Our comprehensive research on the Global Anhydrous Sulphuric Acid Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global anhydrous sulphuric acid market size was US$ 11.5 billion in 2021. The global anhydrous sulphuric acid market is forecast to grow to US$ 14.7 billion by 2030 by growing at a compound annual growth rate (CAGR) of 2.87% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The rising demand for phosphate fertilizers from the agricultural industry for high crop yielding is forecast to fuel the growth of the overall anhydrous sulphuric acid market. In addition, the decreasing number of fertile lands will benefit the global anhydrous sulphuric acid market during the study period.
Rising urbanization and skyrocketing demand for phosphate fertilizers will contribute to the growth of the anhydrous sulphuric acid market in the coming years.
The wide applications of anhydrous sulphuric acid in the automobile industry will surge the growth of the market. Anhydrous sulphuric acid is used in the manufacturing of batteries. Thus, it will benefit the market.
Stringent government regulations related to the use of anhydrous sulphuric acid may limit the growth of the market.
The rising number of investments for the manufacturing of hydrochloric acid, nitric acid, and phosphoric acid will escalate the demand for anhydrous sulphuric acid as it is one of the raw materials. Further, the rising demand for detergents will contribute to the growth of the anhydrous sulphuric acid market.
Regional Analysis
Asia-Pacific is forecast to hold the largest share in the anhydrous sulphuric acid market, followed by North America. The Asia-Pacific anhydrous sulphuric acid market is forecast to grow rapidly due to the growing sulfur production in China and Japan. In addition, the rising demand for anhydrous sulphuric acid from the Philippines and Indonesia will contribute to the growth of the market. The end-user industries like agriculture and the automotive are growing rapidly in this region. As a result of this, the Asia-Pacific anhydrous sulphuric acid market will grow inevitably.
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Competitors in the Market
- PVS Chemical Solution (US)
- AkzoNobel N.V. (Netherlands)
- BASF SE (Germany)
- DowDupont (US)
- Agrium Inc. (Canada)
- Aurubis (Germany)
- The Mosaic Company (US)
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Anhydrous Sulphuric Acid industry experienced notable growth in its workforce. Starting in January, employment within the Anhydrous Sulphuric Acid sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Anhydrous Sulphuric Acid output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Anhydrous Sulphuric Acid output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Anhydrous Sulphuric Acid market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Anhydrous Sulphuric Acid market.
Market Segmentation
The global anhydrous sulphuric acid market segmentation focuses on Raw Material, Application, Manufacturing Process, and Region.
Based on the raw material type, the anhydrous sulphuric acid market has been segmented into –
- Pyrite Ore
- Elemental Sulfur
- Base Metal Smelters
- Others
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Based on the application, the anhydrous sulphuric acid market has been segmented into –
- Fertilizers
- Pulp & Paper
- Textiles
- Chemical Manufacturing
- Metal Processing
- Automotive Battery Acid
- Petroleum Refining and Others
Based on the manufacturing process, the anhydrous sulphuric acid market has been segmented into –
- Single Contact Process
- Wet Contact Process
- Lead Chamber Process
- Others
Based on the region, the anhydrous sulphuric acid market has been segmented into –
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Anhydrous Sulphuric Acid Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Anhydrous Sulphuric Acid Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Anhydrous Sulphuric Acid Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Anhydrous Sulphuric Acid Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Anhydrous Sulphuric Acid market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Anhydrous Sulphuric Acid market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Anhydrous Sulphuric Acid business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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