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Sulfuric acid or H2SO4 is a strong mineral acid that is totally miscible with water and dissociates readily in water to sulphate ions and hydrated protons. Sulfuric acid is synthesized from hydrolysis of sulphur oxides produced by combustion processes, wet deposition, mostly as mixture with nitrogen oxides and nitric acid. The emissions of sulphuric acid in the aquatic environment usually occur from manufacturing industrial locations, after neutralisation and are primarily in the form of sulphate ions. Alternatively, following manufacturing and use, it can enter the terrestrial environment as stable gypsum (calcium sulphate). Moreover, sulfuric acid having a concentration of 93% to 98%, is extensively used in the manufacture of fertilizers, dyes, explosives, and petroleum products.
The agriculture sector needs to produce more efficient and waste-less yield to meet the, growing population, reducing agricultural land, and rising demand for nutrient-rich food crops. The agricultural industry has demanded the best fertilizers, which is driving the expansion of the sulfuric acid market, in order to get the best yield possible. Due to increasing demand in the metal processing and automotive industries, among many others, sulfuric acid has various applications. In many industries, including fertilisers, paper and pulp, petroleum efficiency, chemical manufacture, automotive, and metal processing, sulphuric acid functions as a dehydrating agent, catalyst, and reactant, which increases the demand for the product to boost market growth. The market’s expansion is being driven by the increased demand for the sulphuric acid used in the manufacture of phosphate fertilizers. For instance, Food and Agriculture Organization (FAO) research states that the global demand for phosphate fertilizers was 43.2 million tons in 2017 and is expected to rise to 45.8 million tonnes in 2020, which is fuelling the expansion of the global industry. Additionally, the reduction of arable land due to urbanization and industrialization results farmers using fertilizers to boost crop productivity. The increasing use of sulphuric acid in the manufacture of high-quality agricultural fertilisers to increase production capacity is anticipated to fuel market growth. The majority of the production of contaminated sulphuric acid, which leads to the regeneration of pure and concentrated sulphuric products, occurs in chemical and petroleum refineries. Low emissions from the regenerated acid result in lower production costs, making it sustainable and environmentally friendly. Over the forecast period, rising investment in chemical synthesis research and development in China’s chemical manufacturing industry are anticipated to drive the market for sulphuric acid.
Strict government regulations on sulfuric acid consumption are anticipated to hamper market expansion due to dangerous effects of the strong acidic mixture. For instance, sulfuric acid is categorized as a carcinogen by the American Conference of Governmental Industrial Hygienists (ACGIH). The excess supply of resources hinders the sale of sulfuric acid, which is limiting market expansion. Moreover, as sulfuric acid absorbs moisture and water from its surrounding, it has a drying effect. It is a poisonous, colorless substance that must be kept in storage at a particular temperature range. It must have a minimum concentration of around 90% and be transported in a stainless steel tank or container with temperatures in a range of 35°C. Concerns about sulfuric acid handling and transportation are also anticipated to provide difficulties for the market of sulfuric acid throughout the forecast period.
Fluctuation in the price of raw materials is the major challenge for the key players in the market as it is difficult to fix the price of sulfuric acid during the forecast period. Numerous uses for ultra-pure sulfuric acid tare found in the pharmaceutical and electronic industries. For the top players, improving the manufacture of ultra-pure sulfuric acid is still a difficult task. By distilling raw materials, including sulfuric acid, at their boiling point, ultra-pure sulfuric acid is produced. In industries sulfuric acid is directly distillated to remove impurities while creating a mist that is hazardous to the environment. Manufacturers are required to use a variety of pollution control systems due to numerous environmental rules imposed on industrial emissions. The high production costs of ultra-pure sulfuric acid are a result of the high expenses associated with this pollution control equipment, which includes installation costs, purchase costs, maintenance costs, and others. Over the forecast period, this is anticipated to pose a challenge to the growth of the worldwide sulfuric acid market
The report provides an in-depth analysis of Global Sulfuric Acid Market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. Increasing demand for fertilizers and rising use of oleum are attributed to the market growth.
Among all raw materials, elemental sulphur accounted for the largest market share of the sulfuric acid market due to the abundant availability of elemental sulfur in the market. Also, the production of sulfuric acid through elemental sulfur is less environmentally polluting as compared to pyrite ore roasting and base metal smelting. The base metal smelter and pyrite ore roasting facilities are required to execute strict processes for treating the produced sulfuric acid gases before their discharge into the atmosphere, but sulfuric acid production is less contaminated given the heavy use of heavy use of sulphur in that process.
The fertilizer segment accounted for the largest application of sulfuric acid in the market. The growing use of sulfuric acid to produce quality fertilizers for agricultural use is projected to propel market growth. Moreover, growing urbanization and industrialization have caused tracts of agricultural land to deteriorate. Fertilizers are frequently employ by farmers throughout the world in this condition to increase crop output, which is projected to stimulate the expansion of the sulfuric acid market over the forecast period.
Based on Raw Materials, this market is segmented into Elemental sulphur, Base metal smelters, Pyrite ore, and Others (from oil & petroleum refineries). Among all raw materials, elemental sulphur accounted for the largest market share of the sulfuric acid market due to the abundant availability of elemental sulfur in the market. Also, the production of sulfuric acid through elemental sulfur is less environmentally polluting as compared to pyrite ore roasting and base metal smelting. Based on application, the global sulfuric acid market is divided into Fertilizers, Metal process wastewater paper, Petroleum refining, Textiles, Automotives, Chemical manufacturing and Others. The fertilizer segment accounted for the largest application of sulfuric acid in the market. The growing use of sulfuric acid to produce quality fertilizers for agricultural use is projected to propel market growth. Moreover, growing urbanization and industrialization have caused tracts of agricultural land to deteriorate. In addition to this, based on various manufacturing processes, this market is categorized into Lead chamber process, Contact process, Wet sulfuric acid process, and others. The contact process accounts for the largest market, and is expected to witness high growth due to its lower emission of harmful gases due to during the production of sulfuric acid. The Global Sulfuric Acid Market is studied for the following region North America, Europe, Asia-Pacific and the Rest of the World (RoW). Asia-Pacific is estimated to account for the largest share, both, in terms of value and volume. The blooming chemical industry and easy availability of raw materials are the key growth drivers for sulfuric acid in this region.
| Market Sizing for Year: | 2021-2028 |
| Base Year: | 2021 |
| Forecast Period: | 2022-2028 |
| Value: | USD
Million |
| Market Segment studied: | Raw Material Application Manufacturing Process |
| Market Players and its Competitors: | Agrium Inc. Akzonobel N.V. Aurubis BASF SE Chemtrade Logistics Inc. E. I. Du Pont De Nemours and Company Groupe Chimique Tunisien Sa Ineos Enterprises, Limited Maaden - Saudi Arabian Mining Company OCP Group, PhosAgro, Potashcorp PVS Chemicals, Inc. |
FREQUENTLY ASKED QUESTIONS
What are the drivers for Sulfuric Acid Market?
The key driving factors of the market are rapidly increasing industrialization and Urbanization.
Which is the leading application segment for the Sulfuric Acid market?
Fertilizer has accounted for the major market share and is expected to witness growth at the highest pace during the forecast period.
Which region is gaining majority of market share during the forecast period (2021-2028)?
Asia Pacific is expected to dominate the Sulfuric Acid Market during the forecast period (2021-2028).
