Sulfuric Acid Market Regional Analysis:
APAC Market Market Insights
Sulfuric acid market share in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about 46% by the end of 2035. The growth of the market can be attributed majorly to the increasing production of sulfur in the region. For instance, in 2022, China produced over 18 million tons of sulfur owing to the reduction in sulfur mining and increased demand from various sectors. Further, the rising demand for sulfuric acid from the Philippines and Indonesia is also expected to contribute to the growth of the market. The market will be expected to increase over the next years, as phosphate fertilizer production becomes more and more of a necessity in view of growing demand from the fertilizer sector and strict environmental regulations on the manufacture of environmentally friendly products. The growth of the Chinese market is expected to be driven by growing demand in industry and phosphoric acid, as a result of increased crop cultivation and better yields. In addition, the region's population growth and demand for food are also anticipated to boost market growth during the forecast period.
North American Market Insights
The North American sulfuric acid market is estimated to be the second largest, registering a share of about 24% by the end of 2035. The growth of the market can be attributed majorly to the increasing fertilizer demand in the region. The main producers of sulfur were countries such as the United States and Canada. It is estimated that the market would benefit from a rise in consumer awareness of hygiene. Moreover, the global market is strengthening as more and more detergents are used. In order to allow for electrons between the batteries' plates, sulfuric acid is used as an electrolyte in a dilute form also known as battery acid. All these factors are anticipated to contribute to the market growth of the region. Further, the presence of supportive policies by the regulatory bodies that promote the market players to opt for further sulfur production.
Europe Market Market Insights
Europe region is likely to register significant growth till 2035. The growth of the market can be attributed majorly to the increasing demand for sulfuric acid in a variety of industries in countries like Germany, France, and the United Kingdom. The opportunities for the European market are generated in developing countries through a strong network of distributors, including multi-brand stores and online retailers. Germany's market for sulfuric acid is dominant, with France and the United Kingdom taking second place. These factors are estimated to contribute to the growth of the market.
