The global demand for Sulfur Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Regarding volume, the market was calculated XX Kilo Tons in 2020 and forecast to touch XX Kilo Tons by 2027 with a CAGR of XX% during 2021-2027.
Sulfur is a non-metallic element with bright yellow color and solid crystalline appearance at room temperature. It is the fifth most common on earth and the tenth most common in the Universe. It is an essential element but in the form of metal sulfides or organosulfur compounds. Sulfur is used in the black rubber vulcanization, as a fungicide, and in black gunpowder in producing sulfuric acid, phosphoric acid, pesticides, herbicides, and silver polish. Sulfur in the form of mercaptant is added to natural gas supplies because of its distinctive smell so that gas leaks can be recognized easily. Other uses are in the production of silver polish, pesticides, and herbicides. Sulfites are used as preservatives for many foodstuffs and to bleach paper. Sulfate derivatives are employed for many surfactants and detergents.
Sulfur demand will see continuing growth due to the growing production of sulfuric acid, phosphoric acid, pesticides, herbicides, and petroleum products. More than 90% of the sulfur is employed for the production of sulfuric acid. Growing energy demand and rising demand for sulfur as raw material and catalyst in the chemical industry drive the global sulfur demand. Sulfur plays an essential role in the agriculture industry. Sulfur is a crucial element for crop yield and growth. A significant amount of sulfur in sulfuric acid is consumed for manufacturing fertilizer, pesticides, and herbicides. Expanding global population, shrinking arable land, and increased insects and fungus attack on crops has caused increased use of fertilizer, pesticides, and herbicides. Key players are investing to extend their production facilities to meet growing global demand. Several Middle East countries are adding sulfur production capacities to meet their local market, which is coming from petroleum refining and processing industries. However, sulfur demand is being affected by reduced natural gas processing, a shift from sour to slightly sweet crude, depletion of specific gas fields, and changes in need for some petroleum fuel.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of sulfur. The growth and trends of Sulfur Industry provide a holistic approach to this study.
This section of the sulfur market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Manufacturing Process
- Frasch Process
- Claus Process
- Chemical Processing
- Metal Manufacturing
- Rubber Processing
This section covers the regional outlook, which accentuates current and future demand for the Sulfur market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Sulfur Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sulfur market include China Petrochemical Corporation (China Petroleum & Chemical Corporation), Gazprom, The Saudi Arabian Oil Company, Abu Dhabi National Oil Company, and Tengizchevroil LLP, Ohio Sulphur Mining Company, Freeport Sulphur Company, Texas Gulf Sulphur Company and Merafe Resources Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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