Sulfuric acid or sulphuric acid, known in antiquity as oil of vitriol, is a mineral acid composed of the elements sulfur, oxygen and hydrogen, with the molecular formula H₂SO₄. In various concentrations the acid is used in the manufacture of fertilizers, pigments, dyes, drugs, explosives, detergents, and inorganic salts and acids, as well as in petroleum refining and metallurgical processes. The global sulfuric acid market size is projected to grow by USD 3 billion from 2022 to 2028, registering a CAGR of 3.4 percent, according to a new report by Gen Consulting Company.
This industry report offers market estimates of the global market, followed by a detailed analysis of the raw material, application, and region. The global market data on sulfuric acid can be segmented by raw material: base metal smelters, elemental sulfur, pyrite ore, others. According to the research, the elemental sulfur segment had the largest share in the global sulfuric acid market. Sulfuric acid market is further segmented by application: batteries, chemicals, fertilizers, metal processing, petroleum refining, textile, paper and pulp, others. In 2021, the fertilizers segment made up the largest share of revenue generated by the sulfuric acid market. Based on region, the sulfuric acid market is segmented into: Asia Pacific, CIS (Commonwealth of Independent States), Europe, Latin America, MEA (Middle East and Africa), North America. Among these, Asia Pacific was accounted for the highest revenue generator in 2021.
The global sulfuric acid market is highly competitive. Key companies profiled in the report include Aurubis AG, BASF SE, Glencore plc (NorFalco Inc.), Groupe Chimique Tunisien SA, Indian Farmers Fertiliser Cooperative Ltd. (IFFCO), INEOS Group AG, MA’ADEN (Saudi Arabian Mining Co.), OCP Group, PhosAgro AG, Potash Corporation of Saskatchewan Inc., PQ Corporation, Pressure Vessel Service Inc., The Mosaic Company, Veolia Environnement S.A. (Former Chemours).
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 3.4% |
| Pages | 22 |
| Key Players | Aurubis AG, BASF SE, Glencore plc (NorFalco Inc.), Groupe Chimique Tunisien SA, Indian Farmers Fertiliser Cooperative Ltd. (IFFCO), INEOS Group AG, MA'ADEN (Saudi Arabian Mining Co.), OCP Group, PhosAgro AG, Potash Corporation of Saskatchewan Inc., PQ Corporation, Pressure Vessel Service Inc., The Mosaic Company, Veolia Environnement S.A. (Former Chemours) |
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