Sulphuric Acid Market Outlook 2022-2077: Industry Demand, Price Trends and Research Report

The global sulphuric acid market is expected to exhibit a CAGR of 3.02% during 2022-2027. Sulphuric acid (H2SO4) is a dense, corrosive, and colorless liquid prepared industrially by the reaction of water with sulphur trioxide (SO3).

IMARC Group’s latest research report, titled “Sulphuric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global sulphuric acid market is expected to exhibit a CAGR of 3.02% during 2022-2027. Sulphuric acid (H2SO4) is a dense, corrosive, and colorless liquid prepared industrially by the reaction of water with sulphur trioxide (SO3). It is a concentrated and non-combustible acid that oxidizes, dehydrates, or sulfonates organic compounds. Sulphuric acid also reacts with water, alcohol, and metals to form flammable hydrogen gas and enhance the combustion of other substances. Sulphuric acid is utilized in various concentrations to manufacture industrial goods, such as dyes, pigments, explosives, fertilizers, detergents, inorganic salts, acids, etc. As a result, it finds extensive applications across several sectors, including automotive, petroleum refining, chemical, pharmaceutical, fertilizer, etc. 

 

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Important Attribute and highlights of the Report:

Detailed analysis of the global market share
Market Segmentation by raw material type, form, distribution channel and end use industry.
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape for Sulphuric Acid Market
Strategies of major players and product offerings

 

The escalating product demand in the agriculture industry to produce phosphate fertilizers, such as superphosphate of lime and ammonium sulfate, on account of the declining availability of arable land and the inflating food security concerns, is primarily driving the sulphuric acid market. Besides this, the elevating requirement for this compound as an electrolyte in lead-acid storage batteries of motor vehicle engines, farming equipment, and hospital imaging devices is further augmenting the market growth. Apart from this, the growing need for sulphuric acid as a household cleaning agent in soaps, laundry detergents, dishwasher liquids, etc., and the increasing awareness among consumers towards the importance of maintaining home hygiene are also catalyzing the global market. Moreover, the rising product popularity in the oil and gas sector as a catalyst for cleansing the impurities in metallurgical and petrochemical refining processes is anticipated to propel the sulphuric acid market over the forecasted period. 

 

Key Players Included in Global Sulphuric Acid Market Research Report:

Aarti Industries Ltd.
Aurubis AG, BASF SE
Boliden AB, Brenntag SE
Chemtrade Logistic
Lanxess AG
Merck KGaA
Nutrien Ltd.
PhosAgro
Solvay S.A.
The Mosaic Company and Valero Energy Corporation.

 

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

 

Key Market Segmentation:

 

Breakup by Raw Material Type:

Elemental Sulfur
Pyrite Ore
Others

 

Breakup by Form:

Concentrated (98%)
Tower/Glover Acid (77.67%)
Chamber/Fertilizer Acid (62.8%)
Battery Acid (33.5%)
66 Degree Baume Sulfuric Acid (93%)
Dilute Sulfuric Acid (10%)

 

Breakup by Distribution Channel:

Offline
Online

 

Breakup by End Use Industry:

Fertilizer
Chemical and Pharmaceutical
Automotive
Petroleum Refining
Others

 

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

 

TOC for the Sulphuric Acid Market Research Report:

Preface
Scope and Methodology
Executive Summary
Introduction
Global Sulphuric Acid Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape

 

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