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The sulfuric acid market in US size is forecast to increase by USD 3.76 billion in 2027. The US sulfuric acid market is forecasted to grow at a CAGR of 6% between 2023 and 2027.
Analysis Period | 2017-2027 |
Market Size (2017) Historic Year | USD 2.43 billion |
Market Size (2027) - Forecasted Year | USD 3.76 billion |
Historic Opportunity (2017-2021) | USD 0.15 billion |
Historic CAGR | 1.50 % |
Forecasted Opportunity (2023-2027) | USD 1.04 billion |
Market Opportunity Transformation Growth | 54.88 % |
Market Opportunity Capitalization | USD 1.19 billion |
The growth rate of the market depends on several factors, including (Mention Driver Pointers). It also includes an in-depth analysis of drivers, trends, and challenges.Our report examines historic data from 2017 - 2021, besides analyzing the current market scenario.
This sulfuric acid market in US report extensively covers market segmentation by Application (fertilizer, chemical production, metal processing, and others) and geography US.
The US sulfuric acid market is experiencing steady growth due to its extensive use in various industries such as fertilizers, metal processing, and chemical manufacturing. Sulfuric acid is a highly corrosive and dense liquid that is produced through the combustion of sulfur dioxide gas. The demand for sulfuric acid in the US is primarily driven by the agricultural sector, which utilizes it for the production of phosphoric acid-based fertilizers. The US is one of the largest consumers and producers of sulfuric acid globally, with several major manufacturers operating in the country. The transportation and storage of sulfuric acid require specialized equipment and safety precautions due to its hazardous nature.Ultra-pure sulfuric acid refers to a high-grade variant of sulfuric acid that undergoes additional purification processes to achieve an exceptionally high level of purity
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Our researchers analyzed the market research and growth data with 2022 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for sulfuric acid from diversified applications is the key factor driving the growth of the US sulfuric acid market. Sulfuric acid is used in extraction processes in the petroleum refining, steel, and non-ferrous metals industries and is also used in the production of explosives, plastics, viscose, and detergents for special applications in the chemical industry. Additionally, sulfuric acid is used in the pulp and paper industry to produce chlorine dioxide, decompose tall oil, and pH adjustments. Sulfuric acid acts as both an oxidizing agent and a dehydrating agent.
In addition, sulfuric acid is a major b-product obtained from petroleum and chemical refineries, which is utilized/used in various end-use applications. The regenerated acids discharge low carbon emissions, leading to reduced production costs, which makes them sustainable and environmentally friendly. Thus, diverse applications of sulfuric acid are expected to accelerate the growth of the market during the forecast period.
Recovery of sulfuric acid at smelters is the primary trend in the US sulfuric acid market growth. Sulfuric acid can be made from smelter by-products. Sulfuric acid plants are installed in copper production plants to limit SO2 emissions in new and existing smelters. By installing an efficient sulfuric acid plant, we are reducing the combustion of sulfur and contributing to the recycling of smelting residue. This process is widely used in the metals and oil and gas industries to dispose of unwanted by-products.
Moreover, extensive mineral exploration is depleting the ore quality in most of the reserves, leading to exhaustive mining activities to extract the mineral, which in turn translates into high SO2 formation. The increasing demand for environmentally mandated smelter capacity to produce sulfuric acid is also likely to propel the market growth during the forecast period.
The sulfuric acid industry, a pivotal player in various manufacturing industries, witnessed significant shifts in sulfuric acid demand and output in recent years. Companies like Nouryon have embarked on strategic measures for sustainability and innovations, aiming to control waste and align with the evolving value chain analysis. Challenges persist in multiple regions, with countries like Saudi Arabia, Indonesia, and Mexico facing both opportunities and constraints in market expansion due to pricing, competition, and economic factors.
The sulphuric acid market demonstrates fluctuations in earnings and profitability, influenced by commodities trends and the economy. Market demand experiences variations due to factors such as restrictions on import and export, impacting the sulfuric acid industry's demand globally, especially in the United States. The American market faces competition from Chinese producers, affecting sulfuric acid prices and industry decisions.
Sulfuric acid acts as a key ingredient in producing nitric acid, ammonium sulfate, and various sulfate salts vital for the agricultural sector and crop yield enhancement. In significance spans sectors like agriculture and manufacturing, where it aids in the production of potassium nitrate and assists farmers in the uptake of nitrogen by plants, contributing to enhanced crops growth and fertilizer sector. Its efficiency in various industrial processes, including the production of superphosphate fertilizers, underscores its importance in agriculture. It finds extensive usage in pickling, dyemaking, and as a key element in the manufacture of polymers across Western and Eastern Europe, Russia, Asia Pacific, and the Middle East.
The production and usage of sulfuric acid play critical roles across multiple sectors worldwide. Its significance spans various applications, including the fertilizers segment, wastewater treatment, phosphate fertilizers manufacturing, and chemical processes in the agriculture and textile industries. The urbanization drive and agricultural development in countries like India, China, and Africa contribute significantly to its production capacity and demand.
Acid rain and its implications on soil and environmental health prompt stringent regulations in regions like Canada, Japan, and Germany. Its applications extend to the automotive industry for battery production, further accentuating its importance. Collaborative efforts between suppliers like OCP Group and Kanto Group via joint ventures emphasize the importance of sustaining a diverse production range to meet industry and consumer needs.
Fluctuations in raw material prices are a major challenge to the growth of the US sulfuric acid market. Over the last three to four years, the market has seen volatility in the cost of sulfuric acid and its raw materials, as well as the sulfur prices due to the closure of several refineries. The fluctuation in sulphuric acid prices can influence the choices made by various customers across industries, influencing their procurement decisions. Ensuring a stable and competitive sulphuric acid price is crucial for industries reliant on this chemical compound, especially those requiring specific grades like semiconductor grade due to their stringent purity requirements.
For instance, in October 2021, DuPont Clean Technologies (DuPont de Nemours Inc.) announced an additional increase in the price of USD 1.80/liter for its cesium MECS sulfuric acid catalyst products and USD 0.30/liter for all other MECS sulfuric acid catalyst products. Altogether, these fluctuations in the prices of sulfur and sulfuric acid will hamper the growth of the market during the forecast period owing to the high demand and supply imbalance or oversupply of these raw materials.
The semiconductor industry, the demand for semiconductor-grade sulfuric acid remains significant. This specialized grade of sulfuric acid ensures stringent purity levels necessary for the semiconductor manufacturing process. However, the sulphuric acid prices fluctuate, impacting the overall production costs and, consequently, affecting the pricing dynamics of specialized grades like semiconductor grade sulfuric acid.
The market share growth by the elemental sulfur segment will be significant during the forecast period. In sulfur recovery units, hydrogen sulfide is primarily processed thermally to produce elemental sulfur. It serves as a crucial building block in the synthesis of chemicals such as sulfuric acid, carbon disulfide, and the organo-sulfur compounds used in the pharmaceutical and agrochemical industries. Sulfuric acid, which is used in chemical industries across the world, is produced using a sizable amount of elemental sulfur. The production of sulfuric acid in a sulfuric acid plant involves the combustion of elemental sulfur with air to produce sulfur dioxide, which is then oxidized to produce sulfur trioxide in the presence of a vanadium oxide catalyst. It is followed by SO3 being absorbed by watet to produce sulfuric acid.
Emissions from using elemental sulfur are lower than those from pyrite ore or base metal smelters, elemental sulfur accounted for the largest revenue share in the sulfuric acid market in the US in 2022. Less pollution is produced when elemental sulfur is used to produce sulfuric acid as compared to the melting of base metals and roasting of pyrite ore, which necessitates the use of strict procedures by businesses and factories to clean the sulfur oxide gas produced before releasing it into the atmosphere. Such factors will increase segment growth during the forecast period.
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North America is estimated to contribute 100% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.
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In regions like Western Europe, France, Italy, and Spain, where there's a notable reliance on sulfuric acid in various industrial practices, the importance of safety measures and stringent regulations becomes imperative. Around 75% of sulfuric acid produced in the US is used in the manufacturing of fertilizers.The industrial sector accounts for approximately 45% of the total consumption of sulfuric acid in the US. The Western region of the US dominates the sulfuric acid market, contributing to over 35% of the total market share. The need for comprehensive safety guidelines and protective gear is paramount to safeguard against potential human health risks associated with handling sulfuric acid. The Mosaic Company and other sulfuric acid producers in Australia, the USA market, and globally are consistently working on better practices to mitigate risks and ensure the safe handling and transportation of sulfuric acid.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Key manufacturing processes like the contact process remain fundamental in sulfuric acid production, catering to diverse sectors such as the semiconductor industry where the need for electronic grade sulfuric remains crucial. Market expansion efforts in Latin America and the USA emphasize strategic decisions to address market demand while navigating restrictions and competition. The sulfuric acid price remains a critical determinant in the industry's growth and profitability among players.
Cornerstone Chemical Co.: The company offers sulfuric acid for application in car batteries. Also, the company produces acrylonitrile, which is used for manufacturing hard plastics, synthetic fibers, synthetic rubbers, and as a fuel component for the space shuttle.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
BASF SE, Cornerstone Chemical Co., Dulany Industries Inc., DuPont de Nemours Inc., Ecovyst Inc., Entegris Inc., Glencore Plc, Hibrett Puratex, Honeywell International Inc., Itafos Inc., Noah Chemicals, Nyrstar, Oxbow Corp., ProChem Inc., PVS Chemicals Inc., TCP Analytical, The Chemical Co., The Mosaic Co., Tronox Holdings Plc, and WeylChem International GmbH
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2021.
Sulfuric Acid Market in US Scope |
|
Report Coverage |
Details |
Page number |
133 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.68% |
Market growth 2023-2027 |
USD 1.04 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.0 |
Regional analysis |
US |
Performing market contribution |
North America at 100% |
Key countries |
US and North America |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
BASF SE, Cornerstone Chemical Co., Dulany Industries Inc., DuPont de Nemours Inc., Ecovyst Inc., Entegris Inc., Glencore Plc, Hibrett Puratex, Honeywell International Inc., Itafos Inc., Noah Chemicals, Nyrstar, Oxbow Corp., ProChem Inc., PVS Chemicals Inc., TCP Analytical, The Chemical Co., The Mosaic Co., Tronox Holdings Plc, and WeylChem International GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Raw Material
7 Market Segmentation by Application
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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