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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.
Global Sulphuric Acid 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.
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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