Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
| 2023 –2030 | |
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USD 9.59 million |
| USD 12.73 million | |
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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 2030.
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 expected to boost the market during forecast period of 2023 to 2030.
Data Bridge Market Research analyses that the Asia-Pacific sulfuric acid market was valued at USD 9.59 billion, by 2022 and is expected to reach the value of USD 12.73 billion by 2030, at a CAGR of 6.7% during the forecast period of 2023 to 2030. “Base metal smelters” segment is expected to dominate the market due to Increasing demand for high-quality fertilizers for crop cultivation boosts the Asia-Pacific sulfuric acid market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia and Rest of Asia-Pacific
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Market Players Covered
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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 Bakir (Turkey), ACIDEKA SA (Spain), Airedale Chemical Company Ltd (U.K.), BASF SE (Germany), Aguachem Ltd (U.K), Feralco AB (U.K.), Fluorsid (Italy), Aurubis AG (Germany), Nyrstar (Netherlands), Merck KGaA (Germany), and Shrieve (U.S.)
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Market Opportunities
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Market Definition
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.
Drivers
Increasing demand for high-quality fertilizers for crop cultivation boosts the Asia-Pacific sulfuric acid market and acts as one of the major factors driving the growth of Asia-Pacific sulfuric acid market.
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 Asia-Pacific sulfuric acid market in the coming years.
Opportunity
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 Asia-Pacific sulfuric acid market to tap upon and register higher growth in the future.
Additionally, 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 Asia-Pacific sulfuric acid market.
Restraint/Challenge
The undersupply of sulfuric acid in the Asia-Pacific 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 Asia-Pacific sulfuric acid market growth.
Recent Development
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.
Raw Material
Form
Manufacturing Process
Distribution Channel
Application
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 regulations in the market domestically that impacts the current and future trends of the market. Data points like 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.
The 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 Asia-Pacific sulfuric acid market are:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Asia Pacific Sulfuric Acid Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Asia Pacific Sulfuric Acid Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed 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 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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, 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.
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