The global sulfuric acid market is expected to generate revenue of
Westford, USA, Nov. 11, 2022 (GLOBE NEWSWIRE) — Sulfuric acid is a key ingredient in fertilizer production, and with the world’s population expected to continue to grow, demand for this vital product is not expected to than increase. The majority of the product in the global sulfuric acid market is produced by the contact process, which involves burning sulfur in air to produce sulfur dioxide, which is then converted to sulfuric acid in the presence of an oxidizing agent. With global demand for fertilizer expected to increase in the coming years, companies involved in sulfuric acid production are well positioned to take advantage of this trend.
Sulfuric acid is one of the most important industrial chemicals. It is used in the manufacture of fertilizers, pigments, detergents, explosives and other chemicals in the global sulfuric acid market. It is also used in the petroleum industry as an acidulant and in the paper industry as a bleaching agent. The demand for sulfuric acid has been steadily growing over the past few years due to its increasing use in industries such as agriculture, mining, and construction. Rising population and income levels in developing countries are expected to further increase the demand for sulfuric acid in the coming years.
Get a sample copy of this report:
In terms of regional demand, Asia-Pacific is the largest sulfuric acid market, followed by North America and Europe. In Asia-Pacific, China is the largest market, followed by India and Japan. Growth in Asia-Pacific will be driven by continued economic expansion in China and India. In North America, growth will be driven by the recovery of the oil refining industry and the expansion of the shale gas industry. In Europe, demand will be driven by growth in the fertilizer industry.
54% of the world’s sulfuric acid is used for the manufacture of chemical fertilizers
The fertilizer industry is the largest consumer of the sulfuric acid market, where sulfuric acid is used to produce phosphate fertilizers. Other important users include the detergent industry (for the production of alkylbenzene sulfonates) and the dye industry (for the production of sulfonated dyes). According to SkyQuest analysis, the segment currently consumes more than 54% of global sulfuric acid production.
Sulfuric acid is an important ingredient in the production of chemical fertilizers. These fertilizers are essential for crops that require high levels of nutrients, such as nitrogen and phosphorus. Without sulfuric acid, these crops could not grow properly. Manufacturing chemical fertilizers is a complex process that involves many different chemicals and processes. However, sulfuric acid plays a vital role in this process and is essential for the production of these fertilizer products.
More than half of the sulfuric acid produced in the world is used in the manufacture of fertilizers. The main types of sulfur-containing fertilizers are ammonium sulphate, calcium sulphate and superphosphate.
Ammonium sulfate is the most widely used type of sulfur-containing fertilizer in the sulfuric acid market. It is made by reacting sulfuric acid with ammonia. Ammonium sulphate is a relatively inexpensive fertilizer and is easy to handle and transport. However, it has a number of drawbacks. Ammonium sulfate is a very acidic fertilizer and can damage crops if used in too high concentrations. It can also cause soil erosion if applied on sloping ground.
Browse the report summary and full table of contents (ToC):
Calcium sulfate (gypsum) is another popular type of sulfur-containing fertilizer in the sulfuric acid market. It is made by reacting sulfuric acid with calcium carbonate (limestone). Gypsum is less acidic than ammonium sulphate and therefore presents less risk of crop damage. However, gypsum is more expensive than ammonium sulphate, and it is not as easy to transport or handle.
Superphosphates are fertilizers that contain high levels of phosphorus as well as sulfur. They are made by reacting phosphate rock with sulfuric acid.
Electronic Grade Sulfuric Acid Market to Generate $300 Million in Revenue by 2030
Sulfuric acid is a versatile industrial chemical, used in the production of fertilizers, chemicals and explosives. It is also used in the oil and gas industry for enhanced oil recovery and as a catalyst in refining processes. Electronic grade sulfuric acid is a high purity form of the chemical used in the semiconductor industry.
Global Electronic Grade Sulfuric Acid Market was valued at USD 341.55 Million in 2021 and is projected to reach USD 530.76 Million by 2028, growing at a CAGR of 6.5%. Market growth is driven by the semiconductor industry’s growing demand for next-generation integrated circuits (ICs). Today, sulfuric acid is used in various stages of integrated circuit production, including etching, cleaning and doping. Electronic grade sulfuric acid is required for these applications because it has a lower level of impurities than other grades of sulfuric acid.
The Asia-Pacific region is the largest market for electronic grade sulfuric acid due to the presence of a large number of semiconductor manufacturers in countries such as China, Japan, South Korea and Taiwan. . The North America market is expected to grow at the highest CAGR over the forecast period owing to the expansion of new and existing semiconductor manufacturing facilities in the United States and Canada.
Top 3 Global Sulfuric Acid Market Trends
- Increased use of renewable energy sources: With the rising cost of traditional energy sources, many companies in the sulfuric acid industry are turning to renewable energy sources to power their operations. Solar and wind energy are becoming increasingly popular choices, as they are not only more environmentally friendly, but also more cost effective in the long run.
2. More production using sulphate-free processes: In recent years there has been a move towards sulphate-free processes in the sulfuric acid industry. This is due to growing environmental concerns about the impact of sulfuric acid production on air pollution and water quality. Sulfate-free processes use alternative reagents that do not produce sulfuric acid as a by-product, making them cleaner and more environmentally friendly in the sulfuric acid market.
3. Increased focus on safety and security: With the increasing regulation of hazardous materials, safety is becoming a major concern for companies in the sulfuric acid industry. Many companies are now investing in safety measures such as better ventilation and containment systems to protect workers from exposure to hazardous fumes. There is also an emphasis on safety, as sulfuric acid is a target for thieves looking to sell it on the black market.
Speak to the analyst for your custom needs:
Key players in the global sulfuric acid market
- Agrium (Canada)
- Akzo Nobel (Netherlands)
- Bayer (Germany)
- Bp (UK)
- Herringbone (US)
- Cytec Industries (USA)
- Dupont (USA)
- Evonik Industries (Germany)
- Honeywell (USA)
- Solvay (Belgium)
Related Reports in the SkyQuest Library:
SkyQuest Technology is a leading growth consulting firm providing market intelligence, marketing and technology services. It has more than 450 satisfied customers worldwide.
1 Apache Way, Westford, Massachusetts 01886
USA (+1) 617-230-0741
E-mail: [email protected]