Market Overview:
The global industrial sulfuric acid market is expected to grow at a CAGR of 3.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for sulfuric acid from various end-use industries such as chemical, agriculture, and skin care products. In addition, the growing population and rising income levels are also contributing to the growth of this market. Based on type, the global industrial sulfuric acid market can be segmented into high concentration and low concentration. The high concentration segment is expected to account for a larger share of this market than the low concentration segment during the forecast period. This can be attributed to its growing demand from various end-use industries such as chemical and agriculture. Based on application, the global industrial sulfuric acid market can be divided into chemical industry, agriculture, skin care products, and other applications.
Product Definition:
Industrial sulfuric acid is a highly corrosive, colorless to yellowish liquid with a pungent odor. It is the most important industrial chemical in terms of dollar value. Principal uses are in the production of fertilizers, explosives, and other chemicals.
High Concentration:
High concentration is a technique used to increase the sulfuric acid production yield by concentrating the catalyst. It works on the principle of increasing the contact between feedstock and catalyst, which results in increased reaction rate. The process can be carried out in two ways; thermal or chemical. In thermal process, sulfur is converted into gaseous form along with water and other impurities that are removed through flue gas desulfurization (FGD) system or wet scrubber system.
Low Concentration:
Low concentration sulfuric acid is a solution of sulfuric acid with the content of hydrogen and few drops of water. It is used as an industrial solvent for removing oil from gasoline, in petroleum refining, and in other chemical industries. The major applications include petroleum refining & petrochemicals, mining & metal processing industries.
The global low concentration sulfuric acid market size was valued at USD 55 million in 2016.
Application Insights:
The other application segment includes the use of sulfuric acid for fertilizers, water treatment, and in the production of polymers. The chemical industry is estimated to be the largest consumer owing to its widespread applications such as oil & gas processing, metal manufacturing and pulp & paper.
The chemical industry was estimated to account for over 40% of global demand in 2016. It is widely used as a process agent in various industries such as petroleum refining (chemical sector) and iron & steel manufacturing where it acts as a catalyst along with phosphoric acid that speeds up the reaction process between coke formation and impurities present in iron ore pellets or raw materials respectively. This enables high-grade steel making from low-cost pig Iron Ore Pellets (IOP).
Regional Analysis:
Asia Pacific dominated the global industry and accounted for over 45% of the total revenue share in 2016. The region is expected to witness significant growth on account of rising demand from various end-use industries, such as chemical, agriculture, and personal care products. China emerged as a major sulfuric acid consumer in Asia Pacific owing to rapid industrialization coupled with government support for infrastructure development.
The European market was valued at USD X billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2030 owing to stringent regulations regarding sulfur dioxide emissions byproduct of SO3 production that are harmful for human health & environment in Europe have led manufacturers across the globe shift their focus towards developing economies offering better economic returns such as China & India which has resulted into lower product demand across Europe region over last few years resulting into sluggish growth rate compared with other regions during same period.
Growth Factors:
- Increasing demand from the fertilizer and metal industries
- Growing demand for sulfuric acid in the production of detergents and other cleaning products
- Rising consumption in developing countries as they undergo industrialization
- Increased use of sulfuric acid in water treatment processes
- Growing popularity of green technologies that require sulfuric acid
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Sulfuric Acid Market Research Report
By Type
High Concentration, Low Concentration
By Application
Chemical Industry, Agriculture, Skin Care Products, Other
By Companies
Essential Chemical Industry, Albemarle Corporation, Egyptian Mud Engineering & Chemicals Company (EMEC), Geo Drillings Fluids, Great Lake Solutions, Israel Chemicals Ltd., Zirax Ltd., Solent Chemicals, TETRA Technologies, Cabot Corporation, Clements Fluids
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Sulfuric Acid Market Report Segments:
The global Industrial Sulfuric Acid market is segmented on the basis of:
Types
High Concentration, Low Concentration
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Agriculture, Skin Care Products, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Essential Chemical Industry
- Albemarle Corporation
- Egyptian Mud Engineering & Chemicals Company (EMEC)
- Geo Drillings Fluids
- Great Lake Solutions
- Israel Chemicals Ltd.
- Zirax Ltd.
- Solent Chemicals
- TETRA Technologies
- Cabot Corporation
- Clements Fluids
Highlights of The Industrial Sulfuric Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Concentration
- Low Concentration
- By Application:
- Chemical Industry
- Agriculture
- Skin Care Products
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Sulfuric Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial sulfuric acid is a highly corrosive, colorless liquid with a sour odor. It is used in industrial processes such as the production of fertilizer and other chemicals.
Some of the major players in the industrial sulfuric acid market are Essential Chemical Industry, Albemarle Corporation, Egyptian Mud Engineering & Chemicals Company (EMEC), Geo Drillings Fluids, Great Lake Solutions, Israel Chemicals Ltd., Zirax Ltd., Solent Chemicals, TETRA Technologies, Cabot Corporation, Clements Fluids.
The industrial sulfuric acid market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Sulfuric Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Sulfuric Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Sulfuric Acid Market - Supply Chain
4.5. Global Industrial Sulfuric Acid Market Forecast
4.5.1. Industrial Sulfuric Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Sulfuric Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Sulfuric Acid Market Absolute $ Opportunity
5. Global Industrial Sulfuric Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Sulfuric Acid Market Size and Volume Forecast by Type
5.3.1. High Concentration
5.3.2. Low Concentration
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Sulfuric Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Sulfuric Acid Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Agriculture
6.3.3. Skin Care Products
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Sulfuric Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Sulfuric Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Sulfuric Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Sulfuric Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Sulfuric Acid Demand Share Forecast, 2019-2029
9. North America Industrial Sulfuric Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Sulfuric Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Sulfuric Acid Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Agriculture
9.4.3. Skin Care Products
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Sulfuric Acid Market Size and Volume Forecast by Type
9.7.1. High Concentration
9.7.2. Low Concentration
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Sulfuric Acid Demand Share Forecast, 2019-2029
10. Latin America Industrial Sulfuric Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Sulfuric Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Sulfuric Acid Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Agriculture
10.4.3. Skin Care Products
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Sulfuric Acid Market Size and Volume Forecast by Type
10.7.1. High Concentration
10.7.2. Low Concentration
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Sulfuric Acid Demand Share Forecast, 2019-2029
11. Europe Industrial Sulfuric Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Sulfuric Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Sulfuric Acid Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Agriculture
11.4.3. Skin Care Products
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Sulfuric Acid Market Size and Volume Forecast by Type
11.7.1. High Concentration
11.7.2. Low Concentration
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Sulfuric Acid Demand Share, 2019-2029
12. Asia Pacific Industrial Sulfuric Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Sulfuric Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Sulfuric Acid Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Agriculture
12.4.3. Skin Care Products
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Sulfuric Acid Market Size and Volume Forecast by Type
12.7.1. High Concentration
12.7.2. Low Concentration
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Sulfuric Acid Demand Share, 2019-2029
13. Middle East & Africa Industrial Sulfuric Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Sulfuric Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Sulfuric Acid Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Agriculture
13.4.3. Skin Care Products
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Sulfuric Acid Market Size and Volume Forecast by Type
13.7.1. High Concentration
13.7.2. Low Concentration
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Sulfuric Acid Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Sulfuric Acid Market: Market Share Analysis
14.2. Industrial Sulfuric Acid Distributors and Customers
14.3. Industrial Sulfuric Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Essential Chemical Industry
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Albemarle Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Egyptian Mud Engineering & Chemicals Company (EMEC)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Geo Drillings Fluids
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Great Lake Solutions
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Israel Chemicals Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zirax Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Solent Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TETRA Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cabot Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Clements Fluids
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
