Report

India's Sulphuric Acid market stood at 14.15 Million Tonnes in FY2021 and is forecast to reach 24.40 Million Tonnes by FY2030, growing at a healthy CAGR of 6.24% until FY2030. Sulphuric Acid is a colorless, highly corrosive diprotic acid finding various applications in the chemical industry due to its extraordinary oxidizing and dehydrating properties. The surge in the consumption of Sulphuric Acid in India is augmented by the overall growth of the Indian chemical industry wherein it is widely utilized for synthesizing myriad derivatives. Sulphuric Acid is primarily being used as a feedstock for the synthesis of nitrogenous and phosphatic fertilizers against the backdrop of its abundant demand from the fertilizer industry. Besides this, the growing consumption of Sulphuric Acid in the water treatment process and metal processing is anticipated to contribute well to propel its demand in the forecast period. Coronavirus outbreak in the country in the final quarter of FY20 has hindered the sturdy fundamentals of the domestic Sulphuric Acid market. Subdued offtakes for downstream derivatives as a repercussion caused by the nationwide lockdown in March overshadowed its slacked production margins disrupted by the forced turnaround in various chemical refineries. Slowed operations in the fertilizer industry followed by the temporary turnarounds in some of the major downstream companies negatively affected its growth rate in the final quarter. However, demand fundamentals for Sulphuric Acid are expected to showcase a V-shaped recovery with scheduled capacity additions in its downstream derivatives under the government initiative of self-reliant India.
Sulphuric Acid can be produced by either the smelter or sulfur route. Owing to the extensive demand for Sulphuric acid in the country, more than 90% of Sulphur produced in the domestic market is directed to manufacture Sulphuric Acid. On the back of the high yield and affordability, Double Conversion Double Absorption (DCDA) process technology is presently the widely used process for its production. The Single Conversion and Single Absorption (SCSA) process is another popular production method for manufacturing Sulphuric Acid. There are several organized and unorganized players operating in the India Sulphuric Acid market, making it highly fragmented. However, one-fourth share of the total production comes from the 6 leading market players. As of 2020, Hindustan Zinc Limited is the largest manufacturer of Sulphuric Acid operating in the domestic market. With favorable initiatives by the Indian government for the expansion of the manufacturing facilities in India, there exists a huge opportunity for manufacturers eyeing to widen their domestic revenues
Years Considered for this Report:
Historical Years: FY2015 - FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 - 2030
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Deliverables
- Installed Capacity By Company: Installed capacity within the country along with the individual capacity of leading players
- Installed Capacity By Location: Installed capacity at several locations across the country
- Installed Capacity By Process: Installed capacity by different processes
- Installed Capacity By Technology: Installed capacity by different technologies being used to produce Hydrogen Peroxide
- Production By Company: Actual production done by different companies
- Operating Efficiency By Company: Operating efficiency at which different companies are operating their plants
- Demand By End Use: Demand/Sale of Hydrogen Peroxide in different end-user industries across the country:
- Demand By Sales Channel: Demand/Sale of Hydrogen Peroxide by different sales channels across the country
- Demand By Region: Demand/Sale of Hydrogen Peroxide in different regions of the country
- Country-Wise Exports: Exports of Hydrogen Peroxide by Different Countries
- Country-Wise Imports: Imports of Hydrogen Peroxide by Different Countries
- Demand & Supply Gap: Demand & Supply Gap at country level
- Market Share of Leading Players: Revenue shares of leading players in the country
- News & Deals: Historical & Current News & Deals in Hydrogen Peroxide market
To extract data for the India Sulphuric Acid market, primary research surveys were conducted with manufacturers, suppliers, distributors, wholesalers, and end-users of Sulphuric Acid. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end-user segments and projected a positive outlook for the India Sulphuric Acid market over the coming years.
ChemAnalyst calculated demand for Sulphuric Acid in India by analyzing the historical data and demand forecast that was carried out considering consumption from end-user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, and annual reports were also studied by ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sulphuric Acid manufacturers, distributors, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Key Target Audience:
- Sulphuric Acid manufacturers, suppliers, distributors, and other stakeholders
- Organizations, forums, and alliances related to Sulphuric Acid distribution
- Government bodies such as regulating authorities and policymakers
- Market research and consulting firms
Report Scope:
In this report, the India Sulphuric Acid market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, by Application - Fertilizer, Dyes & Dye Intermediates, LABSA, Steel, Fluorine derivatives, Titanium Dioxide, Explosives, Rayon Yarn, Water Treatment, Pulp & Paper & others
Market, by Grade -Commercial Grade, Battery Grade
Market, by Process - Elemental Sulphur, Smelter By-Product
Market, By Distribution Channel -Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region -North, South, East, and West.
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company's specific needs.