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Report Overview
The global sulphuric acid market reached a volume of almost 297.40 MMT in 2024. The industry is further expected to grow at a CAGR of 1.50% between 2025 and 2034 to reach a value of almost 345.14 MMT by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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In the food processing sector, sulphuric acid is extensively used as a food preservative, flavour enhancer, acidulant, stabiliser, and emulsifier. Reportedly, the food processing sector in India is estimated to reach USD 1,274 billion in 2027, as per the Indian Brand Equity Foundation. As the food production sector expands globally due to evolving lifestyles and rising income levels, the demand for specialised grades of sulphuric acid is increasing.
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Sulphuric acid plays an essential role in wastewater treatment by lowering the pH levels of wastewater, flueing gas desulphirisation, and removing phosphates, heavy metals, and contaminants from wastewater. Hence, increasing wastewater treatment activities amid rising water scarcity issues and the growing urban population are boosting the sulphuric acid market revenue. Reportedly, wastewater treatment facilities in the United States process nearly 34 billion gallons of wastewater per day.
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Sulphuric acid is extensively used in the heap leaching process in copper mining, hydrometallurgical processes like pressure acid leaching (PAL) in the extraction of cobalt and nickel, as well as cyanide leaching process for gold and uranium extraction. In 2022, mineral production in Canada reached USD 74.6 billion. With mineral production growing amid the growing need for raw materials like copper, gold, and lithium in sectors such as energy, construction, and electronics, the demand for sulphuric acid is increasing.
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.
Key Industry Players
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 offers technology-based materials and solutions to transform sectors. It serves various industries, such as healthcare, construction, electronics, water, worker safety, and transportation, among others. Some of its prominent brands include MOLYKOTE®, Kevlar®, Corian®, Styrofoam™, and Tyvek®, among others.
PVS Chemicals, Inc.
PVS Chemicals, Inc., headquartered in Michigan, United States, and founded in 1945, is a global manufacturer, distributor, and marketer of basic chemicals. Its products and solutions are used by various sectors such as steel, electronics, metal finishing, agricultural, food processing, and water treatment, among others.
Chung Hwa Chemical Industrial Works, Ltd.
Chung Hwa Chemical Industrial Works, Ltd., established in 1956 and headquartered in Taoyuan, Taiwan, is a company that is engaged in the production, processing, and sales of chemical products. It provides speciality chemicals, basic chemicals, and electronic chemicals such as high-purity semiconductor-grade sulphuric acid, pigment intermediates, and functional fiber intermediates, among others.
Other key players in the sulphuric acid market include BASF SE, Inc., among others.
Sulphuric Acid Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a volume of approximately 297.40 MMT.
The market is projected to grow at a CAGR of 1.50% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about 345.14 MMT by 2034.
The major drivers of the market are increasing population, growth of the fertilisers industry, rising demand from developing regions, and increase in demand from end-use sectors such as agriculture.
The key market trends include the increase in the demand for electronic-grade sulphuric acid and rising applications of sulfuric acid in chemicals.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Fertilisers and chemicals, among others, are the leading applications of sulphuric acid in the market.
The major players in the global sulphuric acid market are INEOS Group, BASF SE, DuPont de Nemours, Inc. (NYSE: DD), PVS Chemicals, Inc., and Chung Hwa Chemical Industrial Works, Ltd., among others.
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