Market Forecast By Raw Material (Elemental sulfur, Base metal smelters, Pyrite ore, Others), By Applications (Fertilizers, Chemical manufacturing, Metal processing, Petroleum refining, Textile industry, Automotive, Paper & pulp, Others) And Competitive Landscape
Product Code: ETC074574 | Publication Date: Jun 2021 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Australia Sulphuric Acid market currently, in 2023, has witnessed an HHI of 3926, Which has decreased moderately as compared to the HHI of 4540 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
In the year 2021, Other Asia, nes was the largest exporter in terms of value, followed by Rep. of Korea. It has registered a growth of 113504.19% over the previous year. While Rep. of Korea registered a growth of 542.24% as compared to the previous year. In the year 2017, China was the largest exporter followed by Rep. of Korea. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 4540 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index ofΒ 2716 which signifies high concentration in the market.
Topics Covered in the Australia Sulphuric Acid Market
Australia Sulphuric Acid Market report thoroughly covers the market by raw materials and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Sulphuric Acid Market Synopsis
Australia Sulphuric Acid Market is forecast to grow steadily owing to the country's industrial and mining activities. Sulphuric acid played a critical role in the production of chemicals, fertilizers, metals, and other essential products. Additionally, the agriculture sector also contributed to the demand for sulphuric acid due to its use in manufacturing fertilizers to improve crop yields.
According to 6Wresearch, the Australia Sulphuric Acid Market is projected to grow during the forecast period 2023-2029. The increasing industrialization and economic growth in Australia drive the demand for sulphuric acid as a key chemical in various manufacturing and processing industries. The agriculture industry's reliance on sulphuric acid-based fertilizers to enhance soil fertility and crop productivity is one of the significant drivers of this market. However, sulphuric acid production and usage have environmental implications due to its corrosive and potentially hazardous nature. In addition, the market is influenced by fluctuations in raw material prices, particularly sulfur and energy, which impacted the overall cost of sulphuric acid production. Australia's strategic geographical location and surplus production capacity provided opportunities for domestic manufacturers to explore export markets in neighbouring countries and regions with growing demands. The Australia Sulphuric Acid Industry witnessed a trend towards adopting more sustainable practices, with a focus on recycling waste gases containing sulfur dioxide to produce sulphuric acid, promoting environmental responsibility.
The Impact of COVID-19 on the Australia Sulphuric Acid Market
The COVID-19 pandemic had significant effects on the Australia Sulphuric Acid market size. The pandemic resulted in disruptions to industrial activities, supply chains, and trade, leading to fluctuations in demand and production of sulphuric acid. Some of the key impacts on the Australia Sulphuric Acid Market are demand fluctuations as the pandemic-induced lockdowns and restrictions affected industrial and construction activities, leading to fluctuations in the demand for sulphuric acid across different sectors. The closure of international borders and disruptions in logistics and transportation affected the supply chain for raw materials and finished products, impacting sulphuric acid production and distribution.
Key players in the Australia Sulphuric Acid Market
Some of the key players in the Australia Sulphuric Acid market which is also a major part of Asia Pacific Sulphuric Acid Market include domestic producers as well as multinational companies that supply sulphuric acid to the country. These key players are involved in the manufacturing and marketing of sulphuric acid. For instance;
Future of the Australia Sulphuric Acid Market
The Australia Sulphuric Acid market size is expected to grow over the coming years. The post-pandemic economic recovery is expected to drive the demand for sulphuric acid in various manufacturing processes, especially in the mining, metals, and agriculture sectors. Moreover, there is an increasing focus on sustainable practices and environmental responsibility. Also, Australia's ongoing infrastructure projects and construction activities drive the demand for construction materials, which, in turn, boost the demand for sulphuric acid used in cement production.
Market Analysis by Applications
According to Shivankar, Research Manager, 6Wresearch, the fertilizers industry has been the primary driver of sulphuric acid in Australia as well as this segment is projected to lead the Australia Sulphuric Acid Market Share. Sulphuric acid is a crucial component in the production of phosphate fertilizers which are widely used in the country's agriculture sector.
Key attractiveness of the report
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Sulphuric Acid Market Overview |
3.1 Australia Sulphuric Acid Market Revenues & Volume, 2019 - 2029F |
3.2 Australia Sulphuric Acid Market - Industry Life Cycle |
3.3 Australia Sulphuric Acid Market - Porter's Five Forces |
3.4 Australia Sulphuric Acid Market Revenues & Volume Share, By Raw Material, 2022 & 2029F |
3.5 Australia Sulphuric Acid Market Revenues & Volume Share, By Applications, 2022 & 2029F |
4 Australia Sulphuric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Sulphuric Acid Market Trends |
6 Australia Sulphuric Acid Market Segmentation |
6.1 Australia Sulphuric Acid Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Australia Sulphuric Acid Market Revenues & Volume, By Raw Material, 2019 - 2029F |
6.1.3 Australia Sulphuric Acid Market Revenues & Volume, By Elemental sulfur, 2019 - 2029F |
6.1.4 Australia Sulphuric Acid Market Revenues & Volume, By Base metal smelters, 2019 - 2029F |
6.1.5 Australia Sulphuric Acid Market Revenues & Volume, By Pyrite ore, 2019 - 2029F |
6.1.6 Australia Sulphuric Acid Market Revenues & Volume, By Others, 2019 - 2029F |
6.2 Australia Sulphuric Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Australia Sulphuric Acid Market Revenues & Volume, By Fertilizers, 2019 - 2029F |
6.2.3 Australia Sulphuric Acid Market Revenues & Volume, By Chemical manufacturing, 2019 - 2029F |
6.2.4 Australia Sulphuric Acid Market Revenues & Volume, By Metal processing, 2019 - 2029F |
6.2.5 Australia Sulphuric Acid Market Revenues & Volume, By Petroleum refining, 2019 - 2029F |
6.2.6 Australia Sulphuric Acid Market Revenues & Volume, By Textile industry, 2019 - 2029F |
6.2.7 Australia Sulphuric Acid Market Revenues & Volume, By Automotive, 2019 - 2029F |
6.2.8 Australia Sulphuric Acid Market Revenues & Volume, By Others, 2019 - 2029F |
6.2.9 Australia Sulphuric Acid Market Revenues & Volume, By Others, 2019 - 2029F |
7 Australia Sulphuric Acid Market Import-Export Trade Statistics |
7.1 Australia Sulphuric Acid Market Export to Major Countries |
7.2 Australia Sulphuric Acid Market Imports from Major Countries |
8 Australia Sulphuric Acid Market Key Performance Indicators |
9 Australia Sulphuric Acid Market - Opportunity Assessment |
9.1 Australia Sulphuric Acid Market Opportunity Assessment, By Raw Material, 2022 & 2029F |
9.2 Australia Sulphuric Acid Market Opportunity Assessment, By Applications, 2022 & 2029F |
10 Australia Sulphuric Acid Market - Competitive Landscape |
10.1 Australia Sulphuric Acid Market Revenue Share, By Companies, 2022 |
10.2 Australia Sulphuric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |