The global anhydrous sulphuric acid market size was US$ 11.5 billion in 2021. The global anhydrous sulphuric acid market is forecast to grow to US$ 14.7 billion by 2030 by growing at a compound annual growth rate (CAGR) of 2.87% during the forecast period from 2022 to 2030.

Factors Influencing the Market

The rising demand for phosphate fertilizers from the agricultural industry for high crop yielding is forecast to fuel the growth of the overall anhydrous sulphuric acid market. In addition, the decreasing number of fertile lands will benefit the global anhydrous sulphuric acid market during the study period.

Rising urbanization and skyrocketing demand for phosphate fertilizers will contribute to the growth of the anhydrous sulphuric acid market in the coming years.

The wide applications of anhydrous sulphuric acid in the automobile industry will surge the growth of the market. Anhydrous sulphuric acid is used in the manufacturing of batteries. Thus, it will benefit the market.

Stringent government regulations related to the use of anhydrous sulphuric acid may limit the growth of the market.

The rising number of investments for the manufacturing of hydrochloric acid, nitric acid, and phosphoric acid will escalate the demand for anhydrous sulphuric acid as it is one of the raw materials. Further, the rising demand for detergents will contribute to the growth of the anhydrous sulphuric acid market.

COVID-19 Impact Analysis

The demand for anhydrous sulphuric acid decreased significantly due to the COVID-19. Stringent government regulations directly impacted the end-user industries of anhydrous sulphuric acid, such as automotive and agriculture. In addition, the economic slowdown declined the demand for the anhydrous sulphuric acid market. Furthermore, strong disruptions in the supply chain due to import-export restrictions have been a significant challenge in the growth of the global anhydrous sulphuric acid market.

Regional Analysis

Asia-Pacific is forecast to hold the largest share in the anhydrous sulphuric acid market, followed by North America. The Asia-Pacific anhydrous sulphuric acid market is forecast to grow rapidly due to the growing sulfur production in China and Japan. In addition, the rising demand for anhydrous sulphuric acid from the Philippines and Indonesia will contribute to the growth of the market. The end-user industries like agriculture and the automotive are growing rapidly in this region. As a result of this, the Asia-Pacific anhydrous sulphuric acid market will grow inevitably.

Competitors in the Market

PVS Chemical Solution (US)
AkzoNobel N.V. (Netherlands)
BASF SE (Germany)
DowDupont (US)
Agrium Inc. (Canada)
Aurubis (Germany)
The Mosaic Company (US)
Other Prominent Players
Market Segmentation

The global anhydrous sulphuric acid market segmentation focuses on Raw Material, Application, Manufacturing Process, and Region.

Based on the raw material type, the anhydrous sulphuric acid market has been segmented into

Pyrite Ore
Elemental Sulfur
Base Metal Smelters
Others
Based on the application, the anhydrous sulphuric acid market has been segmented into

Fertilizers
Pulp & Paper
Textiles
Chemical Manufacturing
Metal Processing
Automotive Battery Acid
Petroleum Refining and Others
Based on the manufacturing process, the anhydrous sulphuric acid market has been segmented into

Single Contact Process
Wet Contact Process
Lead Chamber Process
Others
Based on the region, the anhydrous sulphuric acid market has been segmented into

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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