Sulfur Market Size, Trends & Forecast (2019 - 2025)
According to the latest reports published by Research Cosmos, Sulfur Market is expected to xx kilo metric tons by 2025 growing at a CAGR of xx% during the forecast period 2019 - 2025.
The rising demand from the fertilizer manufacturing sector serve as one of the major factors driving the growth of the global sulfur market. Increasing usage of sulfur for the vulcanization of rubber has also hugely attributed to the growth of the market.
Sulfur is considered as a fourth macronutrient along with nitrogen, phosphorus, and potassium in the agriculture industry. Sulfur has various functions in plants. Some of these major roles are the synthesis of proteins and chlorophyll formation. It is also essential in the synthesis of oils, especially in oil crops, and is an active component in the metabolism of nitrogen. Due to emission controls in the past ten years, sulfur deposition has dropped below the requirement for many crops, especially in Western Europe. Hence, the increase in oilseed rape production, used for biofuels, has resulted in an increased demand for sulfur fertilizers, which is used to counter the risk of sulfur deficiency.
This research report includes following segmentation for the Sulfur Market:
Sulfur Market – By End User
- Chemical Processing
- Metal Manufacturing
- Rubber Processing
On the basis of End-user, the chemicals processing segment dominates the demand for the sulfur market. However, rubber processing is expected to have the fastest CAGR during the forecast period. Sulfur is used in the vulcanization of rubber. Sulfur, by itself, is a slow vulcanizing agent and does not vulcanize synthetic polyolefins. Sulfur is added during the manufacturing process to make the rubber hard and to prevent it from melting during warmer temperatures. The growing application in various industries such as automotive, aerospace, metal forming, composite manufacturing, circuit board manufacturing, energy applications, and others, rubber production is increasing through the years. Hence, while the production of rubber is increasing, the demand for sulfur is simultaneously increasing, for use during the production process.
Sulfur Market – By Region
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa
Regionally, Asia-Pacific dominates the demand for the sulfur market and is also expected to register the highest growth during the forecast period. In the region, China serves as the largest market for sulfur. China is the leading global producer of Sulfur in all forms. China is the world’s leading producer of pyrites, more than 50% of its Sulfur in all forms coming from that source. The country is also the leading sulfur importer representing about 35% of the global imports, the bulk of which is used to manufacture sulfuric acid. The demand for sulfur in the country is majorly driven by end-user industries, including chemical processing, fertilizer, and rubber processing industries.
Some of the promising companies leading the Sulfur Market are:
- Abu Dhabi National Oil Company
- Chemtrade Logistics
- Marathon Petroleum Company LLC
- National Est. for Agricultural and Industrial Sulfur
- OAO Gazprom
- Oxbow Carbon LLC
- PVS Chemicals Inc.
- Qatar Petroleum For The Sale Of Petroleum Products Company Limited
- Royal Dutch Shell PLC
- Sinopec Corp.
- Tengizchevroil LLP
- The Saudi Arabian Oil Company
- Valero Energy Corporation