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1622771

硫酸市場：依原料、應用和地區劃分，2024-2031

Sulfuric Acid Market By Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore), Application (Fertilizers, Chemical Manufacturing, Metal Processing), & Region for 2024-2031

出版日期: 2024年08月21日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

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簡介目錄

硫酸市場評估，2024-2031

由於其廣泛的應用，硫酸市場在許多領域都出現了顯著成長。硫酸是世界上最常生產和使用的工業化學品之一，是生產農業生產必需的肥料，特別是磷肥所必需的。由於世界人口不斷增長以及由此產生的糧食產量需求增加，對化肥的需求不斷增加，對硫酸的需求也在增加。預計2024年市場收入將超過129.6億美元，到2031年估值將達到約171.2億美元。

這些地區的工業化和城市化正在快速推進，促使建築、汽車和能源等各種用途需要大量硫酸的行業活動增加，預計從 2024 年起該市場將以 3.90 的複合年增長率增長到2031 年。將增長%。

硫酸市場定義/概述

硫酸 (H2SO4) 是工業製程中使用的腐蝕性濃縮化學物質。它是一種無色至微黃色粘稠液體，因其在多種行業中的廣泛使用和重視而被稱為 "化學之王" 。硫酸通常透過催化過程生產，其中二氧化硫 (SO2) 被氧化為三氧化硫 (SO3)，三氧化硫被水吸收以產生酸。

它是最常用的工業化合物之一，用於多種行業。主要用途之一是生產肥料，特別是磷肥。在此過程中，硫酸與磷礦結合產生磷酸，磷酸是磷酸一銨 (MAP) 和磷酸二銨等肥料的關鍵成分。

硫酸是最常用的工業化合物之一，在多種行業中都有應用。其主要用途之一是生產肥料，特別是磷肥。在此過程中，硫酸與磷礦結合產生磷酸，磷酸是磷酸一銨 (MAP) 和磷酸二銨等肥料的關鍵成分。

農業部門對化肥需求的增加會推動硫酸市場嗎？

由於化肥需求增加，農業成為主要驅動力，全球硫酸市場正迅速擴張。這一趨勢在農業活動不斷擴大、人口不斷增長的新興國家尤其明顯。根據聯合國糧食及農業組織（FAO）預測，2022年，全球化肥料使用量預計將達到2.01億噸，比2015年每年增長1.3%。硫酸是生產磷肥的重要原料，佔全球硫酸消耗量的60%以上。

在全球最大的化肥消費國中國，農業農村部公佈的2021年化肥消費量為5,490萬噸，較上年增加2%。印度是另一個重要的農業市場，據化肥部稱，2020-21 年化肥用量將增加 3.2%，達到 6,370 萬噸。美國農業部 (USDA) 預測，到 2050 年，全球農業產量需要增加 70%，才能滿足全球不斷增長的糧食需求、化肥以及硫酸的需求。

技術短缺會阻礙硫酸市場嗎？

硫酸市場嚴重依賴專業人員，特別是在生產、處理和應用作業方面。硫酸是一種重要的工業化學品，用於化肥、化學品製造、石油精煉和金屬加工等多種行業，由於其高腐蝕性，必須小心處理。硫酸生產的複雜性以及缺乏瞭解安全操作的經驗豐富的人員可能會對市場構成重大障礙。

缺乏合格的專業人員可能會阻礙硫酸產業的創新和技術進步。隨著公司尋求更永續、更有效率的製造方法以減少對環境的影響，對技術熟練人才的需求持續增長。產能不足可能會限制旨在減少排放和提高硫酸生產效率的尖端技術和方法的採用。這可能會限制市場成長潛力，特別是在硫酸需求迅速擴大的地區，例如新興國家。

The sulfuric acid market is experiencing substantial growth due to its wide range of uses in numerous sectors. Sulfuric acid, one of the most frequently produced and used industrial chemicals in the world is needed for the production of fertilizers, notably phosphate fertilizers which are critical for agricultural output. With the growing worldwide population and the resulting requirement for higher food production, the demand for fertilizers has increased, hence increasing the demand for sulfuric acid by enabling the market to surpass a revenue of USD 12.96 Billion valued in 2024 and reach a valuation of around USD 17.12 Billion by 2031.

Rapid industrialization and urbanization in these regions have resulted in increased activity in industries such as construction, automotive, and energy all of which require large volumes of sulfuric acid for varied uses by enabling the market to grow at aCAGR of 3.90% from 2024 to 2031.

Sulfuric Acid Market: Definition/ Overview

Sulfuric acid (H2SO4) is a caustic and dense chemical substance used in industrial processes. It is a colorless to slightly yellow viscous liquid that is dubbed the "king of chemicals" due to its widespread use and importance in a variety of industries. Sulfuric acid is generally produced through the contact process, where sulfur dioxide (SO2) is oxidized into sulfur trioxide (SO3) and absorbed in water to generate the acid.

It is one of the most commonly used industrial compounds with applications across several industries. One of its principal applications is the production of fertilizers, specifically phosphate fertilizers. In this process, sulfuric acid combines with phosphate rock to produce phosphoric acid which is a key component in fertilizers such as monoammonium phosphate (MAP) and diammonium phosphate.

Sulfuric acid is one of the most commonly used industrial compounds with applications across several industries. One of its principal applications is the production of fertilizers, specifically phosphate fertilizers. In this process, sulfuric acid combines with phosphate rock to produce phosphoric acid which is a key component in fertilizers such as monoammonium phosphate (MAP) and diammonium phosphate.

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Will Increasing Demand for Fertilizers Utilized in the Agriculture Sector Drive the Sulfuric Acid Market?

The global sulfuric acid market is expanding rapidly with agriculture emerging as a key driver due to the increased need for fertilizers. This trend is especially noticeable in developing countries with expanding agricultural activity and rising populations. According to the Food and Agriculture Organization (FAO), global fertilizer usage is expected to reach 201 million tons by 2022, indicating a 1.3% annual increase from 2015. Sulfuric acid is an important component in the manufacturing of phosphate fertilizers, accounting for over 60% of total sulfuric acid consumption worldwide.

In China, the world's top fertilizer consumer, the Ministry of Agriculture and Rural Affairs reported a 2% year-on-year growth in fertilizer consumption in 2021, totaling 54.9 million tons. India, another significant agricultural market, increased its fertilizer usage by 3.2% in the fiscal year 2020-21, reaching 63.7 million tons, according to the Department of Fertilizers. The United States Department of Agriculture (USDA) predicts that global agricultural production will need to expand by 70% by 2050 to fulfill the world's growing food demand, increasing the demand for fertilizers and, as a result, sulfuric acid.

Will the Lack of Skill Hamper the Sulfuric Acid Market?

The sulfuric acid market relies heavily on specialized personnel, especially in the production, handling, and application operations. Sulfuric acid, a crucial industrial chemical utilized in a variety of industries including fertilizers, chemical manufacture, petroleum refining, and metal processing must be handled with caution due to its strong corrosiveness. A lack of experienced people who understand the complexity of sulfuric acid manufacturing and safe handling might pose substantial hurdles to the market.

A deficiency of competent experts may impasse innovation and technological progress in the sulfuric acid sector. As firms seek more sustainable and efficient manufacturing methods to reduce environmental effects, the demand for technically skilled individuals grows even more. A lack of competence can limit the adoption of cutting-edge technology and practices aimed at lowering emissions and increasing the efficiency of sulfuric acid production. This could limit the market's growth potential, especially in areas where demand for sulfuric acid is quickly expanding such as emerging economies.

Category-Wise Acumens

What Factors Contribute to the Significance of Elemental Sulfur as a Key Raw Material?

According to VMR analysis, the elemental sulfur sector is expected to have the greatest market share in the raw material segment over the projection period. Elemental sulfur is widely available and one of the most plentiful elements on Earth. Because of its abundance, it is a readily available and economical raw material for the production of sulfuric acid. The biggest sulfur producers are the United States, Canada, Russia, and China ensuring a steady supply for global markets.

Elemental sulfur may be efficiently turned into sulfuric acid resulting in a highly purified product.

The effectiveness of turning elemental sulfur into sulfuric acid helps to minimize production costs.

Furthermore, with increasing environmental concerns and stricter limits on industrial emissions, elemental sulfur provides an advantage. The conversion of elemental sulfur into sulfuric acid emits fewer pollutants than metal smelters or the combustion of pyrite ore. This makes elemental sulfur a more environmentally friendly option for businesses looking to reduce their environmental effect while maintaining standards.

How Do Fertilizer Applications Drive the Growth of the Sulfuric Acid Market?

The fertilizer segment is expected to dominate the sulfuric acid market over the forecast period. The world's population is continually expanding creating a bigger demand for food production. This increase necessitates more agricultural output which instantly raises the demand for fertilizers to boost crop yields. Sulfuric acid is required for the manufacturing of phosphoric acid, a crucial component of phosphate fertilizers, hence the demand for sulfuric acid is consistent with agricultural needs.

As the global emphasis on agricultural output quantity and quality develops, farmers are becoming more reliant on effective fertilizers to improve soil nutrition and crop health. Sulfuric acid-based fertilizers help to provide crucial nutrients like phosphorus which is essential for plant energy transfer and photosynthesis, hence improving production. Furthermore, in many countries, governments provide subsidies for agricultural inputs like fertilizers to encourage more efficient and sustainable farming practices.

Country/Region-wise Acumens

In What Ways Does Rapid Agricultural Development Propel the Market in the Asia Pacific Region?

The Asia Pacific region dominates the worldwide sulfuric acid market owing to its rapid agricultural development and rising industrial sectors. China and India are the primary drivers of this domination accounting for a sizable percentage of the region's sulfuric acid usage.

Rapid agricultural expansion in the Asia Pacific region is a major driver of the sulfuric acid market. The Food and Agriculture Organization (FAO) reports that agricultural production in the Asia-Pacific region has expanded by 80% over the last two decades.

Furthermore, the Asian Development Bank (ADB) projects that agricultural productivity in the Asia Pacific region will need to increase by 70% by 2050 to meet rising food demand, implying a further increase in sulfuric acid usage for fertilizer manufacturing. Furthermore, the rising industrial sector in the Asia Pacific region drives up demand for sulfuric acid. According to the United Nations Industrial Development Organization (UNIDO), industrial production in the region has increased at an average annual rate of 6.5% over the last decade.

What are the Key Factors Fueling the Demand for Sulfuric Acid in North America Region?

The sulfuric acid market in North America is experiencing rapid growth with the United States leading the region due to its robust industrial sector and increasing demand from various end-use industries. The market is projected to expand at a CAGR of 3.5% from 2021 to 2026, according to the U.S. Geological Survey (USGS). One of the key factors fueling the demand for sulfuric acid in North America is the growing fertilizer industry. The U.S. Department of Agriculture reports that fertilizer consumption in the United States reached 20.8 million nutrient tons in 2022, a 3.2% increase from the previous year.

Furthermore, the rise of the petrochemical industry is driving up demand for sulfuric acid. According to the American Chemistry Council, chemical output volume in the United States climbed by 1.4% in 2022 and is expected to grow by 2.1% in 2023. The United States Environmental Protection Agency estimates that public water systems treat nearly 34 billion gallons of water every day, underlining the continual need for water treatment chemicals such as sulfuric acid.

Competitive Landscape

The Sulfuric Acid Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the sulfuric acid market include:

The Mosaic Company

AkzoNobel N.V.

BASF SE

PVS Chemical Solution

Solvay

Agrium, Inc.

INEOS

Latest Developments

In August 2022, PVS Chemicals, Inc. and Energy Systems Group, LLC formed a partnership. This cooperation planned to boost the sustainability of its Chicago sulfuric acid business by collecting waste steam and generating 2.6 MW of renewable energy using a steam turbine generator.

In May 2024, Boliden AB, a major European mining and metals company, announced plans to expand sulfuric acid production capacity at its Odda zinc smelter in Norway. This facility aims to meet the growing demand for sulfuric acid in the region's fertilizer and industrial sectors.

1 INTRODUCTION OF GLOBAL SULFURIC ACID MARKET

1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES

4 GLOBAL SULFURIC ACID MARKET OUTLOOK

4.1 OVERVIEW
4.2 MARKET DYNAMICS
- 4.2.1 DRIVERS
- 4.2.2 RESTRAINTS
- 4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS

5 GLOBAL SULFURIC ACID MARKET, BY RAW MATERIAL

5.1 OVERVIEW
5.2 ELEMENTAL SULPHUR
5.3 BASE METAL SMELTERS
5.4 PYRITE ORE

6 GLOBAL SULFURIC ACID MARKET, BY APPLICATION

6.1 OVERVIEW
6.2 FERTILIZERS
6.3 CHEMICAL MANUFACTURING
6.4 METAL PROCESSING
6.5 PETROLEUM REFINING
6.6 TEXTILE INDUSTRY
6.7 AUTOMOTIVE
6.8 PULP & PAPER

7 GLOBAL SULFURIC ACID MARKET, BY GEOGRAPHY

7.1 OVERVIEW
7.2 NORTH AMERICA
- 7.2.1 U.S.
- 7.2.2 CANADA
- 7.2.3 MEXICO
7.3 EUROPE
- 7.3.1 GERMANY
- 7.3.2 U.K.
- 7.3.3 FRANCE
- 7.3.4 REST OF EUROPE
7.4 ASIA PACIFIC
- 7.4.1 CHINA
- 7.4.2 JAPAN
- 7.4.3 INDIA
- 7.4.4 REST OF ASIA PACIFIC
7.5 REST OF THE WORLD
- 7.5.1 LATIN AMERICA
- 7.5.2 MIDDLE EAST AND AFRICA

8 GLOBAL SULFURIC ACID MARKET COMPETITIVE LANDSCAPE

8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES

9 COMPANY PROFILES

9.1 AGRIUM
- 9.1.1 OVERVIEW
- 9.1.2 FINANCIAL PERFORMANCE
- 9.1.3 PRODUCT OUTLOOK
- 9.1.4 KEY DEVELOPMENTS
9.2 AKZO NOBEL
- 9.2.1 OVERVIEW
- 9.2.2 FINANCIAL PERFORMANCE
- 9.2.3 PRODUCT OUTLOOK
- 9.2.4 KEY DEVELOPMENTS
9.3 BAYER
- 9.3.1 OVERVIEW
- 9.3.2 FINANCIAL PERFORMANCE
- 9.3.3 PRODUCT OUTLOOK
- 9.3.4 KEY DEVELOPMENTS
9.4 BP, CHEVRON
- 9.4.1 OVERVIEW
- 9.4.2 FINANCIAL PERFORMANCE
- 9.4.3 PRODUCT OUTLOOK
- 9.4.4 KEY DEVELOPMENTS
9.5 CYTEC INDUSTRIES
- 9.5.1 OVERVIEW
- 9.5.2 FINANCIAL PERFORMANCE
- 9.5.3 PRODUCT OUTLOOK
- 9.5.4 KEY DEVELOPMENTS
9.6 DUPONT
- 9.6.1 OVERVIEW
- 9.6.2 FINANCIAL PERFORMANCE
- 9.6.3 PRODUCT OUTLOOK
- 9.6.4 KEY DEVELOPMENT
9.7 EVONIK INDUSTRIES
- 9.7.1 OVERVIEW
- 9.7.2 FINANCIAL PERFORMANCE
- 9.7.3 PRODUCT OUTLOOK
- 9.7.4 KEY DEVELOPMENTS
9.8 HONEYWELL
- 9.8.1 OVERVIEW
- 9.8.2 FINANCIAL PERFORMANCE
- 9.8.3 PRODUCT OUTLOOK
- 9.8.4 KEY DEVELOPMENTS
9.9 SOLVAY
- 9.9.1 OVERVIEW
- 9.9.2 FINANCIAL PERFORMANCE
- 9.9.3 PRODUCT OUTLOOK
- 9.9.4 KEY DEVELOPMENT