Malaysia Sulphuric Acid Market Outlook (2023-2029) | Companies, Value, Revenue, Size, Analysis, Growth, COVID-19 IMPACT, Trends, Share, Industry & Forecast

Malaysia Sulphuric Acid Market | Country-Wise Share and Competition Analysis

In the year 2021, the Rep. of Korea was the largest exporter in terms of value, followed by Japan. It has registered a growth of 742.08% over the previous year. While Japan registered a growth of 66.78% as compared to the previous year. In the year 2017, Japan was the largest exporter followed by Rep. of Korea. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 2084 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  3285 which signifies high concentration in the market.

Malaysia Sulphuric Acid Market - Export Market OpportunitiesTopics Covered in the Malaysia Sulphuric Acid Market

Malaysia 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.

Malaysia Sulphuric Acid Market Synopsis

Malaysia Sulphuric Acid Market is poised for growth during the forecast period. The growth of this market is primarily driven by diverse industries such as chemicals, fertilizers, metals, and agriculture. It served as a fundamental chemical in numerous industrial processes and found widespread use in producing fertilizers and manufacturing chemicals. However, the production and handling of sulphuric acid raised environmental concerns due to its corrosive and hazardous nature. Further, fluctuations in raw material prices, particularly the cost of sulfur and energy, impacted the overall production costs and profitability for manufacturers.

According to 6Wresearch, the Malaysia Sulphuric Acid Market is anticipated to grow during the forecast period 2023-2029. The increasing industrial activities in Malaysia in chemicals, fertilizers, and metal processing sectors are driving the demand for sulphuric acid, which is a key component in various industrial processes. Moreover, the mining and metals industry in Malaysia, including the extraction and refining of minerals, also requires significant quantities of sulphuric acid for processing purposes.

However, there are several challenges faced by the market such as environmental concerns and fluctuations in raw material prices, particularly the cost of sulfur and energy. Additionally, the market faces intense competition from international suppliers, impacting local producers' pricing strategies and market share. With an increasing focus on sustainability and circular economy principles, there is a growing trend towards recycling waste gases containing sulfur dioxide to produce sulphuric acid, reducing environmental impacts. The ongoing infrastructure development in Malaysia stimulate the demand for construction materials like cement, which, in turn, boosts the demand for sulphuric acid used in cement production as well as Malaysia Sulphuric Acid Market Growth.

The Impact of COVID-19 on the Malaysia Sulphuric Acid Market

COVID-19 had a significant impact on the global economy as well as the chemical sector. The pandemic has disrupted the supply chain of sulphuric acid due to transportation restrictions, border closures, and reduced production capacity in various parts of the world. The market demand for sulphuric acid might have been affected by the slowdown in industrial activities and construction projects during lockdowns and restrictions. Moreover, supply-demand imbalances and uncertainties related to the pandemic have caused price fluctuations in the sulphuric acid market.

Key Players in the Malaysia Sulphuric Acid Market

The key players in the Malaysia Sulphuric Acid Market include local and international manufacturers and suppliers. Some of the significant players in the market are;

• PETRONAS Chemicals Group Berhad
• Lembaga Letrik Sabah (Sabah Electricity)
• BASF Petronas Chemicals Sdn Bhd
• Southern Acids (M) Berhad

Future of the Malaysia Sulphuric Acid Market

The future of the Malaysia Sulphuric Acid Industry depends on the recovery of the global economy and industrial activities, government policies, and technological advancements. The country’s focus on infrastructure development and industrialization lead to increased demand for sulphuric acid in construction and related sectors. Additionally, growing awareness of environmental concerns drives the adoption of clean technologies that use sulphuric acid, particularly in the renewable energy and waste treatment industries.

Market Analysis by Raw Materials

According to Nikhil, Senior Research Analyst, 6Wresearch, Elemental sulfur has been dominating the Malaysia Sulphuric Acid Market Share owing to the availability and pricing of elemental sulfur in Malaysia.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Sulphuric Acid Market Outlook
• Market Size of Malaysia Sulphuric Acid Market, 2022
• Forecast of Malaysia Sulphuric Acid Market, 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Revenues & Volume for the Period 2019 - 2029
• Malaysia Sulphuric Acid Market Trend Evolution
• Malaysia Sulphuric Acid Market Drivers and Challenges
• Malaysia Sulphuric Acid Price Trends
• Malaysia Sulphuric Acid Porter's Five Forces
• Malaysia Sulphuric Acid Industry Life Cycle
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Raw Material for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Elemental sulfur for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Base metal smelters for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Pyrite Ore for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Applications for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Fertilizers for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Chemical Manufacturing for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Metal Processing for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Petroleum Refining for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Textile Industry for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Automotive for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Paper & Pulp for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Sulphuric Acid Market Revenues & Volume By Others for the Period 2019 - 2029
• Malaysia Sulphuric Acid Import Export Trade Statistics
• Market Opportunity Assessment By Raw Material
• Market Opportunity Assessment By Applications
• Malaysia Sulphuric Acid Top Companies Market Share
• Malaysia Sulphuric Acid Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Sulphuric Acid Company Profiles
• Malaysia Sulphuric Acid Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

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

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