Sulfuric Acid Market | Value and Size Expected to Reach USD 25,898,281.42 thousand at CAGR of 3.4%| Forecast Period 2022-2029
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.
Key Pointers Covered in Sulfuric Acid Market Industry Trends
and Forecast to 2029
·
Market Size
·
Market New Sales Volumes
·
Market Replacement Sales Volumes
·
Market Installed Base
·
Market By Brands
·
Market Procedure Volumes
·
Market Product Price Analysis
·
Market Regulatory Framework and Changes
·
Market Shares in Different Regions
·
Recent Developments for Market Competitors
·
Market Upcoming Applications
·
Market Innovators Study
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Benefits of Considering this Report:
·
This report is compiled using a vigorous and thorough research
methodology. Data Bridge Market Research is also known for its data accuracy
and granular market reports.
·
A complete picture of the competitive scenario of Sulfuric Acid Market
is depicted by this report.
·
The report consists of a vast amount of data about the recent product
and technological developments in the markets.
·
The insights in the report are easy to understand and include a
graphical representation of the numbers in the form of histograms, bar graphs,
pie charts, etc.
Sulfuric Acid Market Scope and Market Size
The global
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
·
Others
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.
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
·
Others
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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Some of the key
questions answered in this report:
·
How has the Sulfuric Acid
Market performed so far and how will it perform in the coming years?
·
What are the key regional
markets?
·
What is the breakup of the
market based on the procedure?
·
What is the breakup of the
market based on the injury location?
·
What is the breakup of the
market based on the end user?
·
What are the various stages in
the value chain of the industry?
·
What are the key driving
factors and challenges in the industry?
·
What is the structure of the Sulfuric
Acid Market and who are the key players?
·
What is the degree of
competition in the industry?
Market Analysis and Insights: Sulfuric Acid Market
·
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.
·
Sulfuric acid 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.
·
"Fertilizers" accounts for the most
prominent application segment in the respective market owing to rise in the
demand for phosphate base fertilizers. The market report curated by the Data
Bridge Market Research team includes in-depth expert analysis, import/export
analysis, pricing analysis, production consumption analysis, and climate chain
scenario.
Sulfuric Acid Market Country
Level Analysis
·
U.S., Canada and Mexico in [North America]
·
Germany, France, U.K., Netherlands, Switzerland,
Belgium, Russia, Italy, Spain, Turkey, [Rest of Europe]
·
China, Japan, India, South Korea, Singapore, Malaysia,
Australia, Thailand, Indonesia, Philippines, [Rest of Asia-Pacific (APAC)]
·
Saudi Arabia, U.A.E, South Africa, Egypt, Israel,
[Rest of Middle East and Africa (MEA)]
·
Brazil, Argentina and [Rest of South America]
Sulfuric Acid Market Share Analysis
The sulfuric acid market competitive landscape provides
details by competitor. Details included are company overview, company
financials, revenue generated, market potential, investment in research and
development, new market initiatives, global presence, production sites and
facilities, production capacities, company strengths and weaknesses, product
launch, product width and breadth, application dominance. The above data points
provided are only related to the companies' focus related to sulfuric acid market.
Key player Sulfuric Acid Market
Some of the major players operating in the sulfuric acid
market are LANXESS, Brenntag GmbH (a subsidary of Brenntag SE), Boliden Group,
Adisseo, Veolia, Univar Solutions Inc, NORAM Engineering & Construction
Ltd., Nouryon, International Raw Materials LTD, Eti Bakir, ACIDEKA SA, Airedale
Chemical Company Limited., BASF SE, Aguachem Ltd, Feralco AB, Fluorsid, Aurubis
AG, Nyrstar, Merck KGaA, Shrieve, among others.
MAJOR TOC OF THE REPORT
·
Chapter One: Introduction
·
Chapter Two: Market Segmentation
·
Chapter Three: Market Overview
·
Chapter Four: Executive Summary
·
Chapter Five: Premium Insights
·
Chapter Six: Sulfuric Acid Market Share by Product & Procedure type
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