Sulfuric Acid Market by Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore), Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, and Automotive) and Region - Global Forecast to 2027
Updated on : August 07, 2024
Sulfuric Acid Market
The global sulfuric acid market was valued at USD 13.2 billion in 2022 and is projected to reach USD 28.5 billion by 2027, growing at 11.7% cagr from 2022 to 2027. Increased usage of sulfuric acid in the agriculture sector along with its usage in the manufacturing of wide range of chemicals, is expected to drive the market during the forecast period.
Sulfuric Acid Market Global Forecast and Trends
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Sulfuric Acid Market Dynamics
Driver: Strong demand for sulfuric acid in various industries
Sulfuric acid is called the “king of chemicals” due to its extensive use in numerous applications in the chemical industry. Sulfuric acid is one of the most widely used industrial chemicals as a raw material or a processing agent. It is used in the manufacturing process of many popular chemicals such as hydrochloric acid, sulfate salts, nitric acid, phosphoric acid, synthetic detergents, dyes, and pigments, among others. The major end-use industries of sulfuric acid include automotive, petrochemical, metal refining, and textile. The most promising applications for sulfuric acid are the production of semi-conductors, detergents, and disinfectants, among other industrial chemicals. Thus, usage of sulfuric acid in a wide range of industries is expected to drive the market.
Restraints: Restriction on use of sulfuric acid due to health and environmental concerns
Sulfuric acid is produced in the air from sulfur dioxide, which is released when coal, oil, and gas are burned. The released sulfur dioxide slowly forms sulfur trioxide, which reacts with water vapor in the air to form sulfuric acid. Sulfuric acid can remain suspended in the air for varying periods of time. Sulfuric acid in the rain contributes to the formation of acid rain. Acid rain is very harmful to the environment as well as to human health. It can be extremely harmful to forests and wildlife. It seeps into the ground and dissolves nutrients such as magnesium and calcium that are essential for the growth and development of trees and natural flora. These factors restrain the growth of sulfuric acid market
Opportunity: Increasing use of sulfuric acid in wastewater treatment
Sulfuric acid has a vital role in wastewater treatment. Wastewater treatment is a process carried out for environmental protection, and sulfuric acid is the most widely used chemical to bring the pH level of wastewater back to normal. Sulfuric acid helps in pH level neutralization and eliminating solid particles such as polymers, alums, and ferric chloride. It also controls and prevents offensive odor found in wastewater and destroys pathogens that can spread diseases. Using sulfuric acid in chemical treatment enables the separation of water and sludge.
Challenge: Rapid increase in price.
Sulfuric acid has a considerable demand in the downstream chemical fertilizer industry. Due to various import regulations, there has been a significant rise in the prices of imported sulfur. The prices of sulfuric acid have continued to rise since the second half of 2020. The price further increased in July 2021. China is one of the largest producers of sulfuric acid in the world. The average market price of smelting sulfuric acid in East China has increased from USD 15/ton in 2020 to USD 120/ton in 2021. Thus, rapid increase in price can prove to be a challenging factor for the growth of this market
Based on a raw material, elemental sulfur segment is the largest market during the forecast period
The elemental sulfur segment accounted for the largest segment in 2021 in terms of volume. Elemental sulfur is mainly recovered from petroleum refineries and natural gas operations. Sulfur ranks as one of the most important elements used as an industrial raw material and is of prime importance to the fertilizer and manufacturing industries. Elemental sulfur is one of the widely used raw material in the manufacturing of sulfuric acid Thus, with growth in demand for sulfuric acid in various industries, the demand for this segment is expected to boost during the forecast period.
Based on application, fertilizers segment accounted for the largest market during the forecast period
The liquid sulfuric acid accounted for the largest segment, by electrolyte type in 2021, in terms of value. About 50%-60% of sulfuric acid goes into the manufacturing of phosphate fertilizers such as superphosphate of lime and ammonium sulfate. It is a key raw material that reacts with phosphate rock in the processing plant to generate phosphoric acid and phosphogypsum. Phosphoric acid is formed as an intermediary product in the production of all high-grade phosphate fertilizers. With the growing need for an increase in yield from farmers and decreasing availability of fertile land for agricultural practices due to growing urbanization, the demand for fertilizers is estimated to increase rapidly. These are some factors which will drive the market for the segment.
Asia Pacific is the largest sulfuric acid market in terms of value
Asia Pacific accounted for the largest share followed by North America, in terms of value, in 2021. Huge population in this region led to an increased crop yield. But with the growing urbanization, there has been a decline in the fertile land for agriculture. This has enhanced the demand for fertilizers in this region. This, growth in demand for fertilizers in key countries such as India and China is expected to propel the demand for sulfuric acid in the region.
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Sulfuric Acid Market Players
Major companies in the sulfuric acid market include The Mosaic Company (US), BASF SE (Germany), OCP Group (Morocco), Chemtrade Logistics Income Fund (Canada), and Nouryon (Netherlands), among others. A total of 20 major players have been covered. These players have adopted joint ventures, new product launches and new product developments as the major strategies to consolidate their position in the market.
Read More: Sulfuric Acid Companies
Sulfuric Acid Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2022 |
USD 13.2 Billion |
|
Revenue Forecast in 2027 |
USD 28.5 Billion |
|
CAGR |
11.7% |
|
Market Size Available for Years |
2018–2027 |
|
Base Year Considered |
2021 |
|
Forecast Period |
2022–2027 |
|
Forecast Units |
Value (USD Million/Billion) and Volume (Million Ton) |
|
Segments Covered |
Raw Material, Application, and Region |
|
Geographies Covered |
North America, Western Europe, Central & Eastern Europe, Asia Pacific, the Middle East & Africa, and South America |
|
Companies Covered |
The major market players include The Mosaic Company (US), BASF SE (Germany), OCP Group (Morocco), Chemtrade Logistics Income Fund (Canada), and Nouryon (Netherlands), among others. |
This research report categorizes the sulfuric acid market based on Raw Material, Application, and Region.
Based on raw material, the sulfuric acid market has been segmented as follows:
- Elemental Sulfur
- Pyrite Ores
- Base Metal Smelters
- Others
Based on application, the sulfuric acid market has been segmented as follows:
- Fertilizers
- Metal Processing
- Pulp & Paper
- Petroleum Refining
- Textile Industry
- Automotive
- Chemical Manufacturing
- Others
Based on Region, the sulfuric acid market has been segmented as follows:
- Asia Pacific
- North America
- Western Europe
- Central & Eastern Europe
- Middle East & Africa
- South America
Recent Developments:
- In July 2022, Chemtrade Logistics Income Fund and Kanto Group announced a joint venture for the greenfield construction of a high-purity sulfuric acid plant. The companies will build a sulfuric acid plant in Arizona with an expected start-up in 2024.
- In January 2022, BroadPeak Global LP, Asia Green Fund, and The Saudi Arabian Industrial Investments Company (Dussur) completed the transaction to purchase the Clean Technologies business of DuPont de Nemours, Inc. The new, independent company has been named Elessent Clean Technologies, Inc.
- In July 2021, BASF, Zhejiang Jiahua Energy Chemical Industry Co. Ltd., and Zhejiang Jiafu New Material Technology Co. Ltd. signed an agreement to expand the production capacity of electronic-grade sulfuric acid in China.
Frequently Asked Questions (FAQ):
Who utilizes sulfuric acid in industry?
It is utilised in a variety of sectors, including those that process wastewater, manufacture of fertilizer, production of cleaning agents, automotive, petroleum refining, processing of minerals, producing explosives, detergents and paper industry for the manufacture of aluminium sulfates.
Which is the largest regional market for sulfuric acid?
Asia-Pacific is the largest regional market for sulfuric acid.
Which are the key countries dominating the sulfuric acid market?
The top countries driving the global sulfuric acid demand are the U.S., China, Germany, Russia, Morocco, India and others.
By raw material, which segment would grow at a highest CAGR during the forecast period?
By raw material, the elemental sulfur segment is expected to hold the largest share during the forecast period.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 28)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
FIGURE 1 SULFURIC ACID: MARKET SEGMENTATION
TABLE 1 MARKET SEGMENT, BY REGION
1.4 INCLUSIONS & EXCLUSIONS
1.4.1 SULFURIC ACID MARKET: INCLUSIONS & EXCLUSIONS
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 UNIT CONSIDERED
1.8 RESEARCH LIMITATIONS
1.9 STAKEHOLDERS
1.1 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 33)
2.1 RESEARCH DATA
FIGURE 2 SULFURIC ACID MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 METHODOLOGY FOR SUPPLY-SIDE SIZING OF SULFURIC ACID MARKET
2.2.2.1 Market size calculations: Supply-side analysis
2.2.3 FORECAST
2.3 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
2.4 DATA TRIANGULATION
FIGURE 6 SULFURIC ACID MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
2.6 LIMITATIONS
2.7 RISK ANALYSIS
3 EXECUTIVE SUMMARY (Page No. - 41)
TABLE 2 SULFURIC ACID MARKET
FIGURE 7 ELEMENTAL SULFUR SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
FIGURE 8 FERTILIZERS SEGMENT TO ACCOUNT FOR DOMINANT SHARE DURING FORECAST PERIOD
FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SULFURIC ACID MARKET IN 2021
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 SIGNIFICANT OPPORTUNITIES IN SULFURIC ACID MARKET
FIGURE 10 SULFURIC ACID MARKET TO WITNESS MODERATE GROWTH BETWEEN 2022 AND 2027
4.2 SULFURIC ACID MARKET, BY REGION
FIGURE 11 ASIA PACIFIC TO GROW AT HIGHEST RATE BETWEEN 2022 AND 2027
4.3 ASIA PACIFIC SULFURIC ACID MARKET, BY APPLICATION AND COUNTRY
FIGURE 12 CHINA ACCOUNTS FOR LARGEST SHARE OF SULFURIC ACID MARKET IN ASIA PACIFIC
4.4 SULFURIC ACID MARKET: MAJOR COUNTRIES
FIGURE 13 SULFURIC ACID MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027
5 MARKET OVERVIEW (Page No. - 47)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SULFURIC ACID MARKET
5.2.1 DRIVERS
5.2.1.1 Strong demand for sulfuric acid in various industries
5.2.1.2 Increased usage of sulfuric acid in agriculture sector
5.2.2 RESTRAINTS
5.2.2.1 Restriction on use of sulfuric acid due to health and environmental concerns
5.2.2.2 High import duties and regulations on trade of sulfuric acid
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing use of sulfuric acid in wastewater treatment
5.2.4 CHALLENGES
5.2.4.1 Rapid increase in price
5.2.4.2 Difficulties associated with transportation
5.3 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 SULFURIC ACID MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 15 PORTER’S FIVE FORCES ANALYSIS: SULFURIC ACID MARKET
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF BUYERS
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
6 INDUSTRY TRENDS (Page No. - 54)
6.1 VALUE CHAIN ANALYSIS
FIGURE 16 SULFURIC ACID MARKET VALUE CHAIN
FIGURE 17 SULFURIC ACID VALUE CHAIN: PLAYERS AT DIFFERENT NODES
6.2 ECOSYSTEM MAPPING
FIGURE 18 ECOSYSTEM OF SULFURIC ACID MARKET
TABLE 4 SULFURIC ACID MARKET: ECOSYSTEM
7 SULFURIC ACID MARKET, BY RAW MATERIAL (Page No. - 56)
7.1 INTRODUCTION
FIGURE 19 ELEMENTAL SULFUR ACCOUNTS FOR LARGEST SHARE OF OVERALL MARKET
TABLE 5 SULFURIC ACID MARKET, BY RAW MATERIAL, 2018–2020 (MILLION TONS)
TABLE 6 MARKET, BY RAW MATERIAL, 2021–2027 (MILLION TONS)
7.2 ELEMENTAL SULFUR
7.3 PYRITE ORE
7.4 BASE METAL SMELTERS
7.5 OTHERS
8 SULFURIC ACID MARKET, BY APPLICATION (Page No. - 60)
8.1 INTRODUCTION
FIGURE 20 FERTILIZERS TO BE LARGEST APPLICATION OF SULFURIC ACID
TABLE 7 SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 8 MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 9 MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 10 MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
8.2 FERTILIZERS
8.2.1 GROWTH IN PRODUCTION OF FOOD GRAINS IN KEY COUNTRIES TO ENHANCE DEMAND
TABLE 11 FERTILIZERS: SULFURIC ACID MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 12 FERTILIZERS: MARKET, BY REGION, 2021–2027 (USD MILLION)
TABLE 13 FERTILIZERS: MARKET, BY REGION, 2018–2020 (MILLION TONS)
TABLE 14 FERTILIZERS: MARKET, BY REGION, 2021–2027 (MILLION TONS)
8.3 METAL PROCESSING
8.3.1 GROWING DEMAND FOR IRON & STEEL TO DRIVE MARKET
TABLE 15 METAL PROCESSING: SULFURIC ACID MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 16 METAL PROCESSING: MARKET, BY REGION, 2021–2027 (USD MILLION)
TABLE 17 METAL PROCESSING: MARKET, BY REGION, 2018–2020 (MILLION TONS)
TABLE 18 METAL PROCESSING: MARKET, BY REGION, 2021–2027 (MILLION TONS)
8.4 PULP & PAPER
8.4.1 GROWING DEMAND FOR PAPER TO ENHANCE DEMAND FOR SULFURIC ACID
TABLE 19 PULP & PAPER: SULFURIC ACID MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 20 PULP & PAPER: MARKET, BY REGION, 2021–2027 (USD MILLION)
TABLE 21 PULP & PAPER: MARKET, BY REGION, 2018–2020 (MILLION TON)
TABLE 22 PULP & PAPER: MARKET, BY REGION, 2021–2027 (MILLION TON)
8.5 PETROLEUM REFINING
8.5.1 GROWTH IN DEMAND FOR DIESEL FUEL AND KEROSENE DRIVING PETROLEUM REFINING
TABLE 23 PETROLEUM REFINING: SULFURIC ACID MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 24 PETROLEUM REFINING: MARKET, BY REGION, 2021–2027 (USD MILLION)
TABLE 25 PETROLEUM REFINING: MARKET, BY REGION, 2018–2020 (MILLION TONS)
TABLE 26 PETROLEUM REFINING: MARKET, BY REGION, 2021–2027 (MILLION TONS)
8.6 TEXTILE INDUSTRY
8.6.1 GROWING AWARENESS REGARDING HIGH-QUALITY AND BRANDED FABRICS TO DRIVE DEMAND
TABLE 27 TEXTILE INDUSTRY: SULFURIC ACID MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 28 TEXTILE INDUSTRY: MARKET, BY REGION, 2021–2027 (USD MILLION)
TABLE 29 TEXTILE INDUSTRY: MARKET, BY REGION, 2018–2020 (MILLION TONS)
TABLE 30 TEXTILE INDUSTRY: MARKET, BY REGION, 2021–2027 (MILLION TONS)
8.7 AUTOMOTIVE
8.7.1 GROWING PRODUCTION OF MOTOR VEHICLES IN ASIA PACIFIC TO PROPEL DEMAND
TABLE 31 AUTOMOTIVE: SULFURIC ACID MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 32 AUTOMOTIVE: MARKET, BY REGION, 2021–2027 (USD MILLION)
TABLE 33 AUTOMOTIVE: MARKET, BY REGION, 2018–2020 (MILLION TONS)
TABLE 34 AUTOMOTIVE: MARKET, BY REGION, 2021–2027 (MILLION TONS)
8.8 CHEMICAL MANUFACTURING
8.8.1 ASIA PACIFIC TO DOMINATE SULFURIC ACID MARKET
TABLE 35 CHEMICAL MANUFACTURING: SULFURIC ACID MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 36 CHEMICAL MANUFACTURING: MARKET, BY REGION, 2021–2027 (USD MILLION)
TABLE 37 CHEMICAL MANUFACTURING: MARKET, BY REGION, 2018–2020 (MILLION TONS)
TABLE 38 CHEMICAL MANUFACTURING: MARKET, BY REGION, 2021–2027 (MILLION TONS)
8.9 OTHERS
TABLE 39 OTHER APPLICATIONS: SULFURIC ACID MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 40 OTHER APPLICATIONS: MARKET, BY REGION, 2021–2027 (USD MILLION)
TABLE 41 OTHER APPLICATIONS: MARKET, BY REGION, 2018–2020 (MILLION TONS)
TABLE 42 OTHER APPLICATIONS: MARKET, BY REGION, 2021–2027 (MILLION TONS)
9 SULFURIC ACID MARKET, BY REGION (Page No. - 77)
9.1 INTRODUCTION
FIGURE 21 ASIA PACIFIC TO BE LARGEST SULFURIC ACID MARKET DURING FORECAST PERIOD
TABLE 43 SULFURIC ACID MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 44 MARKET, BY REGION, 2021–2027 (USD MILLION)
TABLE 45 MARKET, BY REGION, 2018–2020 (MILLION TONS)
TABLE 46 MARKET, BY REGION, 2021–2027 (MILLION TONS)
9.2 NORTH AMERICA
FIGURE 22 US TO BE LARGEST MARKET IN NORTH AMERICA DURING FORECAST PERIOD
TABLE 47 NORTH AMERICA: SULFURIC ACID MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 48 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
TABLE 49 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2020 (MILLION TONS)
TABLE 50 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2027 (MILLION TONS)
TABLE 51 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 52 NORTH AMERICA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 53 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 54 NORTH AMERICA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.2.1 US
9.2.1.1 Increased recovery of elemental sulfur from petroleum refineries to drive market
TABLE 55 US: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 56 US: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
TABLE 57 US: MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 58 US: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
9.2.2 CANADA
9.2.2.1 Rising demand for technologically advanced electronic devices to fuel market
TABLE 59 CANADA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 60 CANADA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 61 CANADA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 62 CANADA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.2.3 MEXICO
9.2.3.1 Growing usage of sulfur fertilizers to increase consumption of sulfuric acid
TABLE 63 MEXICO: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 64 MEXICO: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 65 MEXICO: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 66 MEXICO: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.3 ASIA PACIFIC
FIGURE 23 CHINA TO BE LARGEST MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
TABLE 67 ASIA PACIFIC: SULFURIC ACID MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 68 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
TABLE 69 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2020 (MILLION TONS)
TABLE 70 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2027 (MILLION TONS)
TABLE 71 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 72 ASIA PACIFIC: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 73 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 74 ASIA PACIFIC: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.3.1 CHINA
9.3.1.1 Fertilizers segment to dominate sulfuric acid market
TABLE 75 CHINA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 76 CHINA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 77 CHINA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 78 CHINA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.3.2 INDIA
9.3.2.1 High demand for fertilizers to enhance demand for sulfuric acid
TABLE 79 INDIA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 80 INDIA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 81 INDIA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 82 INDIA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.3.3 JAPAN
9.3.3.1 Presence of large number of base metal smelters to support market growth
TABLE 83 JAPAN: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 84 JAPAN: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 85 JAPAN: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 86 JAPAN: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.3.4 SOUTH KOREA
9.3.4.1 Growing electronic and semiconductor industries to stimulate demand
TABLE 87 SOUTH KOREA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 88 SOUTH KOREA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 89 SOUTH KOREA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 90 SOUTH KOREA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.3.5 INDONESIA
9.3.5.1 Large-scale production of rice crop to propel growth
TABLE 91 INDONESIA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 92 INDONESIA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 93 INDONESIA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 94 INDONESIA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.3.6 REST OF ASIA PACIFIC
TABLE 95 REST OF ASIA PACIFIC: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 96 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 97 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 98 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.4 WESTERN EUROPE
TABLE 99 WESTERN EUROPE: SULFURIC ACID MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 100 WESTERN EUROPE: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
TABLE 101 WESTERN EUROPE: MARKET, BY COUNTRY, 2018–2020 (MILLION TONS)
TABLE 102 WESTERN EUROPE: MARKET, BY COUNTRY, 2021–2027 (MILLION TONS)
TABLE 103 WESTERN EUROPE: MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 104 WESTERN EUROPE: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 105 WESTERN EUROPE: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 106 WESTERN EUROPE: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.4.1 GERMANY
9.4.1.1 Reduction in natural availability of sulfur in soils to promote use of sulfur fertilizers
TABLE 107 GERMANY: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 108 GERMANY: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 109 GERMANY: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 110 GERMANY: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.4.2 SPAIN
9.4.2.1 Government initiatives to enhance agricultural production to drive demand
TABLE 111 SPAIN: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 112 SPAIN: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 113 SPAIN: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 114 SPAIN: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.4.3 ITALY
9.4.3.1 Growing production of motor vehicles to support market growth
TABLE 115 ITALY: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 116 ITALY: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 117 ITALY: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 118 ITALY: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.4.4 UK
9.4.4.1 Growing textile industry to boost consumption of sulfuric acid
TABLE 119 UK: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 120 UK: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 121 UK: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 122 UK: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.4.5 FRANCE
9.4.5.1 Developments in automotive, chemical manufacturing, and metal ore processing to drive market
TABLE 123 FRANCE: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 124 FRANCE: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 125 FRANCE: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 126 FRANCE: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.4.6 REST OF WESTERN EUROPE
TABLE 127 REST OF WESTERN EUROPE: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 128 REST OF WESTERN EUROPE: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 129 REST OF WESTERN EUROPE: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 130 REST OF WESTERN EUROPE: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.5 CENTRAL & EASTERN EUROPE
TABLE 131 CENTRAL & EASTERN EUROPE: SULFURIC ACID MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 132 CENTRAL & EASTERN EUROPE: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
TABLE 133 CENTRAL & EASTERN EUROPE: MARKET, BY COUNTRY, 2018–2020 (MILLION TONS)
TABLE 134 CENTRAL & EASTERN EUROPE: MARKET, BY COUNTRY, 2021–2027 (MILLION TONS)
TABLE 135 CENTRAL & EASTERN EUROPE: MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 136 CENTRAL & EASTERN EUROPE: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 137 CENTRAL & EASTERN EUROPE: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 138 CENTRAL & EASTERN EUROPE: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.5.1 RUSSIA
9.5.1.1 Large production of crude oil to fuel growth
TABLE 139 RUSSIA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 140 RUSSIA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 141 RUSSIA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 142 RUSSIA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.5.2 TURKEY
9.5.2.1 Growth in chemical manufacturing sector to propel demand
TABLE 143 TURKEY: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 144 TURKEY: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 145 TURKEY: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 146 TURKEY: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.5.3 REST OF CENTRAL & EASTERN EUROPE
TABLE 147 REST OF CENTRAL & EASTERN EUROPE: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 148 REST OF CENTRAL & EASTERN EUROPE: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 149 REST OF CENTRAL & EASTERN EUROPE: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 150 REST OF CENTRAL & EASTERN EUROPE: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.6 MIDDLE EAST & AFRICA
FIGURE 24 MIDDLE EAST & AFRICA: SULFURIC ACID MARKET SNAPSHOT
TABLE 151 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 152 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
TABLE 153 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2020 (MILLION TONS)
TABLE 154 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2027 (MILLION TONS)
TABLE 155 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 156 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 157 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 158 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.6.1 SAUDI ARABIA
9.6.1.1 Presence of numerous petroleum refineries to fuel demand
TABLE 159 SAUDI ARABIA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 160 SAUDI ARABIA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 161 SAUDI ARABIA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 162 SAUDI ARABIA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.6.2 MOROCCO
9.6.2.1 Production of phosphate fertilizers to boost demand
TABLE 163 MOROCCO: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 164 MOROCCO: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 165 MOROCCO: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 166 MOROCCO: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.6.3 UAE
9.6.3.1 Presence of large number of crude oil refineries to fuel demand
TABLE 167 UAE: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 168 UAE: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 169 UAE: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 170 UAE: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.6.4 REST OF MIDDLE EAST & AFRICA
TABLE 171 REST OF MIDDLE EAST & AFRICA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 172 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 173 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 174 REST OF MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.7 SOUTH AMERICA
TABLE 175 SOUTH AMERICA: SULFURIC ACID MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 176 SOUTH AMERICA: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
TABLE 177 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2020 (MILLION TONS)
TABLE 178 SOUTH AMERICA: MARKET, BY COUNTRY, 2021–2027 (MILLION TONS)
TABLE 179 SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 180 SOUTH AMERICA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 181 SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 182 SOUTH AMERICA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.7.1 BRAZIL
9.7.1.1 High demand for fertilizers due to strong agricultural activity to boost demand
TABLE 183 BRAZIL: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 184 BRAZIL: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 185 BRAZIL: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 186 BRAZIL: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.7.2 CHILE
9.7.2.1 Growth of metal processing boosted by declining metal ore prices to fuel growth
TABLE 187 CHILE: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 188 CHILE: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 189 CHILE: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 190 CHILE: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.7.3 ARGENTINA
9.7.3.1 Growth in mining and quarrying activities to propel demand
TABLE 191 ARGENTINA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 192 ARGENTINA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 193 ARGENTINA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 194 ARGENTINA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
9.7.4 REST OF SOUTH AMERICA
TABLE 195 REST OF SOUTH AMERICA: SULFURIC ACID MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 196 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 197 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2020 (MILLION TONS)
TABLE 198 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2021–2027 (MILLION TONS)
10 COMPETITIVE LANDSCAPE (Page No. - 153)
10.1 OVERVIEW
TABLE 199 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
10.2 MARKET SHARE ANALYSIS
10.2.1 MARKET SHARE ANALYSIS OF KEY PLAYERS
TABLE 200 SULFURIC ACID MARKET: DEGREE OF COMPETITION
FIGURE 25 REVENUE ANALYSIS OF TOP 5 PLAYERS IN SULFURIC ACID MARKET, 2017–2021
10.3 KEY MARKET DEVELOPMENTS
TABLE 201 SULFURIC ACID MARKET: DEALS, 2020–2022
TABLE 202 SULFURIC ACID MARKET: OTHERS, 2020–2022
10.4 COMPANY EVALUATION QUADRANT MATRIX DEFINITION AND METHODOLOGY, 2021
10.4.1 STARS
10.4.2 EMERGING LEADERS
10.4.3 PERVASIVE PLAYERS
10.4.4 PARTICIPANTS
FIGURE 26 SULFURIC ACID MARKET: COMPETITIVE LANDSCAPE MAPPING, 2021
11 COMPANY PROFILES (Page No. - 159)
11.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
11.1.1 THE MOSAIC COMPANY
TABLE 203 THE MOSAIC COMPANY: COMPANY OVERVIEW
FIGURE 27 THE MOSAIC COMPANY: COMPANY SNAPSHOT
11.1.2 BASF SE
TABLE 204 BASF SE: COMPANY OVERVIEW
FIGURE 28 BASF SE: COMPANY SNAPSHOT
11.1.3 OCP GROUP
TABLE 205 OCP GROUP: COMPANY OVERVIEW
FIGURE 29 OCP GROUP: COMPANY SNAPSHOT
11.1.4 CHEMTRADE LOGISTICS INCOME FUND
TABLE 206 CHEMTRADE LOGISTICS INCOME FUND: COMPANY OVERVIEW
FIGURE 30 CHEMTRADE LOGISTICS INCOME FUND: COMPANY SNAPSHOT
11.1.5 PHOSAGRO
TABLE 207 PHOSAGRO: COMPANY OVERVIEW
FIGURE 31 PHOSAGRO: COMPANY SNAPSHOT
11.1.6 NOURYON
TABLE 208 NOURYON: COMPANY OVERVIEW
FIGURE 32 NOURYON: COMPANY SNAPSHOT
11.1.7 AURUBIS AG
TABLE 209 AURUBIS AG: COMPANY OVERVIEW
FIGURE 33 AURUBIS AG: COMPANY SNAPSHOT
11.1.8 KMG CHEMICALS, INC.
TABLE 210 KMG CHEMICALS, INC.: COMPANY OVERVIEW
11.1.9 QATAR ACIDS COMPANY
TABLE 211 QATAR ACIDS COMPANY: COMPANY OVERVIEW
11.1.10 LANXESS AG
TABLE 212 LANXESS AG: COMPANY OVERVIEW
FIGURE 34 LANXESS AG: COMPANY SNAPSHOT
11.1.11 PVS CHEMICALS, INC.
TABLE 213 PVS CHEMICALS, INC.: COMPANY OVERVIEW
11.1.12 ELESSENT CLEAN TECHNOLOGIES, INC.
TABLE 214 ELESSENT CLEAN TECHNOLOGIES: COMPANY OVERVIEW
11.1.13 MITSUBISHI SHOJI CHEMICAL CORPORATION
TABLE 215 MITSUBISHI SHOJI CHEMICAL CORPORATION: COMPANY OVERVIEW
11.2 OTHER PLAYERS
11.2.1 WEYLCHEM GROUP OF COMPANIES
11.2.2 GROUPE CHIMIQUE TUNISIEN SA (GCT)
11.2.3 PETROPERU SA
11.2.4 ÁCIDOS Y MINERALES DE VENEZUELA
11.2.5 INDUSTRIAS BASICAS DE CALDAS
11.2.6 NANJING KAPSOM ENGINEERING LIMITED
11.2.7 NUTRIEN AG SOLUTIONS, INC.
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS (Page No. - 188)
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 SULFURIC ACID INTERCONNECTED MARKETS
12.3.1 ELECTRONIC GRADE SULFURIC ACID MARKET
12.3.1.1 Market definition
12.3.1.2 Market overview
12.3.1.3 Electronic grade sulfuric acid market, by grade
12.3.1.3.1 PPT (Parts per trillion)
12.3.1.3.2 PPB (Parts per billion)
TABLE 216 ELECTRONIC GRADE SULFURIC ACID MARKET SIZE, BY GRADE, 2017–2024 (USD MILLION)
12.3.2 SULFUR FERTILIZERS MARKET
12.3.2.1 Market definition
12.3.2.2 Market overview
12.3.2.3 Sulfur fertilizers market, by form
12.3.2.3.1 Liquid
12.3.2.3.2 Dry
TABLE 217 SULFUR FERTILIZERS MARKET SIZE, BY FORM, 2018–2025 (USD MILLION)
13 APPENDIX (Page No. - 191)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the sulfuric acid market. Exhaustive secondary research was done to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the sulfuric acid value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources for this research study include annual reports; press releases, and investor presentations of companies; white papers; certified publications; and articles by recognized authors, gold- and silver-standard websites, sulfuric acid manufacturing companies, regulatory bodies, trade directories, and databases. The secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It has also been used to obtain information about key developments from a market-oriented perspective.
Primary Research
The sulfuric acid market comprises several stakeholders, such as raw material suppliers, processors, end-use industries, and regulatory organizations in the supply chain. The demand side of the market is characterized by the presence of sulfuric acid manufacturers, importers/exporters, and manufacturers engaged in the production of various products. The supply side is characterized by key technology providers for sulfuric acid, end-users, researchers, and service providers.
In the primary research process, various primary sources from the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side included key opinion leaders, executives, vice presidents, and CEOs of manufacturing companies. The primary sources from the supply side included research institutions involved in R&D activities to introduce new technologies, key opinion leaders, distributors, and sulfuric acid manufacturing companies.
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Market Size Estimation
Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the sulfuric acid market. These approaches have also been used extensively to estimate the size of various dependent subsegments of the market. The research methodology used to estimate the market size included the following:
The following segments provide details about the overall market size estimation process employed in this study
- The key players in the market were identified through secondary research.
- The market shares in the respective regions were identified through primary and secondary research.
- The value chain and market size of the sulfuric acid market, in terms of value and volume, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research included the study of annual and financial reports of the top market players and interviews with industry experts, such as CEOs, VPs, directors, sales managers, and marketing executives, for key insights, both quantitative and qualitative.
Global Sulfuric acid Market Size: Bottom-Up Approach
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Data Triangulation
After arriving at the overall market size from the estimation process explained below, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market was validated using both the top-down and bottom-up approaches.
Report Objectives
Market Intelligence
- To analyze and forecast the size of the sulfuric acid market in terms of value and volume
- To define, describe, and forecast the market size by raw material, application, and region
- To forecast the market size with respect to six main regions, namely, North America, Western Europe, Central & Eastern Europe, Asia Pacific, the Middle East & Africa, and South America
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the market segments with respect to individual growth trends, prospects, and their contribution to the market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments, such as product launches, joint ventures and expansions in the sulfuric acid market
Competitive Intelligence
- To identify and profile the key players in the sulfuric acid market
- To determine the top players offering various products in the sulfuric acid market
- To provide a comparative analysis of the market leaders based on the following:
- Product offerings
- Business strategies
- Strengths and weaknesses
- Key financials
- To understand the competitive landscape of the market and identify the key growth strategies adopted by the leading players across key regions
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Generating Response ...
Growth opportunities and latent adjacency in Sulfuric Acid Market