Press release
Global Sulfuric Acid Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Sulfuric Acid Market
How Big Is the Sulfuric Acid Market Size Expected to Be by 2034?
The sulfuric acid market has grown strongly, expected to increase from $16.17 billion in 2024 to $17.66 billion in 2025 at a CAGR of 9.2%. This expansion is driven by the industrial revolution, fertilizer production, industrialization, infrastructure development, and the increased production of batteries.
The sulfuric acid market is expected to grow strongly, reaching $24.34 billion by 2029 at a CAGR of 8.4%. Growth drivers include supply chain optimization, emerging markets, shifts in the energy sector, global economic conditions, and fertilizer production. Key trends include innovative industrial uses, chemical manufacturing, metallurgical processes, wastewater treatment, and green initiatives.
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What Are the Emerging Segments Within 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
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What Long-Term Drivers Are Shaping Sulfuric Acid Market Trends?
The sulfuric acid market is expected to grow due to the rapid adoption of electric vehicles. Sulfuric acid is a key component in the production of lead-acid batteries, which are widely used in electric vehicles. According to the International Energy Agency, in 2023, nearly 14 million electric cars were sold, accounting for 18% of total car sales. This increasing demand for electric vehicles is expected to drive the growth of the sulfuric acid market.
Who Are the Top Competitors in Key Sulfuric Acid Market Segments?
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
What Trends Are Expected to Dominate the Sulfuric Acid Market in the Next 5 Years?
The sulfuric acid market is experiencing a trend of expanding production plants with advanced technology. For instance, in October 2022, Andritz AG built the world's first sulfuric acid plant for Klabin's Ortigueira mill in Brazil. The plant produces 150 metric tons of commercial-grade sulfuric acid daily from elemental sulfur and odorous vapors. The facility utilizes Andritz's A-Recovery+ technology, which extracts valuable byproducts from pulp mills and contributes to zero-emissions, zero-waste production.
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Which Regions Are Becoming Hubs for Sulfuric Acid Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sulfuric Acid Market?
2. What is the CAGR expected in the Sulfuric Acid Market?
3. What Are the Key Innovations Transforming the Sulfuric Acid Industry?
4. Which Region Is Leading the Sulfuric Acid Market?
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