Sulfuric Acid Market: Expanding Agriculture Sector in Emerging Economies Slated to Uplift Fertilizer Industry: Global Industry Analysis (2013 -2017) & Opportunity Assessment (2018 – 2028)

  • Published: 2018-05-23
  • Report Code: REP-GB-6753

An Incisive, In-depth Analysis on the Sulfuric Acid Market

This study offers a comprehensive, 360 degree analysis on the Sulfuric Acid market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Sulfuric Acid market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Leading suppliers of sulfuric acid are channelizing efforts towards developing partnerships with end users, such as fertilizer manufacturers, in order to better address the demand and specific requirements. A majority of the global sulfuric acid output is obtained as a by-product from refining of mining minerals. Efforts are being put on the part of mining companies towards improving efficiency to increase production as well as reduce the overall operational cost and increasing profitability during the times of lower selling prices.

At present, Canada is one of the major exporters of sulfuric acid to the United States. Globally, oil and gas are prominent sources used for the production of sulfuric acid, which are mainly supplied by the Middle East region. The growing demand for sulfuric acid and increasing production in Middle East region by key players will lead to stiff competition in the domestic market. This intense competition between key players is expected to pose significant challenges in the domestic sulfuric acid market in North America.

Chemicals and fertilizers is expected to stay on the vanguard in terms of use of sulfuric acid

Canada and the U.S. are the third and seventh largest consumers of crop nutrients in the world. In 2014, total arable land in the U.S. and Canada was over 380 million acres and 113 million acres, respectively. According to the Food and Agriculture Organization of the United Nations, the consumption of fertilizers in North America increased from 23.9 Mn MT to 25.2 Mn MT between 2014 and 2015. North America is the largest consumer of fertilizers. Thus, any increase in the consumption of fertilizers is, in turn, expected to drive the demand for sulfuric acid over the forecast period. The case is similar with Latin America, in Brazil and Argentina where the agricultural land is available in plenty. The use of fertilizers has also taken a significant surge in the region. Thereby, fertilizer manufacturers are channelizing efforts to cater to the increasing demand for phosphate fertilizers, which, in turn, has resulted in an increase in the demand for sulfuric acid. This is subsequently expected to drive the growth of the sulfuric acid market over the forecast period.

Metal processing industry to closely trail chemicals and fertilizers industry in terms of use of sulfuric acid

In APEJ or Asia Pacific excluding Japan, China dominates the copper and zinc metal markets in terms of production. For instance, in 2015, production of copper in China was around 1.7 Mn MT whereas zinc was around 4.3 Mn MT through mines. High production capacity of copper and zinc metal in the APEJ region coupled with rising demand from end-use industries is, in turn, expected to lead to an increase in production through the mining of these metals. Production of metals from their ores requires significant amounts of sulfuric acid, which is consequently expected to drive the demand for sulfuric acid. Owing to the aforesaid factors, the demand for sulfuric acid is expected to increase exponentially over the coming years across the globe. Other end-use industries are also increasing their consumption of sulfuric acid owing to its versatile characteristics.

Global Chemicals and Materials Industry Outlook along with an Overview of the Global Sulfuric Acid Market

Recycle and reuse practices are impacting the sales of virgin materials, resulting into lesser dependency on volume-driven growth. New materials are showcasing potential for driving value-based growth, but chemical companies are still some time away from achieving voluminous production, while maintaining high quality at the same time. Barring few exceptions, a majority of players are still prioritizing short-term volume growth over long-term value growth. Pressure on improving bottom-line is influencing manufacturers to improve efficiency and reduce operational costs. The impact of value-driven growth may not be visible in the short-term, but long-term outlook remains in favor of a balanced approach between value and volume.

Manufacturers are under increasing pressure to incorporate digital solutions in their offerings. Forward-thinking manufacturers are investing in technology to reduce human interference and streamline key operational aspects such as ordering and shipping. Resonating its influence over every industry, Internet of Things (IoT) has the potential to transform and disrupt the chemical sector. Connectivity through IoT devices is gaining traction, whereas product-level sensors on dispensing equipment and barrels are helping manufacturers track their consignments digitally. Through assessment of long-term benefits, chemical companies are capitalizing on digitization by adopting digital platforms & processes that eliminate human error in profit-associated operations.

Manufacturers continue seeking low-priced feedstock in a bid to marginally reduce pre-production costs. Industry leaders are joining forces to replace fossil fuel-derived feedstock with bio-based alternatives. However, concerns related to producing affordable and sustainable feedstock at mass scale remains a challenge. Access to quality and affordable feedstock will continue to remain a focus area for manufacturers. Chemical manufacturing processes are running on limited energy, while volume of feedstock is getting stranded at ports as disapproval from import authorities keeps disrupting supply chains in sectors, such as oleochemicals and petrochemicals industries.

Chemical manufacturers have promised support and adherence to governments & regional authorities that are committing towards green, sustainable initiatives. Development of bio-alternatives is gaining momentum. Research & academic institutes are teaming up with manufacturers to formulate sustainable substitutes for commonly-used chemical substrates. Many companies are keeping a close eye on advancements in “green chemistry.” Shift towards eco-friendly chemicals will gain momentum in the future on the back of government regulations and end-user preference. Rising costs of fossil fuels will also instrument the upsurge for sustainable chemicals manufacturing.

List of factors tracked in the Chemicals and Materials Market Report

  • Chemical Industry Value Add
  • Chemical Sales
  • Per Capita Consumption
  • Standard Capacity Factors
  • Plastics Consumption Outlook
  • Glass Consumption Outlook
  • Policies and Regulations
  • Historical growth of top players
  • Growth in associated markets
  • Net trade scenario
  • Apparent production capacity

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary
  • Market Definition
  • Macro-economic analysis
  • Parent Market Analysis
  • Market Overview
  • Forecast Factors
  • Segmental Analysis and Forecast
  • Regional Analysis
  • Competition Analysis

Market Taxonomy

The global sulfuric acid market has been segmented into:

Region

End User

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Middle East & Africa

  • China

  • South East Asia & Pacific (SEAP)

  • India

  • Japan

  • Chemical Fertilizers

  • Metal Processing

  • Phosphates

  • Fibers

  • Hydrofluoric Acid

  • Paints & Pigments

  • Pulp & paper

  • Others

Sulfuric Acid Market Reports - Table of Contents

Sulfuric Acid Market Reports - List of Tables

Table 01: Global Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Table 02: Global Sulfuric Acid Market Volume ('000 Tons) Forecast By Region, 2013 – 2028

Table 03: Global Sulfuric Acid Market Size (US$ Mn) Forecast By Region, 2013 – 2028

Table 04: North America Market Size (US$ Mn) and Volume ('000 Tons) Forecast by Country, 2013 – 2028

Table 05: North America Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Table 06: Latin America Market Size (US$ Mn) and Volume ('000 Tons) Forecast by Country, 2013 – 2028

Table 07: Latin America Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Table 08: Eastern Europe Market Size (US$ Mn) and Volume ('000 Tons) Forecast by Country, 2013 – 2028

Table 09: Eastern Europe Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Table 10: Western Europe Market Size (US$ Mn) and Volume ('000 Tons) Forecast by Country, 2013 – 2028

Table 11: Western Europe Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Table 12: SEA and Pacific Market Size (US$ Mn) and Volume (Tons) Forecast by Country, 2013 – 2028

Table 13: SEA & Pacific Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Table 14: China Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Table 15: India Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Table 16: Middle East and Africa Market Size (US$ Mn) and Volume (Tons) Forecast by Country, 2013 – 2028

Table 17: MEA Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Table 18: Japan Market Size (US$ Mn) and Volume ('000 Tons) Forecast by End Use, 2013 – 2028

Sulfuric Acid Market Reports - List of Figures

Figure 01: Global Sulfuric Acid Import Volume Share, 2017

Figure 03: Global Sulfuric Acid Exports Volume Share, 2017

Figure 02: Global Sulfuric Acid Import Volume, 2010–2017 (Kilo Tons)

Figure 04: Global Sulfuric Acid Export Volume, 2010–2017 (Kilo Tons)

Figure 05: Global Sulfuric Acid – Supply Demand Analysis, Kilotons (KT), 2017

Figure 06: Global Historical Market Size (US$ Mn) and Volume ('000 Tons) Analysis, 2013-2017

Figure 07: Global Current and Future Market Size (US$ Mn) and Volume ('000 Tons) Analysis, 2018-2028 

Figure 08: Global Sulfuric Acid Market Historical Value (US$ Mn), 2013 – 2017

Figure 09: Global Sulfuric Acid Market Value (US$ Mn) Forecast, 2018 – 2028

Figure 10: Global Sulfuric Acid Market Absolute $ Opportunity, 2018 – 2028

Figure 11: Global Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

Figure 12: Global Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 13: Global Absolute $ Opportunity- Chemical Fertilizers

Figure 14: Global Absolute $ Opportunity – Metal Processing

Figure 15: Global Absolute $ Opportunity- Phosphates

Figure 16: Global Absolute $ Opportunity – Fibers

Figure 17: Global Absolute $ Opportunity- Hydrofluoric Acid

Figure 18: Global Absolute $ Opportunity – Paints And Pigments

Figure 19: Global Absolute $ Opportunity – Pulp and Paper

Figure 20: Global Absolute $ Opportunity – Others

Figure 21: Global Market Attractiveness Analysis by End Use, 2018-2028

Figure 22: Global Market Value Share and BPS Analysis by Region – 2013, 2018 & 2028

Figure 23: Global Market Volume Y-o-Y (%) Growth Projections by Region, 2017 – 2028

Figure 24: North America Absolute $ Opportunity

Figure 25: Latin America Absolute $ Opportunity

Figure 26: Eastern Europe Absolute $ Opportunity

Figure 27: Western Europe Absolute $ Opportunity

Figure 28: SEA and Other Pacific Absolute $ Opportunity

Figure 29: China Absolute $ Opportunity

Figure 30: India Absolute $ Opportunity

Figure 31: MEA Absolute $ Opportunity

Figure 32: Japan Absolute $ Opportunity

Figure 33: Global Market Attractiveness Analysis by Region, 2018-2028

Figure 34: North America Market Value Share and BPS Analysis by Country– 2013, 2018 & 2028

 Figure 35: North America Market Volume Y-o-Y (%) Growth Projections by Country, 2017-2028

 Figure 36: North America Market Attractiveness Analysis by Country, 2018 – 2028

Figure 37: North America Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by Country

Figure 38: North America Historical Sulfuric Acid Market Size and Volume Analysis, 2013-2017

Figure 39: North America Current and Future Sulfuric Acid Market Size and Volume Analysis, 2018-2028

Figure 40: North America Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

Figure 41: North America Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 42: North America Market Attractiveness Analysis by End Use, 2018-2028

Figure 43: North America Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

Figure 44: Latin America Market Value Share and BPS Analysis by Country– 2013, 2018 & 2028

Figure 45: Latin America Market Volume Y-o-Y (%) Growth Projections by Country, 2017-2028

Figure 46: Latin America Market Attractiveness Analysis by Country, 2018 – 2028

Figure 47: Latin America Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by Country

Figure 48: Latin America Historical Sulfuric Acid Market Size and Volume Analysis, 2013-2017

Figure 49: Latin America Current and Future Sulfuric Acid Market Size and Volume Analysis, 2018-2028

Figure 50: Latin America Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

Figure 51: Latin America Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 52: Latin America Market Attractiveness Analysis by End Use, 2018-2028

Figure 53: Latin America Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

Figure 54: Eastern Europe Market Value Share and BPS Analysis by Country– 2013, 2018 & 2028

Figure 55: Eastern Europe Market Volume Y-o-Y (%) Growth Projections by Country, 2017-2028

Figure 56: Eastern Europe Market  Attractiveness Analysis by Country, 2018 – 2028

Figure 57: Eastern Europe Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by Country

Figure 58: Eastern Europe Historical Sulfuric Acid Market Size and Volume Analysis, 2013-2017

Figure 59: Eastern Europe Current and Future Sulfuric Acid Market Size and Volume Analysis, 2018-2028

Figure 60: Eastern Europe Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

 Figure 61: Eastern Europe Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 62: Eastern Europe Market Attractiveness Analysis by End Use, 2018-2028

Figure 63: Eastern Europe Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

Figure 64: Western Europe Market Value Share and BPS Analysis by Country– 2013, 2018 & 2028

Figure 65: Western Europe Market Volume Y-o-Y (%) Growth Projections by Country, 2017-2028

Figure 66: Western Europe Market Attractiveness Analysis by Country, 2018 – 2028

Figure 67: Western Europe Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by Country

Figure 68: Western Europe Historical Sulfuric Acid Market Size and Volume Analysis, 2013-2017

Figure 69: Western Europe Current and Future Sulfuric Acid Market Size and Volume Analysis, 2018-2028

Figure 70: Western Europe Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

Figure 71: Western Europe Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 72: Western Europe Market Attractiveness Analysis by End Use, 2018-2028

Figure 73: Western Europe Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

Figure 74: SEA and Pacific Market Value Share and BPS Analysis by Country – 2013, 2018 & 2028

Figure 75: SEA and Pacific Market Volume Y-o-Y (%) Growth Projections by Country, 2017 – 2028

Figure 76: SEA and Pacific Market Attractiveness Analysis by Country, 2018 – 2028

Figure 77: SEA and Other Pacific Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by Country

Figure 78: SEA & Pacific Historical Sulfuric Acid Market Size and Volume Analysis, 2013-2017

Figure 79: SEA & Pacific Current and Future Sulfuric Acid Market Size and Volume Analysis, 2018-2028

Figure 80: SEA & Pacific Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

Figure 81: SEA & Pacific Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 82: SEA & Pacific Market Attractiveness Analysis by End Use, 2018-2028

Figure 83: SEA and Other Pacific Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

Figure 84: China Historical Sulfuric Acid Market Size and Volume Analysis, 2013-2017

Figure 85: China Current and Future Sulfuric Acid Market Size and Volume Analysis, 2018-2028

Figure 86: China Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

Figure 87: China Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 88: China Market Attractiveness Analysis by End Use, 2018-2028

Figure 89: China Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

Figure 90: India Historical Sulfuric Acid Market Size and Volume Analysis, 2013-2017

Figure 91: India Current and Future Sulfuric Acid Market Size and Volume Analysis, 2018-2028

Figure 92: India Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

Figure 93: India Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 94: India Market Attractiveness Analysis by End Use, 2018-2028

Figure 95: India Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

Figure 96: Middle East and Africa Market Value Share and BPS Analysis by Country – 2013, 2018 & 2028

Figure 97: Middle East and Africa Market Volume Y-o-Y (%) Growth Projections by Country, 2017 – 2028

Figure 98: Middle East and Africa Market Attractiveness Analysis Country, 2018 – 2028

Figure 99: MEA Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by Country

Figure 100: MEA Historical Sulfuric Acid Market Size and Volume Analysis, 2013-2017

Figure 101: MEA Current and Future Sulfuric Acid Market Size and Volume Analysis, 2018-2028

Figure 102: MEA Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

Figure 103: MEA Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 104: MEA Market Attractiveness Analysis by End Use, 2018-2028

Figure 105: MEA Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

Figure 106: Japan Historical Sulfuric Acid Market Size and Volume Analysis, 2013-2017

Figure 107: Japan Current and Future Sulfuric Acid Market Size and Volume Analysis, 2018-2028

Figure 108: Japan Market Value Share and BPS Analysis by End Use– 2013, 2018 & 2028

Figure 109: Japan Market Volume Y-o-Y (%) Growth Projections by End Use, 2017-2028

Figure 110: Japan Market Attractiveness Analysis by End Use, 2018-2028

Figure 111: Japan Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

Figure 112: Japan Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by End use

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