Sulphuric Acid Market Size , Market Growth , Raw Material Type, By Application, By Geographic Scope And Forecast TO 2027|

Global Sulphuric acid market was valued at USD 11.4 billion in 2020 and is projected to reach at USD 14.6 billion by 2027 with CAGR of 4.2% during forecast period.
According to the 2020 annual report published by the International Fertilizer Association (IFA), the fertilizer industry is poised to observe an impressive investment of close to $110 billion with more than 65 new production units between 2020 and 2021. Sulphuric acid is widely used to make fertilizers, and so, the expansion of the fertilizer industry will lead to an amplified demand influx in the sulphuric acid market that was valued to be around $8.54 billion in 2020. Furthermore, the demand for sulphuric acid is estimated to grow with a modest compound annual growth rate (CAGR) of 2.5% during the forecast period of 2020 to 2027.

Due to the superfluous population density in APAC, the agricultural sector is making strides in the region to fulfill the catapulting demand for food. Subsequently, sulphuric acid which finds application in the agricultural sector is observing an augmented demand. Additionally, there is a gamut of chemical industries in APAC, and sulphuric acid is the most important industrial chemical used in the manufacturing process of various chemicals such as hydrochloric acid and nitric acid. Owing to the fact that APAC is also witnessing a massive growth in the pharmaceutical sector which is also a sulphuric acid marketplace, the region bore a majority share of 36% in 2020.

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Key players
Mosaic Company
PotashCorp
Groupe Chimique Tunisien
Maaden - Saudi Arabian Mining Company and OCP Group
PVS Chemicals
Aurubis
Chemtrade Logistics Income Fund
BASF SE
Akzonoble NV

Types
Lead Chamber Process
Contact Process
Wet Sulfuric Acid Process
Others

Applications
Phosphate Fertilizers
Chemical Manufacturing
Agricultural Chemistry
Electrolyte in Lead-Acid Storage Battery
Metal Processing
Others

By Regions/Countries:
North America
United States
Canada
Mexico

East Asia
China
Japan
South Korea

Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Netherlands
Switzerland
Poland

South Asia
India
Pakistan
Bangladesh

Southeast Asia
Indonesia
Thailand
Singapore
Malaysia
Philippines
Vietnam
Myanmar

Middle East
Turkey
Saudi Arabia
Iran
United Arab Emirates
Israel
Iraq
Qatar
Kuwait
Oman

Africa
Nigeria
South Africa
Egypt
Algeria
Morocoo

Oceania
Australia
New Zealand

South America
Brazil
Argentina
Colombia
Chile
Venezuela
Peru
Puerto Rico
Ecuador

Rest of the World
Kazakhstan

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The Sulphuric Acid market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Sulphuric Acid in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Sulphuric Acid Market
Chapter 5. Global Sulphuric Acid Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global Sulphuric Acid Market Overview, By Distribution Channel, 2015 - 2027(USD Million)
Chapter 7. Global Sulphuric Acid Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 8. North America Sulphuric Acid Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 9. Europe Sulphuric Acid Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific Sulphuric Acid Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Sulphuric Acid Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 12. South America Sulphuric Acid Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Sulphuric Acid Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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