Sulphuric Acid Market Outlook

According to the report by Expert Market Research (EMR), the global sulphuric acid market reached a volume of approximately 297.40 million metric tonnes (MMT) in 2024. Driven by the widespread use of sulphuric acid across key industries such as fertilizers, chemicals, and metal processing, the market is projected to expand at a compound annual growth rate (CAGR) of 1.50% between 2025 and 2034, reaching nearly 345.14 MMT by 2034.

Sulphuric acid is one of the most important industrial chemicals, primarily used in the production of phosphoric acid for fertilizers, as well as in petroleum refining, wastewater treatment, and chemical synthesis. Its strong acidic properties make it indispensable in a wide range of applications, including pH adjustment, metal processing, and the manufacturing of detergents and explosives. The global demand for sulphuric acid market is closely linked to industrial growth, agricultural expansion, and urbanization trends, particularly in emerging economies.

Sulphuric Acid Market Size

The global sulphuric acid market has experienced steady growth over the past decade, primarily driven by rising industrialization and agricultural demand. In 2024, the market attained a volume of approximately 297.40 MMT, reflecting incremental growth compared to previous years. Asia-Pacific dominates the global market, accounting for a significant share, largely due to the increasing agricultural production in countries such as China, India, and Southeast Asian nations. North America and Europe collectively contribute to a smaller share but are expected to witness consistent demand owing to technological advancements and industrial applications.

The market size is influenced by several factors, including the production capacities of key manufacturers, raw material availability, and regional demand for fertilizers and chemicals. The rising need for high-yield crops has directly fueled sulphuric acid consumption, particularly in phosphorus-based fertilizer production.

Sulphuric Acid Market Trends

Several notable trends are shaping the global sulphuric acid market. One prominent trend is the adoption of greener production technologies, such as the wet gas sulphuric acid process, which reduces emissions and environmental impact. Additionally, there is a growing focus on recycling sulphuric acid from industrial effluents to minimize waste and improve sustainability.

Another key trend is the diversification of applications beyond traditional fertilizer production. For instance, sulphuric acid is increasingly being utilized in battery manufacturing, particularly for lead-acid batteries, which are critical for automotive and renewable energy storage solutions. This trend aligns with the global shift towards electric mobility and clean energy, thereby providing new growth avenues for the market.

Furthermore, digitalization and smart manufacturing are emerging trends within the chemical production industry. Automated process controls, real-time monitoring, and advanced analytical techniques are enhancing efficiency, product quality, and safety in sulphuric acid production facilities worldwide.

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Drivers of Growth

Several factors are driving the growth of the sulphuric acid market globally:

• Agricultural Expansion: The primary driver of sulphuric acid demand remains its use in fertilizer production, particularly for phosphate fertilizers. Rising global population, coupled with the need for higher agricultural productivity, is fueling the demand for fertilizers, and by extension, sulphuric acid.

• Industrial Growth: Sulphuric acid is a critical component in numerous industrial processes, including chemical synthesis, petroleum refining, and metal processing. The expansion of these industries in emerging economies is positively influencing market growth.

• Technological Advancements: Innovations in production processes, such as energy-efficient catalytic methods and emission-reducing technologies, are reducing operational costs and environmental impact, further encouraging market expansion.

• Urbanization and Infrastructure Development: The construction of infrastructure, including roads, bridges, and urban facilities, has increased demand for chemicals and metals that utilize sulphuric acid in their production or processing.

• Renewable Energy Initiatives: The growing use of sulphuric acid in battery manufacturing for electric vehicles and energy storage systems is another driver, reflecting the global shift towards sustainable energy solutions.

Sulphuric Acid Market Segmentation

The market can be divided based on application and region.

Industry Key Players

Some of the major players explored in the report by Expert Market Research are as follows:

• INEOS Group
• BASF SE (OTCMKTS: BASFY)
• DuPont de Nemours, Inc. (NYSE: DD)
• PVS Chemicals, Inc.
• Chung Hwa Chemical Industrial Works, Ltd.
• Others

Challenges and Opportunities

Despite steady growth, the sulphuric acid market faces several challenges. Environmental concerns and stringent regulations on emissions and waste disposal pose significant hurdles for producers. Sulphuric acid production involves the emission of sulfur dioxide (SO₂), a pollutant that contributes to acid rain, necessitating investment in emission control technologies.

Volatility in raw material prices, particularly sulfur, can impact production costs and profit margins. Additionally, competition from alternative chemicals and substitutes in certain industrial applications may limit market growth.

However, the market presents several opportunities. The rising demand for clean energy and electric vehicles has increased the use of sulphuric acid in battery manufacturing, providing new growth avenues. Recycling and recovery initiatives offer both economic and environmental benefits, enabling sustainable production practices. Moreover, expanding applications in the chemical, metal, and pharmaceutical industries continue to support long-term market growth.

Sulphuric Acid Market Forecast

The global sulphuric acid market is projected to grow steadily over the forecast period. From a volume of 297.40 MMT in 2024, the market is expected to reach approximately 345.14 MMT by 2034, registering a CAGR of 1.50%. Growth will be primarily driven by sustained demand in the fertilizer sector, industrial applications, and emerging uses in energy storage technologies.

Regionally, Asia-Pacific is expected to maintain its dominant position, fueled by continued agricultural expansion and industrialization. North America and Europe are projected to witness moderate growth, supported by technological advancements, sustainable production initiatives, and regulatory compliance measures. Emerging markets in Africa, Latin America, and the Middle East will increasingly contribute to global demand, providing growth opportunities for manufacturers.

The market is also anticipated to witness strategic consolidation and investment in green technologies, which will enhance production efficiency and reduce environmental impact. Overall, the global sulphuric acid market is poised for steady, sustainable growth, driven by increasing industrial and agricultural demand, technological innovation, and emerging applications.

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