Sulfuric Acid Market

Global Sulfuric Acid Market Analysis and Opportunity Assessment Purity Type, Application, Raw Materials, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 7,237.1 Mn between 2022 and 2032

Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00414 Format: PDF Pages: 290

Sulfuric Acid  Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Sulfuric Acid  Market grew at a CAGR of 2.6% between 2017-2021 and is estimated to be US$ 19,547.1 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 3.2 % and is expected to reach a valuation of US$ 26,784.2 Mn by 2032 end.

Throughout the projected period, Sulfuric acid is one of the primary chemicals used in agriculture and manufacturing. It is also used as a fuel additive in automobiles, and its production is expected to increase during the forecast period.

Market Dynamic


Sulfuric acid is one of the most widely used industrial chemicals, and it is also one of the most widely used raw materials in manufacturing. It is used in various applications, including the production of semiconductors, detergents, and disinfectants. The market for sulfuric acid will grow as demand for these end-use industries grows.


Sulfuric acid is a highly corrosive liquid. It is used in a wide range of industries, including petroleum refining and the chemical industry. It can be used as an intermediate in the production of many other chemicals such as sodium hydrogen sulfide, aluminum chloride, sodium carbonate, and ammonia.

Sulfuric acid has a strong odor but no distinctive taste or color. This makes it easy to detect if there has been any leakage into the environment when transporting this product.


Wastewater treatment is carried out for environmental protection and sulfuric acid is the most widely used chemical to bring the pH level of wastewater back to normal. Sulfuric acid helps in pH level neutralization and eliminating solid particles such as polymers, alums, and ferric chloride. It also controls and prevents offensive odor found in wastewater and destroys pathogens that can spread diseases. Using sulfuric acid in chemical treatment enables the separation of water and sludge COVID-19 Impact

The COVID-19 pandemic has led to a decrease in the economy, which has resulted in loss and debt for some industries. However, some industries are experiencing a rise in demand and profit, like the healthcare, chemical, and pharmaceutical industries.

Sulphuric acid is one such product that is used in the production of pesticides and cleaning products. Cleaning products are highly needed during this period due to the high risk of contracting corona cases. With more people seeking to clean their houses during this time, the demand for cleaning products rises significantly. This increase in demand results in an increase in sales for this particular industry as well as other related industries such as agriculture and food processing.

Sulfuric Acid  Market

Market Segments Covered in Report

By Purity Type:

  • Standard
  • Ultra-Pure

By Raw Materials:

  • Elemental Sulfur
  • Base Metal Smelters
  • Pyrite Ores
  • Others

By Application:

  • Fertilizers
  • Petroleum Refining
  • Metal Production & Processing
    • Steel Pickling
    • Copper Production
    • Metal Surface Cleaning
    • Others
  • Wastewater Treatment
  • Chemicals Production
  • Textile Processing
  • Pulp & Paper Production
  • Semiconductor & Electronics
    • Battery Electrolyte
    • Integrated Circuit Components Fabrication
    • Photovoltaic Cells
  • Pharmaceuticals
  • Domestic Cleaning Products
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are Fertilizers projected to ensure the most revenue during the forecast period?

At 55.0% of the market, Fertilizers had the greatest revenue share. Sulfuric acid is a key raw material that reacts with phosphate rock in the processing plant to generate phosphoric acid and phosphogypsum. Phosphoric acid is formed as an intermediary product in the production of all high-grade phosphate fertilizers. With the growing need for an increase in yield from farmers and decreasing availability of fertile land for agricultural practices due to growing urbanization, the demand for fertilizers is estimated to increase rapidly. These are some factors that will drive the market for the segment.

Why is the elemental sulfur segment the largest market during the forecast period?

Elemental sulfur is mainly recovered from petroleum refineries and natural gas operations. Sulfur ranks as one of the most important elements used as an industrial raw material and is of prime importance to the fertilizer and manufacturing industries. Elemental sulfur is one of the widely used raw materials in the manufacturing of sulfuric acid Thus, with growth in demand for sulfuric acid in various industries, the demand for this segment is expected to boost during the forecast period.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, the Asia Pacific market held a sizeable revenue share of 48.5%. e  rapid expansion of the chemical industry, growing demand for metals and car batteries, increasing usage of mineral acids, and large presence of leading sulfuric acid manufacturers are anticipated to further expand the sulfuric acid market size in China during the forecast period.
  • The U.S. is the main driver of regional growth in North America, which has the second-largest proportion of the Sulfuric Acid market Demand for sulfuric acid is expected to remain robust during the forecast period, thanks to the substantial development in manufacturing and chemical industries, the rise in production and sales of electric vehicles, increasing consumption of strong acids, and heavy presence of leading sulfuric acid manufacturers.

Competition Analysis

Major players are focusing on developing new plants with higher capacity than existing ones due to rising demand for high-purity chemicals due to increasing demand for electronic products such as smartphones and laptops.

Some of the key developments that have taken place in the Sulfuric Acid  Market include:

  • In August 2021, To meet the rising demand from the semiconductor industry, Sumitomo Chemical Corporation announced an increase in its high-purity sulfuric acid manufacturing capacity.
  • In July 2021, An agreement was reached by BASF SE, Zhejiang Jiahua Energy Chemical Industry Co., Ltd, and its subsidiary to increase the capacity of sulfuric acid manufacturing for electronic use.

A list of some of the key suppliers present in the market are:

  • Ineos Group Ltd
  • KANTO Corporation
  • Aurubis AG
  • Avantor Performance Materials, LLC
  • PVS Chemicals Inc.
  • Seastar Chemicals
  • KMG Chemicals
  • Qingdao Hisea Chem Co.Ltd
  • Linde Group
  • Nouryon
  • Cornerstone Chemical Company
  • Ma’aden – Saudi Arabian Mining Company
  • Canada Colors and Chemicals Limited
  • Hubei Xingfa Chemicals Group Co., Ltd
  • Asia Union Electronic Chemical Corporation (AUECC)
  • Tata Chemicals
  • Trident Group
  • Boliden Group

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Purity Type, Application, Raw Materials, and Region.
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request