The global Sulphuric Acid demand growing at a CAGR of 4.01% from past few years and anticipated to grow by a healthy CAGR of 3.72 % during the forecast period 2030 as well. Sulphuric Acid is well-known mineral acid and oxidizing agent, commonly produced by contact process method by sulphur dioxide production using sulphur in presence of air across the globe. It is colorless and water-soluble in nature having various applications across chemical, fertilizer and pharmaceutical industry. Of total Sulphuric Acid global production over half of its goes into the production of phosphoric acid which is used by producers to make phosphate fertilizers (e.g., DAP, MAP, APP etc.) used in the agriculture sector owing to its properties which include root & seed development and overall plant maturation. Hence, increasing demand and consumption of food following growing population at high rate across various regions globally would generate the need for fertilizers which is expected to swell up the total demand for Sulphuric Acid globally.
Also, prevailing life-threatening diseases such as COVID-19 outbreak in 2020 across the globe would further drive the need for more nutritious and higher crop yields. Additionally, government focusing on enlarging pharmaceutical industry through various initiatives following COVID-19 to counter the effect caused by it and revive economy in coming years would also spur the Sulphuric Acid consumption which is used in the formulation of variety of drugs.
However, the decline of year-on-year basis in total Sulphuric Acid demand was noted amid pandemic in 2020 as downstream industries went non-operational such as automotive, paper, metal processing and others which consumes Sulphuric Acid for variety of applications. This decline in the demand curve of Sulphuric Acid is projected to take an upturn in near future as demand for fertilizers rising. Moreover, increasing construction of new sulphur burners in countries such as Cuba, Morocco, Namibia, Turkey, etc., is further anticipated to address growing demand for Sulphuric Acid in fertilizer production and metal processing industries in the coming years.
On the basis of regional segmentation, Asia-Pacific expected to dominate the Sulphuric Acid market backed by increasing population, food consumption and expanding fertilizer and manufacturing industries across these countries. Additionally, some of the leading producers of Sulphuric Acid are in Asia-Pacific. Moreover, China, the fastest growing economy have huge potential for pharma industry which contributes significantly to the overall growth of Sulphuric Acid in the region through the forecast period.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
Objective of the Study:
•The primary objective of the study was to evaluate and forecast the Sulphuric Acid capacity, production, demand, inventory, and demand–supply gap globally.
•To categorize Sulphuric Acid demand based on Manufacturing Process, End-Use Industry, and regional distribution.
•To identify major customers of Sulphuric Acid globally.
•To evaluate and forecast Sulphuric Acid pricing globally.
•To identify and profile major companies operating globally Sulphuric Acid market.
•To identify major news, deals and expansion plans globally Sulphuric Acid market.
Some of the major players operating in the global Sulphuric Acid market are KMG Chemicals, PhosAgro Group of Companies, Aurubis AG, Nouryon, Mosaic Company, PotashCorp, Groupe Chimique Tunisien, PVS Chemicals, Chemtrade Logistics Income Fund (Canada), BASF SE, Akzonoble NV, DuPont, INEOS Enterprises and Agrium Inc., and others.
To extract data for Global Sulphuric Acid market, primary research surveys were conducted with Sulphuric Acid manufacturers, suppliers, distributors, wholesalers and end users. 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 Global Sulphuric Acid market over the coming years.
ChemAnalyst calculated Sulphuric Acid demand globally by analyzing the historical data and demand forecast which was carried out considering the end use industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at 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, 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.
In this report, the Global Sulphuric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Manufacturing Process
Lead Chamber and Contact Process
Market, by Raw Material
Sulphur, Exhaust Gases, Pyrite
Market, by End-Use Industry
Fertilizers, Chemical, Others
Market, by Region
North America, APAC, Europe, MEA, South America
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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