Sulfuric Acid Market will be Projected at USD 25,898,281.42 Thousand During the Forecast by 2029

Sulfuric Acid Market Is a strong acid with hygroscopic characteristics and oxidizing properties. It is used in the fertilizer, chemical, synthetic textile, and pigment industries. Other applications include manufacturing batteries metal pickling, among other industrial manufacturing processes. In market sulfuric acid is available in different concentration grades such as 98%, 96.5%, 76%, 70% and 38%.

A large quantity of sulfuric acid produces potassium sulfates and fertilizers.Sulfuric acid is a highly corrosive, colorless viscous liquid and one of the most used chemicals in various fertilizer, pulp & paper, mining, and chemical industries. The largest amount of sulfuric acid is used to make phosphoric acid, used, in turn, to make the phosphate fertilizers, calcium dihydrogen phosphate, and ammonium phosphates. It is also used to make ammonium sulfate, an essential fertilizer in sulfur-deficient.Increasing demand for fertilizers in the agriculture industry and the growing demand for sulfuric acid across various industries are some of the drivers boosting sulfuric acid demand in the market. Data Bridge Market Research analyses that the sulfuric acid market is expected to reach the value of USD 25,898,281.42 thousand by the year 2029, at a CAGR of 3.4% during the forecast period.

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Sulfuric acid is a colorless, odorless, and viscous liquid soluble in water at all concentrations. It is a strong acid made by oxidizing sulfur dioxide solutions and used in large quantities as an industrial and laboratory reagent. Sulfuric acid or sulphuric acid, also known as oil of vitriol, is a mineral acid composed of sulfur, oxygen, and hydrogen, with molecular formula H₂SO₄ and melting point is 10 °C, the boiling point is 337 °C. The Asia-Pacific is the largest consumer of fertilizers due to the increased demand for sulfuric acid based fertilizers in the region.

Major Players in Sulfuric Acid markets are:

LANXESS (Cologne, Germany), Brenntag GmbH (a subsidary of Brenntag SE) (Essen, Germany), Boliden Group (Stockholm, Sweden), Adisseo (Antony, France), Veolia (Paris, France), Univar Solutions Inc (Illinois, U.S.), NORAM Engineering & Construction Ltd. (Vancouver, Canada), Nouryon (Amsterdam, the Netherlands), International Raw Materials LTD (Pennsylvania, U.S.), Eti Bakır (Kastamonu, Turkey), ACIDEKA SA (Vizcaya, Spain), Airedale Chemical Company Limited.( North Yorkshire, U.K.), BASF SE (Ludwigshafen, Germany), Aguachem Ltd (Wrexham, U.K.), Feralco AB (Widnes, U.K.), Fluorsid (Milan, Italy), Aurubis AG (Hamburg, Germany), Nyrstar (Budel, The Netherlands), Merck KGaA (Darmstadt, Germany), Shrieve (Texas, U.S.)

Global Sulfuric Acid Market Segmentation:

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.

Raw Material

Base Metal Smelters
Elemental Sulfur
Pyrite Ore

On the basis of raw material, the sulfuric acid market is segmented into base metal smelters, elemental sulfur, pyrite ore, and others. Elemental sulfur accounts for the largest market, and are expected to witness high growth owing to the abundant availability of sulfur across the globe.

Form

Concentrated (98%)
Tower/Glover Acid (77.67%)
Chamber/Fertilizer Acid (62.8%)
Battery Acid (33.5%)
66 Degree Baume Sulfuric Acid (93%)
Dilute Sulfuric Acid (10%)

On the basis of form, the sulfuric acid market is segmented into concentrated (98%), tower/glover acid (77.67%), chamber/fertilizer acid (62.8%), battery acid (33.5%), 66 degree baume sulfuric acid (93%) and dilute sulfuric acid (10%). Chamber/fertilizer acid (62.8%) accounts for the largest market, and is expected to witness high growth as it is available with a high acidic range and drops the soil's pH level, which improves the uptake of nutrients.

Manufacturing Process

Contact Process
Lead Chamber Process
Wet Sulfuric Acid Process
Metabisulfite Process
Others
On the basis of manufacturing process, the sulfuric acid market is segmented into contact process, lead chamber process, wet sulfuric acid process, metabisulfite process, and others. The contact process accounts for the largest market, and is expected to witness high growth as it lowers the emission of harmful gases during the production of sulfuric acid.

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Distribution Channel

Offline
Online
On the basis of distribution channel, the global sulfuric acid market is segmented into offline and online. The offline segment accounts for the largest market, and is expected to witness high growth as transporting the bulk quantity to the nearby country is easy.

Application

Fertilizers
Chemical Manufacturing
Petroleum Refining
Metal Processing
Automotive
Textile
Drug Manufacturing
Pulp & Paper
Industrial

On the basis of application, the sulfuric acid market is segmented into fertilizers, chemical manufacturing, petroleum refining, metal processing, automotive, textile, drug manufacturing, pulp & paper, industrial, and others. The fertilizers are expected to dominate the application segment as the demand for sulfuric fertilizers increases for crop plantation and soil fertility.

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Sulfuric acid Market Regional Analysis/Insights

The sulfuric acid market is analyzed and market size insights and trends are provided by country, raw material, form, manufacturing process, distribution channel, and application as referenced above.

The countries covered in the sulfuric acid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the sulfuric acid market because of the presence of a large number of manufacturers and increasing demand from various industries such as chemical manufacturing fertilizers, among others. Asia-Pacific is followed by Europe and is expected to witness significant growth during the forecast period of 2022 to 2029 due to growing demand for batteries in the automotive industry in the region. Europe is followed by North America and is expected to grow significantly owing to the availability of abundance of sulfur as a raw material.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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