In 2022, the Contact Process Segment is expected to Dominate with a 37.53% share

 

In market sulfuric acid is available in different concentration grades such as 98%, 96.5%, 76%, 70% and 38%. Sulfuric acid is a strong acid with hygroscopic characteristics and oxidizing properties. It is used in the fertilizer, chemical, synthetic textile, and pigment industries. A large quantity of sulfuric acid produces potassium sulfates and fertilizers.

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The global sulfuric acid market is expected to reach USD 2,58,98,281.42 thousand by 2029 from USD 2,04,26,454.45 thousand in 2021, growing with a substantial CAGR of 3.4% in the forecast period of 2022 to 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. With the increasing consumption of sulfuric acid globally, major players are expanding their production capacities in different countries to strengthen their presence in the market.

sulfuric acid market

Increase in the demand for fertilizers in the agricultural industry is expected to drive the market's growth rate

The demand for high-quality fertilizers is increasing in the agricultural industry. Several fertilizers are manufactured from sulfuric acid, which helps to increase crop production and soil fertility. The sulfuric acid can easily be mixed with the soil and liquid fertilizers. Increased expenditure by public and private players on agricultural infrastructure development will also promote the market growth rate. Continuous research and development in the ingredients have further increased the acceptance of organic fertilizers.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014-2019)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

Raw Material (Base Metal Smelters, Elemental Sulfur, Pyrite Ore and Others), Form (Concentrated, 66 Degree Baume Sulfuric Acid, Tower/Glover Acid, Chamber/Fertilizer Acid, Battery Acid and Dilute Sulfuric Acid), Manufacturing Process (Contact Process, Lead Chamber Process, Wet Sulfuric Acid Process, Metabisulfite Process and Others), Distribution Channel (Offline and Online), Application (Fertilizers, Chemical Manufacturing, Petroleum Refining, Metal Processing, Automotive, Textile, Drug Manufacturing, Pulp & Paper, Industrial And Others)

Countries Covered

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, U.A.E, 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.

Market Players Covered

LANXESS (Germany), Brenntag GmbH (Germany), Boliden Group (Sweden), Adisseo (France), Veolia (France), Univar Solutions Inc (U.S.), NORAM Engineering & Construction Ltd. (Canada), Nouryon (Netherlands), International Raw Materials LTD (U.S.), Eti Bakır (Turkey), ACIDEKA SA (Spain), Airedale Chemical Company Limited.( U.K.), BASF SE (Germany), Aguachem Ltd (U.K.), Feralco AB (U.K.), Fluorsid (Italy), Aurubis AG (Germany), Nyrstar (Netherlands), Merck KGaA (Germany), Shrieve (U.S.) among others            

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Segment Analysis:

The global sulfuric acid market is segmented into five notable segments based on raw material, form, manufacturing process, distribution channel, and application.

  • Based on raw material, the global sulfuric acid market is segmented into base metal smelters, elemental sulfur, pyrite ore, and others. In 2022, the elemental sulfur segment is expected to dominate with a 57.62% share due to the abundant availability of sulfur across the globe.
  • Based on form, the global 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%). In 2022, the chamber/fertilizer acid (62.8%) segment is expected to dominate with a 36.03% share as it is available with a high acidic range and drops the soil's pH level, which improves the uptake of nutrients.
  • Based on manufacturing process, the global sulfuric acid market is segmented into contact process, lead chamber process, wet sulfuric acid process, metabisulfite process, and others. In 2022, the contact process is expected to dominate with a 37.53% share as this process lowers the emission of harmful gases during the production of sulfuric acid.
  • Based on distribution channel, the global sulfuric acid market is segmented into offline and online. In 2022, the offline segment is expected to dominate with a 70.95% share as transporting the bulk quantity to the nearby country is easy due to which offline distribution channel is dominating the market.

Offline is expected to dominate the distribution channel segment of the global sulfuric acid market

The sulfuric acid can be transported and made available via both online and offline modes of distribution. However, out of the two, the offline segment is expected to dominate the global sulfuric acid market with a 70.95% share. This is because of the traditional approach of farmers and agriculturalists to stick to traditional modes of purchasing. Moreover, rising number of small scale retailers especially in the emerging economies will widen the scope of growth further.

  • Based on application, the global sulfuric acid market is segmented into fertilizers, chemical manufacturing, petroleum refining, metal processing, automotive, textile, drug manufacturing, pulp & paper, industrial, and others. In 2022, the fertilizers segment is expected to dominate with a 49.55% share as the demand for sulfuric fertilizers increases for crop plantation and soil fertility.

Fertilizers is expected to dominate the application segment of the global sulfuric acid market

The demand for high-quality fertilizers is increasing in the agricultural industry. Several fertilizers are manufactured from sulfuric acid, which helps to increase crop production and soil fertility. The sulfuric acid can easily be mixed with the soil and liquid fertilizers. Also, growth and expansion of the agricultural industry will widen the scope of growth for the market. Rising adoption of technologically advanced machinery and equipment by the major players in the manufacturing of fertilizers and other agrochemicals will yet again emerge as an important market growth determinant. Increased expenditure by public and private players on the development of agricultural infrastructure will also promote the market growth rate. Continuous research and development in the ingredients has further increased acceptance of organic fertilizers.

Major Players

Data Bridge Market Research recognizes the following companies as the major sulfuric acid market players in advanced wound care market are Nouryon (Netherlands), LANXESS (Germany), Boliden Group (Sweden), and Brenntag GmbH (Germany).

sulfuric acid market

Market Development – 

  • In November 2020, Airedale Chemical Company Limited acquired Alutech, which provides a range of metal treatment solutions, including aluminum brighteners and pre-treatment cleaners. This development helps the company increase the demand for sulfuric acid, which has increased its profits.
  • In December 2021, Boliden signed an agreement with Metso Outotec regarding the expansion investment in Odda zinc smelter. The agreement includes a roasting plant, sulfuric acid plant, and leaching technology and engineering services. Boliden Odda's annual production capacity will be increased from 200,000 tonnes to 350,000 tonnes. The increased capacity commissioning has been set for Q4 2024. The deal with Metso Outotec is worth 150 million euros and is part of a 700 million euro investment plan for the Odda smelter, the majority of which will be completed in 2022 and 2023. The expansion investment in Odda is set to take place between 2021-2024.
  • In November 2021, Phosagro announced the ceremonial commissioning of a new sulfuric acid production unit with 3,300 ton per day (SK-3300) capacity at PhosAgro's Cherepovets production site. The SK-3300 has become the country's highest-capacity production unit of its kind. It was created using the most advanced technology by some of the country's finest scientific institutes. They considerably improved the unit's energy efficiency while also lowering emissions. The plant's CHP uses the water vapour created during the sulphuric acid manufacturing process to generate electricity.
  • In August 2021, WeylChem acquired INEOS Sulphur Chemicals Spain from INEOS Enterprises. The company will operate under the name WeylChem Bilbao SLU, with an annual capacity of 350 KT of sulfuric acid. The WeylChem Group of Companies is quickly becoming one of Europe's leading sulphur chemical companies. INEOS Sulphur Chemicals Spain S.L.U., Spain's number-one merchant manufacturer of sulfuric acid, has been acquired by the group as a complement to its existing sulfuric acid facility in northern France.

Regional Analysis

Geographically, the countries covered in the sulfuric acid market report are 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, U.A.E, 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.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in sulfuric acid market during the forecast period 2022 - 2029

In 2022, 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. Moreover rising number of research and development activities in combination with the growth and expansion of agricultural industry is also boosting the sulfuric acid market growth 

North America is estimated to be the fastest growing region in sulfuric acid market the forecast period 2022 - 2029

North America is expected to grow during the forecast period due to the presence of major market players and rapid development of infrastructural facilities in emerging economies in this region. In addition to this, rising private and public expenditure on the development of chemicals industry infrastructure in the developing and backward economies and increasing per-capita income are expected to propel the market's growth rate in this region. Also, increasing demand for phosphate fertilizer production to enhance the quality of irrigation water and increasing demand for the manufacturing of sulfuric acid from elemental sulfur owing to its environmentally-friendly property are other important market growth determinants.

COVID-19 Impact Analysis

COVID-19 brought an epidemic on the industries especially the manufacturing industry. Restrictions imposed on the transportation and movement all together negatively impacted the market. Further disruptions in the supply chain, including logistics, storage and warehousing. Due to the halt in production operations in various industries throughout the globe, the demand for sulfuric acid has gone down tremendously. Also, with the continuously dropping requirements of automotive petroleum refining and many other industries, the manufacturers' margins are declining, which they earn from the supply of sulfuric acid. However, the governments are taking steps to relax tax, fiscal deficit, and others to minimize the impact. These steps might stabilize the situation of sulfuric acid in the future and help the market grow as it was before the pandemic.

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