Over the past few decades, sulfuric acid has found widespread applications across various end-use industries such as fertilizers, chemical manufacturing, oil refining, wastewater processing, and others. Sulfuric acid plays a key role in the production of phosphate fertilizers, which are crucial for global food security. Strong growth in global agricultural output and rising world population have fueled the demand for fertilizers, thereby positively impacting the sulfuric acid market. The ability of sulfuric acid to lower the pH of wastewater during effluent treatment processes has increased its importance in the industrial waste management industry as well.

The Global sulfuric acid market is estimated to be valued at US$ 29.6 Mn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the sulfuric acid market are 3M Littmann, Eko Devices, Thinklabs Medical, HD Medical Inc., and Welch Allyn (a subsidiary of Hillrom). These companies are focusing on capacity expansions and collaborating with fertilizer manufacturers to gain a competitive edge in the market.

Rising demand for fertilizers from the agricultural industry presents significant growth opportunities for sulfuric acid producers. High crop yields will be crucial to meet the rising food demand from a growing world population.

Advancements in membrane cell technology have allowed for more efficient sulfuric acid production with reduced emissions. This eco-friendly production method uses oxygen instead of air, thereby minimizing SO2 emissions from the production process.

Market Drivers
One of the key drivers for the Sulfuric Acid Market Demand is the growing demand for phosphate fertilizers globally. Phosphate fertilizers such as diammonium phosphate (DAP) and monoammonium phosphate (MAP) consume a major portion of the sulfuric acid produced worldwide. According to estimates, around 85-90% of the global sulfuric acid supply is used for fertilizer production. With world population projected to exceed 9 billion by 2050, demand for food is likely to surge, driving fertilizer demand and benefiting sulfuric acid producers.

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)