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Sulphuric Acid Market Share, Growth Rate, and Forecast 2023- 28

  • According to IMARC Group’s latest research report, titled “Sulphuric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, presents a comprehensive analysis of the industry, covering sulphuric acid market trends, share, size, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.

    How big is the Sulphuric Acid Market?

    The global sulphuric acid market size reached US$ 15.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.

    What are Sulphuric Acid?

    Sulfuric acid, or oil of vitriol, refers to a highly corrosive and dense liquid with the chemical formula H2SO4. One of the most significant and often used industrial chemicals, it is essential to many industries, including manufacturing, agriculture, and labs. Sulphur is an abundant naturally occurring metal found in the Earth's crust and is the source of it. With a pH of less than 1, it is extremely reactive with a wide range of chemicals and is recognized for its potent acidic qualities. It is a colorless to slightly yellow viscous liquid that, when exposed to air, emits strong, suffocating odors. It has a significant dehydrating effect and is frequently used as a drying agent because of its affinity for water. Additionally, the contact method, which entails the oxidation of sulphur dioxide (SO2) to sulphur trioxide (SO3) and subsequent interaction with water, is used to generate it on a wide scale.

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    What are the Growth Prospects and Trends in the Sulphuric Acid Market?

    The escalating food security concerns majorly drive the global market. This can be supported by the growing need for fertilizers to produce nutrient-rich crops and significant growth in the population. Along with this, the widespread adoption of sulphuric acid in the agriculture industry for manufacturing phosphate fertilizers, such as superphosphate of lime and ammonium sulfate, to yield high crop production is significantly supporting the market. In addition, the rising sales of passenger and commercial vehicles across the globe positively influence the sulphuric acid market as it functions as an electrolyte in lead-acid storage batteries used in motor vehicle engines, hospital imaging devices, and farming equipment. Apart from this, the increasing utilization of sulphuric acid in household cleaning products such as soap, dishwasher liquid, and laundry detergent is contributing to the market. Furthermore, the extensive applications of sulphuric acid as a catalyst in petrochemical refining and metallurgical processes for purifying gasoline and refinery products are creating a positive market outlook.

    Who are the key Players Operating in the Industry?


    • Aarti Industries Ltd.
    • Aurubis AG
    • BASF SE
    • Boliden AB
    • Brenntag SE
    • Chemtrade Logistics
    • Lanxess AG
    • Merck KGaA
    • Nutrien Ltd.
    • PhosAgro
    • Solvay S.A.
    • The Mosaic Company
    • Valero Energy Corporation

    What is included in Market Segmentation?

    The report has segmented the market into the following categories:

    Breakup by Raw Material Type:

    • Elemental Sulfur
    • Pyrite Ore
    • Others

    Breakup by Form:

    • Concentrated (98%)
    • Tower/Glover Acid (77.67%)
    • Chamber/Fertilizer Acid (62.8%)
    • Battery Acid (33.5%)
    • 66 Degree Baume Sulfuric Acid (93%)
    • Dilute Sulfuric Acid (10%)

    Breakup by Distribution Channel:

    • Offline
    • Online

    Breakup by End Use Industry:

    • Fertilizer
    • Chemical and Pharmaceutical
    • Automotive
    • Petroleum Refining
    • Others

    Breakup by Region:

    • North America (United States, Canada)
    • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
    • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
    • Latin America (Brazil, Mexico, Others)
    • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

    Key Highlights of the Report:

    • Market Performance 
    • Market Outlook
    • Porter’s Five Forces Analysis
    • Market Drivers and Success Factors
    • SWOT Analysis
    • Value Chain
    • Comprehensive Mapping of the Competitive Landscape

    Key Highlights of the Report:

    • Market Performance 
    • Market Outlook
    • Porter’s Five Forces Analysis
    • Market Drivers and Success Factors
    • SWOT Analysis
    • Value Chain
    • Comprehensive Mapping of the Competitive Landscape

    Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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    IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

    IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

    Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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