The Worldwide Sulfuric Acid Market is Projected to reach USD 17.9 Billion by 2030, at a CAGR of 3.7%

Sulfuric Acid Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Sulfuric Acid Market size is expected to reach $17.9 billion by 2030, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 70,813.7 kilo tonnes, experiencing a growth of 3.5% (2019-2022).

The Elemental Sulfur segment is leading the Global Sulfuric Acid Market by Raw Material in 2022; thereby, achieving a market value of $9.1 billion by 2030. This growth is attributed to its easy accessibility, abundant availability, low cost, and less emission than pyrite ore and base metal smelters. In addition, using solid sulfur allows for more precise control in the reaction process, improving efficiency and reducing waste. Elemental sulfur is used in the synthesis of various pharmaceuticals and chemicals. It serves as a starting material in the production of sulfur-containing organic compounds used in pharmaceuticals, dyes, and pesticides.

The Chemical Manufacturing segment is showcasing a CAGR of 2.6% during (2023 - 2030). Sulfuric acid as a strong acid is utilized for its highly reactive chemical properties, which can facilitate the production of many essential chemicals. This includes the production of plastics and polymers and the synthesis of industrial chemicals, such as hydrofluoric acid, nitric acid, phosphoric acid, and aluminum sulfate.

The Asia Pacific region dominated the Global Sulfuric Acid Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8.0 billion by 2030. The LAMEA region is poised to grow at a CAGR of 3.5% during (2023 - 2030). Additionally, The North America region would register a CAGR of 4.1% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/sulfuric-acid-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Mosaic Company, Akzo Nobel N.V., BASF SE, Solvay SA, PVS Chemical Solution, INEOS Group Holdings S.A. (Bilcare Research), and Nutrien Limited.

Global Sulfuric Acid Market Segmentation

By Raw Material (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Elemental Sulfur
• Base Metal Smelters
• Pyrite Ore
• Others

By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Fertilizers
• Chemical Manufacturing
• Metal Processing
• Textile Industry
• Petroleum Refining
• Automotive
• Pulp & Paper
• Others

By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)

• North America
  • US
  • Mexico
  • Canada
  • Rest of North America
• Europe
  • Russia
  • France
  • Germany
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Thailand
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • South Africa
  • Nigeria
  • Morocco
  • Chile
  • Rest of LAMEA

Companies Profiled

• The Mosaic Company
• Akzo Nobel N.V.
• BASF SE
• Solvay SA
• PVS Chemical Solution
• INEOS Group Holdings S.A. (Bilcare Research)
• Nutrien Limited

Related Reports:

North America Sulfuric Acid Market Size & Forecast to 2030

• August-2023
• 116 Pages

LAMEA Sulfuric Acid Market Size, Trends & Growth to 2030

• August-2023
• 132 Pages

Europe Sulfuric Acid Market Size, Share & Forecast by 2030

• August-2023
• 133 Pages

Asia Pacific Sulfuric Acid Market Size, Share & Trend to 2030

• August-2023
• 137 Pages