The global sulfuric acid market size was USD 14.38 billion in 2023, calculated at USD 15.56 billion in 2024 and is projected to surpass around USD 33.90 billion by 2034, expanding at a CAGR of 8.1% from 2024 to 2034.
The global sulfuric acid market size accounted for USD 15.56 billion in 2024 and is expected to be worth around USD 33.90 billion by 2034, at a CAGR of 8.1% from 2024 to 2034.
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The Asia Pacific sulfuric acid market size was estimated at USD 6.61 billion in 2023 and is predicted to be worth around USD 15.59 billion by 2034, at a CAGR of 8.3% from 2024 to 2034.
Sulfuric acid market with increased demand and development across various regions. Asia Pacific region with increased market share with increased developments in increased utilization of sulfuric acid in various industries widely accepted by the industrial sector by the farmers for increasing the growth of the crops using fertilizers for increasing the productivity of the crops and fulfilling the needs of the consumers. Also contributes for rising the sulfuric acid usage which createss less pollution than other raw materials.
The rapid utilization of sulfuric acid in fertilizers, chemical industries, the automobile industry, and many more drives the market of sulfuric acid. Sulfuric acid is basically known as vitriol it contains components such as sulfur, oxygen, and hydrogen. Sulfuric acid molecular formula id H2SO4. Sulfuric acid is colorless, odorless, and viscous in nature it is miscible with water and soluble. Sulfuric acid pure is not available in nature because sulfuric acid is attracted to the water vapors. Being hygroscopic in nature, and absorption of water from the air. Increased corrosion of sulfuric acid towards some of the materials such as rock to metal.
One of the major properties of sulfuric acid is its dehydrating nature. Mixing water with sulfuric acid the gas fumes are released with the bubbles. Sulfuric acid is hazardous and can be harmful in contact with the body and may cause burns. Dilute sulfuric acid is comparatively less hazardous, having dehydrating properties. Production of sulfuric acid is done by various processes with increased utilization. Sulfuric acid is basically the raw material used during the processing or manufacturing or production the new chemical synthesis, drugs, and fertilizers. Sulfuric acid contains nutrients such as phosphorous, potassium, and nitrogen which are the main components for increasing the crops with improved quality.
Impact of Covid-19 on the sulfuric acid market with increased rules and regulations imposed by the government due to widespread of coronavirus across the region. This led to the lockdown in many regions which halt the growth, due to the shutdown of the industries, and ceased transportation which decreased the market size of sulfuric acid. Post pandemic situation of the sulfuric acid market extended the market growth with increased demands from the agriculture sector during the forecast period.
Utilization of sulfuric acid in chemical industries for increasing the synthesis of the chemical and producing and developing new drugs in the pharmaceutical industries with increased production and manufacturing of the medications. Enhanced utilization in the automobile industry is majorly utilized in batteries which helps to store the energy which fuels the market of sulfuric acid with increased usage of sulfuric acid.
Increased research and development in chemical synthesis and increased usage of fertilizers with increasing the output with increased performance of sulfuric acid drive the market to enhance during the forecast period. The key market players involved sulfuric acid which supports to increase in the development of sulfuric acid and increased investment for introducing new fertilizers and chemicals boosts the market development of sulfuric acid to a larger extent.
Report Coverage | Details |
Market Size in 2023 | USD 14.38 Billion |
Market Size in 2024 | USD 15.56 Billion |
Market Size by 2034 | USD 33.90 Billion |
Growth Rate from 2024 to 2034 | CAGR of 8.1% |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | Raw Material, Form, Manufacturing Process, Distribution Channel, Applications, and Purity Type |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Raw materials elemental sulfur to gain the largest market in sulfuric acid with the increased utilization of sulfur in producing sulfuric acid having less pollution characteristics than that of pyrite ores, oil and petroleum refining industries and base metal smelters. Increased rapid adoption of the sulfuric acid in various sectors drives the market growth of sulfuric acid. Elemental sulfuric acid to be the processing material involved in chemical synthesis wide characteristics of sulfuric acid with increased production of drugs in pharmaceutical industries boost the market development.
Utilization of sulfuric acid in producing fertilizers for yielding the crops with increased quality and quantity of the crops using fertilizers with improved nutrients. Increasing demands for the fertilizers drives the growth of the sulfuric acid market with increased production of the crops required for daily life. Fulfilling the needs of the consumers with enhance growth of the crops lack of fertilizers in the field may not give the required productivity.
Mixing of the fertilizers with the soil which empowers the soil with increased nutrients in the soil with high efficacy and continuous research and development of fertilizers with increased demands from the farmer that is agriculture sector enhanced the market of sulfuric acid with wide applications in various sector. In chemical industry also with significant rise of the market with improved chemical synthesis and drug development.
On the basis of distribution channel, offline category with increased market share with increased transportation of bulk due to increased demands from the consumers with increased rules and regulation regarding handling of the sulfuric acid being hygroscopic and exothermic in nature.
Segments Covered in the Report
By Raw Material
By Form
By Manufacturing Process
By Distribution Channel
By Applications
By Purity Type
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Sulfuric Acid Market
5.1. COVID-19 Landscape: Sulfuric Acid Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Sulfuric Acid Market, By Raw Material
8.1. Sulfuric Acid Market, by Raw Material, 2024-2034
8.1.1. Base metal smelters
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Elemental Sulfur
8.1.2.1. Market Revenue and Forecast (2021-2034)
8.1.3. Pyrite Ore
8.1.3.1. Market Revenue and Forecast (2021-2034)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2021-2034)
Chapter 9. Global Sulfuric Acid Market, By Form
9.1. Sulfuric Acid Market, by Form, 2024-2034
9.1.1. Concentrated
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Tower/Glover acid
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Chamber/ Fertilizer acid
9.1.3.1. Market Revenue and Forecast (2021-2034)
9.1.4. Battery acid
9.1.4.1. Market Revenue and Forecast (2021-2034)
9.1.5. 66 Degree Baume Sulfuric Acid
9.1.5.1. Market Revenue and Forecast (2021-2034)
9.1.6. Dilute Sulfuric Acid
9.1.6.1. Market Revenue and Forecast (2021-2034)
Chapter 10. Global Sulfuric Acid Market, By Manufacturing Process
10.1. Sulfuric Acid Market, by Manufacturing Process, 2024-2034
10.1.1. Contact process
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Lead chamber process
10.1.2.1. Market Revenue and Forecast (2021-2034)
10.1.3. Wet sulfuric acid process
10.1.3.1. Market Revenue and Forecast (2021-2034)
10.1.4. Metabisulfite process
10.1.4.1. Market Revenue and Forecast (2021-2034)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2021-2034)
Chapter 11. Global Sulfuric Acid Market, By Distribution Channel
11.1. Sulfuric Acid Market, by Distribution Channel, 2024-2034
11.1.1. Online
11.1.1.1. Market Revenue and Forecast (2021-2034)
11.1.2. Offline
11.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 12. Global Sulfuric Acid Market, By Applications
12.1. Sulfuric Acid Market, by Applications, 2024-2034
12.1.1. Fertilizers
12.1.1.1. Market Revenue and Forecast (2021-2034)
12.1.2. Chemical industries
12.1.2.1. Market Revenue and Forecast (2021-2034)
12.1.3. Petroleum refining
12.1.3.1. Market Revenue and Forecast (2021-2034)
12.1.4. Metal processing- Steel picking, Copper production, Metals surface cleaning, others
12.1.4.1. Market Revenue and Forecast (2021-2034)
12.1.5. Automotive
12.1.5.1. Market Revenue and Forecast (2021-2034)
12.1.6. Textile
12.1.6.1. Market Revenue and Forecast (2021-2034)
12.1.7. Drug manufacturing
12.1.7.1. Market Revenue and Forecast (2021-2034)
12.1.8. Pulp & paper
12.1.8.1. Market Revenue and Forecast (2021-2034)
12.1.9. Industrial
12.1.9.1. Market Revenue and Forecast (2021-2034)
12.1.10. Semiconductor Electronics- Battery Electrolyte, Integrated circuit components, fabrication, photovoltaic cells.
12.1.10.1. Market Revenue and Forecast (2021-2034)
12.1.11. Domestic cleaning products
12.1.11.1. Market Revenue and Forecast (2021-2034)
12.1.12. Wastewater treatment
12.1.12.1. Market Revenue and Forecast (2021-2034)
12.1.13. Others
12.1.13.1. Market Revenue and Forecast (2021-2034)
Chapter 13. Global Sulfuric Acid Market, By Purity Type
13.1. Sulfuric Acid Market, by Purity Type, 2024-2034
13.1.1. Standard
13.1.1.1. Market Revenue and Forecast (2021-2034)
13.1.2. Ultra-pure
13.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 14. Global Sulfuric Acid Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.1.2. Market Revenue and Forecast, by Form (2021-2034)
14.1.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.1.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.1.5. Market Revenue and Forecast, by Applications (2021-2034)
14.1.6. Market Revenue and Forecast, by Purity Type (2021-2034)
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.1.7.2. Market Revenue and Forecast, by Form (2021-2034)
14.1.7.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.1.7.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.1.8. Market Revenue and Forecast, by Applications (2021-2034)
14.1.8.1. Market Revenue and Forecast, by Purity Type (2021-2034)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.1.9.2. Market Revenue and Forecast, by Form (2021-2034)
14.1.9.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.1.9.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.1.10. Market Revenue and Forecast, by Applications (2021-2034)
14.1.11. Market Revenue and Forecast, by Purity Type (2021-2034)
14.1.11.1.
14.2. Europe
14.2.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.2.2. Market Revenue and Forecast, by Form (2021-2034)
14.2.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.2.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.2.5. Market Revenue and Forecast, by Applications (2021-2034)
14.2.6. Market Revenue and Forecast, by Purity Type (2021-2034)
14.2.7.
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.2.8.2. Market Revenue and Forecast, by Form (2021-2034)
14.2.8.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.2.9. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.2.10. Market Revenue and Forecast, by Applications (2021-2034)
14.2.10.1. Market Revenue and Forecast, by Purity Type (2021-2034)
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.2.11.2. Market Revenue and Forecast, by Form (2021-2034)
14.2.11.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.2.12. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.2.13. Market Revenue and Forecast, by Applications (2021-2034)
14.2.14. Market Revenue and Forecast, by Purity Type (2021-2034)
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.2.15.2. Market Revenue and Forecast, by Form (2021-2034)
14.2.15.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.2.15.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.2.16. Market Revenue and Forecast, by Applications (2021-2034)
14.2.16.1. Market Revenue and Forecast, by Purity Type (2021-2034)
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.2.17.2. Market Revenue and Forecast, by Form (2021-2034)
14.2.17.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.2.17.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.2.18. Market Revenue and Forecast, by Applications (2021-2034)
14.2.18.1. Market Revenue and Forecast, by Purity Type (2021-2034)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.3.2. Market Revenue and Forecast, by Form (2021-2034)
14.3.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.3.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.3.5. Market Revenue and Forecast, by Applications (2021-2034)
14.3.6. Market Revenue and Forecast, by Purity Type (2021-2034)
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.3.7.2. Market Revenue and Forecast, by Form (2021-2034)
14.3.7.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.3.7.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.3.8. Market Revenue and Forecast, by Applications (2021-2034)
14.3.9. Market Revenue and Forecast, by Purity Type (2021-2034)
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.3.10.2. Market Revenue and Forecast, by Form (2021-2034)
14.3.10.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.3.10.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.3.11. Market Revenue and Forecast, by Applications (2021-2034)
14.3.11.1. Market Revenue and Forecast, by Purity Type (2021-2034)
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.3.12.2. Market Revenue and Forecast, by Form (2021-2034)
14.3.12.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.3.12.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.3.12.5. Market Revenue and Forecast, by Applications (2021-2034)
14.3.12.6. Market Revenue and Forecast, by Purity Type (2021-2034)
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.3.13.2. Market Revenue and Forecast, by Form (2021-2034)
14.3.13.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.3.13.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.3.13.5. Market Revenue and Forecast, by Applications (2021-2034)
14.3.13.6. Market Revenue and Forecast, by Purity Type (2021-2034)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.4.2. Market Revenue and Forecast, by Form (2021-2034)
14.4.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.4.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.4.5. Market Revenue and Forecast, by Applications (2021-2034)
14.4.6. Market Revenue and Forecast, by Purity Type (2021-2034)
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.4.7.2. Market Revenue and Forecast, by Form (2021-2034)
14.4.7.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.4.7.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.4.8. Market Revenue and Forecast, by Applications (2021-2034)
14.4.9. Market Revenue and Forecast, by Purity Type (2021-2034)
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.4.10.2. Market Revenue and Forecast, by Form (2021-2034)
14.4.10.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.4.10.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.4.11. Market Revenue and Forecast, by Applications (2021-2034)
14.4.12. Market Revenue and Forecast, by Purity Type (2021-2034)
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.4.13.2. Market Revenue and Forecast, by Form (2021-2034)
14.4.13.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.4.13.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.4.13.5. Market Revenue and Forecast, by Applications (2021-2034)
14.4.13.6. Market Revenue and Forecast, by Purity Type (2021-2034)
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.4.14.2. Market Revenue and Forecast, by Form (2021-2034)
14.4.14.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.4.14.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.4.14.5. Market Revenue and Forecast, by Applications (2021-2034)
14.4.14.6. Market Revenue and Forecast, by Purity Type (2021-2034)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.5.2. Market Revenue and Forecast, by Form (2021-2034)
14.5.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.5.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.5.5. Market Revenue and Forecast, by Applications (2021-2034)
14.5.6. Market Revenue and Forecast, by Purity Type (2021-2034)
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.5.7.2. Market Revenue and Forecast, by Form (2021-2034)
14.5.7.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.5.7.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.5.8. Market Revenue and Forecast, by Applications (2021-2034)
14.5.8.1. Market Revenue and Forecast, by Purity Type (2021-2034)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Raw Material (2021-2034)
14.5.9.2. Market Revenue and Forecast, by Form (2021-2034)
14.5.9.3. Market Revenue and Forecast, by Manufacturing Process (2021-2034)
14.5.9.4. Market Revenue and Forecast, by Distribution Channel (2021-2034)
14.5.9.5. Market Revenue and Forecast, by Applications (2021-2034)
14.5.9.6. Market Revenue and Forecast, by Purity Type (2021-2034)
Chapter 15. Company Profiles
15.1. UBE Industries, Ltd
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Boliden Group
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Trident Group
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Tata Chemicals
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Asia Union Electronic Chemical Corporation
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Hubei Xingfa Chemicals Group Co., Ltd
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Canada Colors and chemicals Limited
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Maaden - Saudi Arabian Mining Company
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Nouryon
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. Cornerstone Chemical Company
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
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