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Published Date: 2016-02-03Number of Pages: 133

Sulfuric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

China Remains at Forefront of Sulfuric Acid Market

The upswing in the chemicals market in China has been the primary growth driver for the sulfuric acid market. As other countries continue investing in this market, China will steer the overall sulfuric acid market towards a remarkable growth. Currently, the country is producing 45,000 chemicals and is positioned to lead the global market all the way through to 2023. According to the research report, the opportunity in the global sulfuric acid market will be worth US$85.4 bn by the end of 2023 as against US$67.9 bn in 2014, rising at a 2.6% CAGR between 2015 and 2023.

Sulfuric acid will continue to be in demand, especially in the developing countries as they majorly depend on agriculture that requires phosphate fertilizers. These fertilizers are biggest users of sulfuric acid as they accounted for about 50% of the sulfuric acid consumption in the world in 2014. The demand for phosphate fertilizers is anticipated to grow in the coming years as countries try to increase their yield of cotton, wheat, rice, and soya bean to cater to the demands of the ever-increasing population. Government policies will also support this demand in countries such as South Africa, India, and China.

Chemical Synthesis to Take Over the Baton from Fertilizers Segment

Needless to say, the fertilizer segment is the biggest application segment in the overall market. The report indicates that this segment held a whopping share of 60% in the overall market in 2014. However, this segment is expected to be stymied by the chemical synthesis segment in the near future. Usage of sulfuric acid in over 20 chemical processes will boost this application segment over others. Sulfuric acid is used in making chemicals such as for manufacturing nitric acid, sulfate salts, hydrochloric acid, explosives, and drugs amongst others.

 

sulfuric-acid-market

 

Asia Pacific will Remain Dominant Region

Asia held a 50% share in the global sulfuric acid market in 2014, clearly, a claiming a dominant position for itself. Analysts predict that this region will continue to remain the leading one due to the concentration of chemicals industry in China and other developing countries. Thus, the increasing adoption of sulfuric acid in the processing of chemicals, fertilizers, availability of cheap labor, increasing foreign investment, and flexible regulatory framework are all going to contribute towards the rising share of Asia in the global sulfuric acid market. On the other hand, North America and Europe will witness a plunge in the sulfuric acid consumption as the governments in these region has taken a strict stance towards this carcinogenic substance.

Among the players leading the vendor landscape in the global sulfuric acid market are The Mosaic Company, Eco Services Operations, LLC, The Chemours Company, Chemtrade Logistics Inc., Vale Fertilizantes S/A, Akzo Nobel N.V., PotashCorp, and BASF SE. Due to the slow but steady growth in the market, these players are focusing on developing alternative sulfur recovery technologies that will be less hazardous to the environment in the near future. Furthermore, several companies are also engaging in entering strategic mergers and acquisitions in order to gain technological advantage and an impressive market presence.

Chapter 1 Preface

  • Report Description
  • Research Scope
  • Assumptions
  • Market Segmentation
  • Research Methodology

Chapter 2 Executive Summary

  • Global Sulfuric Acid Market, Volume and Revenue, 2014 - 2023, (Mn Tons) (US$ Bn)
  • Sulfuric Acid: Market Snapshot 

Chapter 3 Sulfuric Acid Market – Industry Analysis

  • Introduction
  • Value Chain Analysis
  • Market Drivers
  • Driver 1 – Industrialization in China Anticipated to Boost Sulfuric Acid Market Demand
  • Driver 2 – Expansion of Global Phosphate Fertilizers Market Likely to Increase Consumption of Sulfuric Acid
  • Restraints
  • Restraint 1 – Volatility in Prices of Raw Materials to Adversely Impact Demand for Sulfuric Acid
  • Restraint 2 – Strict Government Regulations to Restrict Market Growth
  • Opportunities
  • Opportunity 1 – Recovery of Sulfur Likely to Provide Growth Opportunities
  • Porter’s Five Forces Analysis
  • Bargaining Power Of Suppliers
  • Bargaining Power Of Buyers
  • Threat Of New Entrants
  • Threat Of Substitutes
  • Degree Of Competition
  • Sulfuric Acid: Market Attractiveness Analysis
  • Market Attractiveness Analysis By Application
  • Market Attractiveness Analysis By Country
  • Sulfuric Acid: Company Market Share (%), 2014

Chapter 4 Raw Material and Price Trend Analysis

  • Raw Material Analysis – Manufacturing/Extraction/Recovery Process
  • Raw Material Price Trends, 2014 – 2023, (US$/Ton)
  • Sulfuric Acid Price Trends, 2014 – 2023, (US$/Ton)

Chapter 5 Market Segmentation – Application Analysis

  • Global Sulfuric Acid Market: Application Overview
  • Global Sulfuric Acid Market for Fertilizers, Volume & Revenue, 2014 – 2023
  • Global Sulfuric Acid Market for Chemical Synthesis, Volume & Revenue, (Million Tons) (US$ Bn), 2014 – 2023, (Million Tons) (US$ Bn)
  • Global Sulfuric Acid Market for Wastewater Treatment, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
  • Global Sulfuric Acid Market for Metal & Mining, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
  • Global Sulfuric Acid Market For Others, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)

Chapter 6 Market Segmentation – Regional Analysis

  • Global Sulfuric Acid Market: Regional Overview
  • North America Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • U.S. Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Rest Of North America Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
  • Europe Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • France Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • U.K. Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Spain Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Germany Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Italy Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Rest Of Europe Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
  • Asia Pacific Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • China Sulfuric acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Japan Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • ASEAN Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Rest Of Asia Pacific Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
  • Latin America Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Brazil Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Rest Of Latin America Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
  • Middle East & Africa Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • GCC Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • South Africa Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)
    • Rest Of Middle East & Africa Sulfuric Acid Market – Application Analysis, Volume & Revenue, 2014 – 2023, (Million Tons) (US$ Bn)

Chapter 7 Company Profiles

  • The Mosaic Company
  • The Chemours Company
  • Eco Services Operations, LLC
  • Chemtrade Logistics Inc.
  • Khaitan Chemicals & Fertilizers Limited
  • BASF SE
  • PotashCorp
  • Honeywell International, Inc.
  • Vale Fertilizantes S/A
  • Southern States Chemical
  • Akzo Nobel N.V.

Chapter 8 Primary Research – Key Findings

Chapter 9 List of Potential Customers

Sulfuric acid is an extremely corrosive acid that is highly soluble in water. It is one of the most widely produced as well as consumed bulk chemicals worldwide. Sulfuric acid is employed in a wide range industrial and domestic applications. Major applications of sulfuric acid include fertilizers, wastewater treatment, chemical synthesis, metal & mining, paper, and pharmaceutical. 

The report estimates the sulfuric acid market on the global, regional, and country level. The study provides forecast from 2015 to 2023 based on volume (million tons) and revenue (US$ Bn). 

The study offers a comprehensive view of the sulfuric acid market by dividing it into key application segments such as fertilizers, chemical synthesis, wastewater treatment, metal & mining, and others. Application segments have been analyzed based on present and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (million tons) and revenue (US$ Bn). Regional segmentation includes current and forecast demand for sulfuric acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report includes country-level analysis in terms of volume and revenue for application segments. Key countries such as the U.S., the U.K., France, Germany, Italy, Spain, China, Japan, Brazil, South Africa, as well as ASEAN and GCC are incorporated in the study. Market segmentation includes demand for individual applications in all the regions and countries. 

The report comprises a comprehensive value chain analysis that provides a broad view of the market. Value chain analysis also provides detailed information about value addition at each stage of the value chain. The report covers drivers and restraints for the sulfuric acid market along with their impact on demand during the forecast period. Additionally, it includes the study of opportunities in the sulfuric acid market at the global level. 

The report comprises Porter’s Five Forces Model to gauge the degree of competition in the sulfuric acid market. The report encompasses a qualitative write-up on market attractiveness analysis, wherein applications have been analyzed based on their attractiveness, growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated to derive general attractiveness of the market. The report also includes price trend analysis of raw materials such as elemental sulfur as well as oil & natural gas from 2014 to 2023. 

Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report. 

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of the research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and reinforcing our secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding. 

 report covers a detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include The Mosaic Company, The Chemours Company, Eco Services Operations, LLC, Ltd., Chemtrade Logistics Inc., Khaitan Chemicals & Fertilizers Limited, BASF SE, Vale Fertilizantes S/A, Akzo Nobel N.V., Southern States Chemical, Honeywell International, Inc., and PotashCorp. Company profiles include attributes such as company overview, number of employees, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview. 

The report segments the global sulfuric acid market as follows: 

  • lfuric Acid Market – Application Analysis
    • Fertilizers
    • Chemical synthesis
    • Wastewater treatment
    • Metal & mining
    • Others (Including paper & pulp, pharmaceutical, etc.)
       
  • Sulfuric Acid Market – Regional Analysis
    • North America
      • U.S.
      • Rest of North America
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • ASEAN
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • South Africa
      • Rest of Middle East & Africa
         


 
 
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