Sulfuric Acid Market Analysis

Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore)

The sulfuric acid market is segmented and analyzed for demand and supply by raw material into elemental sulfur, base metal smelters, and pyrite ore. Out of the three types of sulfuric acid, the elemental sulfur segment is estimated to gain the largest market share of about 35% in the year 2037. The growth of the segment can be attributed to the fewer pollution rates of elemental sulfur when compared to base metal smelters and pyrite ores. A large number of undertakings have adopted stringent measures to treat sulfur gas emissions before releasing them into the atmosphere, with a view to limiting or reducing the environmental pollution. Increasing development activities, like improving the capacity of businesses to produce sulfuric acid products that are manufactured from organic sulfur. Further, the massive rate of elemental sulfur and a ban on sulfur mining are also anticipated to boost the growth of the segment. In 2022, China became the World’s leading sulfur producer by manufacturing over 18 million tons of sulfur. All these factors are estimated to contribute to the growth of the segment.  

Application (Fertilizer, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile, Automotive)

The global sulfuric acid market is also segmented and analyzed for demand and supply by application into fertilizer, chemical manufacturing, metal processing, petroleum refining, textile industry, and automotive. Amongst these six segments, the fertilizer segment is expected to garner a significant share of around 38% in the year 2037. The market is likely to benefit from increased demand for better quality crops and an increase in population around the world over the coming years. Rapid development and urbanization are resulting in the decreasing arable land, which has led farmers to resort to fertilizers for increasing crop yields. Market growth is projected to be stimulated by the growing use of H2SO4 as a producer of quality fertilizers for agriculture, thereby increasing production capacity. The production of contaminated sulphuric acid, which results in the regeneration of pure and concentrated H2SO4, is mainly carried out by petroleum and chemical refineries. The regenerated acids are emission low and making them sustainable and environmentally friendly, which leads to a reduction in production costs. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global sulfuric acid market includes the following segments: