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Report World - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights

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Global Sulphuric Acid Market 2024

Sulphuric Acid Market Size

For the fourth year in a row, the global sulphuric acid market recorded growth in sales value, which increased by 6.5% to $X in 2022. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level in 2022 and is likely to continue growth in years to come.

Sulphuric Acid Production

In value terms, sulphuric acid production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. Global production peaked in 2022 and is expected to retain growth in years to come.

Sulphuric Acid Exports

Exports

In 2022, approx. X tons of sulphuric acid and oleum were exported worldwide; growing by 61% compared with the previous year. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, sulphuric acid exports surged to $X in 2022. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 101%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Japan (X tons) represented the key exporter of sulphuric acid and oleum, achieving 41% of total exports. It was distantly followed by South Korea (X tons), Bulgaria (X tons) and China (X tons), together committing a 34% share of total exports. Canada (X tons), Mexico (X tons), Germany (X tons), Sweden (X tons) and Belgium (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sulphuric acid exports from Japan stood at +15.3%. At the same time, China (+48.1%), Bulgaria (+13.8%), Mexico (+4.2%), Sweden (+3.3%), South Korea (+2.2%) and Belgium (+1.6%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of +48.1% from 2012-2022. By contrast, Canada (-1.1%) and Germany (-4.6%) illustrated a downward trend over the same period. While the share of Japan (+20 p.p.), China (+7.7 p.p.) and Bulgaria (+3.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Mexico (-1.6 p.p.), Germany (-4.5 p.p.), Canada (-5.7 p.p.) and South Korea (-12.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Canada ($X) were the countries with the highest levels of exports in 2022, with a combined 38% share of global exports.

China, with a CAGR of +54.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sulphuric acid export price amounted to $X per ton, shrinking by -8% against the previous year. Over the period under review, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the other global leaders experienced more modest paces of growth.

Sulphuric Acid Imports

Imports

In 2022, approx. X tons of sulphuric acid and oleum were imported worldwide; growing by 53% compared with 2021. Overall, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphuric acid imports skyrocketed to $X in 2022. Over the period under review, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of sulphuric acid and oleum, namely Chile, the United States and Morocco, represented more than half of total import. The Philippines (X tons) ranks next in terms of the total imports with an 8.1% share, followed by India (5.7%) and Turkey (5.6%). Brazil (X tons), Thailand (X tons), Democratic Republic of the Congo (X tons), Germany (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Morocco (with a CAGR of +22.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest sulphuric acid importing markets worldwide were Chile ($X), the United States ($X) and India ($X), with a combined 45% share of global imports. The Philippines, Morocco, Brazil, Turkey, Thailand, Democratic Republic of the Congo, Germany and Indonesia lagged somewhat behind, together comprising a further 33%.

Morocco, with a CAGR of +20.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 16%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of sulphuric acid consumption, comprising approx. 25% of total volume. Moreover, sulphuric acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Russia ranked third in terms of total consumption with a 9.3% share.
China constituted the country with the largest volume of sulphuric acid production, comprising approx. 27% of total volume. Moreover, sulphuric acid production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by the United States, with a 9.9% share.
In value terms, China, South Korea and Canada appeared to be the countries with the highest levels of exports in 2021, with a combined 38% share of global exports.
In value terms, Chile, the United States and India appeared to be the countries with the highest levels of imports in 2021, together accounting for 39% of global imports. Democratic Republic of the Congo, Brazil, the Philippines, Turkey, Morocco, Thailand, China, Germany, Belgium and Kazakhstan lagged somewhat behind, together comprising a further 33%.
The average sulphuric acid export price stood at $77 per ton in 2021, surging by 10% against the previous year.
The average sulphuric acid import price stood at $81 per ton in 2021, rising by 5.5% against the previous year.

This report provides an in-depth analysis of the global sulphuric acid market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20132434 - Sulphuric acid, oleum

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

BASF, Southern States Chemical, Barentz, Reagents, E & C Chemicals Inc., Aarti Industries, Trident Group, Kiri Industries Ltd., Shrieve, Bodal Chemicals, Noah Chemicals, The Chemical Co., Palm Commodities International, SAE Manufacturing Specialties Corp, GJ Chemical, ProChem, Pelican Chemicals, Dominion Chemical Co., Napco Chemical Company, Josco Products, A Brite Company, AquaPhoenix Scientific, Spectrum Chemical Mfg. Corp., Colonial Chemical Corp., Hydrite Chemical Co., Barite0, Kindle Fischer Specialty Chemicals LLC, C & E Services, H-O-H Water Technology, Wengfu Group Co., ASIA Chemical, Jiangsu Mingsheng Chemical Co.

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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