in antiquity, is a mineral acid made up of the elements sulphur, oxygen, and hydrogen. It's a colourless, odourless, viscous liquid that's water-miscible. It's used to manufacture fertilisers and other chemicals in petroleum refining, iron and steel manufacturing, and various other applications. The Sulfuric Acid industry report comprises segments by end-use (fertilisers, chemicals) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
The Asia-Pacific region is likely to lead the sulfuric acid market, and this is due to increased population, food consumption, increased development activities. Furthermore, the industry is witnessing further growth by putting up production facilities to suit the region's growing need for sulfuric acid, a developing chemical sector, widely available raw materials, and rising sulphur output from China and Japan. North America is the most frequent user, followed by Latin America, Europe, and the Middle East.
The industry is being propelled by the product's application in the agriculture sector. The acid is used in large amounts to generate phosphoric acid, which is needed to make phosphate-based fertilisers like mono ammonium phosphate (MAP) and diammonium phosphate (DAP). Fertiliser consumption is expected to rise fast as farmers expect higher yields and as the availability of fertile land for agricultural activities decreases as a result of expanding urbanisation. Increased use of sulfuric acid in nutrient-dense crops will also improve the market.
However, due to strict government regulations on the use of sulfuric acid, the market can be affected negatively.
The global Sulfuric Acid industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Sulfuric Acid regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The contact method produces sulfuric acid from sulphur, oxygen, and water. Sulphur is burnt in the first phase to create sulphur dioxide. In the presence of a vanadium(V) oxide catalyst, this is then oxidised to sulphur trioxide. Finally, the sulphur trioxide is processed with water to generate 98-99 percent sulfuric acid (97-98 percent H2SO4 with 2-3 percent water). Due to the highly exothermic nature of the reaction, directly dissolving SO3 in water is impracticable. Instead of a liquid, mists develop. Alternatively, the SO3 can be absorbed into H2SO4 to make oleum (H2S2O7), which can be diluted to produce sulfuric acid. When oleum reacts with water, it produces concentrated H2SO4.
The compound finds extensive use in other major industries; it is a common solvent for the chemical synthesis of various active medicinal compounds. Alkylating agents, most commonly used to treat cancer in chemotherapy, are among the most common types of medicinal chemicals made using sulfuric acid. Sulfuric acid is also utilised as a catalyst in several industrial chemical processes, such as caprolactam from cyclohexanone and isooctane from isobutene and isobutylene, among others. In addition, as the demand for electric cars grows, the usage of sulfuric acid in automobile batteries will grow, resulting in market growth. The paper and pulp industry's increasing usage of sulphuric acid is predicted to propel the sulphuric acid market forward. In the pulp and paper industry, sulfuric acid creates chlorine dioxide, splits tall oil, and changes pH. Sulfuric acid is commonly used in the petroleum refining industry to remove impurities from gasoline and other refinery products. Pickling (cleaning) iron and steel before plating with tin or zinc is one application of sulfuric acid. In the textile industry, sulfuric acid is also used to make rayon. Rayon is created by dissolving wood cellulose fibres in a Tetra Amine Copper (II) solution, resulting in a viscous blue liquid. As a result, the market for sulphuric acid is likely to rise even faster.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Growing sulfuric acid providers in Saudi Arabia are likely to boost the Middle East regional market due to the availability of a high number of acid production facilities to support phosphate expansion. Over the years, factors such as a rise in the number of efforts made by DuPont, Outotec, and Sumitomo Corporation to expand their plant facilities, improve distribution networks, and expand processing capabilities are expected to boost the sulfuric acid market.
1. Executive Summary
2. Sulfuric Acid Market Snapshot
2.1. Sulfuric Acid Market Outlook
2.2. Sulfuric Acid Category Analysis by Raw Material
2.2.1. Pyrite Ore
2.2.2. Elemental Sulfur
2.3. Sulfuric Acid Category Analysis by Form
2.3.1. Concentrated (98%)
2.3.2. Tower/Glover Acid (77.67%)
2.3.3. Chamber/Fertilizer Acid (62.8%)
2.3.4. Battery Acid (33.5%)
2.3.5. 66 Degree Baume Sulfuric Acid (93%)
2.3.6. Dilute Sulfuric Acid (10%)
2.4. Sulfuric Acid Category Analysis by End Use Industry
2.4.2. Chemical and Pharmaceutical
2.4.4. Petroleum Refining
2.5. Regional Overview
2.5.1. North America
2.5.3. Asia Pacific
2.5.4. Latin America
2.5.5. Middle East and Africa
3. Impact of Recent Events
4. Sulfuric Acid Value Chain Analysis
5. Sulfuric Acid Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Sulfuric Acid Cost Structure
9. Sulfuric Acid Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Sulfuric Acid Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Aarti Industries Ltd.
15.2. Aurubis AG
15.3. BASF SE
15.4. Boliden AB
15.5. Brenntag SE
15.6. Lanxess AG
The global Sulfuric Acid market size was valued at 288.67 MMT in 2021.
As per the application provided, the fertiliser segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for the compound to manufacture fertiliser is one of the important drivers of the Sulfuric Acid market growth.
Yara International, CF Industries, Formosa Plastics Corp., Chevron Phillips, and ExxonMobil are some of the main companies in the market.
The Asia Pacific region of the Sulfuric Acid industry holds a significant share in the market.
The global Sulfuric Acid market attained a value of 288.67 MMT in 2021, driven by the application of the acid in the production of fertilisers. Aided by the growing employment in a wide range of industries such as pharmaceuticals, chemical processing, automotive, paper and pulp, the market is expected to witness further growth in the forecast period of 2022-2027, a CAGR of 1.5%. The market is projected to reach 315.67 MMT by 2027.
Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.
We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.
Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.
Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.
Email Delivery Price: $ 999.00
The global nutmeg market reached a value of about 130 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 6% in the forecast period of 2022-2027 to reach a value of around 180 thousand tonnes by 2027.Read More
Email Delivery Price: $ 999.00
The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.Read More
Email Delivery Price: $ 999.00
The global Artificial Intelligence market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.Read More