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: ETC074564 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Thailand Sulphuric Acid Market |
Forecast period | 2025-2031 |
CAGR | 2.2% |
Growing Sector | Fertilizer production |
The Thailand Sulphuric Acid Market report thoroughly covers the market by Raw Material, and by Applications. The market 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.
The Thailand Sulphuric Acid Market is growing, driven by the increasing demand for diverse applications in various sectors, and the influence of industrial growth. This market includes different types of Sulphuric Acid, catering to industries such as fertilizers, chemical manufacturing, metal processing, petroleum refining, textile, automotive, paper & pulp. As the Thai economy continues to progress, the sulphuric acid industry has become a significant part of both local and international markets, supporting various industries with innovative and resourceful solutions.
According to 6Wresearch, the Thailand Sulphuric Acid Market revenue is projected to grow at a significant CAGR of 2.2% during the forecast period 2025-2031. The Sulphuric Acid market in Thailand is expanding due to increasing demand across various applications, driven by the need for resourceful, efficient, and versatile solutions. Advances in manufacturing and technology, coupled with the need for durable and adaptable solutions, are shaping the industry. As industries seek diverse and reliable options, the demand for different types of Sulphuric Acid continues to rise, emphasizing the importance of ongoing innovation to meet evolving needs and stay aligned with market trends, further boosting Thailand's Sulphuric Acid Market growth.
Despite growth, challenges remain, including the need to maintain high performance standards, address diverse requirements, and manage complex operational and production costs. Additionally, concerns about environmental impact and the necessity for sustainable materials may influence market growth.
The sulphuric acid market in Thailand is experiencing notable growth, fueled by industrialization, increased production capacities, and environment-conscious consumer preferences. Sulphuric Acid is particularly in demand for its versatile and efficient characteristics, especially in industrial centers. Key features such as high reactivity, corrosion resistance, and enhanced durability reflect a growing industry interest in quality and functionality over traditional materials.
Production Technologies: The rise of advanced production technologies, particularly post-pandemic, offers significant growth opportunities. Enhancing production processes with efficient systems, sustainable practices, and diverse application options can capture the growing industry needs.
In Thailand’s sulphuric acid market, leading players include both international and local companies catering to diverse industrial applications. Prominent international players such as BASF SE, DuPont, and The Mosaic Company dominate the market, offering high-quality and innovative products. Meanwhile, local companies such as Thai Central Chemical Public Company Limited and Bangkok Synthetics Co., Ltd., are gaining traction by focusing on localized solutions and adhering to strict environmental standards. These players aim to provide efficient, sustainable, and cost-effective solutions to meet industry demands.
The Thailand sulphuric acid market is heavily influenced by government regulations designed to ensure environmental safety and industrial efficiency. One key regulation is the strict monitoring of emissions during production and transportation processes to minimize environmental pollution. The government enforces limits on sulfur dioxide emissions and requires industries to adopt cleaner technologies to comply with these standards. Additionally, the import and export of sulphuric acid are regulated to avoid oversupply or shortages in the domestic market, ensuring balanced trade and sustainable market growth. These regulations aim to strike a balance between industrial development and environmental preservation.
The future of Thailand sulphuric acid industry appears promising, with steady growth driven by industrialization, agricultural expansion, and the adoption of sustainable practices. As industries place greater emphasis on efficiency and eco-friendly solutions, opportunities for growth are expected to expand. Evolving technologies in production and application will further strengthen the market’s ability to adapt to emerging demands. Additionally, government support for sustainability initiatives and the growing importance of localized production are likely to enhance the market’s prospects.
The report offers a comprehensive study of the subsequent market segments and their leading categories
According to Ravi Bhandari, Research Head, 6Wresearch, the Elemental sulfur sector is projected to dominate due to its high-volume demand. However, other raw material sectors such as base metal smelters and pyrite ore are also expected to grow due to their increasing usage in diverse applications.
In Thailand’s sulphuric acid market, the fertilizer segment dominates. This is due to high industry preference for sustainable and efficient production, supported by advancements in the use of sulphuric acid.
The market report has been segmented and sub segmented into the following categories:
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 Thailand Sulphuric Acid Market Overview |
3.1 Thailand Sulphuric Acid Market Revenues & Volume, 2021 - 2031F |
3.2 Thailand Sulphuric Acid Market - Industry Life Cycle |
3.3 Thailand Sulphuric Acid Market - Porter's Five Forces |
3.4 Thailand Sulphuric Acid Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.5 Thailand Sulphuric Acid Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Thailand Sulphuric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Sulphuric Acid Market Trends |
6 Thailand Sulphuric Acid Market, By Types |
6.1 Thailand Sulphuric Acid Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Thailand Sulphuric Acid Market Revenues & Volume, By Raw Material, 2021 - 2031F |
6.1.3 Thailand Sulphuric Acid Market Revenues & Volume, By Elemental sulfur, 2021 - 2031F |
6.1.4 Thailand Sulphuric Acid Market Revenues & Volume, By Base metal smelters, 2021 - 2031F |
6.1.5 Thailand Sulphuric Acid Market Revenues & Volume, By Pyrite ore, 2021 - 2031F |
6.1.6 Thailand Sulphuric Acid Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Thailand Sulphuric Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Thailand Sulphuric Acid Market Revenues & Volume, By Fertilizers, 2021 - 2031F |
6.2.3 Thailand Sulphuric Acid Market Revenues & Volume, By Chemical manufacturing, 2021 - 2031F |
6.2.4 Thailand Sulphuric Acid Market Revenues & Volume, By Metal processing, 2021 - 2031F |
6.2.5 Thailand Sulphuric Acid Market Revenues & Volume, By Petroleum refining, 2021 - 2031F |
6.2.6 Thailand Sulphuric Acid Market Revenues & Volume, By Textile industry, 2021 - 2031F |
6.2.7 Thailand Sulphuric Acid Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.8 Thailand Sulphuric Acid Market Revenues & Volume, By Others, 2021 - 2031F |
6.2.9 Thailand Sulphuric Acid Market Revenues & Volume, By Others, 2021 - 2031F |
7 Thailand Sulphuric Acid Market Import-Export Trade Statistics |
7.1 Thailand Sulphuric Acid Market Export to Major Countries |
7.2 Thailand Sulphuric Acid Market Imports from Major Countries |
8 Thailand Sulphuric Acid Market Key Performance Indicators |
9 Thailand Sulphuric Acid Market - Opportunity Assessment |
9.1 Thailand Sulphuric Acid Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Thailand Sulphuric Acid Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Thailand Sulphuric Acid Market - Competitive Landscape |
10.1 Thailand Sulphuric Acid Market Revenue Share, By Companies, 2024 |
10.2 Thailand Sulphuric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |