Southeast Asia, China and India Sulphur Market by Form (Sulfuric Acid and Other Forms), By Industry Verticals (Fertilizers, Metal Processing, Rubber Processing and Other Industry Verticals), and by Country - Global Forecast 2030

Market.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), By Industry Verticals (Fertilizers, Metal Processing, Rubber Processing and Other Industry Verticals), and by Country (China, India, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam and Rest of Southeast Asia)”, 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.

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The Southeast Asia, China and India Sulphur Market is projected to be US$ 4298.7 Mn in 2020 to reach US$ 6,271.3 Mn by 2030 at a CAGR of 3.9%.

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. Sulphur is found in volcanic regions and salt domes; however, commercial mining is not feasible at such locations. Around 90% of extracted sulphur is used to produce sulphur dioxide, which is further converted into sulphuric acid. Sulphur and its derivatives have a wide range of applications in pharmaceuticals, metal processing, chemical processing, rubber processing, fertilizers, etc.

Southeast Asia, China and India sulphur market is segmented based on form, industry vertical, and country. Sulphuric acid is expected to command majority of the market share among all the forms of sulphur. The fertilizer industry is expected to register highest revenue growth among the industry verticals of sulphur over the forecast period. China holds majority of the market share among the targeted countries, followed by Indonesia with a vast margin.

The Sulphur Institute of China, in collaboration with Chinese research institutes, conducts R&D programs in China to promote S fertilizer. The study has so far proved the benefits of sulphur fertilization in boosting production, quality, yield, and income from agriculture. Increasing emphasis of Chinese agricultural policies on promoting cash crops that have higher demand for S fertilizer is expected to be beneficial for the target market.

Southeast Asia, China and India Sulphur Market Revenue (US$ Mn), 2020–2030

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, improve 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 Asia, China and India Sulphur Market Attractiveness Analysis by Industry Vertical, 2014–2030

Sulphur is the most common agent used in vulcanization of rubber. Thailand is the largest producer of rubber, followed by Indonesia and Vietnam. The demand for rubber from automotive, transportation, and other end-use sectors is growing, supported by the increasing consumption. Growing demand for rubber translates into need for more production and inadvertently requirement of sulphur. This factor is expected to extensively aid the growth of sulphur market.

• As of 2019, Thailand's natural rubber production amounted to 4.85 million metric tons. In second place is Indonesia, with 2019 production amounting to 3.3 million metric tons.

The energy production in China has been significantly rising in the oil and gas sector, leading to a boost in domestic sulphur recovery. Claus process is used for desulphurization of hydrocarbon fuels to obtain valuable by-product Sulphur. Developments in the oil & gas extraction in Sichuan province have led to a significant increase in sulphur production capacity in China

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 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.

The research report on Southeast Asia, China and India Sulphur Market includes profiles of some of the 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 and Maruti Corporation.

Segmentation of the Southeast Asia, China and India Sulphur Market:

Segmentation by Form:

• Sulfuric Acid
• Other Forms

Segmentation by Industry Vertical:

• Fertilizers
• Metal Processing
• Rubber Processing
• Other Industry Verticals

Segmentation by Country:

• China
• India
• Indonesia
• Malaysia
• Myanmar
• Philippines
• Singapore
• Thailand
• Vietnam
• Rest of Southeast Asia

• 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 and Maruti Corporation.