Press release
Sulfuric Acid Market Set to Reach $24.34 Billion by 2029 with 8.4% Yearly Growth
Sulfuric Acid Market Size
In recent years, the market size of sulfuric acid has prominently expanded. There will be an increase from $16.17 billion in 2024 to $17.66 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.2%. Factors contributing to growth during the historical period include the industrial revolution, fertilizer manufacturing, industrialization, infrastructure development, and a surge in battery production.
The market for sulfuric acid is anticipated to witness significant expansion in the coming years, with a projected valuation of $24.34 billion by 2029, and a compound annual growth rate (CAGR) of 8.4%. This projected growth within the forecast period is due to various factors such as optimized supply chain operations, growth of emerging markets, modifications in the energy sector, global economic situations, and increased fertilizer production. During the forecast period, the market expects to see key trends like innovative applications in the industry, chemical manufacturing, metallurgy processes, treatment of wastewater, and sustainable green initiatives.
What Are the Forces Behind the Rapid Growth of the Sulfuric Acid Market?
The sulfuric acid market's expansion is predicted to be driven by the swift adoption of electric vehicles. Electric vehicles are modes of transport powered by electricity, using an electric engine fuelled by energy from a battery or a fuel cell, unlike traditional vehicles powered by gasoline or diesel-based engines. Sulfuric acid is critical in the manufacture of lead acid batteries, primarily used in cars and electric vehicles, resulting in an escalating demand for sulfuric acid. For example, the International Energy Agency, an autonomous intergovernmental body based in France, stated in April 2024 that electric car sales in 2023 approached 14 million, constituting approximately 18% of overall car sales, up from 14% in 2022. As such, the fast adoption of electric vehicles throughout the region is stimulating the sulfuric acid market's growth.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9661&type=smp
Who Are the Dominant Companies Influencing Sulfuric Acid Market Trends?
Major companies operating in the sulfuric acid market are BASF SE, Akzo Nobel N.V., Mitsubishi Chemical Corporation, Chemtrade Logistics Inc., Eastman Chemical Company, Huntsman International LLC, Solvay S.A., Yara International ASA, OCP S.A., Acron Group, Tata Chemicals Limited, Trinseo S.A., The Mosaic Company, Nutrien Ltd., GFS Chemicals, Inc., BHP Group Limited, Rio Tinto Group, Vale S.A., Chemours Company, Oman Oil Refineries and Petroleum Industries Company, LSB Industries, Inc., Southern States Cooperative, Inc., LyondellBasell Industries N.V., CF Industries Holdings, Inc., Grupa Azoty S.A., Petronas Chemicals Group Berhad, AECI Limited, K+S AG
How Is the Sulfuric Acid Market Evolving?
The sulfuric acid market is experiencing a growing trend of expanding production facilities with the help of cutting-edge technology. To maintain their market position, leading businesses are focusing on launching new sulfuric acid factories employing novel technologies. For instance, Andritz AG, an Austria-headquartered tech group, inaugurated the world's first sulfuric acid factory at Klabin's Ortigueira mill in Brazil in October 2022. The facility is capable of producing 150 metric tons of commercial-grade sulfuric acid (>98%) daily from concentrated odorous vapors and elemental sulfur. The technology involved is based on the proprietary A-Recovery+ concept by Andritz, allowing pulp factories to obtain side streams from the pulping procedure and convert them into marketable products. This plant is part of Andritz's CircleToZero product line, dedicated to eliminating waste byproducts, producing new offerings with increased value, and laying the groundwork for zero-emission, zero-waste production.
What Are the Different Segmentations in the Sulfuric Acid Market?
The sulfuric acid market covered in this report is segmented -
1) By Raw Material Type: Elemental Sulfur, Pyrite Ore, Base Metal Smelters, Other Raw Material Types
2) By Form Type: Concentrated, Tower Or Glover acid, Chamber Or Fertilizer Acid, Battery Acid, 66 Degree Baume Sulfuric Acid, Dilute Sulfuric Acid
3) By Purity Type: Standard, Ultra-Pure
4) By End-User Industry: Fertilizer, Metal Processing, Pulp And Paper, Petroleum Refining, Textile Industry, Automotive, Chemical Manufacturing, Other End-User Industries
Subsegments:
1) By Elemental Sulfur: Frasch Process Sulfur, Sulfur Recovery Units
2) By Pyrite Ore: Natural Pyrite, Roasted Pyrite
3) By Base Metal Smelters: Copper Smelting, Nickel Smelting, Zinc Smelting
4) By Other Raw Material Types: Hydrogen Sulfide, Sulfur Dioxide, Sulfuric Acid From Recycling Processes
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/sulfuric-acid-global-market-report
Which Region Is at the Forefront of the Sulfuric Acid Market?
The countries covered in the sulfuric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Is Covered In The Sulfuric Acid Global Market Report?
- Market Size Analysis: Analyze the Sulfuric Acid Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sulfuric Acid Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sulfuric Acid Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sulfuric Acid Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9661
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sulfuric Acid Market Set to Reach $24.34 Billion by 2029 with 8.4% Yearly Growth here
News-ID: 3931480 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Sulfur
Prominent Sulfur Fertilizers Market Trend for 2025: Innovative Advancements Tran …
How Are the key drivers contributing to the expansion of the sulfur fertilizers market?
The sulfur fertilizer market is poised for growth thanks to an increase in demand for food. Food is considered any substance capable of supplying the body with essential nutrients, such as proteins, carbohydrates, and fats, vital for the organism's adequate growth. In agriculture, sulfur fertilizers play a significant role in various plant developmental processes, including nitrogen metabolism,…
Lithium Sulfur Batteries Market Report 2024 - Lithium Sulfur Batteries Market Si …
"The Business Research Company recently released a comprehensive report on the Global Lithium Sulfur Batteries Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive…
Sulfur Dioxide Market Report 2024 - Sulfur Dioxide Market Demand And Growth
"The Business Research Company recently released a comprehensive report on the Global Sulfur Dioxide Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Sulfur Market 2022 : Trends, Business Growth And Major Driving Factors | Ohio Su …
The global sulfur mining market size is expected to grow from $9.95 billion in 2021 to $10.38 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The global sulfur mining market size is expected to grow to $11.46 billion in 2026 at a compound annual growth rate (CAGR) of 2.5%.
The Business Research Company offers the Sulfur Global Market Report 2022 in its research report store. It is…
Sulfur Market Overview and Scope 2021: Ohio Sulfur Mining Company, Freeport Sulf …
Sulfur Global Market Report 2021
Sulfur Mining includes mining of sulfur and sulfur compounds that are used in manufacturing of black gunpowder, matches, and fireworks. Sulfur is a bright yellow crystalline material. It forms near volcanic vents and fumaroles, where it sublimates from a stream of hot gases.
The global Sulfur market was valued at $6.0 billion in 2017. Asia Pacific was the largest geographic region accounting for $2.2 billion or 37.7%…
Sulfur Fertilizers Market: Rise in Sulfur Deficiency in Soils and Growing Demand …
Allied Market Research recently published a report, titled, "Sulfur Fertilizers Market by Type (Ammonium Sulphate, Single Superphosphate, Sulphate of Potash, Ammonium Nitrate-Sulphate, and Sulphate Containing Compound Fertilizers), and Type of Agriculture (Controlled Environment Agriculture, Conventional Agriculture, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global sulfur fertilizer industry was pegged at $3.4 billion in 2018, and is projected to $4.1 billion by 2026, growing…
