The Indonesia Sulphuric Acid market in terms of volume was nearly 1200 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.2% during the forecast period until 2034.
Sulfuric Acid is commonly synthesized through the contact process, where sulfur dioxide reacts with sulfur in the presence of air. This transparent and water-soluble acid is widely utilized across the global chemical, fertilizer, and pharmaceutical sectors. A notable proportion of sulfuric acid production is allocated to producing phosphoric acid, a crucial ingredient in the production of phosphate fertilizers. These fertilizers play a vital role in enhancing root and seed development, as well as overall plant growth in agriculture. Furthermore, sulfuric acid is employed in petroleum refining and metallurgical processes, highlighting its versatility and importance across diverse industrial sectors.
The Indonesia sulfuric acid market is primed for expansion driven by multiple factors. Firstly, there is a rising demand for sulfuric acid across diverse industrial sectors including chemical manufacturing, fertilizer production, and metallurgy. Moreover, the agricultural sector's growing focus on productivity enhancement through sulfuric acid-based fertilizers fuels market growth. Additionally, sulfuric acid plays a crucial role in the petroleum refining industry, effectively purifying crude oil and petroleum products to ensure the production of high-quality, cleaner fuels. Furthermore, in Indonesia's metal processing sector, sulfuric acid is extensively utilized for applications such as pickling and electroplating, elevating surface preparation standards and enhancing coating adhesion during metal finishing procedures. Due to these reasons, the Indonesia Sulphuric Acid market size is estimated to reach roughly 1700 thousand tonnes in 2034.
Based on the end-user industry, the Indonesia Sulphuric Acid market is segregated into Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and Others. The predominant share of Sulphuric Acid is held by the Phosphate Fertilizers sector, constituting approximately 49% of the entire Indonesia Sulphuric Acid market in 2023.
Major players in the Indonesia Sulphuric Acid market are PT Pupuk Indonesia (Persero), and Others. Other players in the Global Sulphuric Acid market are Aurubis, Boliden AB, Desmet Ballestra, Efremov Chemicals, JSC Khiagda, JSC Priyargunsky, KGHM Polska Miedz S.A., Kazatomprom, Nyrstar N.V., Nuova Solmine S.p.A., Outokumpu OY, Priargunsky Industrial Mining, UPM-Kymmene, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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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 Indonesia.
• To analyse and forecast the market size of Sulphuric Acid
• To classify and forecast Indonesia Sulphuric Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sulphuric Acid market in Indonesia.
To extract data for Indonesia 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 Indonesia Sulphuric Acid market over the coming years.
ChemAnalyst calculated Sulphuric Acid demand across the Indonesia region 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, Indonesia 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 2023
1200 thousand tonnes
Market size Volume by 2034
1700 thousand tonnes
Growth Rate
CAGR of 3.2% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, 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: (Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and Others)
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Member - Board of Directors
Osaka Gas Co. Ltd
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What will be the size of Indonesia Sulphuric Acid market in terms of volume in 2034?
Ans:
The size of Indonesia Sulphuric Acid market has grown significantly in the historic period and is likely to reach approximately 1200 thousand tonnes in 2034.
Q2.
Which industry is leading as the leading consumer of Indonesia Sulphuric Acid market?
Ans:
Phosphate Fertilizers industry is the leading consumer of Indonesia Sulphuric Acid market.
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