As per the ChemAnalyst report titled “Global Sulphuric Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030,” the global Sulphuric Acid market has experienced consistent growth in recent years and is projected to reach a market volume of 306 million tonnes with a Compound Annual Growth Rate (CAGR) of 3.50% by 2030. This growth is primarily driven by the constant demand from the agriculture sector, as the majority of Sulphuric Acid is used in the production of Phosphoric Acid, a key component in phosphate fertilizers.
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Sulphuric Acid is a highly reactive mineral acid and an oxidizing agent composed of sulphur, hydrogen, and oxygen. It is a colorless, corrosive liquid that is water-soluble. Sulphuric Acid is produced through two primary processes, the Lead Chamber Process and the Contact Process. The Contact Process is the predominant method for producing H2SO4, involving the production of sulphur dioxide using sulphur as a key feedstock in the presence of air. Apart from sulphur, other raw materials used in Sulphuric Acid production include exhaust gases and pyrite.
Sulphuric Acid finds applications in various industries, with fertilizer production being the major market driver. The increasing pressure on farmers to enhance crop yields to meet the demands of a growing global population has led to the need for fertilizers, thereby boosting the demand for Sulphuric Acid in the production of phosphate fertilizers. In addition, Sulphuric Acid is utilized in metal processing for ore cleaning, pickling of steel and iron to remove rust, oxidation, and scaling, making it suitable for subsequent use in the appliance and automotive sectors. It also plays a significant role in oil refining and wastewater processing.
The global Sulphuric Acid market is segmented based on end-use, sales channel, and region. In terms of end-user industries, the market is categorized into Phosphate Fertilizers, Metal Processing, Phosphating, Fibres, Paints & Pigments, and other industries. Phosphate Fertilizers dominate the Sulphuric Acid market globally, accounting for approximately 45% of the market in 2021.
The Asia-Pacific region holds the largest share of Sulphuric Acid consumption and is expected to continue dominating the market. The region’s increased demand for H2SO4 is driven by rapid industrialization, population growth, and a flourishing agriculture sector, leading to the expansion of fertilizer manufacturing industries in major agricultural countries such as China, India, Israel, Indonesia, and Australia. Additionally, the presence of leading Sulphuric Acid producers in Asia-Pacific contributes to the region’s market growth. North America is also expected to exhibit significant growth in the Sulphuric Acid market due to the presence of major chemical industries in the region.
Major players in the global Sulphuric Acid market include Yunnan Yun, Guizhou Phosphate Group, Saudi Arabian Mining Company (Ma’aden), OCP Group, Anhui Tomgling (North ferrous metal), Hubei Yihua, Jiangsu copper, Sichuan Dragon Python Group, Hubei Xingfa, Aurubis, Shandong Yanggy Xiansgguang, Boliden AB, and Codelco.
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Sulphuric Acid serves as a versatile chemical used in the manufacturing of various other chemicals, including Hydrochloric acid, Phosphoric Acid, Nitric Acid, Hydrofluoric acid, Titanium dioxide, and more. These chemicals are further employed in the production of dyes, pigments, synthetic detergents, sulfate salts, drugs, paints, coatings, and explosives. Additionally, Sulphuric Acid has applications as a cleaning agent, an electrolyte in lead-acid batteries, in chemistry laboratories, and as a domestic acidic drain cleaner. These diverse applications across different sectors contribute to the increasing demand for Sulphuric Acid and are expected to drive its market in the coming years. With new competitors emerging in the Asia-Pacific Sulphuric Acid market, players anticipate that there will be sufficient supply to meet future demand gaps. It is crucial to monitor which region will capture the largest market share in the years ahead.
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