Global Sulfuric Acid Market, By Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore, And Others), By Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper And Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa And Latin America), Price Trend Analysis, Competitive Market Share And Forecast, 2015-2025
Published:
April 2019
Report Code:
BWC19161
Available Format:
PDF PDF Icon
Pages:
115

global sulfuric acid market bwc19161

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Global Sulfuric Acid Market: Overview

Global Sulfuric Acid market is anticipated to worth USD 12.31 billion by 2025, with a CAGR of 3.17% during 2019-2025. Sulfuric acid is a strong mineral acid denoted by the molecular formula H2SO4. Continuous and stable demand for sulfuric acid due to several end-user applications and rising demand from the oil & gas industry, wastewater treatment are the factors favoring the market growth.

Fertilizers are now an integral part of agriculture and provide the soil with nutrients like potassium, phosphate, and nitrogen. Growing concerns about high crop yield and superior food quality from the agricultural sector are anticipated to drive fertilizer market growth, which, in turn, is likely to trigger the sulfuric acid market. The presence of stringent environmental regulations to control emissions expected to lead the increased use of smelters to capture sulfur dioxide products sulfuric acid serves as an electrolyte in lead-acid storage batteries, which are employed in motor vehicles. It is also used in the pulp and paper industry, often for use in chlorine dioxide generation.

Global Sulfuric Acid Market: Raw Material Insights

On the basis of raw material, the sulfuric acid market is segmented into Elemental Sulfur, Base Metal Smelters, Pyrite Ore, and Others. Elemental Sulfur raw material segment dominates the entire sulfuric acid market and projected to lead the market during the forecast period. Due to the abundant availability in the market and less polluting as compared to other raw material like pyrite ore or base metal smelters. The growing demand for industrial chemicals for manufacturing various commercial products is projected to propel the growth of the market over the next few years. China is the leading producer of pyrites and the maximum share of this raw material is used for producing sulfuric acid.

Global Sulfuric Acid Market: Application Insights

On the basis of application, the sulfuric acid market is segmented into Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper, and Others. In 2017, the fertilizer application leads the overall sulfuric acid during the forecast period. Rising concerns about high crop yield and excellent food quality from the agricultural sector are projected to propel fertilizer market growth.

Rapid industrialization and development are resulting in the reduction of fertile land, which in turn is leading the farmers to use fertilizers for increasing crop yield. Additionally, growing construction of new sulfur burners in countries like Cuba, Morocco, Turkey, etc., is further estimated to address the growing demand for sulfuric acid in fertilizer production and metal processing industries in the coming years.

Global Sulfuric Acid Market: Regional Insights

Geographically, the sulfuric acid market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific is the leading region of the sulfuric acid industry and projected to lead the overall industry during the forecast period. In 2016, China is the largest market for sulfuric acid in this region. The booming chemical industry, easy availability of raw materials, and growing developmental strategies like setting up of production facilities to meet the mounting demand for sulfuric acid.

Growing need to expand the production of phosphate fertilizer due to increasing fertilizer sector and stringent environmental regulations concerning the manufacturing of the environmentally friendly product is likely to boost the market over the coming years. Middle East & Africa is the fastest growing region during the forecast period. Owing to an increase in the number of acid plants to meet growing consumer demand along with the rising supply of sulfur-burnt acids in the region is estimated to boost the market.

Objective of the Study:

·         To analyze and forecast market size of the global sulfuric acid market, in terms of value & volume.

·         To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting sulfuric acid market into five regions, namely, North America, Europe, Asia Pacific, Middle East and their leading countries.

·         To outline, categorized and forecast the global sulfuric acid market on the basis of raw material, and application.

·         To examine competitive developments like technological advancement, services, and regulative framework within the Global Sulfuric Acid Market.

·         To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·         To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Global Sulfuric acid Market: Competitive Landscape

Companies such as Mosaic Company, Chemtrade Refinery, DuPont, Akzonobel N.V, BASF SE, PVS Chemical Solution, Solvay, Valero Energy, Potash Corp (PCS Phosphate), Agrium Inc., Indian Farmers Fertiliser Cooperative Limited (IFFCO), Israel Chemicals Ltd., Rashtriya Chemicals and Fertilizers Ltd., Zuari Agro Chemicals Ltd. are the leading players of sulfuric acid market across the globe.

Key Target Audience:

·         Market research and consulting firms

·         Industry associations

·         Global Sulfuric acid manufacturers

·         Research organizations and consulting companies

·         Organizations, associations and alliances related to Sulfuric acid market

·         Regulatory bodies

Scope of the Report

By Raw Material

·         Elemental Sulfur

·         Base Metal Smelters

·         Pyrite Ore

·         Others

By Application

·         Fertilizers

·         Chemical Manufacturing

·         Metal Processing

·         Petroleum Refining

·         Textile Industry

·         Automotive

·         Pulp & Paper

·         Others

In addition, the report provides analysis of the sulfuric acid market with respect to the following geographic segments and their high performing regions:

·         North America

·         Europe

·         Asia Pacific (APAC)

·         LATAM

·         MEA

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.

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