The latest report by IMARC, titled "Sulphuric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of sulphuric acid prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Sulphuric Acid Prices December 2023:
- United States: 59/MT
- Japan: $29/MT
- Belgium: $54/MT
- Saudi Arabia: $55/MT
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The study delves into the factors affecting sulphuric acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Sulphuric Acid Price Trend- Q4 2023
The sulphuric acid market is currently experiencing significant momentum, primarily driven by its indispensable role in various industrial sectors. Sulphuric acid, a critical raw material in the chemical industry, is pivotal for the manufacturing of fertilizers, particularly phosphates and ammonium sulphate, which are essential for global agricultural productivity. Additionally, its application in the production of chemicals, petroleum refining, and metal processing further bolsters demand. The market is also influenced by the shift toward more environmentally friendly practices, with sulphuric acid playing a crucial role in processing waste materials and in the desulphurization of fuels. The increasing emphasis on water treatment and pollution control measures has led to a rise in the use of sulphuric acid for pH adjustments and contaminant removal, further driving its demand. This multi-faceted utility across critical sectors underscores the continued growth and expansion of the market.
The global sulphuric acid market size reached US$ 15.5Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 17.9 Billion, at a projected CAGR of 1.50% during 2023-2032. In the last quarter, several factors have influenced sulphuric acid prices, reflecting a complex interplay of supply and demand dynamics. A notable aspect has been the fluctuating raw material costs, particularly sulphur and oleum, which are key inputs in the production of sulphuric acid. Prices for these raw materials have been volatile, influenced by global energy markets and shifts in oil and gas production levels. Additionally, environmental regulations have tightened, leading to increased operational costs for manufacturers aiming to meet stricter emission standards. This regulatory pressure has contributed to the upward trend in sulphuric acid prices as producers pass on the increased costs to consumers.
Moreover, the global supply chain disruptions, partly a residual effect of the COVID-19 pandemic, have played a significant role in affecting the product prices. Transportation bottlenecks, logistical challenges, and labor shortages have led to delays and increased shipping costs, impacting the overall supply chain efficiency. The geopolitical tensions in key regions have further exacerbated supply uncertainties, leading to cautious purchasing behaviors among large consumers. Demand, on the other hand, has remained robust, particularly from the agricultural sector, which relies heavily on sulphuric acid for fertilizer production. This strong demand, coupled with supply constraints, has put upward pressure on product prices, indicating a market scenario characterized by tight supplies and strong demand fundamentals.
In the current quarter of 2023, the sulfuric acid market in the North American region was in a negative state. With a 10.7% drop in prices from the previous quarter, the US witnessed the most price changes. This was a negative trend. In Q42023, the APAC sulphuric acid market observed a downward trend due to a lack of demand from agrochemical companies that produce downstream products. Japan saw a -33% decrease in price percentage over the previous quarter. The European sulfuric acid market noticed a bearish trend during the fourth quarter of 2023. The market was adversely affected by the rise in fuel prices for transportation, which increased the cost of the final product.
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Key Points Covered in the Sulphuric Acid Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Sulphuric Acid Prices
- Sulphuric Acid Price Trend
- Sulphuric Acid Demand & Supply
- Sulphuric Acid Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Sulphuric Acid Price Analysis
- Sulphuric Acid Industry Drivers, Restraints, and Opportunities
- Sulphuric Acid News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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