H1 2023: The top producers of Sulphuric Acid in H1 2023 were Yunnan Yun, Guizhau Phosphate Group, and Hubei Yihua. In January 2023, Nuberg EPC, a leading Indian Technology provider, gained a Sulphuric Acid project under an EPC contract at Neratovice, Czech Republic. However, the plant is owned by Spolana, a chemical producer located in the Czech Republic which produces products like PVC, Caprolactam, ammonium sulphate, and sulphuric acid. The plant will have the production capacity to produce 181.5 thousand tonnes per annum of Sulphuric Acid. This new plant is expected to be completed in three years, comprising of project stages 1, 2 & 3. The sulphuric acid produced by the plant will be used by various end-user industries which include petrochemical and fertilizer industries. The sulphuric acid prices faced a downward slope in H1 2023 in the Asia Pacific region. It was because the prices of raw materials, i.e., oleum prices were low. During this period, sulfuric acid inventories increased which resulted in a plenty of sulphuric acid supply. Furthermore, the downstream industry chains witnessed a slight slump in the sulphuric acid market. Downstream ammonium sulphate demand was hazy in the Asia Pacific region and as a repercussion, sulphuric acid demand was low in the region. A similar scenario was observed in the US market. In H1 2023, the fertilizer demand in the USA de-escalated which affected the consumption rate of sulphuric acid in America. The marginal demand for the product decreased in the region as a result of excess of sulphuric acid stocks in the US market. The revenues from sulfuric acid were completely exhausted as a result of low sales in the USA. Customer interest in purchasing sulfuric acid seemed hazy and the production trend was down due to the heavy variation between supply and demand in the USA.
The global Sulphuric Acid market has expanded to reach approximately 233 million tonnes in 2022 and is expected to grow at an impressive CAGR of 3.50% during the forecast period until 2030.
Sulphuric Acid is well-known mineral acid and oxidizing agent, commonly produced by contact process method by sulphur dioxide production using sulphur in the presence of air across the globe. Sulphuric Acid is colorless and water-soluble, having various applications across the chemical, fertilizer, and pharmaceutical industry. More than half of sulphuric acid goes into the production of phosphoric Acid, which producers use to make phosphate fertilizers (e.g., DAP, MAP, APP, etc.) used in the agriculture sector owing to its properties which include root & seed development and overall plant maturation. Other industrial uses of sulphuric Acid are for producing dyes, pigments, medicines, explosives, surfactants, inorganic materials, and acids, as well as petroleum refining and metallurgical operations.
The primary driver of the Sulphuric acid market is the Phosphate Fertilizers Sector. Mono ammonium phosphate (MAP) and diammonium phosphate (DAP), blended with phosphate rock to create phosphoric Acid, are made using Sulphuric Acid as a feedstock. Since these minerals may be readily absorbed and utilized by crops, mineral fertilizers supplement the soil's nutritional levels. The increasing demand and consumption of food following the growing population at a high rate across various regions globally would generate the need for fertilizers which is expected to swell the total demand for Sulphuric Acid globally. The global Sulphuric Acid market is anticipated to reach 306 million tonnes by 2030.
The Asia Pacific region dominates the Sulphuric Acid market in terms of consumption. Asia Pacific is expected to dominate the Sulphuric Acid market in the coming years, backed by increasing population, food consumption, and expanding fertilizer and manufacturing industries across these countries. Additionally, some of the leading producers of Sulphuric Acid are in this region. Moreover, China, the fastest-growing economy, has massive potential for the pharma industry, which contributes significantly to the overall growth of Sulphuric Acid in the region through the forecast period.
Based on the end-user industry, the global Sulphuric Acid market is segregated into Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and Other end-use industries. Phosphate Fertilizers are dominating the Sulphuric Acid market on the global level. In 2022, this industry accounted for approximately 50% of the global market. The Metal Processing industry also relies heavily on sulphuric Acid. It is frequently employed in processing metals, such as in the production of copper and zinc, as well as in the "pickling" process, which cleans the surface of steel sheets. With ongoing construction projects, sulphuric acid demand for metal processing is anticipated to swell up by 2030.
Major players in the production of Global Sulphuric Acid are Yunnan Yun, Guizhau Phosphate Group, Saudi Arabian Mining Company (Ma’aden), OCP Group, Anhui Tomgling ( North ferrous metal), Hubei Yihua, Jiangsu copper, Sichuan Dragon Python Group, Hubei Xingfa, Aurubis, Shangdong Yanggy Xiansgguang, Boliden AB, and Codelco.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
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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 the globe.
• To analyse and forecast the market size of Sulphuric Acid
• To classify and forecast Global 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 the globe.
To extract data for Global 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 Global Sulphuric Acid market over the coming years.
ChemAnalyst calculated Sulphuric Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the of Sulphuric Acid by the end-user industries across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at 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 (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global 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 2022
233 million tonnes
Market size Volume by 2030
306 million tonnes
Growth Rate
CAGR of 3.50% from 2023 to 2030
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2030
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2030
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, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and Other)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Sulphuric Acid market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Sulphuric Acid.
3. Capacity By Location
To better understand the regional supply of Sulphuric Acid by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Sulphuric Acid by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and Other) are creating a market and the forecast for the growth of the Sulphuric Acid market.
7. Demand by Region
Analyzing the change in demand of Sulphuric Acid in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Sulphuric Acid. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Sulphuric Acid.
10. Company Share
Figure out what proportion of the market share of Sulphuric Acid is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of Sulphuric Acid exported by major countries.
12. Country-wise Import
Get details about quantity of Sulphuric Acid imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Sulphuric Acid.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What is the expected global market size of Sulphuric Acid in terms of volume for 2030?
Ans:
The global market size of Sulphuric Acid is expected to swell up in the coming years and reach approximately 306 million tonnes by 2030, with an expected CAGR of 3.50%.
Q2.
Which end-use industry is dominating the Global Sulphuric Acid market?
Ans:
The Phosphate Fertilizers industry is dominating the Sulphuric Acid market with a market share of 50% in 2022.
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