Philippines Oleum Market (2025-2031) Outlook | Growth, Analysis, Revenue, Size, Value, Trends, Share, Forecast, Industry & Companies

Philippines Oleum Market Synopsis

Oleum is a concentrated form of sulfuric acid that is used as an intermediate in the production of industrial chemicals and pharmaceuticals. It is also used extensively in the petrochemical industry, for example to produce hydrofluoric acid. In the Philippines, oleum demand has been increasing over recent years due to strong growth in the manufacturing sector. According to 6Wresearch, the market size for oleum stood at USD 1.14 million in 2025 and is expected to register a CAGR of 6%.

Drivers of the market

The Philippines oleum market is driven by the chemical industry`s demand for sulfuric acid with elevated concentrations, commonly known as oleum. Oleum finds applications in diverse industrial processes, including petrochemicals, pharmaceuticals, and agrochemicals. The growth of these industries, along with infrastructure development and urbanization, fuels the need for oleum as a key raw material, reflecting the market`s dependence on the country`s industrial expansion.

Challenges of the market

The Philippines oleum market, involving the production and use of sulfuric acid with excess sulfur trioxide, could face challenges related to safety, handling, and environmental considerations. Oleum is a highly corrosive substance with multiple industrial applications, including the production of detergents and chemicals. Ensuring proper storage, transportation, and usage of oleum is critical to prevent accidents and protect workers` health. Additionally, the responsible disposal of waste products and byproducts generated during oleum production requires compliance with environmental regulations to minimize pollution risks.

Covid-19 Impact of the market

The Philippines oleum market experienced challenges brought about by the COVID-19 pandemic. Oleum, also known as fuming sulfuric acid, is used in various chemical and industrial applications. The disruptions in manufacturing activities, reduced demand for industrial chemicals, and supply chain constraints influenced the demand for oleum. Industries that rely on oleum for their processes faced temporary slowdowns. However, as industries gradually recover and invest in chemical processes, the oleum market is expected to rebound. The market`s revival will be driven by the resumption of industrial activities and the need for specialized chemicals.

Key Players of the market

The Philippines oleum market, involving concentrated sulfuric acid, feature significant players like Philippine Phosphate Fertilizer Corporation. This company produces various chemicals, including oleum, for industrial use. Another key participant might be Chemrez Technologies, contributing to the market by offering sulfuric acid and related products, shaping the availability of oleum in the country.

Key Highlights of the Report:

• Philippines Oleum Market Outlook
• Market Size of Philippines Oleum Market, 2024
• Forecast of Philippines Oleum Market, 2031
• Historical Data and Forecast of Philippines Oleum Revenues & Volume for the Period 2021-2031
• Philippines Oleum Market Trend Evolution
• Philippines Oleum Market Drivers and Challenges
• Philippines Oleum Price Trends
• Philippines Oleum Porter's Five Forces
• Philippines Oleum Industry Life Cycle
• Historical Data and Forecast of Philippines Oleum Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of Philippines Oleum Market Revenues & Volume By 20% Oleum for the Period 2021-2031
• Historical Data and Forecast of Philippines Oleum Market Revenues & Volume By 25% Oleum for the Period 2021-2031
• Historical Data and Forecast of Philippines Oleum Market Revenues & Volume By 30% Oleum for the Period 2021-2031
• Historical Data and Forecast of Philippines Oleum Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Philippines Oleum Market Revenues & Volume By Chemical Industry for the Period 2021-2031
• Historical Data and Forecast of Philippines Oleum Market Revenues & Volume By Fertilizer Industry for the Period 2021-2031
• Historical Data and Forecast of Philippines Oleum Market Revenues & Volume By Others for the Period 2021-2031
• Philippines Oleum Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Philippines Oleum Top Companies Market Share
• Philippines Oleum Competitive Benchmarking By Technical and Operational Parameters
• Philippines Oleum Company Profiles
• Philippines Oleum Key Strategic Recommendations