Asia-Pacific Sulfuric Acid Market, By 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) Industry Trends and Forecast to 2029.
Asia-Pacific Sulfuric Acid Market Analysis and Size
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 sulfuric 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.
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 market is expected to reach the value of USD 12,283,250.63 thousand by the year 2029, at a CAGR of 3.6% during the forecast period. "elemental sulfur " accounts for the most prominent raw material segment in the respective due to the abundant availability of sulfur across the globe. 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.
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Thousand, Volumes in Thousand Tonne, Pricing in USD
By 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)
Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia and Rest of Asia-Pacific.
Market Players Covered
LANXESS (Cologne, Germany ), Brenntag GmbH (a subsidiary of Brenntag SE)( Essen, Germany), Boliden Group (Stockholm, Sweden), Adisseo (Antony, France), Veolia (Paris, France), Univar Solutions Inc (Illinois, U.S.), NORAM Engineering & Construction Ltd.( Vancouver, Canada), Nouryon (Amsterdam, the Netherlands), International Raw Materials LTD (Pennsylvania, U.S.), Eti Bakır (Kastamonu, Turkey), ACIDEKA SA (Vizcaya, Spain), Airedale Chemical Company Limited.( North Yorkshire, U.K.), BASF SE (Ludwigshafen, Germany), Aguachem Ltd (Wrexham, U.K), Feralco AB (Widnes, U.K.), Fluorsid (Milan, Italy), Aurubis AG (Hamburg, Germany), Nyrstar (Budel, The Netherlands), Merck KGaA (Darmstadt, Germany), and Shrieve (Texas, U.S.)
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. 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.
- The DHHS (1994) and EPA have not classified sulfur trioxide or sulfuric acid for carcinogenic effects. IARC considers occupational exposure to strong inorganic mists containing sulfuric acid to be carcinogenic to humans (Group 1) (IARC 1992). ACGIH has classified sulfuric acid as a suspected human carcinogen (Group A2) (ACGIH 1998).
Sulfuric acid is on the list of chemicals in “Toxic Chemicals Subject to Section 3 13 of the Emergency Planning and Community Right-to-Know Act”’ (EPA 1998f).
The occupational permissible exposure limit (PEL) for sulfuric acid is 1 mg/ m3 (OSHA 1998). The NIOSH recommended exposure limit (REL) is also 1 mg/m3 (NIOSH 1997). ACGIH recommends a threshold limit value time-weighted average (TLV-TWA) of 1 mg/m3 and a short-term exposure limit (STEL) of 3 mg/m3 (ACGIH 1998).
COVID-19 had a Minimal Impact on Asia-Pacific Sulfuric Acid Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, significant impact was noticed on sulfuric acid in Asia-Pacific operations and supply chain, with multiple manufacturing facilities still operating. The service providers continued offering sulfuric acid following sanitation and safety measures in the post-COVID scenario.
The Market Dynamics of the Asia-Pacific Sulfuric Acid Market Include:
- Increasing Demand for Fertilizers in Agricultural Industry
Increasing demand for high-quality fertilizers for crop cultivation boosts the sulfuric acid market.
- Significant Growth in Chemical Industries
Increasing chemical production in the European region with a chemicals strategy for sustainability is a prominent part of the Green Deal to strengthen the growth of the chemicals industry, making it easier to avoid usage of hazardous chemicals and encourage innovation for the development of safe and sustainable alternatives. Thus, a strategy for sustainability in the chemicals industry can help keep the significant growth in the chemical industry and propel the sulfuric acid market in the coming years.
- Growing Demand for Sulfuric Acid Across a Diverse Range of Industries
The demand for sulfuric acid across a diverse range of industries such as pharmaceutical, textile, paper, and pulp, is expected to grow at an increasing rate and is projected to fuel the sulfuric acid market.
- Growing Demand for Batteries in Automotive Industry
With increased demand for the recovery of waste printed circuit boards using sulfuric acid to recover different metals such as gold, silver, iron, and copper is expected to drive the sulfuric acid market.
- Significant Growth in Healthcare Industry
The increasing advantages of sulfuric acid batteries in motor vehicles and other machines in electric vehicles are increasing the demand for sulfuric acid, creating an opportunity for the sulfuric acid market to tap upon and register higher growth in the future.
- Abundance of Sulfur as a Raw Material
In addition, sulfur nowadays is also produced for industrial use from the petroleum and natural gas industry worldwide. Therefore, an abundance of sulfur reserves around the globe creates an opportunity for the growth of the sulfuric acid market.
Restraints/Challenges faced by the Asia-Pacific Sulfuric Acid Market
- Health Hazards Associated with Sulfuric Acid
The increasing health hazards associated with the use of sulfuric acid on the skin, eyes, and other organs is likely to hamper the sulfuric acid market demand.
- Decline in Sales Resulting from Oversupply of Sulfuric Acid
The undersupply of sulfuric acid in the sulfuric acid market is the biggest problem being faced by key manufacturers operating in the market, which is directly impacting their sales and profit margins as oversupplied with other producers has led to a decrease in the prices. This is acting as the biggest challenge in the sulfuric acid market growth.
This sulfuric acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sulfuric acid market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
- 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 May 2017, BASF SE introduced a new sulfuric acid catalyst preferred due to its unique geometrical shape. This update helps the company to increase production capacity, which generates revenue in the future
Asia-Pacific Sulfuric Acid Market Scope
The Asia-Pacific 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.
- Base Metal Smelters
- Elemental Sulfur
- Pyrite Ore
On the basis of raw material, the market is segmented into base metal smelters, elemental sulfur, pyrite ore, and others. In 2022, the elemental sulfur segment is expected to dominate due to the abundant availability of sulfur across the globe
- 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 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%).
- Contact Process
- Lead Chamber Process
- Wet Sulfuric Acid Process
- Metabisulfite Process
Based on manufacturing process, the market is segmented into contact process, lead chamber process, wet sulfuric acid process, metabisulfite process, and others.
On the basis of distribution channel, the sulfuric acid market is segmented into offline and online.
- Chemical Manufacturing
- Petroleum Refining
- Metal Processing
- Drug Manufacturing
- Pulp & Paper
On the basis of application, the 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.
Asia-Pacific Sulfuric Acid Market Regional Analysis/Insights
Asia-Pacific sulfuric acid market is analyzed and market size insights and trends are provided by raw material, form, manufacturing process, distribution channel, and application as referenced above.
The countries covered in the Asia-Pacific sulfuric acid market report are the Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia and Rest of Asia-Pacific.
In Asia-Pacific region, China is dominating the Asia-Pacific sulfuric acid market as China is the largest producer of Sulfuric acid and China is the house to many large industries, which use sulfuric acid in their operations. Therefore, there is a huge consumption of sulfuric acid in China.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Sulfuric Acid Market Share Analysis
Asia-Pacific 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 Asia-Pacific sulfuric acid market.
Some of the major players operating in the rodenticides market are LANXESS, Brenntag GmbH (a subsidiary of Brenntag SE), Boliden Group, Adisseo, Veolia, Univar Solutions Inc, NORAM Engineering & Construction Ltd., Nouryon, International Raw Materials LTD, Eti Bakır, ACIDEKA SA, Airedale Chemical Company Limited., BASF SE, Aguachem Ltd, Feralco AB, Fluorsid, Aurubis AG, Nyrstar, Merck KGaA, and Shrieve, among others.
Research Methodology: Asia-Pacific Sulfuric Acid Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available: Asia-Pacific Sulfuric Acid Market
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