Since the second half of 2020, the global sulfuric acid market has been tightening due to continuous interruptions in smelter acid and sulfuric acid production, coupled with tight sulfur supply and stronger-than-expected demand. This has led to a surge in sulfuric acid prices, with the global market size reaching $28.8 billion in 2022. It is expected that the sulfuric acid prices will mainly experience downward fluctuations in 2023.
The purpose of this report is to offer an updated evaluation of the sulfuric acid market, with a particular emphasis on its raw material type and application segments. The report provides comprehensive and precise estimates and forecasts for the global market, followed by in-depth analyses of the regions, countries, and manufacturers involved. The report aims to provide a detailed overview of the sulfuric acid market, along with the competitive landscape of the market.
Research Coverage
The sulfuric acid market is segmented based on its raw material type, which includes base metal smelters, elemental sulfur, pyrite ore, and others (from oil & petroleum refineries). Additionally, the market is further segmented based on its applications, which include batteries, chemicals, fertilizers, metal processing, petroleum refining, textile, paper and pulp, and others. Approximately half of the sulfuric acid produced globally is utilized in agriculture and farming, particularly in the manufacturing of fertilizers. Sulfuric acid is a key component in the production of phosphate fertilizers, including ammonium sulfate and superphosphate of lime. Fertilizers play a crucial role in replenishing the nutrients that crops extract from the soil, and without them, agricultural productivity and crop yields would be significantly diminished. As a result, fertilizers are employed to supplement the soil’s nutrient reserves with minerals that crops can quickly absorb and utilize. Agriculture is a primary source of livelihood worldwide, with India and the United States experiencing positive growth in this sector. Hence, the fertilizer demand is anticipated to propel the market during the forecast period.
Competitive Landscape
The report provides an overview of the leading market players, including The Mosaic Company, BASF SE, The OCP Group, Chemtrade Logistics Inc., Yunnan Yuntianhua Co., Ltd., Jiangxi Copper Company Limited, Tongling Nonferrous Metals Group Co., Ltd., PVS Chemical Solutions Inc., Aurubis AG, Hindustan Zinc Limited, Boliden Group, Southern States Chemical, Inc., JSC PhosAgro, Indian Farmers Fertiliser Cooperative Ltd (IFFCO), Korea Zinc Company Limited, Kutch Chemical Industries Limited, Nutrien Limited, Ma’aden, Weylchem International GmbH, Glencore plc, Codelco, J. R. Simplot Company, Rio Tinto Group, Asarco LLC, EuroChem Group AG, Ural Mining and Metallurgical Company, Foskor Ltd., Grupo México, Grupo Fertinal, Hindalco Industries Limited, Paradeep Phosphates Limited, Hubei Yihua Chemical Industry Co., Ltd., Zijin Mining Group Co., Ltd., Yunnan Copper Co., Ltd., and Xinyangfeng Agricultural Technology Co., Ltd., among others.
Furthermore, there are numerous other players operating in the global sulfuric acid market, such as Young Poong Co., Ltd., Aarti Industries Ltd., Bodal Chemicals Ltd., Nouryon Holding B.V., PQ Group Holdings Inc., Vale S.A., Veolia Environnement S.A., Namhae Chemical Corp., Wylton (China) Chemical Co., Ltd., Guizhou Phosphate Chemical Group, and others.
Table of Contents
1. Market Overview
2. Global Sulfuric Acid Market – Raw Material Type Analysis
Base Metal Smelters
Elemental Sulfur
Pyrite Ore
Others (from Oil & Petroleum Refineries)
3. Global Sulfuric Acid Market – Application Analysis
Batteries
Chemicals
Fertilizers
Metal Processing
Petroleum Refining
Textile, Paper and Pulp
Others
4. North America Sulfuric Acid Market
5. Europe Sulfuric Acid Market
6. Asia-Pacific Sulfuric Acid Market
7. Rest of World Sulfuric Acid Market
8. Company Profiles
Companies Mentioned
Asarco LLC
Aurubis AG
BASF SE
Boliden Group
Chemtrade Logistics Inc.
EuroChem Group AG
Foskor Ltd.
Glencore plc
Grupo Fertinal
Grupo México
Hindalco Industries Limited
Hindustan Zinc Limited
Hubei Yihua Chemical Industry Co., Ltd.
Indian Farmers Fertiliser Cooperative Ltd (IFFCO)
J. R. Simplot Company
Jiangxi Copper Company Limited
JSC PhosAgro
Korea Zinc Company Limited
Kutch Chemical Industries Limited
Ma’aden
National Copper Corporation of Chile (Codelco)
Nutrien Limited
Paradeep Phosphates Limited
PVS Chemical Solutions Inc.
Rio Tinto Group
Southern States Chemical, Inc.
The Mosaic Company
The OCP Group
Tongling Nonferrous Metals Group Co., Ltd.
Ural Mining and Metallurgical Company
Weylchem International GmbH
Xinyangfeng Agricultural Technology Co., Ltd.
Yunnan Copper Co., Ltd.
Yunnan Yuntianhua Co., Ltd.
Zijin Mining Group Co., Ltd.