Market Size of Sulfuric Acid Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 321.05 Million tons |
| Market Volume (2029) | 387.24 Million tons |
| CAGR (2024 - 2029) | 3.82 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sulfuric Acid Market Analysis
The Sulfuric Acid Market size is estimated at 321.05 Million tons in 2024, and is expected to reach 387.24 Million tons by 2029, growing at a CAGR of 3.82% during the forecast period (2024-2029).
The COVID-19 pandemic moderately affected the sulfuric acid market in 2020. The imposition of lockdowns across various countries and disruptions in supply affected the chemical sector. However, since sulfuric acid is among the primary chemicals used in the chemical sector, high demand is anticipated in the forecast period.
In the short term, the market study is being driven by the high demand for sulfuric acid in phosphate-based fertilizers and the growing demand from the chemical and pharmaceutical industries worldwide.
Conversely, changes in the prices of raw materials are likely to slow the growth of the sulfuric acid market in the coming years.
The growing use of oleum in medical and other industries can be seen as a major opportunity for the market.
The Asia-Pacific region dominated the sulfuric acid market globally, with the highest consumption coming from countries such as China, India, and Japan.
