Sulfuric Acid Market Size is Expected to Reach USD 25,898,281.42 Thousand by 2029 | Latest analysis, size and share
Last outing sulfuric acid market The research report provides a detailed assessment of key and emerging players presenting company profiles, product/service offerings, market price, and sales revenue to better estimate the market size. With this assessment, the goal is to provide a view on upcoming trends, growth drivers, opinions and facts from industry executives with statistically backed and market validated data. Market research analysis is one of the best options to quickly solve business challenges saving a lot of time. In the Competitive Analysis section of the Sulfuric Acid report, the major key players existing in the market are revealed along with different details such as company profiles, their market share analysis and various strategies which make them thrive in the market. The Sulfuric Acid Market report analyzes market opportunities, challenges, market risks, entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
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 battery manufacturing, metal pickling, among other industrial manufacturing processes. In the market, sulfuric acid is available in different concentrations such as 98%, 96.5%, 76%, 70% and 38%. A large amount of sulfuric acid produces potassium sulphates and fertilizers.
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Global sulfuric acid market scope and market size
The sulfuric acid market is segmented on the basis of raw material, form, manufacturing process, distribution channel, and application. The growth among these segments will help you analyze weak growth segments in the industries and provide users with valuable market insight and market insights to help them make strategic decisions to identify major applications of the market.
Raw material
- Base metal foundries
- Elemental sulfur
- pyrite ore
- Others
On the basis of raw material, the sulfuric acid market is segmented into base metal smelters, elemental sulfur, pyrite ore and others. Elemental sulfur represents the largest market and is expected to witness strong growth owing to the abundant availability of sulfur across the globe.
Form
- Concentrate (98%)
- Acid Tower/Glove (77.67%)
- Chamber Acid/Fertilizer (62.8%)
- Battery acid (33.5%)
- Sulfuric acid at 66 degrees Baume (93%)
- Diluted sulfuric acid (10%)
On the basis of form, the sulfuric acid market is segmented into concentrate (98%), tower/glover acid (77.67%), chamber/fertilizer acid (62.8%), battery acid (33.5%), sulfuric acid at 66 degrees balsam (93%) and dilute sulfuric acid (10%). Chamber acid/fertilizer (62.8%) represents the largest market and is expected to see strong growth as it is available with a high acid range and lowers the pH level of the soil, which improves the absorption of nutrients.
Manufacturing process
- Contact process
- Master chamber process
- Wet sulfuric acid process
- Metabisulphite process
- Others
On the basis of manufacturing process, the sulfuric acid market is segmented into contact process, lead chamber process, wet sulfuric acid process, metabisulphite process and others. The contact process represents the largest market and is expected to experience strong growth as it reduces harmful gas emissions during the production of sulfuric acid.
Distribution channel
On the basis of distribution channel, the global sulfuric acid market is segmented into offline and online. The offline segment accounts for the largest market and is expected to witness high growth as it is easy to transport the bulk quantity to the neighboring country.
Application
- Fertilizers
- Chemical manufacturing
- Petroleum refinement
- Metal processing
- Automotive
- Textile
- Manufacture of drugs
- Pulp and paper
- Industrial
- Others
Based on application, the sulfuric acid market is segmented into Fertilizer, Chemical Manufacturing, Petroleum Refining, Metal Processing, Automotive, Textile, Drug Manufacturing, Pulp & Paper, Industrial and Others. Fertilizers are expected to dominate the application segment as the demand for sulfuric fertilizers increases for crop plantings and soil fertility.
National-level analysis of sulfuric acid market Market
Asia-Pacific dominates the sulfuric acid market owing to the presence of a large number of manufacturers and growing demand from various industries such as the manufacture of chemical fertilizers, among others. Asia-Pacific is followed by Europe and is expected to witness significant growth during the forecast period of 2022 to 2029 owing to the growing demand for batteries in the automotive industry in the region. Europe is followed by North America and is expected to grow significantly due to the availability of abundant sulfur as a raw material.
Sulfuric acid is a highly corrosive colorless viscous liquid and one of the most widely used chemicals in various fertilizer, pulp and paper, mining and chemical industries. The greatest amount of sulfuric acid is used to make phosphoric acid, which in turn is used to make phosphate fertilizers, calcium dihydrogen phosphate, and ammonium phosphates. It is also used to make ammonium sulfate, an essential sulfur-deficient fertilizer. Rising demand for fertilizers in agricultural industry and growing demand for sulfuric acid in various industries are some of the drivers driving the demand for sulfuric acid in the market. Data Bridge Market Research analyzes that the sulfuric acid market is expected to reach the value of USD 25,898,281.42 Thousand by 2029, at a CAGR of 3.4% during the forecast period. Sulfuric acid is a colorless, odorless and viscous liquid soluble in water at all concentrations. It is a strong acid made by oxidizing solutions of sulfur dioxide 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 the molecular formula H₂SO₄ and the melting point is 10°C, the boiling point is 337°C. Asia-Pacific is the largest fertilizer consumer due to increased demand for sulfuric acid fertilizers in the region.
Information for each competitor includes:
Company profile
Main company information
SWOT analysis, Porter’s five forces analysis
Sales, Revenue, Price and Gross Margin Market Share, Market Trends
Competitive Landscape and Sulfuric Acid Market Share Analysis
Mosaic, Potashcorp, Groupe Chimique Tunisien Sa, Maaden – Saudi Arabian Mining Company, OCP Group, Phosagro, BASF SE, Chemtrade Logistics Income Fund, Akzo Nobel NV, DuPont, INEOS, PVS Chemicals, Inc., Aurubis, Agrium, Norfalco, Gulf Fluor, Oxbow Carbon LLC, KMG Chemicals Inc, Eurochem, ECO Services, ReAgent, Atul Ltd
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Table of Contents Highlights:
Chapter 1: Sulfuric Acid Market Review
Chapter 2: Sulfuric Acid Market
Chapter 3: Regional Analysis of Sulfuric Acid Market
Chapter 4: Sulfuric acid Market segmentation based on types and applications
Chapter 5: Revenue Analysis by Types and Applications
Chapter 6: Sulfuric Acid Market Share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Constraints, Challenges and Opportunities
Chapter 9: Gross Margin and Price Analysis
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