市場調查報告書
商品編碼
1596925
硫酸市場規模、佔有率、成長分析、按原料、按應用、按純度、按等級、按地區 - 行業預測,2024-2031 年Sulfuric Acid Market Size, Share, Growth Analysis, By Raw Material (Elemental Sulphur, Base Metal Smelters), By Application (Fertilizers, Metal Processing), By Purity, By Grade, By Region - Industry Forecast 2024-2031 |
2022年全球硫酸市場規模為134億美元,從2023年的149億美元成長到2031年的388億美元,預測期間(2024-2031年)複合年成長率為11.2%。
硫酸市場預計將大幅成長,主要受到化肥、化學品製造、造紙和紙漿、精製、金屬加工和汽車工業等多個領域需求成長的推動。由於農業相關人員專注於提高作物產量和食品質量,化肥行業預計將擴大並提振硫酸市場。由於汽車電池中硫酸的使用量不斷增加,汽車產業預計在未來幾年將呈現出最高的複合年成長率。然而,產業擴張的推動因素是旨在促進環保實踐的監管壓力,以及需求成長導致原料價格波動,尤其是在供應有限的背景下,磷肥製造商可能會面臨這項挑戰。此外,H2SO4 市場的成長可能是由於新源績效標準 (NSPS) 等法規的採用推動的,該標準對生產過程中二氧化硫、硫酸、顆粒物和氮氧化物的排放施加了嚴格限制設施很高。整體而言,成長機會比比皆是,但市場領域的相關人員必須駕馭監管環境和供應鏈動態,以充分利用這種重要化學品在不同應用中的潛力。
Global Sulfuric Acid Market size was valued at USD 13.4 billion in 2022 and is poised to grow from USD 14.9 billion in 2023 to USD 38.8 billion by 2031, growing at a CAGR of 11.2% during the forecast period (2024-2031).
The sulfuric acid market is poised for significant growth driven primarily by increasing demands across various sectors, including fertilizers, chemical manufacturing, paper and pulp, petroleum refining, metal processing, and the automotive industry. As agricultural stakeholders focus on enhancing crop yields and food quality, the fertilizer segment is expected to expand, consequently boosting the sulfuric acid market. Notably, the automotive industry is projected to exhibit the highest compound annual growth rate (CAGR) in the coming years, propelled by the rising usage of sulfuric acid in automotive batteries. However, the industry's expansion may encounter challenges from regulatory pressures aimed at promoting environmentally friendly practices and fluctuations in raw material prices, particularly amidst rising demand from phosphate fertilizer producers against a backdrop of limited supply. Moreover, the growth of the H2SO4 market is likely to be fueled by the adoption of regulations such as the New Source Performance Standards (NSPS), which impose stricter controls on emissions of sulfur dioxide, sulfuric acid, particulate matter, and nitrogen oxides from production facilities. Overall, while opportunities for growth are abundant, stakeholders in the sulfuric acid market must navigate regulatory landscapes and supply chain dynamics to leverage the potential of this essential chemical across its diverse applications.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Sulfuric Acid market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Sulfuric Acid Market Segmental Analysis
Global Sulfuric Acid Market is segmented Raw Material, Application, Purity, Grade and Region. Based on Raw Material, the market is segmented By Elemental Sulphur, Base Metal Smelters, Pyrite Ore, Others. Based on Application, the market is segmented into Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Paper & Pulp, and Others. Based on Purity, the market is segmented on Standard Grade Sulfuric Acid and Ultra-Pure Sulfuric Acid. Based on Grade, there are Pharma Grade, Technical Grade and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Sulfuric Acid Market
The global sulfuric acid market is significantly influenced by the agricultural sector's need to enhance crop yield while minimizing waste amidst a growing population and limited arable land. This demand for high-quality fertilizers, which rely heavily on sulfuric acid, is propelling market growth. Additionally, sulfuric acid's versatility in various industries-such as metal processing, automotive, paper and pulp manufacturing, petroleum refining, and chemical production-further solidifies its importance as a dehydrating agent, catalyst, and reactant. Particularly, the soaring need for sulfuric acid in the production of phosphate fertilizers is a critical factor driving the expansion of the sulfuric acid market worldwide.
Restraints in the Global Sulfuric Acid Market
The global sulfuric acid market faces significant restraints that impede its growth. An oversupply of materials in the market restricts the sales potential of sulfuric acid, thereby limiting overall market expansion. Additionally, chemical industries are highly regulated due to the severe environmental impacts and health risks associated with the use of sulfuric acid. The hazardous nature of sulfuric acid necessitates stringent compliance with safety regulations, which can further complicate production and distribution processes. These challenges create barriers for manufacturers and can slow the market's development, making it crucial for stakeholders to navigate these restrictions effectively.
Market Trends of the Global Sulfuric Acid Market
The Global Sulfuric Acid market is witnessing significant growth, driven primarily by the increased demand for pesticides and cleaning supplies during and post-pandemic. The critical role of sulfuric acid in manufacturing essential cleaning agents has propelled its consumption as hygiene remains a priority. Although the initial lockdowns curtailed production and demand, the subsequent easing of restrictions has resulted in a swift rebound in sales. As industries ramp up operations to meet rising market needs, the overall outlook for the sulfuric acid market remains optimistic, with sustained growth anticipated in the coming years as global health standards evolve.