Sulfuric acid market projected to reach $80.2 billion by 2031

BCC Research has released a market analysis report predicting significant growth in the global sulfuric acid market. According to the report, the market is expected to reach $43.3 billion by 2026 and continue growing at a compound annual growth rate (CAGR) of 13.1% to reach $80.2 billion by the end of 2031.

The research covers various segments, including raw materials such as elemental sulfur, smelter-derived materials, and pyrite. Key end-use applications identified include fertilizers, chemicals, metal processing, textiles, paper and pulp, oil refining, and batteries.

The study analyzes global markets across North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, involving major industry players such as BASF, Solvay, and Sumitomo Chemical.