Press release
Sulfuric Acid Market valued at USD 16.4 billion in 2024 and is projected to reach USD 23.1 billion by 2030
Sulfuric Acid Market
The Sulfuric Acid Market continues to grow steadily due to its indispensable role in fertilizers, chemicals, mining, metal processing, petroleum refining, wastewater treatment, batteries, and pharmaceuticals. Sulfuric acid-one of the most widely produced industrial chemicals in the world-is crucial for manufacturing phosphate fertilizers, which account for the majority of global consumption.
The market is valued at USD 16.4 billion in 2024 and is projected to reach USD 23.1 billion by 2030, expanding at a CAGR of 5.8% during 2024-2030. Growth is driven by agricultural sector expansion, rising demand for phosphate fertilizers, increasing production of chemicals & metals, and tightening environmental regulations that encourage cleaner smelting technologies.
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Market Growth (2024-2030)
• Market Size 2024: USD 16.4 billion
• Market Size 2030: USD 23.1 billion
• CAGR: 5.8%
Asia-Pacific leads global production and consumption due to strong fertilizer demand, rapid industrialization, and the presence of large metal-smelting operations.
Key Market Drivers
• Rising consumption of fertilizers, especially phosphates, in agriculture
• Growth in metal processing (copper, zinc, nickel) using sulfuric acid leaching
• Increased use in chemical manufacturing, including dyes, pigments, and surfactants
• Expansion of petroleum refining, requiring sulfuric acid for alkylation units
• Strong adoption in wastewater treatment and pH control
• Higher demand from lead-acid battery production, particularly for automotive & backup power
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Market Segmentation
By Raw Material
• Elemental Sulfur
• Base Metal Smelters
• Pyrite Ore
• Others (By-product Sulfur Sources)
By Type
• Technical Grade
• Battery Grade
• Agricultural/Fertilizer Grade
• Ultra-Pure Grade (Electronics & Pharma)
By Application
• Fertilizers (Phosphoric Acid Production)
• Metal Processing (Copper, Zinc, Lead)
• Petroleum Refining (Alkylation)
• Chemical Manufacturing
• Pulp & Paper
• Wastewater Treatment
• Pharmaceuticals
• Automotive Batteries
• Textiles & Dyes
By End-Use Industry
• Agriculture
• Chemicals
• Mining & Metallurgy
• Oil & Gas
• Automotive & Transportation
• Water Treatment
• Pharmaceuticals & Healthcare
• Industrial Manufacturing
By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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Key Market Trends
• Rising adoption of clean smelting technologies to reduce SO2 emissions
• Increased production of ultra-pure sulfuric acid for semiconductors and electronics
• Higher demand for sulfuric acid in lithium-ion and lead-acid battery manufacturing
• Expansion of green fertilizers boosting phosphoric acid production
• Growth in hydrometallurgical processes for metal extraction
• Integration of sulfur recovery units (SRUs) in refineries
Competitive Landscape
Major companies operating in the Sulfuric Acid Market include:
• BASF SE
• The Mosaic Company
• Chemtrade Logistics
• Ineos Group
• Maaden (Saudi Arabian Mining Company)
• Aurubis AG
• Kronos Worldwide
• LANXESS
• AkzoNobel
• PVS Chemicals
These players focus on expanding production capacity, improving emission control, and developing high-purity grades for electronics and specialty chemicals.
Recent Developments
• Major fertilizer producers expanding phosphoric acid plants to support sulfuric acid consumption
• New investments in ultra-pure sulfuric acid production for semiconductor fabs
• Global mining sector adopting acid heap leaching for copper and nickel
• Increased refinery-level installation of sulfur recovery systems to reduce emissions
• Companies in Asia upgrading manufacturing systems for IMO & environmental compliance
• Rising adoption of sulfuric acid in renewable energy battery manufacturing
This report is also available in the following languages : Japanese (硫酸市場), Korean (황산 시장), Chinese (硫酸市场), French (Marché de l'acide sulfurique), German (Schwefelsäuremarkt), and Italian (Mercato dell'acido solforico), etc.
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