Global Sulfur Market Trends, Applications, Analysis, Growth, and Forecast to 2026
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5770
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May 2023
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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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The Sulfur Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and various trends, drivers, restraints, opportunities, and threats till 2031.
The Sulfur Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global sulfur market report has been segmented on the basis of application, and region.
This Sulfur Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Sulfur Market Overview:
“The Sulfur Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Sulfur is a yellow-colored solid, which is insoluble in water, and has represented by its chemical symbol “S”. It usually exists in a solid state at 20 ̊C.
It is a poor conductor of heat and electricity since it is non-metal. Two important crystalline forms of sulfur are rhombic or octahedral (α-sulfur), and monoclinic sulfur (β-sulfur). It is one of the most widely used chemicals worldwide.
Sulfur is primarily produced as a byproduct of petroleum as well as natural gas. Sulfur is majorly used in the vulcanization of black rubber. The elemental form of sulfur is used in the production of black gunpowder, match sticks, insecticides, and fungicides.
Around 90% of sulfur extracted, is used to produce sulfur dioxide, which is then converted to sulfuric acid. The majority of the acid is used in the production of phosphate fertilizers, which is an essential component in the provision of food.
Sulfur, being economical, is broadly consumed in the production of fertilizers such as calcium sulfate, which is well-known fertilizer for preventing nutrient runoff as well as soil erosion.
The growing adoption of sulfur in the agriculture industry as an important chemical is a major factor driving the growth of the global sulfur market currently.
In addition, rising demand for sulfur-based chemicals in various end-use industries such as chemicals, rubber industry, and pharmaceuticals, is another major factor expected to boost the growth of the global sulfur market over the forecast period.
However, the extraction of sulfur from the mining process is very costly, which is anticipated to hamper the growth of the global market. Also, harmful effects of sulfur on human health, such as problems associated with the nose and throat are projected to limit the growth of the global market.
Currently, the market in the Asia Pacific is expected to witness rapid growth in terms of revenue in the global sulfur market, owing to the growing demand for sulfur-based fertilizers, in the region.
It is further projected to register a CAGR of X.X% during the forecast period. China is one of the largest producers of sulfur, worldwide.
China is the world's leading producer of pyrites, with about 57% of its sulfur in all forms. Also, energy production in China has been increasing in recent decades across the oil & gas sector, leading to a boost in sulfur recovery.
Furthermore, fertilizer production consumes about two-thirds of the sulfuric acid used in China.
Global sulfur market segmentation:
By application:
- Agro-chemicals
- Chemical and Petrochemical Refining
- Metal Processing
- Pharmaceutical
- Others
By region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Ohio Sulphur Mining Company
- Freeport-McMoRan Sulphur L.L.C.
- Gulf Sulphur Services Ltd., LLLP
- Merafe Resources Ltd.
- Abu Dhabi National Oil Company
- Chemtrade Logistics Inc.
- China Petroleum & Chemical Corporation
- Enersul Limited Partnership
- Marathon Petroleum Corporation
- Royal Dutch Shell PLC
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