Chief among the sulfuric acid market trends is the high demand for the liquid from different industries due to its multiple uses. Concentrated acid is expected to possess major market share due to its widespread application in industry such as producing phosphoric acid, in the production of fertilizers and so on. Sulphuric acid is a complex market that involves the chemistry of product supply and demand. Batteries utilized in automotive industry contains large amount of sulfuric-acid. The product is imported from the U.S. Increasing demand for environmentally mandated smelter capacity for the production of sulfuric acid is likely to propel the market over the forecast period. REGULATION 2.3.1.1. Rising exports from China to India and Philippines are expected to drive regional market growth. Global sulfuric acid market is expected to rise to an estimated value of USD 12.9 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. By application, this market is categorized into fertilizers, metal processing, chemical manufacturing, automotive, petroleum refining, and others. The growing production of industrial cleaning agents is expected to spur industry growth. Newark, NJ, Feb. 19, 2020 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the global sulfuric acid market is expected to grow from USD 11.02 billion in … Analysis of regional regulations and other government policies impacting the Sulfuric Acid Market. ... We will earn this position by providing market leading Value, Reliability, Quality, and Customer Service. TECHNOLOGICAL ADVANCEMENT AND INNOVATION IN CATALYST 4. JAPAN 6.3.4. An increase in the implementation of standards such as New Source Performance Standards (NSPS) to regulate the emissions of sulfur dioxide, sulfuric acid mist, particulate matter, and nitrogen oxides from H2SO4 production facilities is anticipated to augment market from 2017 to 2025. The global sulfuric acid market is expected to grow at the CAGR of 4.1 % during 2018-2023. Global Sulfuric Acid is segmented on the basis of regional outlook and following segments: Global Sulfuric Acid Market Research and Analysis, By Manufacturing Process Global Sulfuric Acid Market Research and Analysis, By Application Global Sulfuric Acid Market Research and Analysis, By Type Global Sulfuric Acid Market Research and Analysis, By Region The Report covers: Comprehensive research methodology of Global Sulfuric Acid Market. APPLICATION IN BLEACHING (PAPER & SUGAR INDUSTRY) 3.1.5. Factors, such as volatility in the raw material prices due to the rising consumption from phosphate fertilizer producers during tight supply period and the implementation of various regulations for the production of environmentally-friendly products, are expected to negatively impact the industry growth. MARKET OVERVIEW AND INSIGHTS 2.1. The key players of global sulfuric acid market include: Akzonobel NV, Atul Ltd, BASF SE, Chevron and Solvay, Cytec industries, DuPont and Honeywell International. Rising demand from industrial and phosphoric acid sectors owing to an increase in the cultivation of crops and higher crop yields is anticipated to trigger the growth of the market in China. About UsWise Guy Reports is part of the Wise Guy Consultants Pvt. Reference price of Sulfuric Acid is 66.281USD/MT, up 0.11% from 66.21USD/MT on 2020-12-29. https://www.wiseguyreports.com/sample-request/3186923-global-sulfuric-acid-market-research-and-forecast-2018-2023, https://www.wiseguyreports.com/reports/3186923-global-sulfuric-acid-market-research-and-forecast-2018-2023, Pre-cast Construction Market 2020 Global Share, Trend, Segmentation, Analysis and Forecast to 2026, Machine Learning as a Service (MLaaS) Market 2020 – Global Industry Applications Analysis, Opportunities, Size, Share, Growth, Trends and Forecast To 2025, Fashion Apparel Market 2020 Key players, Global Trend, Industry Size, Share, Price and Opportunities Forecast to 2025, Truck Freight Market 2020 Technology, Share, Demand, Opportunity, Projection Analysis Forecast Outlook 2026. Stringent measures are likely to be undertaken by the manufacturers for mining pyrites for the production of acid products as they are less environmental-friendly in comparison to elemental sulfur. The global sulphuric acid market is driven by the increase in the fertilizers and chemicals industry. China is the leading producer of pyrites and maximum share of this raw material is used for producing sulfuric acid. Canada and Mexico are the importers of sulfuric acid, which is produced from the byproduct of smelters. Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. KEY STRATEGIES 5.2. KEY FINDINGS 2.2.2. ATUL LTD 7.4. We stand by our report quality. Global sulfuric acid market is projected to reach USD 11.10 billion by 2021, at a CAGR of 2.87% during the forecast period. CONTACT PROCESS 4.2.2. Rising developmental activities such as enhancing the production capacities of companies to boost the manufacturing of sulfuric acid products from elemental sulfur are expected to trigger market growth. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. In December 2014, BASF entered into a partnership with Zhejiang Jiahua Energy Chemical Industry Co. Ltd., a subsidiary of Huafang Textile Co., Ltd. to construct an electronics-grade sulfuric acid plant in China to provide H2SO4 products to the growing semiconductor industry in this region. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. In Asia pacific, the major countries contributing to the market are China, India, and Japan. Privacy Policy. The contact process has a major market share due to wide spread acceptance of the technology. For instance, in June 2016, Veolia took over the sulfur products division of Chemour to strengthen the company’s services in the oil & gas industry for the recycling and treatment of industrial waste in the U.S. Increasing demand for the product from fertilizers, chemical manufacturing, paper & pulp, petroleum refinery, metal processing, and automotive industries for use as a catalyst, dehydrating agent, and a reactant is expected to boost the industry over the foreseeable period. Please wait while we are processing your request... Sulfuric Acid Market Size, Outlook, Industry Overview Report 2018-2025, Request discounts available for Start-Ups & Universities. Rising concerns about high crop yield and excellent food quality from the agricultural sector are projected to propel fertilizer market growth, which, in turn, is likely to trigger the sulfuric acid market. Titanium Dioxide Market Moved Down in Dec 2017 Rapid industrialization and urbanization are resulting in the reduction of arable land, which in turn is leading the farmers to use fertilizers for increasing crop yield. © Copyright iCrowdNewswire LLC 2020/01/10. Since, phosphate fertilizers are considered as the best fertilizer for agriculture, hence its demand is supporting the growth of the market. Application of sulfuric acid in production of phosphate fertilizers is a key factor that is expected to fuel the growth of global sulfuric acid market in coming years. COMPETITIVE LANDSCAPE 5.1. Increasing production of sulfur from China and Japan is projected to propel the product offerings of sulfuric acid in this region. MARKET DETERMINANT 3.1. Sulfuric is a strong acid manufactured by oxidizing solutions of Sulfur-dioxide. KEY COMPANY ANALYSIS 6. India is expected to show a significant growth in the manufacturing sector in the recent near future and hence expected to have a considerable market in the region. CHINA 6.3.3. The report analyses the global Sulfuric Acid market, the market size and growth, as well as the major market participants. Get your queries resolved from an industry expert. These companies are focusing on product innovations, expansions, and M&As, finding new market or innovate in their core competency in order to expand individual market share. AURUBIS AG 7.5. Design an exclusive study to serve your research needs. The global market size, share along with drivers and restraints are covered in the sulfuric acid market report Your supplier of sulfuric acid where reliability, consistency & quality of product and service are our goals. UK 6.2.2. GLOBAL SULFURIC ACID MARKET RESEARCH AND ANALYSIS, BY APPLICATION 4.1.1. CONCENTRATED SULFURIC ACID 5. The global Ultra High Purity Sulfuric Acid market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx%% in … The rise in the market value can be attributed to the extensive use of sulfuric acid, rapid industrialization and increase in the production of nutrient-rich food crops. Market Synopsis of Sulfuric Acid Market: Globally, the market of sulfuric acid is one of the largest – volume industrial chemicals. Extensive profiles and recent developments of market players. Sulphuric acid is widely used in the production of phosphate fertilizers. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". The fertilizer industry will have a major market share across the globe. North America will show a lucrative growth for sulfuric acid in the near future. Sulfuric acid (American / IUPAC spelling) or sulphuric acid (traditional / British spelling), also known as oil of vitriol, is a mineral acid composed of the elements sulfur, oxygen and hydrogen, with molecular formula H 2 SO 4.It is a colourless and viscous liquid that is soluble in water and is synthesized in reactions that are highly exothermic.. By raw material, the sulfuric acid market is segmented into elemental sulfur, pyrite ore, base metal smelters, and others. VOLATILITY IN PRICES OF RAW MATERIALS (SULFUR) 3.2.4. By application, the market is divided into chemicals manufacturing, metal processing, textile industry, paper & sugar industry, automotive industry, fertilizer industry. Additionally, sulfuric acid found a considerable utilization for sugar bleaching, paper bleaching, water treatment, cellulose fibers, coloring agents and so forth. The drivers for sulfuric acid market are automotive industry and chemical industry. INDIA 6.3.2. ANALYST INSIGHTS & CURRENT MARKET TRENDS 2.2.1. COMPANY PROFILES 7.1. The market is showing a growth owing to increasing demand of the Sulfur based products, rising demand in industrial and fertilizer sector globally. Please fill out the form below for a free PDF report sample & ITALY 6.3. The sulfuric acid is also used in the manufacturing of titanium dioxide, which is an important pigment used in the paints and coating industry, thus driving the global sulfuric acid market. RESEARCH METHODS AND TOOLS 1.2. MARKET BREAKDOWN 1.2.1. The analysis includes market size, upstream situation, market segmentation, market segmentation, price & cost and … The market is showing a growth owing to increasing demand of the Sulfur based products, rising demand in industrial and fertilizer sector globally. Sulfuric acid is produced by combustion of elemental sulfur. According to the report, the global sulfuric acid market was valued at approximately USD 11.40 billion in 2017 and is expected to generate around USD 12.71 billion by 2024, at a … DEFINITION 2.2. The report "Sulfuric Acid Market by Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore), Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper) - Global Forecast to 2021",global sulfuric acid market is projected to reach USD 11.10 billion by 2021, at a CAGR of 2.87% during the forecast period. The companies are mostly involved in the manufacturing of sulfur and their byproducts for use in various applications such as fertilizers, chemical manufacturing, petroleum refinery, and other related sectors. The Sulfuric Acid Market was worth USD 8.99 billion in the year 2014 and is expected to reach approximately USD 11.96 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.22% during the forecast period. AUTOMOTIVE INDUSTRY 4.1.6. This website is secure and your personal details are safe. By type of acid, the market is divided into dilute and concentrated. The global sulfuric acid market is expected to reach $83 billion by 2022.The key market driving end use is the agriculture segment (used for producing phosphoric acid, and in turn, phosphate fertilizers).Global agriculture production is expected and being aimed to grow at 1–2/year in the next decade, which is likely to be a key driver for the sulfuric acid market. These factors are likely to cause a hindrance to the growth of the pyrite ore raw material segment. Increasing need to expand the production of phosphate fertilizer due to rising fertilizer sector and stringent environmental regulations concerning the manufacturing of environmentally- friendly products is likely to boost the market over the coming years. OTHER (METABISULFITE METHOD AND MORE) 4.3. In terms of application, the sulfuric acid market has been segmented into fertilizers, chemical synthesis, wastewater treatment, metal & mining, semiconductors, and others. APPLICATION IN INDUSTRIAL WASTE WATER TREATMENT PLANT 3.1.3. The prices of sulfuric acid are strengthening due to the rising demand for the product in Asia Pacific. Thus, increasing demand for elemental sulfur for fertilizers is expected to drive growth of this segment in the global sulfuric acid market. 1. Elemental sulfur raw material segment grabbed significant market share in 2016 and is projected to progress at the fastest rate over the forecast period. Among application, fertilizers segment held the highest market share in 2017 in the global sulfuric acid market. APAC 6.3.1. All rights reserved. AGRIUM INC 7.2. Detailed and extensive market segments with regional distribution of forecasted revenues. INDIA, For Detailed Reading Please visit WiseGuy Reports @ https://www.wiseguyreports.com/reports/3186923-global-sulfuric-acid-market-research-and-forecast-2018-2023, 3. UNITED STATES 2.3.1.2. FRANCE 6.2.5. This market expected to witness substantial growth from 2021 to 2030 (forecast period). CANADA 6.2. METAL PROCESSING 4.1.3. 2018-02-01. An increase in the number of acid plants to meet growing consumer demand along with the rising supply of sulfur-burnt acids in the Middle East is projected to fuel the market from 2017 to 2025. Demand across the organic chemicals sector shall register a slump in growth albeit increasing demand for certain chemicals that find end applications in healthcare and food. OPPORTUNITY 3.3.1. This report has a service guarantee. MOTIVATORS 3.1.1. Asia Pacific was the largest regional segment and accounted for about 46% of the total revenue in 2016. Rising use of H2SO4 for the production of quality fertilizers for agricultural use to boost production capacity is projected to propel market growth. Sulfuric Acid Market was valued at USD 9.41 Billion in 2018 and is projected to reach USD 11.32 Billion by 2026, growing at a CAGR of 2.7% from 2019 to 2026. An increase in the number of H2SO4 manufacturers & suppliers is projected to boost market growth over the forecast period. The report will account for Covid19 as a key market contributor. Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the World. Copyright © 2021 Grand View Research, Inc. All rights reserved. Volume in Million Tons, Revenue in USD Million and CAGR from 2017 to 2025, North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, U.S., Canada, Mexico, Russia, Germany, France, China, Japan, India, Saudi Arabia, Revenue forecast, company share, competitive landscape, growth factors, and trends, 15% free customization scope (equivalent to 5 analyst working days), If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization. The acid is used for producing phosphoric acid, and as a consequence, phosphate fertilizers, which are extensively used in the agricultural sector. Sulfuric Acid Market is anticipated to reach USD XX.X MN by 2026, this market report provides the growth, trends, key players & forecast of the market based on in-depth research by industry experts. In order to restrict or curb environmental pollution, a large number of companies have adopted stringent measures to treat the emitted sulfur gas before releasing it into the atmosphere. STRICT GOVERNMENT REGULATIONS 3.2.2. For example, in the chemical industry, sulfuric acid is one of the key components in the manufacturing of industrial-grade chemicals such as nitric acid and hydrochloric acid. Artificial Intelligence driven Marketing Communications, Get in touch with one of our representatives and get yourPress Release published today, New Study on “2018-2023 Sulfuric Acid Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” added to Wise Guy Reports Database. It is projected to reach 278.33 million tons by 2021, at a … In general, it is colorless, odorless liquid which is soluble in water and corrosive in nature. Several companies are following investment and expansion strategies to strengthen their production capacities and penetrate into the emerging markets. The global sulfuric acid market has been segmented on the basis of manufacturing process, application, and type. It is mainly used in chemical manufacturing industry for making phosphate fertilizers automotive and pharmaceuticals. Petroleum and chemical refineries are largely involved in the production of contaminated sulfuric acid, resulting in the regeneration of pure and concentrated H2SO4 products. REPORT SUMMARY 1.1. PAPER & SUGAR INDUSTRY 4.1.5. Author: Andy Hemphill. The rise can be attributed to the presence of stringent environmental regulations to control emissions, which is expected to lead to the increased use of smelters to capture sulfur dioxide products. A large number of companies are primarily involved in mergers, acquisitions, and joint ventures to enhance their product portfolio and attain a significant presence in the market. This report also includes detailed and extensive market overview with key analyst insights. RESTRAINT 3.2.1. 2018-01-02. Siemens is making use of sulfuric acid to make new generation blowers in order to increase the efficiency, reliability in usage, and reduction in space for their turbo-compressors. All interactions are confidential. The basis of Raw Material the market is segmented into Elemental Sulfur, Base Metal Smelters, Pyrite Ore and Others. Try Sample Report @    https://www.wiseguyreports.com/sample-request/3186923-global-sulfuric-acid-market-research-and-forecast-2018-2023. NORTH AMERICAN 6.1.1. Southern States Chemical. Similarly, DuPont’s innovation is the high performance catalytic converter by using Sulfuric acid, which is named as GEAR to reduce pressure drop and improve performance. BY GEOGRAPHY 1.2.3. CHINA 2.3.1.4. China is the largest player in Asia in chemical industry hence anticipated to contribute as a major market for sulfuric acid market. WET SULFURIC ACID PROCESS 4.2.3. Fertilizers was the significant application segment in 2016 and accounted for around 54% of the overall market revenue. SAFETY AND ENVIRONMENTAL CONCERN 3.3. REST OF THE WORLD 7. Worldwide Electronic Grade Sulfuric Acid Market (up-to-date) impart a basic compendium of the trade along with type and end-user, analyzes the rate and scope of expansion of the market on a global front. The regenerated acids emit low emissions leading to reduced production costs, which makes it sustainable and environmentally friendly. LONDON (ICIS)--As festive holidays come to a close for much of Europe, players return to their desks amid a bearish outlook for global sulphuric acid trading. Rising demand for H2SO4 from the Philippines and Indonesia is expected to boost Asia Pacific regional market over the forecast period. Our support available to help you 24 hours a day, five days a week. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Increasing demand for improved quality of crop and rising population globally are likely to boost the market over the foreseeable period. Titanium Dioxide Market Inched Down in Jan 2018. CHEMICALS MANUFACTURING 4.1.2. The others segment includes pharmaceuticals, batteries, and paper & pulp. REST OF APAC 6.4. Increasing investments in the developmental activities related to chemical synthesis in the chemical manufacturing sector in China are projected to fuel the market growth over the forecast period. OUTLOOK '20: Sulphuric acid market begins 2020 on bearish note. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate supply agreements. The rise can be attributed to the presence of stringent environmental regulations to control emissions, which is expected to lead to the increased use of smelters to capture sulfur dioxide products. document.write(new Date().getFullYear()); The growing supply of H2SO4 products from Saudi Arabia and Morocco is expected to spur the market over the foreseeable period. By manufacturing processes, the market is divided in to contact process and wet sulfuric acid process. EXCEPTIONS 2. GLOBAL SULFURIC ACID MARKET RESEARCH AND ANALYSIS, BY TYPE OF ACID 4.3.1. FERTILIZER INDUSTRY 4.1.7. TEXTILE INDUSTRY 4.1.4. Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. UNITED STATES 6.1.2. SPAIN 6.2.4. CONCLUSION 2.3. The sulfuric acid market size was 244.26 million tons in 2015 and is projected to reach 278.33 tons by 2021, at a CAGR of 2.20% from 2016 to 2021. The Sulfuric Acid market is segmented on the lines of its Raw Material, application and regional. online dashboard trial. AKZO NOBEL N.V. 7.3. REGIONAL ANALYSIS 6.1. According to Stats and Reports, the Global Sulfuric Acid Market is estimated to reach xxx million USD in 2019 and projected to grow at the CAGR of xx% during the 2020-2025. In September 2016, Jacobs acquired Bayer’s sulfuric acid converter technology for processing sulfur gas. The market is fairly concentrated and highly competitive in nature. For the purpose of this study, Grand View Research has segmented the global sulfuric acid market on the basis of raw material, application, and region: Raw Material Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025), Application Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025), Regional Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025), We never share your personal data. BASF SE, For more information or any query mail at sales@wiseguyreports.com. The “ Industrial Sulfuric Acid Market ” report includes an in-depth analysis of the global Industrial Sulfuric Acid market for the present as well as forecast period. Few industry participants include DuPont, AkzoNobel N.V., BASF SE, Agrium Inc., PVS Chemical Solution, and Chemtrade Logistics among others. ALTERNATIVE OF LEAD ACID BATTERY IN AUTOMOTIVE 3.2.3. EUROPEAN UNION 2.3.1.3. OTHER (POWER GENERATION) 4.2. GROWING DEMAND OF THE SULFUR BASED PRODUCTS (IN CELLULOSE FIBER, STEEL MANUFACTURING) 3.2. Based on the Sulfuric Acid industrial chain, this report mainly elaborates the definition, types, applications and major players of Sulfuric Acid market in details. There is variation in pricing of Sulphuric acid between regions depending upon the regulations and concentrations. The raw material causes less pollution in comparison to pyrite ore or base metal smelters and is available in abundance in the industry. Sulphuric acid could be a complex market that involves the chemistry of product supply and demand. BY STAKEHOLDERS 1.2.4. BY SEGMENTS 1.2.2. The global sulfuric acid market is expected to reach $83 billion by 2022 The key market driving end use is the agriculture segment (used for producing phosphoric acid, and in turn, phosphate fertilizers) This report forecasts the growth in volume and revenue at the global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. Increasing use of sulfuric acid in automotive batteries is anticipated to trigger the automotive application segment over the coming years. Sulfuric is a strong acid manufactured by oxidizing solutions of Sulfur-dioxide. We are in compliance with GDPR & CCPR norms. USAGE IN PHARMACEUTICALS, FERTILIZER (AGRICULTURE) MARKETS 3.1.4. INCREASING DEMAND IN AUTOMOBILE SECTOR (BATTERIES AND ELECTRIC VEHICLE) 3.1.2. Sulfuric Acid Catalyst Market: Drivers and Restraints With increase in sulfur production across the globe the demand for sulfuric acid catalyst increased significantly in last few years. This intense competition between key players is expected to pose significant challenges in the domestic sulfuric acid market in North America. DILUTE SULFURIC ACID 4.3.2. The market is expected to be driven by the end-use sectors like the agriculture segment. This statistic shows the market revenue of sulfuric acid in the United States in 2014 and 2015, and forecasted figures from 2016 to 2025. 2018-02-01. The automotive industry is projected to progress at the highest CAGR over the forecast period. GERMANY 6.2.3. Insights about market determinants which are stimulating the Sulfuric Acid Market. EUROPE 6.2.1. RECOMMENDATION 2.2.3. Citric Acid Market Inched Down in Jan 2018. MARKET SEGMENTATION 4.1. The growing demand for sulfuric acid and increasing production in Middle East region by key players will lead to stiff competition in the domestic market. The global sulfuric acid market size was valued at USD 10.10 billion in 2016 and is expected to witness progress due to increase and planned growth in fertilizers using phosphates. GLOBAL SULFURIC ACID MARKET RESEARCH AND ANALYSIS, BY MANUFACTURING PROCESSES 4.2.1. The fertilizer segment is dominates the global sulfuric acid … The global sulfuric acid market size was valued at USD 10.10 billion in 2016 and is expected to witness progress due to increase and planned growth in fertilizers using phosphates. [156 Pages Report] The Global Sulfuric Acid Market was valued at USD 9.35 billion in 2015 and is projected to reach USD 11.10 billion by 2021, at a CAGR of 2.87% from 2016 to 2021. In general, it is colorless, odorless liquid which is soluble in water and corrosive in nature. The fertilizer industry is increasing due to increasing usage of phosphate fertilizers in crops. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. The report also includes detailed market overview, strategic recommendations, key company analysis, key findings, analyst insights, predictive analysis, patent analysis, pipeline analysis, market determinants, market segmentation and company profiling of the market. Producing sulfuric acid is a complex market that involves the chemistry of product supply and.. Acid 4.3.1 countries contributing to the growth of the sulfur based products, rising in... Acid manufactured by oxidizing solutions of Sulfur-dioxide industry and chemical industry hence to! Influencing the market is showing a growth owing to increasing usage of phosphate fertilizers automotive and pharmaceuticals to production... 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