Sulfur Market Size is Anticipated to Hit US$ 17.13 Billion by 2030
The global sulfur market size is predicted to hit around US$ 17.13 billion by 2030, growing at a CAGR of 3% from 2021 to 2030.
In 2022, the sulfur market study provides crucial information on market share, market size, growth rate analysis Y-O-Y, production, consumption, and sales analysis for the forecast period 2021 to 2030. The report contains 150+ pages with detailed analysis.
Sulfur is solid non-metal having chemical symbol ‘S’. Naturally occurring sulfur is pale yellow in color and poor conductor of heat. Additionally, it is insoluble in the water and exists in two major crystalline forms including monoclinic sulfur and rhombic sulfur. It is odorless, colorless element with less conductor of electricity. Sulfur primarily occurs in the solid state typically at the 20°C and is the widely used chemical in commercial sectors. Sulfur is used as basic raw material in the manufacturing of match sticks, fungicides, insecticides, detergents, batteries, and black gunpowder. Sulfur plays vital role in the vulcanization of black rubber. Sulfur dioxide as well as sulfuric acids is also produced from the sulfur. The demand for the sulfur is growing across the globe in order to produce fertilizers. Key fertilizer which is used in preventing soil erosion as well as nutrient runoff is calcium sulfate, which is broadly produced from sulfur. However, it can effect on human health such as behavioral changes, heart damage, and neurological effects, among others.
The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The sulfur report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.
|Market Size||USD 17.13 Billion by 2030|
|Growth Rate||CAGR of 3% From 2021 to 2030|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2030|
|Segments Covered||End User|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
Increasing adoption of the sulfur in agriculture industry for the manufacturing of fertilizers is major factor driving growth of the global sulfur market. In addition to this, growing demand for the sulfur based chemical elements in the commercial industries including pharmaceutical, chemical, and rubber industry is anticipated to fuel growth of the target industry over the forecast period. Calcium sulphate is fertilizer know to prevent the soil erosion and sulfur is largely used in the production of calcium sulphate owing to its cost-effectiveness. This is among major factors projected to augment growth of the global market in the next few years.
However, harmful effects to the sulfur on human health, coupled with high costs associated with extraction of sulfur are expected to hinder growth of the target market during the forecast time frame. Nevertheless, emerging applications of sulfur is anticipated to create potential opportunities for the growth of the target market. Countries in the Asia Pacific region are focusing on the agricultural growth and intern the demand and production of the sulfur is anticipated to increase in the near future and boost the market growth in the near future.
The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, Asia Pacific dominated the global market with a market share of more than 30%. Chin is presented the highest share in the Asia Pacific region primarily due to increasing energy production, along with the favorable government policies for the sulfur production in the region. Further increasing adoption of sulfur based fertilizers and presence of key companies in the country are other important factors to contribute the high market share of the Asia Pacific over the forecast period. Further North America is an important market in the sulfur.
The growth of the sulfur industry in the countries of the North America is attributed to growing adoption of the sulfurs in the various end use applications such as phosphate fertilizers, various chemical elements, and rubber, among others in the United States and Canada. North America anticipated growing at the maximum CAGR in the forecast period due increasing investments in agricultural activities, coupled with rising production of vulcanized rubber in the countries of the region especially in the United States. Also, increased deficiency of the sulfur, in the soils is another factor expected to fuel growth of the sulfur industry in the developed as well as emerging economies across the globe. Further, strict regulations by the regulatory bodies for the sulfur emission regulations can have positive impact on the target industry growth in the future. Latin America and the African and Middle Eastern region will show perceptible growth over the forecast period owing to growing preferences for the production of high-quality crops in the regions.
The sulfur market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.
Some of the prominent players in the sulfur market include:
- Abu Dhabi National Oil Company
- Royal Dutch Shell PLC
- Gulf Sulphur Services Ltd., LLLP
- Merafe Resources Ltd.
- Enersul Limited Partnership
- China Petroleum & Chemical Corporation
- Chemtrade Logistics Inc.
- Ohio Sulphur Mining Company
- Freeport-McMoRan Sulphur L.L.C.
- Marathon Petroleum Corporation
By End-use Industry
- Chemical Processing
- Metal Manufacturing
- Rubber Processing
- North America (U.S. and Canada)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
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Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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