CATEGORY

Sulfuric Acid

The global demand is expected to grow at 4 - 5 percent CAGR for sulfur and 2 percent CAGR for sulfuric acid through 2016 - 2022 Asia (high population zones: China and India) is expected to drive the demand for sulfur

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The average annual savings achieved in Sulfuric Acid category is 6.50%

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The industry average payment terms in Sulfuric Acid category for the current quarter is 75.0 days

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    Sulfuric Acid Suppliers


    3,246
    Total Suppliers
    78
    Diverse Suppliers
    89
    Normalized Supplier Rating
    Sulfuric Acid Supplier

    Find the right-fit sulfuric acid supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    BASF SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

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    Up to 3 months

    1 9
    1
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    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.


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    D/2

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    A 71 - 100

    Very Low Risk

    B 51 - 70

    Low Risk

    C 30 - 50

    Moderate Risk

    D 21 - 29

    High Risk

    E 0 - 20

    Not Rated


    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    60
    Social
    59
    Governance
    57
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    68
    Community Environment
    42
    Corporate governance
    60
    Human resources
    61
    Security Scorecard
    82

    Threat indicators
    B
    83
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    A
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    D
    62
    DNS Health
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    B
    80
    Application Security
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    B
    81
    Endpoint Security
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    A
    100
    Cubic Score
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    B
    85
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    A
    100
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    A
    94
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    100
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    Industry Comparison
    basf.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    17
    Workforce Health Safety Issues
    0
    Product Service Issues
    22
    Human Rights Issues
    3
    Production Supply Chain Issues
    35
    Environmental Non Compliance Flags
    74
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    21
    Fraud Issues
    8
    Labor Health Safety Flags
    12
    Regulatory Issues
    13
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    49
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    Yes

    Sulfuric Acid market report transcript


    Global Market Outlook on Sulfuric Acid 

    Sulfuric acid is one of the key substances in the chemicals industry. The mineral acid with the formula H2 SO4 is a strong acid and is corrosive. Its most common application is in the fertilizer-chemicals industry, where it is used to prepare sulfur fertilizers. It is used for mineral processing, oil refining, and as an industrial cleaning agent. It is used to make acidic drain cleaners. Sulfuric acid is also used in the textiles industry.   

    The key players in this industry are BASF Se, DuPont de Nemours, INEOS, PVS Chemicals, Chung Hwa Chemical Industries, etc. The Sulfuric acid market is segmented based on region, raw material, and applications. In terms of regions, the segmentation is done as Asia-Pacific, North America, Europe, South America, and Middle-East & Africa. In terms of the raw material used, the market segmentation is done as elemental sulfur, pyrite ore, and base metal smelters. In terms of applications, it is segmented as fertilizers, chemicals, manufacturing, metal processing, paper & pulp, refineries, and textiles. 

    The slowdown in manufacturing due to the COVID-19 pandemic and the volatility in the prices of raw materials are challenges before the industry. The need for water treatment plants in industries, the demand for detergents, and the demand from the automobile sector are opportunities that are likely to help the growth of the industry.

    • The global demand is expected to grow at 4–5 percent CAGR for sulfur and 2 percent CAGR for sulfuric acid through 2016–2022.
    • Asia (high population zones: China and India) is expected to drive the demand for sulfur.
    • Sulfuric acid usage in the chemicals segment is also expected to increase by about 1 percent CAGR during the same period.

    The global sulfuric acid market is expected to reach $87.9 billion by 2024

    • The key market driving end-user is the agriculture segment (used for producing phosphoric acid, and in turn, phosphate (fertilizers).
    • Global agriculture production is expected and being aimed to grow at 1–2 percent per year in the next decade, which is likely to be a key driver for the sulfuric acid market.

    sulfuric acid market

    The global demand is expected to grow at 4–5 percent CAGR for sulfur and 2 percent CAGR for sulfuric acid through 2016–2022

    Asia (high population zones: China and India) is expected to drive the demand for sulfur

    The Chinese phosphate industry has witnessed a slump in 2016, which has begun to pick up in late Q4 2016 and expected to improve consumption of both the commodities for the coming years Sulfuric acid usage in the chemicals segment is also expected to increase by about 1 percent CAGR during the same period

     Global Capacity–Demand Analysis 

    • In the long run, all the key production markets are likely to get self-sustained, which is expected to export sulfur to import in regions like LATAM and Africa.
    • This is likely to shift negotiation power toward buyers in the markets, like North America, in the next 3–4 years.

    Market Outlook 

    • Capacity dynamics: Sulfur production is expected to increase by about 27 percent from 2016 to 2021. Sulfur is primarily produced during crude oil and natural gas refining (>96 percent of the total production). Crude production is expected to increase in the coming years as per WOO, stating population growth by 11 percent until 2022. One such scenario can be seen where rig counts in the US increased from 700 levels in 2016 to 1,900 levels by early 2017. The increased oil output is likely to improve sulfur production as well. The rest is produced from Pyrites and mining activities of sulfur deposits.
    • Key consumption regions: China (28 percent), the US (18 percent), and Middle East & Africa (18 percent).
    • Key producing regions: China (17 percent), the US (12 percent), Russia (10 percent), and Canada (8 percent.

    Engagement Outlook

    • Concept of negative pricing: Instances were noticed in 2009 when negative pricing was prevalent in the US, due to excess supply and economic recession, where agriculture activities slumped to a large extent. However, though such a scenario is unlikely in the future, extensive discounts or allowances in the prices of sulfur are likely in the key markets, when they attain self-sufficiency and find it difficult to place the material in the international markets.