India Sulphuric Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Process, Application, Grade, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030

Format: Online | Last Updated: Dec 2020

[Online Quarterly Update] India Sulphuric Acid market stood at 14.15 Million Tonnes in FY2021 and is forecast to reach 24.40 Million Tonnes by FY2030, growing at a healthy CAGR of 6.24% until FY2030. Sulphuric Acid is a colorless, highly corrosive diprotic acid finding various applications in the chemical industry due to its extraordinary oxidizing and dehydrating properties.   The surge in the consumption of Sulphuric Acid in India is augmented by the overall growth of the Indian chemical industry wherein it is widely utilized for synthesizing myriad derivatives. Sulphuric Acid is primarily being used as a feedstock for the synthesis of nitrogenous and phosphatic fertilizers against the backdrop of its abundant demand from the fertilizer industry. Besides this, the growing consumption of Sulphuric Acid in the water treatment process and metal processing is anticipated to contribute well to propel its demand in the forecast period. Coronavirus outbreak in the country in the final quarter of FY20 has hindered the sturdy fundamentals of the domestic Sulphuric Acid market. Subdued offtakes for downstream derivatives as a repercussion caused by the nationwide lockdown in March overshadowed its slacked production margins disrupted by the forced turnaround in various chemical refineries. Slowed operations in the fertilizer industry followed by the temporary turnarounds in some of the major downstream companies negatively affected its growth rate in the final quarter. However, demand fundamentals for Sulphuric Acid are expected to showcase a V-shaped recovery with scheduled capacity additions in its downstream derivatives under the government initiative of self-reliant India.
 
Sulphuric Acid can be produced by either the smelter or sulfur route. Owing to the extensive demand for Sulphuric acid in the country, more than 90% of Sulphur produced in the domestic market is directed to manufacture Sulphuric Acid. On the back of the high yield and affordability, Double Conversion Double Absorption (DCDA) process technology is presently the widely used process for its production. The Single Conversion and Single Absorption (SCSA) process is another popular production method for manufacturing Sulphuric Acid. There are several organized and unorganized players operating in the India Sulphuric Acid market, making it highly fragmented. However, one-fourth share of the total production comes from the 6 leading market players. As of 2020, Hindustan Zinc Limited is the largest manufacturer of Sulphuric Acid operating in the domestic market. With favorable initiatives by the Indian government for the expansion of the manufacturing facilities in India, there exists a huge opportunity for manufacturers eyeing to widen their domestic revenues
 
 Years Considered for this Report:
 
 Historical Years: FY2015 – FY2020
 Base Year: FY2021
 Estimated Year: FY2022
 Forecast Period: FY2023 – 2030
 
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Objective of the Study: 
 
•The primary objective of the study was to evaluate and forecast Sulphuric Acid production, demand, inventory, and demand – supply gap in India. 
•To categorize demand for Sulphuric Acid based on application, grade, process, sales channel and region.
•To study trade dynamics and company share in India Sulphuric Acid market. 
•To evaluate and forecast Sulphuric Acid pricing in India.
•To identify and profile major companies operating in India Sulphuric Acid market.
•To identify major developments, deals and expansion plans in India Sulphuric Acid market. 
 
Owing to the presence of various players in India Sulphuric Acid market, significant share of the demand is catered via domestic production. Some of the leading companies operating in India Sulphuric Acid market include Hindustan Zinc Limited, Paradeep Phosphates Ltd., Coromandel International Ltd., Aarti Industries Ltd., Indian Farmers Fertilizers Cooperative Ltd., Oriental Carbon & Chemicals Ltd., Khaitan Chemicals and Fertilizers Ltd., Hindalco Industries Ltd., Atul Ltd. and others.
 
 
To extract data for the India Sulphuric Acid market, primary research surveys were conducted with manufacturers, suppliers, distributors, wholesalers, and end-users of Sulphuric Acid. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end-user segments and projected a positive outlook for the India Sulphuric Acid market over the coming years.
 
ChemAnalyst calculated demand for Sulphuric Acid in India by analyzing the historical data and demand forecast that was carried out considering consumption from end-user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, and annual reports were also studied by ChemAnalyst.
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sulphuric Acid manufacturers, distributors, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 
Key Target Audience:
 
•Sulphuric Acid manufacturers, suppliers, distributors and other stakeholders
•Organizations, forums and alliances related to Sulphuric Acid distribution
•Government bodies such as regulating authorities and policy makers
•Market research and consulting firms
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sulphuric Acid manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 
Report Scope:
 
In this report, the India Sulphuric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Market, by Application
Fertilizer, Dyes & Dye Intermediates, LABSA, Steel, Fluorine derivatives, Titanium Dioxide, Explosives, Rayon Yarn, Water Treatment, Pulp & Paper & others
Market, by Grade
Commercial Grade, Battery Grade
Market, by Process
Elemental Sulphur, Smelter By-Product
Market, By Distribution Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North, South, East and West.
 
Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com

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