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Global Sulfuric Acid Market Analysis and Forecast From 2021 – 2030

Gopika Ladda
Global Sulfuric Acid Market Analysis and Forecast From 2021 – 2030

Global Sulfuric Acid Market Overview-

In 2020, the sulfuric acid Market value is registered as USD 10.22 billion and is expected to grow at a significant rate of 2.76% CAGR with the sulfuric acid market size of USD 12.36 billion during the forecast period (2021-2030), Market Research Future (MRFR) unveils in a detailed report. Sulfuric acid market is considered one of the largest industrial chemicals in terms of volume. Sulfuric acid, also termed as vitriol, is a mineral acid, which is composed of oxygen, sulfur, and hydrogen, and is an odorless, colorless, and syrup liquid. Sulfuric acid is soluble in water and is synthesized in reactions, which are considered highly exothermic.

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Sulfuric Acid Market - Prominent Players Analysis:

Agrium, Akzo Nobel, Bayer, Bp, Chevron, Cytec Industries, Dupont, Evonik Industries, Honeywell, Solvay, and many more.

Market Potential and Pitfalls -

The demand for sulfuric acid market is skyrocketing across the globe, mainly due to the soaring demand for sulfur-based fertilizers. Sulfuric acid is extensively used in the wastewater treatment and oil gas industry, which is likely to trigger the demand from the sulfuric acid market. Sulfuric acid is extensively used to manufacture fertilizers and chemicals and is used in metal processing. This is anticipated to accelerate the market growth across the globe. It is highly used as a catalyst, dehydrating agent, and reactant by the automotive sector. The increasing demand for excellent food quality and high crop yield from the agricultural industry are further anticipated to stimulate the market in the long run. Sulfuric acid is also used in automotive batteries, which is likely to act as a primary growth stimulant for the market. 

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Industry News:

In February 2020, Voyageur Pharmaceuticals Ltd. Announced that they had received successful test results from SGS Minerals SGS Life Sciences division (“SGS”) on the Frances Creek barite project. SGS testing is a part of the preliminary process that would assess the economic state of the Frances Creek project. The company confirmed the barium sulfate mined from the Frances Creek barium sulfate had met all the specifications released by the US Pharmacopeia (USP) guidelines. 

The global market is expected some struggles in the coming days due to the COVID-19 pandemic outbreak. As a result of this outbreak, various industries have started suffering due to the lack of demand. Barite finds significant usage in the oil and mining sector, but due to the imposed lockdowns, the sector failed to meet the general standard of production. This triggered measures to save costs. It would affect the intake capacity of barite. Also, the slump in the construction sector can deter global market growth.

Sulfuric Acid Market - Segments:

The sulfuric acid market trends have been segmented globally based on the raw material, application, and region.

By Raw Material -

Elemental sulfur base metal, smelters pyrite ore, and others (from oil petroleum refineries).

By Region -

Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the sulfuric acid market.


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Regional Analysis -

The segmentation of the global Sulfuric Acid Market share comprises regions like Asia-Pacific, North America, Europe, and Rest of the World.

Globally, Asia-Pacific bears the dominant position in the Sulfuric Acid Market both in relation to the volume and value. The market is expected to continue with its rise in the forthcoming years at the same rate. Due to reasons such as rapid industrialization, low cost attached to labor and raw materials, and the high manufacturing rate of Chlor-Alkali products, China is the major revenue generating nation in the Asia-Pacific region.

 Study Objectives -

  • To provide detailed information about the sulfuric acid market structure along with various forecast segments and subsegments for the next 10 years.
  • To provide the factors that are affecting the growth of the sulfuric acid market value.
  • To analyze the sulfuric acid market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.
  • To provide history and forecast revenue segments and sub-segments of the sulfuric acid market revenue for the main geographies.
  • To provide the country-level analysis of the current sulfuric acid market size and future prospective.
  • To provide country-level analysis of the sulfuric acid market industry growth by region, form, and application.

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Table OfContent

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Sulfuric Acid Market

5 Industry Overview Of Global Sulfuric Acid Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

5.5 Impact Analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

  1. Global Sulfuric Acid Market By Region

Sulfuric Acid Market(Dilute Sulphuric Acid, Battery Acid, Concentrated Sulphuric Acid, And Chamber Acid)

Sulfuric Acid MarketPhosphate Fertilizers, Pulp And Paper Industry, Metal Processing, And Other Applications


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Gopika Ladda
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