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Sulfuric Acid Market (Sulfur-based Production - Sulfur-based, Pyrite Roasting, and Smelter By-product; Application - Phosphate Fertilizer Production, Chemical Production, Metal Processing, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : May, 2020

  • Rep Id : CM0243

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the sulfuric acid market provides an in-depth analysis of segments and sub-segments in the global as well as regional sulfuric acid market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sulfuric acid market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global sulfuric acid market. According to the report, the global market for Sulfuric Acid was sized near USD 75.8 billion in 2020 and is expected to reach USD 95.5 by 2026 growing with a CAGR of 3.4% over 2020-2026.

 

Sulfuric Acid Market

Market Insight

Sulfuric acid is used in the production of many chemicals such as hydrochloric acid, nitric acid, and sulfate salts. Commercially, there are three processes of sulfuric acid production: sulfur-based, pyrite-based, and smelter-based. Sulfuric acid is one of the most important industrial chemicals and is used for various applications including fertilizers, chemical production, and metal processing. Sulfuric acid finds the largest application in the fertilizer industry for the production of phosphoric acid through the wet-process. The market is expected to benefit from the increase in sulfuric acid production as a by-product of smelters. This helps smelters to find a use for their disposals. This has also led to a decline in the market share of sulfur-burning plants.

 

The global sulfuric acid market is expected to grow on the demand coming from the industries of fertilizers, and chemical production. Sulfuric acid is also used in the manufacturing of chemicals, pigments, dyes, nitric acid, and sulfate salts. Sulfuric acid is used for pickling in metal processing such as steel processing. It helps in removing impurities and rust from the surface. The increase in the demand for metal processing due to an increase in impurity levels is driving the demand for sulfuric acid. However, sulfuric acid is facing competition from hydrochloric acid for metal processing. Though hydrochloric acid is expensive, it is gaining market attention. Hydrochloric acid minimizes the base metal loss and gives faster results during pickling.

 

In terms of region, Asia Pacific is the largest and the fastest-growing geographical segment for sulfuric acid, and the largest metal-producing region, globally. It is also one of the major agriculture markets. There is an increase in the food demand from the increasing population especially in developing countries such as India and China. Also, China is one of the largest producers of chemicals, globally. All these factors have led to the requirement for increased yields thus, driving the demand for fertilizers. This translates into the demand for sulfuric acid for manufacturing fertilizers.

 

Segment Covered

The report on the global sulfuric acid market covers segments such as sulfur-based production, and application. On the basis of sulfur-based production, the sub-markets include sulfur-based, pyrite roasting, and smelter by-product. On the basis of application, the sub-markets include phosphate fertilizer production, chemical production, metal processing, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as BASF SE, Akzo Nobel N.V., DuPont de Nemours, Inc., Evonik Industries AG, Jacobs Engineering Group Inc., Vale S.A., Honeywell International Inc., Solvay S.A., and Khaitan Chemicals & Fertilizers Limited.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sulfuric acid market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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