Sulfuric Acid Market is predicted to reach USD 17.78 billion at a CAGR of 3.73% during the forecast period 2023-2030

The Sulfuric Acid market is estimated to register a CAGR of 3.73% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Sulfuric Acid market— BASF SE (Germany), OCP Group S.A (Morocco)., The Mosaic Company (US), Nouryon (Netherland), PVS Chemicals Inc (US), Aurubis (Germany), Ineos Enterprises Limited (UK), Oriental Carbon & Chemicals Ltd. (India), Amal Ltd. (India), Dexo Fine Chem Pvt. Ltd. (India)

Market Highlights

The global Sulfuric Acid market is accounted for to register a CAGR of 3.73% during the forecast period and is estimated to reach USD 17.78 billion by 2030.

The demand for sulfuric acid is on the rise, driven by a number of factors, including the growing agriculture industry, the packaging industry, and the automotive and transportation industries.

In the agriculture industry, sulfuric acid is used for a variety of purposes, such as fertilization, soil acidification, and pH adjustment. It is also used to process phosphoric acid, which is used as a fertilizer. The increasing demand for food and the need to improve crop yields is driving the growth of the agriculture industry, which in turn is driving the demand for sulfuric acid. Using fertilizers for producing the crops and fulfilling the needs, fertilizer are chemicals which is mixed with soil and helps to grow the crops with enhanced productivity.

In the packaging industry, sulfuric acid is used to produce a variety of products such as polyethylene terephthalate (PET) bottles, which are used to package food and beverages. The rise in demand for packaged goods is driving the growth of the packaging industry, which is also driving the demand for sulfuric acid.

In the automotive and transportation industries, sulfuric acid is used to produce lead-acid batteries, which are used to power vehicles. The increasing number of vehicles on the road and the need to reduce carbon emissions is driving the growth of the automotive and transportation industries, which is also driving the demand for sulfuric acid.

Wide utilization of sulfuric acid in chemical industries with increased demands from the industries. Sulfuric acid is a Raw Material used as a processor in producing and manufacturing the new chemical synthesis or producing the drug. Manufacturing of different chemicals with new developments with increased demands from the consumers enhanced the market growth during the forecast period. Increased demands for the nitric acid, sulphate salts, detergents, dyes, pigments, hydrochloric acid, explosives and other drugs

Segment Analysis

The global Sulfuric Acid market has been segmented based on Raw material, Application and region.

The global Sulfuric Acid Market segmentation, based on Raw Material has been segmented as Elemental Sulfur, Pyrite Ores, Base Metal Smelters and others. Among these, the Element Sulfur is projected to dominate the global Sulfuric Acid market revenue through the projected period as estimated by MRFR analysts.

Elemental Sulfur Acid emerged as a significant product segment dominate in 2021. Raw materials elemental sulfur to gain the largest market in sulfuric acid with the increased utilization of sulfur in producing sulfuric acid having less pollution characteristics than that of pyrite ores, oil and petroleum refining industries and base metal smelters. Increased rapid adoption of the sulfuric acid in various sectors drives the market growth of sulfuric acid. Elemental sulfuric acid to be the processing material involved in chemical synthesis wide characteristics of sulfuric acid with increased production of drugs in pharmaceutical industries boost the market development. It is commonly used as a raw material in the production of Sulfur acid due to its high sulfur content and the ease of converting it into the acid through a process called the contact process.

Based on Application, the market is segmented as Fertilizers, Metal Processing, Petroleum Refining, Chemical Manufacturing and Others. Out of which the fertilizer segment dominated base year market and is also projected to be holding a dominating share in the forecasted period as well. Sulfuric acid is a strong mineral acid made up of sulfur, hydrogen, and oxygen. It has a strong smell and is an extremely corrosive, oily, and clear liquid. It should always be handled with caution, even in its diluted form. When diluted with water, it releases heat in a ceramic exhaust reaction. It is an important industrial chemical used in fertilizer manufacturing processes. Around half of the global sulfuric acid supply is used in agriculture and farming, especially as fertilizer. Sulfuric acid is used to manufacture phosphate fertilizers, such as the superphosphate of lime and ammonium sulfate. Sulfuric acid increases crop yield, which helps farmers generate more revenue by producing highly nutritional crops.

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Regional Analysis

By Region, the study segments the Sulfuric Acid market into North America, Europe, Asia-Pacific, Middle East & Africa and South America. The Asia Pacific Sulfuric Acid market holds the largest market share and is also anticipated to account for the largest revenue share during the forecast period. Increasing production of sulfur from China and Japan is projected to propel the product offerings of sulfuric acid in this region. Rising demand for H2SO4 from the Philippines and Indonesia is expected to boost Asia Pacific regional market over the forecast period. Due to the high demand from the chemical, fertilizer, and other manufacturing sectors in countries like China, India, and Japan, the sulfuric acid market has been rapidly increasing. In 2021, the sulfuric acid production in China was 93.83 million metric tons, compared to 92.38 million metric tons in 2020, registering a growth of over 1.5%, according to the National Bureau of Statistics of China. The sulfuric acid production output continued to rise in China, with a manufacturing capacity of 129 million tons in 2022, registering a growth of 1.59% from the same period in the previous year. In China, companies are planning to increase the manufacturing capacity of sulfuric acid to 21.08 million tons annually. After the capacity increase in 2022-2024, the supply pattern of the sulfuric acid market is expected to undergo significant changes in the country, including increasing exports, shrinking imports, and changes in goods flow.

China is the largest fertilizer manufacturer in the world. According to the National Bureau of Statistics of China, the nitrogen, phosphate, and potash fertilizer production volume in China accounted for 55.44 million tons in 2021, compared to 54.96 million tons in 2020, registering a growth of 0.87%.

Additionally India, in July 2021, the Chief Minister of Odisha laid the foundation stone for a sulfuric acid manufacturing facility on the premises of the fertilizer cooperative IFFCO at its Paradip division. The project will cost around INR 400 crore (~USD 48.36 million), with operations estimated to start by 2023. This new production plant will reduce dependency on the import of chemicals. This is IFFCO’s third sulfuric acid manufacturing plant, with a capacity of about 2,000 metric tons (MT) per day.

Key Findings of the Study

• The global Sulfuric Acid market is expected to reach USD 17.78 billion by 2030, at a CAGR of 3.73% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on Raw material, the Elemental Sulfur segment was attributed to holding the largest market in 2022.


• Based on application, the fertilizer segment was attributed to holding the largest market in 2022.


• BASF SE (Germany), OCP Group S.A (Morocco)., The Mosaic Company (US), Nouryon (Netherland), PVS Chemicals Inc (US), Aurubis (Germany), Ineos Enterprises Limited (UK), Oriental Carbon & Chemicals Ltd. (India), Amal Ltd. (India), Dexo Fine Chem Pvt. Ltd. (India)