According to the ChemAnalyst report titled “Global Sulphur Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2032,” the Sulphur market is projected to witness a substantial increase, reaching approximately 92.5 million tonnes by 2032. This growth is expected at a CAGR of 3.24% during the forecast period, driven by the growing demand for Sulphur in various end-use industries such as Chemical Application, Rubber Industry, Pharmaceutical industry, and others.
>> Click Here To Get Latest Butyl Acrylate Market Sample Report
Sulphur, a multivalent, non-metallic chemical compound, is abundantly present in the environment, appearing pale yellow in color, tasteless, and odourless. Widely used in the manufacturing of sulfuric acid, Sulphur finds applications in diverse industrial processes, including petroleum products, pigments, detergents, fibers, explosives, and more. Additionally, Sulphur is utilized in its raw form for making fungicides, paper, insecticides, and various other products. The prominent application of Sulphur in the production of phosphate fertilizers further contributes to its demand.
The paper and bleaching industry exhibit a substantial demand for Sulphur for bleaching purposes, likely fostering the global Sulphur market’s growth in the upcoming years. The Chemical Application industry, particularly in chemical processing for sulfuric acid production, accounts for the largest share of Sulphur usage globally as of 2021. The demand for Sulphur in the manufacturing of phosphate fertilizers is expected to drive the global Sulphur market over the next decade. Moreover, Sulphur’s application in processing metal and cement polymer concrete for the construction industry is another critical factor anticipated to drive market growth in the coming years. The rising demand for fertilizers in major agricultural regions is poised to further boost the Sulphur market.
The global Sulphur market is segmented based on end-use, sales channel, and region. In terms of region, Asia Pacific emerges as the largest consumer in the Sulphur market, accounting for over 30% of global consumption in 2021. This region is anticipated to continue dominating the market in the coming years, driven by rapid urbanization leading to increased demand for rubber and chemicals. Additionally, the rising demand for Sulphur in fertilizers from emerging economies like India and China is expected to contribute to market growth.
Based on end-uses, the Sulphur market is segmented into Chemical Application, Rubber Industry, Pharmaceutical industry, and Others. The Chemical Application industry dominates the market, holding nearly 90% of the Sulphur market share in 2021. It is projected to remain the most significant consumer in the forecast period, followed by the Rubber industry.
Key players in the Sulphur market, as outlined in the report, include The New Zealand Refining Co., Ltd., ADNOC, Shell, SINOPEC, ExxonMobil, Saudi Aramco, The China National Petroleum Corporation, Reliance Petroleum’s, Valero Refining New Orleans LLC, Agip-KCO, Phillips 66 Company, BP America, Inc., Syncrude Canada Ltd., and Kuwait National Petroleum Company.
>> Click Here To Read Full Report:
https://www.chemanalyst.com/industry-report/sulphur-market-603
Mr. Karan Chechi, Research Director with TechSci Research, highlighted, “The high demand for Sulphur is attributed to its crucial role in industrial and chemical manufacturing processes. The increasing rate of urbanization driving the demand for rubber and chemicals is anticipated to expand the global Sulphur market in the upcoming years. Additionally, its application in manufacturing phosphate-based fertilizers is expected to robustly support the Sulphur global market during the forecast period.”
About Us:
ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.
Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today’s ever-changing chemicals market. The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.
ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
Contact Us:
ChemAnalyst
GmbH – S-01, 2.floor, Subbelrather Straße
15a Cologne, 50823, Germany
Tel: +49-221-6505-8833
Email: sales@chemanalyst.com
Website: https://www.chemanalyst.com/