Europe Oleum Market Size

SkyQuest Technology's Europe oleum market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Europe Oleum Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

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.

Europe Oleum Market Report Snapshots

REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?

REQUEST FREE CUSTOMIZATION

FAQs

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. '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) '

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.

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.

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.

Europe Oleum Market Size

Europe Oleum Market Insights

Europe Oleum Market Report Snapshots

FAQs

What is the global market size of Europe Oleum Market?

Who are the key vendors in the Europe Oleum Market?

What is the key driver of Europe Oleum Market?

What is the key market trend for Europe Oleum Market?

Which region accounted for the largest share in Europe Oleum Market?

Request Free Customization