Global Sulfuric Acid Market Size, Share, Opportunities, And Trends By Raw Material (Elemental Sulfur, Pyrite Ore, Base Metal Smelters, Others), By End-Use Industry (Oil And Gas, Textile, Automotive, Chemical, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Sep 2023
  • Report Code : KSI061612018
  • Pages : 148

The sulfuric acid market is projected to witness a compound annual growth rate of 2.15%, growing to US$16.233 billion by 2028 from US$13.988 billion in 2021.

Sulfuric acid is very strong and has both hygroscopic and oxidizing properties. The other name for this acid is oil vitriol or mottling acid. At higher temperatures, this acid acts as an oxidizing and dehydrating agent. Sulfuric acid is water soluble and releases heat when dissolved in water.

Uses of sulfuric acid

The major use of sulfuric acid is in agriculture and farming, especially as a fertilizer. Products such as ammonium sulfate and superphosphate of lime that are mainly used in manufacturing phosphate-based fertilizers are made using sulfuric acid. According to the World Bank, the fertilizer consumption in kilograms per hectare of arable land was 146.4 kgs in the world in 2020. The use of fertilizers is growing year-by-year in the agricultural sector, which is expected to increase sulfuric acid consumption. 

Increasing use of sulfuric acid in fertilizers production

The growing use of fertilizer to produce food products, coupled with increased government investment in the production of sulfuric acid, is expected to increase the market share in the coming years.

According to the National Bureau of Statistics China, phosphate, nitrogen, and potash fertilizer production increased in volume from 55.44 million tons in 2021 to 54.96 million tons in 2020. Additionally, as per the Fertilizer Association of India, the use of fertilizers in 2021-22 was 63.94 million metric tons in India. The use of fertilizer saw a decline of 5.94% in 2021-22 but is expected to regain in the coming years. With the increasing food production in the country, the fertilizer industry is anticipated to grow in the projected period. As the use of fertilizers increases in various countries, the use of sulfuric acid is also expected to increase in the coming years. The rising urban population and growing number of people in urban areas are also rapidly boosting the demand for fertilizers, which will increase the use of sulfuric acid and result in sulfuric acid market growth.

China is expected to be the dominant market in the Asia Pacific region. 

This growth is primarily attributed to the rapid demand for sulfuric acid from various Industries such as pharmaceutical, paper, pulp, and textile, among others. Furthermore, the rising demand for recovery of waste printed circuit boards using sulfuric acid is a major factor promoting the growth in China market.

In line with the evolving market demands, numerous players are scaling up their operations to meet emerging requirements and offer improved services and solutions. Notable developments from the market include collaboration among major players such as Zhejiang Jiahua Energy Chemical Industry Co. Ltd., Zhejiang Jiafu New Material Co. Ltd, and BASF to expand the current production capacity of electronic-grade sulfuric acid in the China region.

Furthermore, the extensive applications of sulfuric acid for fertilizer usage, chemical manufacturing, metal processing, Automotive & petroleum refining are some of the top sectors that will determine the growth of the market till the forecast period. Also, stringent guidelines for controlling emissions will drive market growth. According to the International Fertilizer Industry estimates, east Asia is the fastest growing segment in terms of Fertilizer (NPK) consumption with 61.94K Kilo tonnes. Based on estimates, South Asia stood second in terms of Fertilizer (NPK) consumption.

Market Developments:

  • In May 2022, WeylChem International GmBH acquired INEOS Sulfur Chemical Spain SLU. INEOS is a leading manufacturer of sulfuric acid and has a production capacity of 350,000 tons in Bilbao. After the acquisition, the new company is named “WeylChem Bilbao.” The company has planned to increase its manufacturing capacity in the coming years to have a considerable market share.
  • In July 2021, the CM of Odisha, India, launched a new plant to produce sulfuric acid. The plant is expected to produce 2,000 metric tons of sulfuric acid daily. The estimated expenditure in this manufacturing unit was INR 400 crores, and it is targeted to be operational in 2023. Apart from producing sulfuric acid DAP and NPK fertilizers will be produced in the unit. The main aim behind such projects is to increase the production of sulfuric acid, which will lead to the increased production of fertilizers.

Global Sulfuric Acid Market Scope:


Report Metric Details
Market Size Value in 2021 US$13.988 billion
Market Size Value in 2028 US$16.233 billion
Growth Rate CAGR of 2.15% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Raw Material, End-User Industry, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Spectrum Chemical Manufacturing Corporation, The Mosaic Company, Hibrett Puratex, Southern States Chemical (Subsidiary of Dulany Industries, Inc.), BASF SE, ACP Labchem, Inc., LANXESS, Nyrstar N.V., Aurubis AG
Customization Scope Free report customization with purchase


Market Segmentation:

  • By Raw Material
    • Elemental Sulfur
    • Pyrite Ore
    • Base Metal Smelters
    • Others
  • By End-User Industry
    • Oil and Gas
    • Textile
    • Automotive
    • Chemical
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others

Frequently Asked Questions (FAQs)

The global sulfuric acid market is projected to witness a CAGR of 2.15% during the forecast period.
The global sulfuric acid market is projected to reach a market size of US$16.233 billion by 2028.
Sulfuric Acid Market was valued at US$13.988 billion in 2021.
Geographically, Asia Pacific holds the dominant share in the sulfuric acid market owing to the flourishing chemical and fertilizer industry, and easy availability of raw materials, especially in countries like India and China.
The major key driver of the global sulfuric acid market is the increasing demand in the fertilizers industry.


1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline


2.1. Research Design

2.2. Research Data

2.3. Validation


3.1. Key Findings


4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis


5.1. Introduction

5.2. Elemental Sulfur

5.3. Pyrite Ore

5.4. Base Metal Smelters

5.5. Others 


6.1. Introduction

6.2. Oil and Gas

6.3. Textile

6.4. Automotive

6.5. Chemical

6.6. Others 


7.1. Introduction

7.2. North America

7.2.1. By Raw Material

7.2.2. By End-User Industry

7.2.3. By Country United States Canada Mexico

7.3. South America

7.3.1. By Raw Material

7.3.2. By End-User Industry

7.3.3. By Country Brazil Argentina Others

7.4. Europe

7.4.1. By Raw Material

7.4.2. By End-User Industry

7.4.3. By Country United Kingdom Germany France Italy Spain Others

7.5. The Middle East and Africa

7.5.1. By Raw Material

7.5.2. By End-User Industry

7.5.3. By Country Saudi Arabia UAE Israel Others

7.6. Asia Pacific

7.6.1. By Raw Material

7.6.2. By End-User Industry

7.6.3. By Country Japan China India Thailand Indonesia Others


8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix


9.1. Spectrum Chemical Manufacturing Corporation

9.2. The Mosaic Company

9.3. Hibrett Puratex  

9.4. Southern States Chemical (Subsidiary of Dulany Industries, Inc.)

9.5. BASF SE

9.6. ACP Labchem, Inc.


9.8. Nyrstar N.V.

9.9. Aurubis AG

Spectrum Chemical Manufacturing Corporation

The Mosaic Company

Hibrett Puratex 

Southern States Chemical (Subsidiary of Dulany Industries, Inc.)


ACP Labchem, Inc.


Nyrstar N.V.

Aurubis AG