Sulfuric Acid Market and Trend

Sulfuric acid is an inorganic compound with the chemical formula H₂SO₄ and is the most important oxygenated acid of sulfur. Pure sulfuric acid is a colorless oily liquid that crystallizes at 10.36°C. Sulfuric acid is known as the mother of the chemical industry and is a highly corrosive strong mineral acid, generally transparent to slightly yellow, miscible with water at any concentration and exothermic. The main sources include sulfur, smelting gas and sulfurous iron ore, which are produced by tower and contact methods.

The global sulfuric acid market size was 298.6 million tons in 2017, growing to 328.7 million tons in 2022, with a CAGR of 1.9% from 2017 to 2022. Global carbon peaking programs are boosting demand for battery metals such as lithium, nickel and cobalt, which is driving demand for sulfuric acid for leaching. The global sulfuric acid market size is expected to grow to 376.2 million tons in 2027 with a CAGR of 2.7% from 2022 to 2027.

Figure 2017-2027 Global Sulfuric acid Market Size (Million TONS) and CAGR

The main applications of sulfuric acid are phosphate fertilizer (55.9%), titanium dioxide (12.3%), and hydrofluoric acid (6.8%).