USD 106.5 billion
Europe Oleum Market Size, Share, and Growth Analysis
Europe Oleum Market By Oleum Strength (<10% SO3, 20% SO3), By Country - Industry Forecast 2025-2032
Report ID:
SQMIR15B2122 |
Region:
Regional |
Published Date: January, 2025
Pages:
165
|Tables:
38
|Figures:
64
Format -
Europe Oleum Market Insights
Europe Oleum Market size was valued at USD 106.5 billion in 2023 and is poised to grow from USD 110.97 billion in 2024 to USD 154.23 billion by 2032, growing at a CAGR of 4.2% during the forecast period (2025-2032).
The Europe Oleum market is picking up pace, driven by a combination of strategic investments, changes in application structure, and strong overseas trade. Some of the major developments that are shaping the market landscape of this region entail the commitment it has toward industrial innovation and sustainability. Strategic investments in increasing production capability boost the European oleum market. For instance, the commissioning of a new 3,000-ton oleum tank at WeylChem's Bilbao site in Germany with a USD 2.17 million investment signifies a commitment to expanding production infrastructure, ensuring a stable and efficient supply chain.
The chemical industry is said to be the primary driver for this market in this region due to demand for sulphuric acid, especially in the production of fertilizers, chemicals, explosives and batteries. The redevelopment of Glencore's lead-zinc smelting facility in Italy into Europe's largest battery-recycling plant is a notable trend. With an investment of USD 200 million, the project aims to utilize oleum for leaching processes to extract lithium, nickel, and cobalt chemicals. This reflects the dynamic shift in applications, aligning oleum with emerging technologies and sustainability goals. Therefore, ongoing innovations in technology and sustainability practices will give a huge push to this market in the upcoming future.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
25% SO3
Fastest Growth
30% SO3
Growth Rate
4.2% CAGR
Europe Oleum Market ($ Mn)
Country Share for Europe Region (%)
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Europe Oleum Market Segments Analysis
Europe Oleum Market is segmented by Oleum Strength and Country. Based on Oleum Strength, the market is segmented into <10% SO3, 20% SO3, 25% SO3, 30% SO3 and 60% SO3 & Above. Based on Country, the market is segmented into Germany, France, UK, Italy, Spain, and Rest of Europe.
Analysis By Oleum Strength
Based on oleum strength the market is segmented into <10% SO3, 20% SO3, 25% SO3, 30% SO3, and >60% SO3.
Among these various oleum strengths, 25% SO3 is dominating the market share with more than 35% of the market revenue share. In 2023, the 25% SO3 segment leads with USD 37.66 million in revenue, while in 2031, it maintains its lead at USD 53.32 million. 25% Oleum is widely used to produce surface-active agents. The 25% S03 concentration is suitable for a wide range of industrial applications as it offers a balance between reactivity and safety. It is also used in the manufacture of organic sulfonates, detergents and lubricants, leading to its dominance in the market.
On the other hand, the 30% SO3 segment closely follows the leading segment with valuation of USD 35.49 million in 2023 and USD 49.88 million in 2031. These two segments together account for about two-third share of the Europe Oleum market., 30% SO3 is highly suitable intermediate to convert into sulphuric acid, thus its demand is higher in the region. Various industries like petrochemicals, pharma sector and fertilizers prefer the 30% S03 oleum strength due to its efficiency as a catalyst in chemical synthesis as well as in different chemical processes such as nitration and sulfonation.
Europe Oleum Market By Oleum Strength
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Europe Oleum Market Regional Insights
Based on region, the market is segmented into Germany, France, UK, Italy, Spain, Belgium, Denmark, Greece, Netherlands, Poland, and Rest of Europe. Among these, the Germany market is projected to hold the most substantial share of 17.83% in the Europe market in 2031, on value-basis. In 2023, Germany leads the market demand, accounting for a market revenue of USD 18.03 million. By 2031, the country's market is projected to reach USD 26.39 million, therefore making it the fastest growing region as well. The growth in Germany could be attributed to significant investments being done by German Oleum manufacturers for development of Sulfur-based products economy This region is also home to the most advanced and the largest chemical industries in the world along with several leading chemical industries and global leader such BASF SE.
As of 2023, France stands as a the second-largest player in the Oleum market with a substantial market value of USD 16.21 million. It is projected with a CAGR of 4.5% from 2024 to 2031. The 25% SO3 segment accounted for a revenue of USD 5.76 million in 2023 and is projected to grow at a CAGR of 4.8% during the forecast period, to reach the market size of USD 8.40 million in 2031 in this region. As the region is ongoing a significant change and expansion in industrial sectors, especially in chemicals, pharmaceuticals and manufacturing, the demand for oleum is also increasing. The economic recovery post-pandemic through governmental investments is pushing the growth in various sectors to use oleum.
Europe Oleum Market By Region
- Largest
- Fastest
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Europe Oleum Market Dynamics
Driver
Rise in Demand of Sulfonation Process Expected to Propel the Growth of Market:
- Oleum is often employed in the sulfonation of organic compounds. The demand for specialty surfactants in cleaning products and industrial processes contributes to the growth of the Europe oleum market. As consumer preferences for specialized and effective cleaning solutions evolve, the demand for oleum in this application is likely to increase in Europe. The production of sulphuric acid & oleum is continuously rising in Europe. For instance, according to Observatory of Economic Complexity (a online data visualization and distribution platform focused on the geography and dynamics of economic activities) report, in 2021, Germany exported $112M in Sulphuric acid, oleum, making it the 5th largest exporter of sulphuric acid, oleum in the world. At the same year, sulphuric acid, oleum was the 1570th most exported product in Germany.
Rise in Use of Oleum in Fertilizers Drives the Growth of The Europe Oleum Market:
- The sulfuric acid, a derivative of oleum, plays a role in fertilizer production. Especially in Production of phosphate fertilizers. Phosphate fertilizers are essential for providing plants with phosphorus, a vital nutrient necessary for their growth and development. About 90% of European fertilizer production relies on phosphoric acid, which uses sulfuric acid in its manufacturing process. For instance, according to the Eurostat statistics report, in 2023 the number of mineral fertilizers i.e., nitrogen (N) and phosphorus (P), used in agricultural production in the European Union was 10.9 million tones in 2021. The rise in use of sulfuric acid (produced by oleum) in fertilizers increases the demand of oleum and boost the growth of Europe oleum market.
Restraint
Global Competition Act as a Key Restraining Factor for Market
- The European oleum market faces stiff competition from players across the globe. European oleum producers may face challenges in accessing certain markets due to regulatory barriers, trade restrictions, or competition from well-established suppliers in other regions. Export challenges can impact the growth potential of the European oleum market. The lower production costs in regions like Asia and the Middle East allow competitors to offer oleum at lower prices, making it challenging for European producers to compete. This puts pressure on profit margins and market share within Europe. Based on Skyquest’s in-depth study underscores that competitive pricing and potentially faster delivery times from non-European players can attract customers, leading to a shift in demand away from European producers. The global competition is the major restraining factor for Europe oleum market.
The Costs and Logistical Hurdles Associated with Europe Oleum Can Pose Significant Restraints for Market
- The Europe oleum market faces a notable challenge with the environmental impact of oleum production. European governments are introducing strict norms to reduce air and water pollution. According to Solvay S.A., a Belgium based chemical company, oleum is consumed in industrial manufacturing processes and re-used. Oleum can make its way into the environment through unintentional releases and industrial or consumer discharges into the upper atmosphere, oleum exists as sulfuric acid particles which will dissolve in clouds, fog, rain, or snow, resulting in acid rain. Skyquest’s study also reveals that there is growing public concern about the environmental impact of the chemical industry. This puts European producers under pressure to comply with increasingly stringent environmental regulations, requiring costly upgrades to production processes and waste management systems and they need to invest in cleaner production technologies and waste management practices to comply with these regulations. Therefore, the environmental impact of oleum may pose a significant challenge for the Europe oleum market.
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Europe Oleum Market Competitive Landscape
Based on Skyquest's in-depth analysis of the Europe oleum market is a highly consolidated market. The market is notably distributed among a few major players, each contributing to its unique share. Geographic expansion is one of the pivotal strategies frequently employed by key market players in the market to capitalize on emerging opportunities and meet growing demand in different regions. Mergers and acquisitions also serve as a strategic avenue used by the market players to strengthen their market presence, enhance capabilities, and achieve synergies. For Instance, In May 2022, WeylChem Group executed a significant acquisition by obtaining INEOS Sulphur Chemicals Spain S.L.U., a merchant manufacturer of sulfuric acid in Spain, from INEOS Enterprises. This strategic move aimed to complement WeylChem Group's existing sulfuric acid production facility in northern France.
Top Players in Europe Oleum Market
- BASF SE (Germany)
- Solvay SA (Belgium)
- Orlen SA (Poland)
- Grupa Azoty SA/
- Grilla-Werke AG (Germany)
- Lanxess AG (Germany)
- Bige Holding (Hungary)
- Marchi Industrial (Italy)
- Weylchem Group (Germany)
- Nuova Solmine (Italy)
Recent Developments
- In March 2023, WeylChem Group of Companies has assigned a new 3,000-ton oleum tank at its Bilbao site. The company acquired additional space on the port site to achieve the expanded tank capacity with optimal safety precautions for people and the environment. This tank gives us the flexibility we need to further expand our oleum business.
- In May 2022, WeylChem Group acquired INEOS Sulphur Chemicals Spain S.L.U., the top merchant manufacturer of sulfuric acid in Spain, from INEOS Enterprises as an addition to its current sulfuric acid factory in northern France. In the future, the business will be known as WeylChem Bilbao S.L.U.
Europe Oleum Key Market Trends
- Increasing Industrialization in Europe Provides Lucrative Opportunities: Oleum, or fuming sulfuric acid, is used in various industrial processes. As industrialization increases, there is likely to be a growing demand for oleum in sectors such as chemical manufacturing, metal processing, and other industries where strong acids are required. The growth of industrialization can lead to an increased demand for specialty chemicals. Oleum, with its versatile applications in specialty chemical synthesis. This can be significant factors driving oleum adoption and drives the growth of market during forecast period. Oleum is also heavily used in the production of surfactants and detergents, and the demand for these products tends to grow with industrialization.
Europe Oleum Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the Europe oleum market is witnessing rapid growth driven by several key factors. The 25% SO3 segment leads the oleum strength category, driven by its low-cost, versatility, and ease in application in various industries. Closely followed by the 30% SO3 oleum concentration. Germany is not only the largest market for Oleum in Europe, but also is the fastest growing market in the region. This dominance and growth could be attributed to the presence of key chemical manufacturing companies in the country, including BASF. On the other hand, France have heavily invested in development of their chemical and pharmaceutical industries, which make it the next fastest growing countries in the Europe Oleum Market. Companies operating in the market are heavily invested in the development of unique concentration of oleums suitable for reaction in varied end-use industries. Also, companies are seeking sustainable oleum production technologies to differentiate their offerings from the competition and allure the chemical manufacturers seeking sustainable raw materials. In conclusion, the Europe oleum market is poised for robust growth, propelled by growing demand for phosphate fertilizers for ensuring food safety, rising demand for active ingredients in surface cleaning agents, and expanding oleum demand from the local pharmaceutical industry.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 106.5 billion |
| Market size value in 2032 | USD 154.23 billion |
| Growth Rate | 4.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Europe Oleum Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Europe Oleum Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Europe Oleum Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe Oleum Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Oleum Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe Oleum Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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