The India Sulphuric Acid market has grown significantly in the past years and reached 13.8 million tonnes in FY2023 and is expected to further grow at a steady CAGR of 7.09% during the forecast period until FY2034.
Sulphuric Acid is a colorless, highly corrosive diprotic acid. It has various applications in the chemical industry due to its exceptional oxidizing and dehydrating properties. The surge in the consumption of Sulphuric Acid in India is supported by the overall growth of the Indian chemical. Sulphuric Acid is primarily being used as a feedstock for the synthesis of nitrogenous and phosphatic fertilizers due to its abundant demand from the fertilizer industry. Phosphate fertilizers like ammonium sulphate and superphosphate of lime are produced using sulfuric acid. Sulfuric acid boosts crop production, which enables farmers to produce more money-making, extremely nutrient-dense crops. Since, India is a country with prominent farming practices, the market for fertilizers opens up the opportunity for market expansion. Additionally, the growing consumption of Sulphuric Acid in the water treatment process and metal processing strongly support the Sulphuric acid market expansion. Owing to these reasons, the India Sulphuric Acid market is estimated to reach approximately 29.5 million tonnes by FY2034.
Based on the region, the Sulphuric Acid market is segmented into West, South, North, and South. In the historic period of FY2015-FY2023, West India has been dominating the market and held about 35% of the Sulphuric Acid market in FY2023. Owing to the presence of major steel production, water-treatment, and fertilizer plants located in the western states like Gujarat and Maharashtra, creating a huge chunk of the demand. A strong consumption rate of fertilizers by the northern states like Punjab and Haryana are likely to project a higher production of raw material like Sulphuric acid.
Based on grade, the Sulphuric Acid market is segregated into Commercial Grade and Battery Grade. Sulphuric Acid 98%, also known as the Commercial Grade is the more popular kind among the two grades. This grade is used in the production of detergents, titanium dioxide (a common white pigment), and other dyes and pigments, a variety of plastics, in metal processing such as pickling and de-scaling of steel, etc.
Based on end-use, the India Sulphuric Acid market is segregated into Fertilizer, Dyes & Dye Intermediates, LABSA, Steel Pickling, Water Treatment, and Others. Among these, Fertilizers is the key application. This industry holds approximately 64% of the India Sulphuric Acid market in FY2023.
Major players in the India Sulphuric Acid market are Birla Copper Limited, Gujarat State Fertilizer & Chemicals Limited, Tata Chemicals Limited, Tanfac Industries Limited, Transworld Furtichem Private Limited, SREE RAYALASEEMA HI-STRENGTH HYPO LIMITED, Kiri Dyes & Chemicals Limited, Guljag Industries Limited, Dharamsi Moraji Chemical Co. Limited, Aarti Industries Limited, Bodal Chemicals Limited, Binani Zinc Limited, and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2034
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Objective of the Study:
• To assess the demand-supply scenario of Sulphuric Acid which covers production, demand and supply of Sulphuric Acid market in India.
• To analyse and forecast the market size of Sulphuric Acid in India.
• To classify and forecast India Sulphuric Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Sulphuric Acid market in India.
To extract data for India Sulphuric Acid market, primary research surveys were conducted with Sulphuric Acid manufacturers, suppliers, distributors, wholesalers and Traders. 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 segments and projected a positive outlook for India Sulphuric Acid market over the coming years.
ChemAnalyst calculated Sulphuric Acid demand in India by analysing the volume of Sulphuric Acid consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine 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, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Sulphuric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in FY2023
13.8 million tonnes
Market size Volume by FY2034
29.5 million tonnes
Growth Rate
CAGR of 7.09% from FY2024 to FY2034
Base year
FY2023
Estimated year
FY2024
Historic Data
FY2015 – FY2022
Forecast period
FY2025 – FY2034
Quantitative units
Demand in million tonnes and CAGR from FY2024 to FY2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Fertilizer, Dyes & Dye Intermediates, LABSA, Steel Pickling, Water Treatment, and Others)
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What is the estimated India market size of Sulphuric Acid in terms of volume for FY2034?
Ans:
The India market size of Sulphuric Acid is estimated to reach approximately 29.5 million tonnes by FY2034.
Q2.
Which end-use industries are dominating the India Sulphuric Acid market?
Ans:
The Fertilizer, Dyes & Dye Intermediates, LABSA, Steel Pickling, and Water Treatment are the major consumers of Sulphuric Acid in India.
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