Global Sulphur and Sulfuric Acid Market Size Likely to Grow at a CAGR of 3.7% By 2033

According to current market research conducted by the CMI Team, the global Sulphur and Sulfuric Acid Market is expected to record a CAGR of 3.7% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 14,682.1 Million. By 2033, the valuation is anticipated to reach USD 20,360.8 Million.

Sulphur and Sulfuric Acid Market: Growth Factors and Dynamics

• Rising Agricultural Demand: These include enhancing agricultural productivity, which in turn requires elemental sulphur in the fertilizer, and improving soil quality. Due to the increased awareness of sustainable farming practices in the global market, there is always a demand for quality soil and nutrients, which will drive the demand in the market.

• Industrial Expansion: Sulfuric acid is used in chemical manufacturing, metallurgy, and water treatment industries, which have expanded, thus increasing the demand for sulfuric acid. As these sectors develop and diversify, the demand for sulfuric acid for applications such as refining metals and synthesis increases, improving the market’s outlook.

• Increasing Energy Needs: This is why the potation of sulfur is central to refining petroleum, addressing the need for effective processes. With increasing energy consumption across the world, the applications of sulfuric acid for upgrading crude oil and eradicating sulfur content emissions in fuels are enabling further market development.

• Environmental Regulations: Stringent laws intended to decrease sulfur emissions from industries and modes of transportation increase the demand for sulfuric acid in emissions control technologies. Obeying environmental standards promotes cleaner production processes and technologies, which in turn enhances markets.

• Technological Advancements: Improvements in manufacturing technology, better recycling techniques, and facilities for sulfuric acid production improve market supply and, consequently, costs. There are also positive externalities; the use of advanced technologies results in an increase in product quality and availability, thus enhancing market competition.

• Emerging Markets: The growth of industrial infrastructure and the pace of industrialization in emerging markets are the main drivers for the demand for sulfuric acid. Since these regions continue to develop their industry and agriculture sectors, the application of sulfuric acid increases in various uses, resulting in new markets and increased global demand.

• Demand for Sustainable Solutions: During an industrial process, the consumer and industry care about the environment, which has led to the development of environmentally sustainable solutions. The requirement of sulfuric acid in green technologies, including new recycling techniques and other green chemical practices, boosts the market demand.

Sulphur and Sulfuric Acid Market: Partnership and Acquisitions

• In 2022, Sumitomo Corporation announced it had acquired Saconix to enhance its sulfuric acid business in North America. This strategic move will bolster Sumitomo’s market presence and capacity, aiming to meet the growing demand for sulfuric acid in the region.

• In 2022, BroadPeak Global LP, Asia Green Fund, and The Saudi Arabian Industrial Investments Company (Dussur) completed the acquisition of DuPont’s Clean Technologies business. The new entity, Elessent Clean Technologies, Inc., will operate independently.

Report Scope

Sulphur and Sulfuric Acid Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Sulphur and Sulfuric Acid Market, with the industry experiencing positive and negative effects. Here are some of the key impacts:

• Supply Chain Disruptions: The COVID-19 pandemic caused significant disruptions in global supply chains, affecting the production and distribution of sulphur and sulfuric acid. Lockdowns, transportation restrictions, and workforce reductions led to delays and shortages, impacting market stability.

• Reduced Industrial Activity: The pandemic led to a slowdown in industrial activities, including chemical manufacturing, mining, and petroleum refining. This decrease in industrial output reduced the demand for sulfuric acid and sulphur, impacting overall market performance.

• Resumed Industrial Production: As restrictions eased and industrial activities resumed, the demand for sulphur and sulfuric acid increased. The revival of key sectors such as agriculture, chemicals, and energy contributed to market recovery.

• Supply Chain Adjustments: Companies adapted their supply chains by diversifying suppliers and enhancing logistical flexibility. Improved supply chain strategies helped stabilize the market and ensure the steady availability of sulphur and sulfuric acid.

• Technological Innovations: The pandemic accelerated the adoption of digital technologies and automation in production processes. Investments in technology improved efficiency, reduced costs, and supported a faster recovery in the sulphur and sulfuric acid market.

• Government Stimulus and Support: Government economic stimulus packages and support measures helped stabilize industries affected by the pandemic. Financial assistance and policy support facilitated the recovery of key sectors reliant on sulphur and sulfuric acid.

• Increased Focus on Sustainability: The pandemic highlighted the importance of sustainable practices. A growing emphasis on eco-friendly technologies and processes drove demand for sulfuric acid in green chemistry and advanced recycling applications, aiding market recovery.

• Enhanced Health and Safety Measures: Implementing stringent health and safety protocols in manufacturing facilities and transportation helped mitigate the risk of further disruptions. Enhanced safety measures ensured continuous production and distribution, supporting market stability and recovery.

• Shifts in Market Demand: The pandemic altered consumption patterns, with increased demand for certain applications, such as water treatment and pharmaceuticals. Adapting to these new demands allowed suppliers to focus on high-growth areas, facilitating a quicker recovery and market adaptation.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Sulphur and Sulfuric Acid Market, with some challenges and opportunities arising from it.

List of the prominent players in the Sulphur and Sulfuric Acid Market:

• BASF SE
• The Mosaic Company
• SABIC (Saudi Basic Industries Corporation)
• Nutrien Ltd.
• Air Products and Chemicals Inc.
• Solvay S.A.
• Oxbow Carbon LLC
• Koch Industries Inc.
• Hindustan Zinc Limited
• Cheminova A/S
• GSFC (Gujarat State Fertilizers & Chemicals)
• EuroChem Group AG
• ICL Group Ltd.
• Clariant AG
• Yara International ASA
• Others

The Sulphur and Sulfuric Acid Market is segmented as follows:

By Raw Material

• Elemental Sulphur
• Sulphur Dioxide
• Sulphuric Acid
• Base Metal Smelters
• Pyrite Ore
• Others

By Application

• Fertilizers
• Chemical Manufacturing
• Pharmaceuticals
• Metal Processing
• Petroleum Refining
• Textile Industry
• Automotive
• Pulp & Paper
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America