PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1807084
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1807084
The global sulfuric acid market is projected to grow from USD 41.23 billion in 2025 to USD 49.94 billion by 2030, at a CAGR of 3.9% during the forecast period. Sulfuric acid is an essential industrial chemical used across various sectors because of its strong acidic and dehydrating properties.
Scope of the Report | |
---|---|
Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million), Volume (Million Tons) |
Segments | Raw Material, Grade, Form Type, Process, and Application |
Regions covered | North America, Asia Pacific, Western Europe, Central & Eastern Europe, South America, and the Middle East & Africa |
It is mainly produced through the contact process using raw materials like elemental sulfur and pyrite ore and is used in fertilizers, metal processing, petroleum refining, textiles, and chemical manufacturing. The sulfuric acid market is steadily growing, driven by increasing demand in chemical manufacturing and petroleum refining. In chemical manufacturing, it plays a crucial role in producing acids and intermediates used in multiple industries, while in petroleum refining, it supports alkylation processes that help create cleaner fuels. The rising need for these downstream products and stricter environmental regulations are key factors fueling market growth.
"In terms of volume, base metal smelters raw material segment to account for second-largest market share during the forecast period"
The base metal smelters segment is expected to hold the second-largest share in the sulfuric acid market by volume during the forecast period, driven by its crucial role in producing key non-ferrous metals such as copper, zinc, and nickel. During the smelting of these sulfur-rich ores, sulfur dioxide gas is released as a by-product. This gas is then recovered and converted into sulfuric acid using established methods like the contact process, which both reduces harmful emissions and creates a valuable industrial chemical. The increase in demand for base metals-supported by their extensive use in construction, electrical infrastructure, battery manufacturing, and renewable energy technologies-has caused a rise in smelting activities worldwide. Additionally, stringent environmental regulations to cut sulfur emissions have compelled smelters to implement sulfur capture technologies, thereby boosting sulfuric acid recovery. This dual advantage of meeting environmental standards and generating acid makes base metal smelters an increasingly important raw material source in the global sulfuric acid market.
"In terms of volume, chemical manufacturing application segment to account for second-largest market share during forecast period"
The chemical manufacturing segment is expected to hold the second-largest share in the sulfuric acid market by volume during the forecast period, mainly because of the acid's key role as a feedstock in producing a wide range of industrial chemicals. Sulfuric acid is widely used in creating compounds such as hydrochloric acid, nitric acid, phosphoric acid, and various sulfates, which are important intermediates in making detergents, synthetic resins, dyes, pharmaceuticals, pigments, and explosives. As global demand for these chemicals continues to grow-propelled by expanding end-use industries like textiles, healthcare, plastics, and consumer goods-the need for sulfuric acid has increased accordingly. Furthermore, the steady move toward large-scale chemical production in emerging economies, along with stricter environmental regulations requiring controlled chemical processing, is further boosting the growth of this application segment in the sulfuric acid market.
"In terms of volume, Middle East & Africa to account for second-largest market share during forecast period"
The Middle East & Africa is expected to hold the second-largest share by volume in the sulfuric acid market during the forecast period, due to the region's growing industrial base and increased focus on mineral processing and fertilizer production. Countries across the region are investing in mining and metallurgy projects, especially for extracting and refining metals like copper, zinc, and phosphate-processes that need large amounts of sulfuric acid. Additionally, the rising demand for fertilizers to support food security and agricultural productivity, particularly in African economies, further boosts sulfuric acid consumption. The development of new manufacturing and processing facilities, infrastructure growth, and industrial diversification efforts continue to fuel strong demand for sulfuric acid across various sectors.
PhosAgro Group (Russia), Aurubis AG (Germany), Mosaic (US), OCP (Morocco), and Jiangxi Copper Corporation (China) are some of the major players operating in the sulfuric acid market. These players have adopted acquisitions, agreements, joint ventures, and expansions to increase their market share and business revenue.
Research Coverage
The report defines, segments, and projects the sulfuric acid market based on raw material, grade, form type, process, application, and region. It offers detailed insights into the key factors shaping the market's growth, such as drivers, restraints, opportunities, and challenges. It strategically profiles sulfuric acid manufacturers, thoroughly analyzing their market shares and core competencies, and monitors and evaluates competitive developments like acquisitions, agreements, joint ventures, and expansions.
Reasons to Buy the Report
The report is expected to assist market leaders and new entrants by providing them with the most accurate estimates of revenue figures for the sulfuric acid market and its segments. It is also designed to help stakeholders better understand the market's competitive landscape, gather insights to enhance their business positions, and develop effective go-to-market strategies. Additionally, it enables stakeholders to grasp the market's current trends and provides information on key market drivers, restraints, challenges, and opportunities.