Global Sulphuric Acid Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global sulphuric acid market is driven by the increase in the fertilizers and chemicals industry. The market is expected to be driven by the end-use sectors like the agriculture segment. The acid is used for producing phosphoric acid, and as a consequence, phosphate fertilizers, which are extensively used in the agricultural sector. The global sulphuric acid markets were well supplied in the period 2017-2018. The sulphuric acid market is predicted to remain oversupplied in the coming years. Thus, the market is expected to shift in the next two years towards the buyer's side.

The Asia Pacific region is the leading regional market for the product, accounting for 45% of the market share. In the Asia Pacific region, China is expected to drive the demand for sulphuric acid as the result of improved consumption by the phosphate industry. North America and Europe follow the Asia Pacific region as the other major markets for the acid, accounting for over a quarter of the industry share globally. North-East Asia is the major consumer of sulphuric acid, accounting for 37% of the total global consumption in the industry. North America and the Middle East and Africa are also significant consumers within the industry. The key producing regions include China, the United States, and India.

Key Trends and Developments

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

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Market Analysis

The global sulphuric acid market is driven by the increase in the demand from major consuming industries like agriculture. The market is invigorated by global agriculture production, which is expected to grow at 1-2% per year in the coming decade. The top importers of the product are India, China, and the United States, who are predicted to drive the market. Consumption of fertilizer is high in India and China, followed by the United States of America. According to FAO, in the next 25 years, the caloric requirement is estimated to double-up, with a population reaching approximately 8 million, thus, boosting the growth of the agricultural sector. The rising demand for fertilizers in the rapidly rising agriculture industry is expected to drive the demand for sulphuric acid in the coming years.

Agrarian nations, such as China, with 37% and India with a 15% contribution to global agro-economy, are expected to drive the demand for sulphuric acid due to its high consumption. The acid is extensively used in the formation of phosphate fertilizers within India and China. With both countries looking to bolster their agricultural productivity, the demand is expected to remain robust from this sector. However, with more imports flowing into this region in 2017, sulphuric acid is witnessing an inventory build-up. The electronic-grade sulphuric acid is witnessing a steady increase, and the demand is estimated to continue being high in the forecast period.

Sulphuric acid is, apart from its on-purpose production, produced as a by-product of metal smelting, where large volumes of the product are involuntarily produced. Therefore, no definitive capacity is installed for the commodity. In spite of this, the involuntary production has afflicted the market with excess supply for about a decade now. The production of sulphuric acid is nearly 10% more than the requirement, in spite of more than 200 million metric tons consumption of sulphuric acid every year. This persistent oversupply of the acid is expected to hinder the market growth in the coming years due to the significant gap between supply and demand.

Competitive Landscape

Key sulphuric acid market players are expanding their production capabilities to meet the growing demand for the chemical in different end-use sectors, including agriculture, food and beverage, and automotive, among others. Sulphuric acid companies are also leveraging digital tools, AI, automation, and data analytics to optimise production processes and lower transportation costs.

INEOS Group

INEOS Group, founded in 1998 and headquartered in London, United Kingdom, is one of the largest chemical and energy companies in the world. Comprising 30 businesses and 173 sites in 32 countries, the company serves essential sectors such as oil and gas, agriculture, automotive, and medical and pharmaceuticals, among others. The company generates USD 55 billion in revenue per year.

DuPont de Nemours

DuPont de Nemours, founded in 1802 and headquartered in Delaware, United States, is a company that o...

PVS Chemicals, Inc.

PVS Chemicals, Inc., headquartered in Michigan, United States, and founded in 1945, is a global manu...

Chung Hwa Chemical Industrial Works, Ltd.

Chung Hwa Chemical Industrial Works, Ltd., established in 1956 and headquartered in Taoyuan, Taiwan,...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the sulphuric acid market include BASF SE, Inc., among others.

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