Rapid Industrialization in Steam Turbine Market can Tackle COVID 19 Outbreak, Claims MRFR

Market Research Future (MRFR) has published a cooked research report on the “global Sulfuric Acid Market” that contains the information from 2023 to 2030.


Global Sulfuric Acid Market


Sulfuric acid is well-known mineral acid and oxidizing agent, commonly produced by contact process method by sulphur dioxide production using sulphur in the presence of air across the globe. Sulfuric acid is colorless and water-soluble, having various applications across the chemical, fertilizer, and pharmaceutical industry. Of total sulfuric acid global production, over half of it goes into the production of phosphoric acid, which producers use to make phosphate fertilizers (e.g., DAP, MAP, APP, etc.) used in the agriculture sector owing to its properties which include root & seed development and overall plant maturation. Other industrial uses of sulfuric acid are for producing dyes, pigments, medicines, explosives, surfactants, inorganic materials, and acids, as well as petroleum refining and metallurgical operations


Market Synopsis


According to the MRFR analysis, the global sulfuric acid market is expected to register 3.73% CAGR during the forecast period, 2022 to 2030, and is expected to reach USD 17,781.93 million in 2030


The global sulfuric acid market is segmented on the basis of raw material, application, and region. Based on raw material the market is segmented into elemental sulfur, pyrite ores, base metal smelters and other. On the basis of application, the market is segmented into fertilizers, metal processing, petroleum refining, chemical manufacturing, and others. Major regions considered within the market are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.


The global sulfuric acid market is expected to showcase significant growth over the projected period. The growth of the Sulfuric acid market is influenced by increasing demand for the product from fertilizers, chemical manufacturing, paper & pulp, petroleum refinery, metal processing, and automotive industries for use as a catalyst, dehydrating agent, and a reactant. Rising concerns about high crop yield and excellent food quality from the agricultural sector are projected to propel fertilizer market growth, which, in turn, is likely to trigger the sulfuric acid market.


However, the volatile price of the raw materials is hampering the sulfuric acid market growth during the forecast period.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Steam Turbine MarketResearch Report


COVID-19 Impact on the Sulfuric Acid Market:


The advent of the global pandemic, COVID-19, has resulted in a global crisis. Impacting over 195 countries, the pandemic has created an economic backdrop worldwide and is deemed to create a chaotic environment, thereby resulting in the advent of global rescission. With the rising number of cases rapidly, the global sulfuric acid market is getting affected in many ways.


The COVID-19 pandemic has disrupted the global supply chain and interrupted the entire value chain, from raw material procurement to manufacturing and distribution. With several manufacturers having the required raw material and end-product stock, the impact does not seem high for a short duration but with the continuation of pandemic in the leading economies the trade restrictions were extended which led an adverse impact to the overall market


One of the key end-use industries for sulfuric acid is the fertilizer industry, which has seen a decline in demand as a result of the pandemic. The drop in demand for agricultural products due to supply chain disruptions and changes in consumer behaviour has led to a decrease in demand for fertilizers and, in turn, for sulfuric acid as a key component in fertilizer production.


Another important end-use industry for sulfuric acid is the chemical industry. The pandemic has resulted in a decrease in demand for many chemical products, such as plastics and dyes, as a result of reduced industrial and consumer spending. This has led to a decline in demand for sulfuric acid, which is used as a Raw Material in the production of these chemicals.


Additionally, the automotive industry, which is also an important end-use industry for sulfuric acid, has been negatively impacted by the pandemic. As a result of reduced consumer spending and supply chain disruptions, the demand for automobiles has decreased, leading to a decline in demand for sulfuric acid used in the production of car batteries, lubricants, and other automotive components.


Overall, the COVID-19 pandemic has had a significant impact on the demand for sulfuric acid from end-use industries. The decline in demand for agricultural products, chemicals, and automobiles has led to a decrease in demand for sulfuric acid as a key component in the production of these products.


Market Trends & Opportunities



  • Technological Advancements In Sulfuric Acid Production


Innovations in sulfuric acid production processes and new technologies are expected to increase production efficiency and reduce costs, which will make sulfuric acid more accessible and affordable. Some examples of technological advancements in sulfuric acid production include:



  • Membrane technology: Membrane technology is being used to separate sulfur dioxide from other gases in the sulfuric acid production process. This technology is more efficient and cost-effective than traditional methods, and it also reduces emissions.

  • Advanced oxidation processes: Advanced oxidation processes (AOPs) are being developed to convert sulfur dioxide into sulfuric acid without the need for traditional catalysts. This can reduce production costs and improve efficiency.

  • Biotechnology: Biotechnology is being used to produce sulfuric acid using microorganisms, which can reduce costs and emissions compared to traditional methods.

  • Advanced catalysts: Researchers are developing advanced catalysts that can improve the efficiency and reduce the costs of sulfuric acid production.

  • Smart sensors: Smart sensors are being used to monitor and control the sulfuric acid production process in real-time, which can reduce costs and improve efficiency.

  • 3D printing technology: 3D printing technology is used in the production of sulfuric acid by creating catalysts, improving the efficiency and reducing costs.


Overall, these advancements in technology are helping to make sulfuric acid production more efficient and cost-effective, which is making it more accessible and affordable for various industries.


Competitive Landscape


The global sulfuric acid industry is highly fragmented. The key players operating in the global sulfuric acid market include BASF SE (Germany), OCP Group S.A., The Mosaic Company, Nouryon, PVS Chemicals Inc, Aurubis, Ineos Enterprises Limited, Oriental Carbon & Chemicals Ltd., Amal Ltd., Dexo Fine Chem Pvt. Ltd. and many more. The market players are focused on investing in research & development and adopting strategic growth initiatives such as expansion, product launches, agreement, partnership, acquisition, and merger to strengthen their market position and capture a large customer base. The Mosaic Company (US), BASF SE (Germany), OCP Group (Morocco), and Nouryon (Netherlands) are some of the major players operating in the sulfuric acid market. These players have adopted strategies such as joint ventures, and expansions to enhance their business revenue and market share. Expansion of production units globally is the key strategy adopted by these players to cater to the increasing demand for sulfuric acid. Several companies are following investment and expansion strategies to strengthen their production capacities and penetrate into the emerging markets. An increase in the number of H2SO4 manufacturers & suppliers is projected to boost market growth over the forecast period.

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