Because of the expanding population, shrinking agricultural area, and increased demand for nutrient-rich food crops, the agriculture industry must produce more with less waste. To maximise productivity, the agriculture industry has requested the best fertilisers, which is driving the sulfuric acid market expansion. Sulphuric acid is used as a dehydrating agent, catalyst, and reactant in a variety of sectors, including fertilisers, paper and pulp, petroleum efficiency, chemical production, automotive, and metal processing. This boosts demand for the product, resulting in market expansion. The growing need for sulphuric acid in the manufacturing of phosphate fertilisers is driving market expansion. The excess supply of materials depresses sulfuric acid sales, limiting market growth. Chemical industries are subject to rigorous regulations due to their considerable environmental impact and pollution. Because sulfuric acid is a dangerous material, it is closely regulated.
According to Coherent Market Insights, Global Sulphuric Acid Market was valued at US$ 23.45 Bn in 2021 in terms of revenue, exhibiting a CAGR of 4.67 % during the forecast period (2022 to 2030).
Prominent Players in the Sulphuric Acid Industry:
1. Amal Ltd
Amal is a chemical manufacturing company. They produce and market various bulk chemicals, such as sulphur dioxide and sulphur trioxide. Their chemical products are used in the dyestuff, textile, and electroplating industries. They use chemical products as disinfectants and solvents in breweries and food factories. The company is headquartered in Gujarat, India. Founded in 1974.
2. PVS Chemicals, Inc.
PVS Chemicals, Inc., founded in Detroit in 1945, has more than 1,400 employees worldwide and has 17 manufacturing plants and several distribution facilities across the U.S., Europe, Canada and Asia. PVS provides sustainable solutions around the world to diverse industries that include electronics, manufacturing, steel, agricultural, fine chemicals, and metal finishing, water treatment and food processing. On Aug. 02, 2022 PVS Chemicals, Inc. (PVS) partnered with Energy Systems Group, LLC (ESG), a leading sustainable energy solutions provider and wholly owned subsidiary of CenterPoint Energy, Inc., to significantly improve sustainability at its sulfuric acid plant, located in Chicago, Illinois, by capturing waste steam to generate 2.6 MW of renewable electricity through a steam turbine generator in the new onsite Waste Heat to Power (WHP) Plant.
3. BASF SE
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
4. Akzo Nobel N.V
Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings. Akzo Nobel N.V. was founded in 1646 and is headquartered in Amsterdam, the Netherlands.on Dece,ber 2022, AkzoNobel has completed the acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio. The acquired business will complement AkzoNobel’s existing powder coatings offering and expand the range of innovative products the company supplies.
5. DuPont de Nemours, Inc.
DuPont de Nemours, Inc. provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. DuPont de Nemours, Inc. is headquartered in Wilmington, Delaware.on September 01, 2017 - DowDuPont™ announced the successful completion of the merger of equals between The Dow Chemical Company (“Dow”) and E.I. du Pont de Nemours & Company (“DuPont”), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions – Agriculture, Materials Science and Specialty Products.
6. Boliden Group
Boliden AB (publ) engages in the exploring, extracting, and processing of base metals and precious metals in Sweden, other Nordic region, Germany, the United Kingdom, the rest of Europe, North America, and internationally. The company operates through two segments, Business Area Mines and Business Area Smelters. Boliden AB (publ) was founded in 1924 and is headquartered in Stockholm, Sweden. In July 2021, Boliden group laid out the expansion plan of its Odda zinc smelter in western Norway for an investment of US$ 700 million. The Odda facility, intended to boast 350,000 tons/year capacity, following the planned capacity build-up by 75%, would include a new roaster, a new sulfuric acid plant, and a new cell house.
7. Ineos Enterprises
INEOS Baleycourt produces high-quality products for the polymer additives, lubricant, renewable energy and food markets. On Aug 1, 2018 Valtris Specialty Chemicals acquired INEOS Baleycourt for an undisclosed amount. The company is headquartered in Lorraine, France. Founded in 1998. In May 2022, WeylChem International GmbH completed the acquisition and integration of INEOS Sulfur Chemicals Spain SLU, the leading Spanish sulfur chemicals arm of INEOS enterprises. The acquired business comprises a state-of-the-art facility of 350,000 ton annual capacity for producing sulfuric acid in Bilbao. The newly integrated sulfur business now operates under “WeylChem Bilbao.”
8. Trident Limited
Trident Limited engages in manufacturing, trading, and sale of textiles, papers, and chemicals in the United States, India, and internationally. Trident Limited was incorporated in 1990 and is headquartered in Ludhiana, India.
9. Aurubis AG
Aurubis AG processes metal concentrates and recycling materials in Germany. The company processes scrap metals, organic and inorganic metalbearing recycling raw materials, and industrial residues. Aurubis AG was founded in 1866 and is headquartered in Hamburg, Germany.
*Definition- Sulfuric acid has the chemical formula 'H2SO4'. It is classified as a strong mineral acid having corrosive properties. Hydrochloric acid, nitric acid, sulphate salts, synthetic detergents, dyes, pigments, explosives, and pharmaceuticals are all made from sulfuric acid.
