MarketResearch.biz announces publication of its most recently generated research report titled, “Southeast Asia, China and India Sulphur Market by Form (Sulfuric Acid and Other Forms), Industry Vertical (Fertilizers, Metal Processing, Rubber Processing, and Other Industry Verticals), and Region – Southeast Asia, China and India Forecast between 2021 and 2030.”, which offers a holistic view of the Southeast Asia, China and India Sulphur market through systematic segmentation that covers every aspect of the target market. Organic farming is increasingly gaining popularity globally due to growing awareness regarding harmful effects of chemical fertilizers. Various organic farming methods and techniques prescribe natural fertilizers over chemical fertilizers. This factor is expected to restrict the growth of sulphur chemicals as fertilizers.
Sulphur is a yellow crystalline non-metal available abundantly in nature. Pure sulphur is odorless, tasteless, and insoluble in water. It is generally obtained as a by-product from petroleum and natural gas production. It can also be mined from earth that is present in the form of sulphides or sulphate minerals such as galena (lead sulphide), pyrite (iron sulphide), chalcolite (copper sulphide), spharelite (zinc sulphide). It is also known as brimstone.
Southeast Asia, China and India Sulphur Market: Market Dynamics
Sulphur is an essential plant nutrient required for overall growth and development for all crops without any exceptions. It performs oil synthesis, activation of enzymes, protein production, improves nutritional profile of edible crops, marketability of cash crops, and increases crop yield. Derivatives of sulphur such as calcium sulphate aids in aeration, infiltrations, improvement of soil profile, and prevent soil erosion. This factor is expected to boost sulphur’s demand from the agriculture sector across the globe, thereby contributing positively to the growth of the target market.
- Global annual demand for sulfur amounts to somewhere between 64 million tons and 65 million tons. China accounts for just under 30% of total demand. While, the overall fertilizer consumption in India has grown from 50.6 MMT in FY2009 to 61.4 MMT in FY2020. In FY2020, the primary sales volumes for fertilizers grew at a moderate rate of 6.0% to 61.4 MMT in FY2020 from 57.8 MMT in FY2019, following a healthy monsoon season.
Southeast Asian countries such as Indonesia, Vietnam, and Thailand are major cash crop producers, including oil palm, rubber, and sugarcane, which commands 95% of ASEAN fertilizer demand. Increasingly expanding plantation across ASEAN countries is expected to significantly propel the sulphur market’s growth in Southeast Asian region.
The COVID-19 pandemic has had an unfavorable impact on the sulphur market. It has affected the production activities and has disrupted the supply chain across the globe. Majority of the market share is commanded by China, which was the epicenter of the pandemic. The market was severely affected during the peak outspread period. Demand from end-use industries slowed as operations were halted or redacted in China and Southeast Asian countries. With countries opening up the economies, the market is expected to slowly limp back to normalcy.
Southeast Asia, China and India Sulphur Market: Market Forecast
The comprehensive research report comprises a complete forecast of the Southeast Asia, China and India Sulphur market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the Southeast Asia, China and India Sulphur market is estimated to expand at a moderate CAGR of 3.9% during the forecast period.
Southeast Asia, China and India Sulphur Market: Segmental Snapshot
The market report has been segmented on the basis of form, industry vertical, and region. The type segment includes Sulfuric Acid and Other Forms. The industry vertical segment includes Fertilizers, Metal Processing, Rubber Processing and Other Industry Verticals. The country covered in the analysis are China, India, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam and Rest of Southeast Asia.
By Type: The sulfuric acid segment is expected to register a highest CAGR of over 4.1%, thereby accounting for highest revenue share among the type segments.
By Application: The fertilizers segment is expected to register a CAGR of over 4.8% over the forecast period. The segment is anticipated to hold more than 50% of market share in globally.
By Country: The market in China accounted for highest revenue share in the Southeast Asia, China and India Sulphur market in overall forecast period, and is estimated to hold more than 1/3rd of the market share
Southeast Asia, China and India Sulphur Market: Competitive Analysis
The research report on the Southeast Asia, China and India Sulphur market includes profiles of major companies such as Jiangxi Copper Industry Group Co., Ltd., Coromandel International Limited, China Sunsine Chemical Holdings Limited., Shandong Yanggu Huatai Chemical Co., Ltd., The Siam Chemical Public Co. Ltd, South Pacific Chemical Industries, Henan Luoran Co., Ltd., Aries Agro Ltd., Rongcheng Chemical General Factory Co., Ltd., H Sulphur Corp., Wuxi Huasheng Rubber Technical Co. Ltd., Sahapaisal Industry Company Limited, ISKY Chemicals Co., Ltd., Shandong Yuyuan Group Co., Henan Kailun Chemical Co., Ltd., Chemical Industries of the Philippines, Inc., Jiangsu Mingsheng Chemical Co., Ltd., Jaishil Sulphur & Chemical Industries, Maruti Corporation
The Southeast Asia, China and India Sulphur Market: Southeast Asia, China and India Industry, Size, Share, Growth, Trends, and Forecast, 2021–2030 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the Southeast Asia, China and India Sulphur Market for 2020–2030.
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