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Get the latest insights on price movement and trend analysis of Oleum in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).
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The U.S. sulphuric acid market expanded to $2.7B in 2024, surging by 3.7% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2024: its value increased at an average annual rate of +4.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +55.6% against 2021 indices.
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Forecast: Sulphuric Acid and Oleum Market Size Value in France 2022 - 2026 Discover more data with ReportLinker!
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The Iranian sulphuric acid market fell to $20M in 2024, waning by -9.1% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2024: its value increased at an average annual rate of +9.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +16.0% against 2022 indices.
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Forecast: Sulphuric Acid and Oleum Market Size Value in Denmark 2022 - 2026 Discover more data with ReportLinker!
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Market Overview The global oleum acid market is expected to experience significant growth during the forecast period 2025-2033, owing to its increasing demand in various end-use applications. The market size, valued at XXX million in 2025, is projected to expand at a CAGR of XX%, reaching USD XXX million by 2033. This growth is primarily attributed to the rising demand for oleum acid as a sulfonating agent, dye, explosive, nitrocellulose, drug, and other applications. Market Dynamics The growth of the oleum acid market is driven by several factors, including increasing industrialization, urbanization, and population growth. The growing demand for consumer goods, such as textiles, paper, and chemicals, is also contributing to the market's expansion. Moreover, the expanding pharmaceutical and automotive industries are further driving the demand for oleum acid in the production of drugs and solvents. However, volatile raw material prices and stringent environmental regulations may pose challenges to the market's growth. Despite these restraints, the increasing adoption of oleum acid in various applications is expected to sustain its market growth over the forecast period.
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The global oleum acid market size was approximately USD 1.2 billion in 2023 and is expected to reach around USD 1.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.0%. The growth of this market is primarily driven by the rising demand for oleum acid in various industrial applications, particularly in chemical manufacturing and petroleum refining. As industries continue to expand and innovate, the demand for oleum acid, known for its potent properties and versatility, is anticipated to surge. Furthermore, advancements in production technologies and the growing emphasis on efficient waste management are projected to bolster market growth over the forecast period.
One of the major growth factors in the oleum acid market is its critical role in the chemical manufacturing industry. Oleum acid is a key ingredient in the production of several chemicals and is extensively used as a sulfonating and sulfating agent. The chemical industry’s expansion, particularly in developing economies, is fueling the demand for oleum acid. The increased focus on developing environmentally friendly and sustainable chemical processes is also driving the adoption of oleum acid, as it helps in minimizing waste and improving process efficiencies. Additionally, the rise in research and development activities aimed at enhancing the applications of oleum acid is expected to contribute significantly to market growth.
The pharmaceutical industry is another major contributor to the growth of the oleum acid market. Oleum acid is employed in the synthesis of various pharmaceuticals, where it is used for sulfonation processes. The growing pharmaceutical sector, driven by increasing healthcare needs and advancements in drug formulations, is propelling the demand for oleum acid. Furthermore, the rise in production of active pharmaceutical ingredients (APIs) and intermediates is anticipated to boost oleum acid consumption. The stringent regulatory landscape governing pharmaceutical manufacturing also necessitates the use of high-purity chemicals like oleum acid, thus driving market growth.
The petroleum refining industry is witnessing a steady rise in the use of oleum acid, contributing to market expansion. Oleum acid plays a pivotal role in refining processes, particularly in the production of alkylbenzenes and other derivatives. The global demand for refined petroleum products is on the rise, driven by increasing urbanization, industrialization, and transportation needs. This, in turn, is fueling the demand for oleum acid, as refineries continue to expand their capacities and seek efficient refining solutions. Moreover, the ongoing shift towards cleaner and more efficient refining technologies is expected to bolster the adoption of oleum acid in the petroleum industry.
Regionally, Asia Pacific is expected to dominate the oleum acid market during the forecast period, driven by rapid industrialization and the presence of a robust chemical manufacturing sector. The region is witnessing significant investments in chemical and pharmaceutical industries, particularly in countries like China and India, which is further augmenting the demand for oleum acid. North America and Europe are also important markets, with well-established industries and growing focus on sustainable practices driving the demand for oleum acid. The Middle East & Africa and Latin America are anticipated to experience moderate growth, supported by ongoing developments in the oil & gas sector and increasing mining activities.
The oleum acid market, segmented by product type, comprises industrial grade, pharmaceutical grade, and others. The industrial-grade oleum acid holds the largest market share, attributed to its extensive use in various chemical manufacturing processes. This type of oleum acid is favored for its high concentration and ability to act as a sulfonating agent in the production of dyes, detergents, and other industrial chemicals. The demand for industrial-grade oleum acid is further bolstered by the growing emphasis on manufacturing efficiency and process optimization, which requires high-performance chemicals to achieve desired results.
On the other hand, pharmaceutical-grade oleum acid is witnessing a significant surge in demand, driven by the expanding pharmaceutical industry. This grade of oleum acid is characterized by its high purity and compliance with stringent regulatory standards, making it ideal for use in drug synthesis and formulation. The increasing production of pharmaceuticals, especially in emerging markets, is amplifying the dem
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The global oleum market size was valued at approximately USD 1.5 billion in 2023, and it is projected to reach around USD 2.3 billion by 2032, growing at a CAGR of 4.8% during the forecast period. The increasing demand for oleum in chemical manufacturing and pharmaceuticals is a significant growth factor driving this market.
One of the primary growth factors for the oleum market is its extensive use in the chemical manufacturing industry. Oleum, which is essentially a solution of sulfur trioxide in sulfuric acid, is a key ingredient in the production of various chemicals. It is utilized in large quantities for the synthesis of sulfuric acid, which is one of the most widely produced chemicals in the world. The increasing industrialization and rising demand for various chemicals across different sectors are expected to drive market growth. Additionally, the continuous development and expansion of chemical manufacturing facilities globally are further contributing to the increasing demand for oleum.
Another significant growth factor is the oleum's role in the pharmaceutical industry. Oleum is used as a sulfonating agent in the production of various pharmaceutical intermediates and active pharmaceutical ingredients (APIs). The growing pharmaceutical sector, driven by the increasing prevalence of chronic diseases and the rising demand for medications, significantly contributes to the oleum market's expansion. Furthermore, advancements in pharmaceutical research and development (R&D) and the introduction of new drug formulations are expected to create additional demand for oleum in the coming years.
Moreover, the use of oleum in the manufacture of explosives is also contributing to market growth. Oleum acts as a nitrating agent in the production of nitroglycerin and other explosives. The growing defense sector and increasing mining activities worldwide are boosting the demand for explosives, thereby driving the demand for oleum. The rising focus on safety and the development of more stable and efficient explosive materials are also likely to propel market growth. Additionally, the adoption of oleum in various other industrial applications, including cleaning agents and catalysts, is expected to further drive the market.
The regional outlook for the oleum market indicates significant growth across various regions. The Asia Pacific region is expected to dominate the global market due to the rapid industrialization and increasing chemical manufacturing activities in countries like China and India. North America and Europe are also anticipated to witness substantial growth owing to the robust pharmaceutical and chemical industries. The Middle East & Africa and Latin America regions are projected to experience moderate growth due to the developing industrial sectors and increasing investments in chemical manufacturing.
The oleum market can be segmented based on product type into sulfuric oleum, fuming sulfuric acid, and others. Each product type has specific applications and market dynamics. Sulfuric oleum, which contains a higher concentration of sulfur trioxide, is widely used in the chemical industry for various synthesis processes. The demand for sulfuric oleum is expected to remain high due to its extensive use in the production of chemicals such as sulfuric acid, dyes, and pigments. The growing chemical industry, especially in developing regions, is anticipated to drive the demand for sulfuric oleum.
Fuming sulfuric acid, also known as oleum, with varying concentrations of sulfur trioxide, is another significant product type in the market. It is commonly used as a reagent and catalyst in various chemical reactions, particularly in the pharmaceutical and explosives industries. The increasing need for high-purity chemicals in pharmaceutical manufacturing is expected to boost the demand for fuming sulfuric acid. Additionally, its application in explosives production, driven by the growing defense and mining sectors, is likely to contribute to market growth.
The "others" category includes various formulations and concentrations of oleum that cater to specific industrial needs. These specialized products find applications in niche markets and specific industrial processes. The demand for these products is driven by their unique properties and the specific requirements of various end-use industries. The continuous development of new formulations and the customization of oleum products to meet specific industry needs are expected to create growth opportunities in t
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Global Oleum Acid market size 2025 was XX Million. Oleum Acid Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
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China Exports of sulfuric acid, oleum to Togo was US$65.24 Thousand during 2024, according to the United Nations COMTRADE database on international trade. China Exports of sulfuric acid, oleum to Togo - data, historical chart and statistics - was last updated on August of 2025.
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Discover the latest trends in the sulphuric acid and oleum market and how the demand for these chemicals is expected to grow over the next decade. Market performance projections show a steady increase in consumption, with market volume reaching 138M tons and a market value of $17.2B by 2035.
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The global oleum market is experiencing robust growth, driven by increasing demand from the chemical and fertilizer industries. While the exact market size for 2025 isn't explicitly provided, considering typical CAGR ranges for mature chemical markets (let's assume a conservative CAGR of 5% for illustrative purposes), and a plausible 2025 market size of $10 billion (based on industry benchmarks for similar chemical markets), we can project future growth. This implies significant expansion opportunities for manufacturers and investors. The market is segmented by oleum concentration (20%, 25%, and 30%) and application (chemical industry, fertilizer industry, and other). The chemical industry currently represents the largest application segment, due to oleum's crucial role in various chemical processes. However, the fertilizer industry is projected to show strong growth, driven by rising global food demands and increasing fertilizer production. Geographic segmentation reveals that Asia Pacific, particularly China and India, represent significant market share, fueled by rapid industrialization and economic development. North America and Europe maintain substantial market positions, but growth rates are expected to be more moderate compared to the Asia Pacific region. Key market players like Sumitomo Chemical, Solvay, and PQ Corporation are actively involved in production and distribution, indicating a competitive landscape. The market's growth trajectory is expected to continue over the forecast period (2025-2033), albeit at a potentially slightly slower rate than the initial phase (assuming the initial growth phase has been strong). However, several restraining factors like environmental regulations concerning sulfur dioxide emissions and fluctuating raw material prices (sulfur) could impact growth. The market is likely to witness increased adoption of sustainable manufacturing practices and technological advancements in production processes to enhance efficiency and minimize environmental impact. Further segmentation based on specific applications within the chemical and fertilizer industries could provide even more granular market insights and opportunities. Understanding regional regulatory landscapes and supply chain dynamics is crucial for effective market penetration and long-term success in this sector. This in-depth report provides a comprehensive analysis of the global oleum market, encompassing production, consumption, pricing trends, and future growth projections. We delve into key market segments, competitive dynamics, and regulatory influences impacting this vital chemical sector. The report leverages extensive market research and data analysis, providing actionable insights for stakeholders across the value chain. Keywords: Oleum market, sulfuric acid, fuming sulfuric acid, chemical industry, fertilizer industry, market analysis, market trends, market size, market share, market forecast.
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Learn about the increasing demand for sulphuric acid and oleum in the United States, as market consumption is expected to rise over the next decade. Market performance is projected to expand with a CAGR of +0.1% for the period from 2024 to 2035, reaching a volume of 16M tons and a value of $2.9B (in nominal prices) by the end of 2035.
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The global fuming sulfuric acid market size was valued at approximately USD 450 million in 2023 and is projected to reach around USD 700 million by 2032, growing at a CAGR of 5.2% during the forecast period. This growth can be attributed to increasing demand across various industries such as chemicals, pharmaceuticals, and textiles, coupled with advancements in manufacturing processes.
The fuming sulfuric acid market is experiencing significant growth due to its wide range of applications in various industries. One of the primary growth factors is the rising demand for chemical manufacturing, where fuming sulfuric acid is a critical intermediate for producing other chemicals. The production of chemicals like sulfur trioxide and sulfuric acid from fuming sulfuric acid is essential for a myriad of industrial processes, driving the market upwards. Moreover, the growth of the chemical industry, particularly in emerging economies, is further propelling the demand for fuming sulfuric acid.
Another notable growth factor is the surging demand in the pharmaceutical industry. Fuming sulfuric acid is extensively used in the synthesis of various pharmaceutical compounds, including active pharmaceutical ingredients (APIs). The increasing prevalence of chronic diseases and the ongoing research and development activities in the pharmaceutical sector are bolstering the demand for fuming sulfuric acid. Additionally, the stringent regulations on drug quality and purity are pushing pharmaceutical manufacturers to adopt high-purity chemicals, further driving the market.
The expanding applications of fuming sulfuric acid in the production of explosives, dyes, and pigments are also contributing to market growth. In the explosives industry, fuming sulfuric acid is a key component in the manufacture of nitroglycerine and other explosive compounds. Meanwhile, the growing demand for dyes and pigments in the textile and automotive industries is fueling the need for fuming sulfuric acid, as it is used in the sulfonation processes critical to producing these colorants. The increasing industrial activities and urbanization are further pushing the market demand.
Regionally, Asia Pacific is anticipated to dominate the fuming sulfuric acid market during the forecast period. The rapid industrialization and urbanization in countries like China and India are major contributors to the market growth in this region. The presence of a large number of chemical manufacturing companies and the increasing investments in the pharmaceutical sector are further propelling the demand for fuming sulfuric acid. Moreover, favorable government policies and initiatives to boost industrial growth are contributing to the market expansion in Asia Pacific.
Fuming sulfuric acid is available in various concentrations, with 20% oleum, 30% oleum, and 40% oleum being the most common. The 20% oleum segment holds a significant share of the market due to its wide range of applications in chemical manufacturing and pharmaceuticals. Its relatively lower concentration compared to other variants makes it safer to handle while still being highly effective. The increasing demand for chemical intermediates and the growth of the pharmaceutical industry are driving the demand for 20% oleum.
The 30% oleum segment is also witnessing substantial growth, primarily due to its extensive use in the production of explosives and dyes. The higher concentration of sulfur trioxide in 30% oleum makes it a preferred choice for sulfonation reactions, which are critical in the manufacture of various dyes and pigments. The booming textile industry and the increasing demand for high-quality dyes are fueling the growth of this segment. Additionally, the use of 30% oleum in the synthesis of nitroglycerine and other explosives is contributing to its market demand.
The 40% oleum segment, while smaller compared to the 20% and 30% oleum segments, is growing steadily due to its use in specialized chemical processes. The high concentration of sulfur trioxide in 40% oleum makes it highly reactive and suitable for specific industrial applications. The increasing demand for specialized chemicals in the automotive and electronics industries is driving the market for 40% oleum. Moreover, the stringent environmental regulations and the need for high-efficiency chemical processes are further pushing the demand for this segment.
Other concentrations of fuming sulfuric acid, though less common, are also used in niche applications.
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Global Oleum market size 2025 was XX Million. Oleum Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
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Oleum Acid Market size was valued at USD 3.9 Bln (billion) in 2025 and the revenue is expected to grow at a CAGR of 8.7% from 2025 to 2032
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The French sulphuric acid market amounted to $97M in 2024, rising by 3.7% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Sulphuric acid consumption peaked at $119M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 4.63(USD Billion) |
MARKET SIZE 2024 | 4.79(USD Billion) |
MARKET SIZE 2032 | 6.21(USD Billion) |
SEGMENTS COVERED | Grade ,Application ,End-Use Industry ,Distribution Channel ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Increasing demand for agrochemicals Growth in electronics industry Stringent environmental regulations Fluctuating raw material prices Technological advancements |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | BASF SE ,Tosoh Corporation ,Jinan Haohua Chemical Industry Co., Ltd. ,Hubei Xingfa Chemicals Group Co., Ltd. ,Hubei Sanning Chemical Co., Ltd. ,Prayon Group ,Guizhou Huaxing Chemical Co., Ltd. ,Zhejiang Boda Chemical Co., Ltd. ,Sichuan Shuangma Chemical Industry Co., Ltd. ,Sichuan Hebang Chemicals Co., Ltd. ,Zhejiang Huayi Chemical Co., Ltd. ,China National Bluestar (Group) Co., Ltd. ,Albemarle Corporation ,Kakinada Special Economic Zone |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Electrical and electronics industry expansion Growing demand in wastewater treatment Increase in automotive production Rising demand in pharmaceuticals manufacturing Expansion of the metal processing industry |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.3% (2024 - 2032) |
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Gain in-depth insights into Oleum Market Report from Market Research Intellect, valued at USD 1.5 billion in 2024, and projected to grow to USD 2.3 billion by 2033 with a CAGR of 6.2% from 2026 to 2033.
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In 2024, the Estonian sulphuric acid market decreased by -13.1% to $385K, falling for the second year in a row after three years of growth. In general, consumption recorded a mild shrinkage. Sulphuric acid consumption peaked at $716K in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.
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Get the latest insights on price movement and trend analysis of Oleum in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).