Sulphuric Acid, also called 'oil of vitriol,' having molecular formula H2SO4, is a powerful corrosive mineral acid, and it is pungent-ethereal, colorless to slightly yellow viscous liquid soluble in water at all concentrations. According to BlueQuark Research & Consulting, the Global Sulphuric acid market is expected to witness a considerable growth rate during the forecasted period. Factors like increasing demand for the product from fertilizers, paper & pulp, petroleum refinery, metal processing, chemical manufacturing, and automotive industries for use as a catalyst, dehydrating agent, and a reactant are expected to boost the industry over the forecasted period. Further, the increasing requirement for continuous & sustainable H2SO4 products to manufacture phosphate fertilizer, detergents & soaps, dyes, inorganic chemicals, and gasoline is expected to trigger industry growth over the forecast period. Furthermore, a wide variety of applications of Sulphuric Acid in the chemical industry is driving the global sulphuric acid market. Additionally, with the increasing population, demand for better infrastructure, food crops, and base metals is expected to increase. This is expected to increase the global market for Sulphuric Acid. However, strict government regulations on the usage of Sulfuric Acid, owing to the hazardous effects of the acidic solid mixture, are expected to obstruct the growth of the Global Sulfuric Acid Market. For mention, the American Conference of Governmental Industrial Hygienists has categorized Acid as a carcinogen. These strict regulations are expected to hinder the market's growth over the forecast period.

Sulfuric Acid is used to manufacture commercially essential chemicals such as Nitric Acid, sulfate salts, synthetic detergents, dyes, pigments, explosives, Hydrochloric Acid, and drugs. Aside, Sulfuric Acid is used in the production of fertilizers such as ammonium phosphate and ammonium sulfate. They're also worn in mining, wood pulp, metal, and plating, as well as sewage treatment and leather processing.

Major factors driving the market study are increasing application in fertilizers manufacturing and growing demand from chemical & pharmaceutical industries. Large quantities of Sulfuric Acid are used to make Phosphoric Acid, which, in turn, is required to phosphate-based fertilizers such as monoammonium phosphate (MAP) and diammonium phosphate (DAP), which uses use Sulfuric Acid as the primary first step in the production process. Further, in the pharmaceutical industry, Sulfuric Acid is widely used as a solvent for the chemical synthesis of various active pharmaceutical ingredients. One of the major types of pharmaceutical ingredients manufactured using Sulfuric Acid is the alkylating agents, which are most broadly used for treating cancer in chemotherapy. Sulfuric Acid is also used as a catalyst in various chemical reactions carried out industrially, such as the production of caprolactam from cyclohexanone, production of isooctane from isobutene & isobutylene, etc. Sulfuric Acid usually inhibits quickening the reaction process to attain the required chemical output faster. Rising concerns about high crop yield and outstanding food quality from the agricultural industry are projected to drive fertilizer market growth, which, in turn, is likely to fuel the Sulfuric Acid Market. With the greater expectancy of increased yield from farmers and decreasing availability of fertile land for agricultural practices due to growing urbanization, the demand for fertilizers is evaluated to increase rapidly. Fertilizers are now a fundamental part of agriculture and offer the soil potassium, phosphate, and nitrogen. They are responsible for half of the crop yield in the world. The growth of fertilizers, especially in the phosphate segment, will boost the demand for Sulfuric Acid, which is the critical raw material used to manufacture commercial phosphate fertilizers.

Asia-Pacific region is projected to be the biggest market for global Sulphuric Acid. A rise in government initiatives and collaborations with international manufacturing firms and the utilization of Sulphuric Acid to produce fertilizers and the processing of other industrial chemicals are significant factors driving the market in the region. Due to the high demand from countries like China, India, and Japan, from chemical, fertilizer, and other producing industries, the market for Sulfuric Acid has been rapidly increasing. Sulphuric Acid acts as a catalyst used during the alkylation process in refining operations. The growing demand for petroleum refining operations is anticipated to push the usage of Sulphuric Acid over the forecasted period. The use of metals increases in automotive, construction, and various other industries. With the growing demand for metals, the metal extraction industry has expanded its production capacity. Consequently, this will create higher scope for applications of Sulphuric Acid in the metal extraction industry. The surge in need for H2SO4 from different countries will further improve the growth of the global sulfuric acid market in the region during the forecasted period. Sulfuric Acid is a sticky liquid soluble in water, and the color fluctuates from yellow to colorless, which varies upon its concentration. Sulfuric Acid is applied to produce commercially essential chemicals such as Hydrochloric Acid, Nitric acid, sulfate salts, synthetic detergents, dyes, pigments, explosives, drugs, and so forth. Furthermore, increased demand for electric vehicles will increase the use of sulfuric Acid in automotive batteries, triggering a new application. Moreover, surged adoption of Sulfuric Acid in nutrient-rich food crops will boost the market. Sustainable need for Sulfuric Acid due to its increased utilization in wastewater treatment, paper & pulp production, and fertilizers will promote growth in the Sulfuric Acid market.

The Global Sulphuric acid market is highly segmented. Major global market key players were found to be Akzo Nobel N.V., Unigel S.A., The Dow Chemical Company, DuPont Inc., Ineos Enterprises Limited, PVS Chemicals, and BASF SE, among others. 

In November 2020, DuPont Clean Technologies introduced two new sulfuric acid catalysts: MECS® Super GEARTM and MECS® XLP-310, which expand on the company's well-established GEAR® and XLP catalyst product lines.

In June 2019, Veolia announced the expansion of the plant in Louisiana that converts Sulfuric Acid into commercial-quality Sulfuric Acid and produces sulfur-based products for refining and other purposes. New equipment ad up-gradation on existing equipment will yield a 15 percent increase in sulfuric acid regeneration capacity.

Global Sulphuric Acid Market report provides deep insight into the Sulphuric acid market's current and future state across various regions. The study comprehensively analyzes the Sulphuric acid market by segmenting based on Raw Materials (Elemental sulfur, Base metal smelters, Pyrite ore, and Others), Application (Chemical manufacturing, Fertilizers, Petroleum refining, Metal processing, Textile industry, Automotive industry, and Other applications), and Geography (North America, Asia-Pacific, South America, Europe, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also extensively covers researched competitive landscape sections with major companies' profiles, including their market shares and projects.