The South America Sulphuric Acid market demand stood at 16.6 million tonnes in 2023 and is expected to grow at a CAGR of 2.8% during the forecast period until 2034.
Sulfuric Acid, a widely acknowledged mineral acid and potent oxidizing agent, undergoes manufacturing predominantly through the contact process, entailing the oxidation of sulfur dioxide with sulfur in the presence of air. This transparent and water-soluble acid boasts a myriad of applications across the global chemical, fertilizer, and pharmaceutical sectors. A substantial segment of sulfuric acid for the production of phosphoric acid, a pivotal ingredient in phosphate fertilizers like DAP and MAP, extensively utilized in agriculture sector. Furthermore, sulfuric acid serves as a crucial component in various industrial processes, encompassing the production of dyes, pigments, medicines, explosives, surfactants, inorganic materials, and acids. Additionally, it plays a vital role in petroleum refining and metallurgical operations, further highlighting its indispensable nature in industrial applications.
In South America, the Sulphuric Acid market is positioned for robust expansion primarily fuelled by its utilization in fertilizer production. The growth of the fertilizer sector is propelled by various factors including the increasing global population, rising food demand, and diminishing availability of arable land. These trends drive the heightened adoption of Sulphuric Acid-based fertilizers, consequently stimulating market growth. Additionally, sulfuric acid finds extensive use in the chemical manufacturing industry for the production of various compounds such as acids, synthetic detergents, and sulphate salts. Furthermore, sulfuric acid is utilized in the metallurgical sector for metal extraction and purification processes. Thus, South America Sulphuric Acid market volume is likely to reach roughly 22.5 million tonnes by the year 2034.
Based on the end-user industry, the South America Sulphuric Acid market is segmented into Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and Others. The Phosphate Fertilizers industry is the largest end-user and a market share of about 58% in the year 2023.
Major players in the South America Sulphuric Acid market are Compania Minera y Comercial Sali Hochschild S.A, Anglo American, Codelco, BHP Billiton, PetroPeru and Votorantim Group. Other major players in the Global Sulphuric Acid are Yunnan Yun, Guizhau Phosphate Group, Saudi Arabian Mining Company (Ma’aden), OCP Group, Anhui Tomgling (North ferrous metal), Hubei Yihua, Jiangsu copper, Sichuan Dragon Python Group, Hubei Xingfa, Aurubis, Shangdong Yanggy Xiansgguang, Boliden AB, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of South America Sulphuric Acid which covers production, demand and supply of Sulphuric Acid market in the globe.
• To analyse and forecast the market size of South America Sulphuric Acid
• To classify and forecast South America Sulphuric Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sulphuric Acid market in the globe.
To extract data for South America Sulphuric Acid market, primary research surveys were conducted with Sulphuric Acid manufacturers, suppliers, distributors, wholesalers and Traders. 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 segments and projected a positive outlook for South America Sulphuric Acid market over the coming years.
ChemAnalyst calculated Sulphuric Acid demand across the South America region by analysing the volume of Sulphuric Acid consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sulphuric Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Sulphuric Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sulphuric Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, South America Sulphuric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
16.6 million tonnes
Market size Volume by 2034
22.5 million tonnes
Growth Rate
CAGR of 2.8% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2023
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Argentina, Brazil, Chile, and Rest of South America
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Market Data & Insights
Table of Content
1.Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Sulphuric Acid market in terms of value and volume.
2.Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Sulphuric Acid.
3.Capacity By Location
To better understand the regional supply of Sulphuric Acid by analyzing its manufacturers' location-based capacity.
4.Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5.Production By Company [Quarterly Update]
Study the historical annual production of Sulphuric Acid by the leading players and forecast how it will grow in the coming years.
6.Demand by End- Use [Quarterly Update]
Discover which end-user industry (Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and Others) are creating a market and the forecast for the growth of the Sulphuric Acid market.
7.Demand by Region
Analyzing the change in demand of Sulphuric Acid in different regions, i.e., Argentina, Brazil, Chile, and Rest of South America, that can direct you in mapping the regional demand.
8.Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Sulphuric Acid. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9.Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Sulphuric Acid.
10.Company Share
Figure out what proportion of the market share of Sulphuric Acid is currently held by leading players across the globe.
11.Country-wise Export
Get details about quantity of Sulphuric Acid exported by major countries.
12.Country-wise Import
Get details about quantity of Sulphuric Acid imported by major countries.
13.Manufacturing Process
Discover insights into the intricate manufacturing process of Sulphuric Acid.
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What was the size of the South America Sulphuric Acid market in terms of volume in 2023
Ans:
The size of the South America Sulphuric Acid market has grown significantly in the historic period and reached approximately 16.6 million tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Sulphuric Acid?
Ans:
Phosphate Fertilizers industry is the leading consumer of Sulphuric Acid.
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