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