Elemental Sulfur Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Elemental Sulfur Market grew at a CAGR of 2.9% between 2017-2021 and is estimated to be US$ 5,743.9Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.1% and is expected to reach a valuation of US$ 8,584.5Mn by 2032 end.
In numerous agrochemical sectors, elemental sulfur is extensively utilized to make fertilizers and pesticides. Several rubber-producing businesses vulcanize the rubber using elemental sulfur. In addition, it is a necessary component in producing a wide range of goods, including black gunpowder, insecticides, detergents, disinfectants, fertilizers, dyestuffs, and pharmaceuticals. One important factor driving the global elemental sulfur market is the demand for sulfur in various industries.
ChemView Consulting has analyzed that demand for efficient fertilizers to boost crop productivity and product quality is rising as food production increases globally. Farmers in the agricultural industry are becoming aware of the requirement for sufficient plant nourishment. As a result, fertilizer sales are increasing, which is anticipated to fuel the growth of the elemental sulfur market. One of the 17 nutrients plants require to flourish is sulfur. However, a steady sulfur supply is necessary for crop maturity because it is immobile inside the plant. Reduced yields can occur when crops lack sulfur at any stage of growth.
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Depending on the source, it is anticipated that demand for gas-based elemental sulfur will increase over the assessment period. In the global market for elemental sulfur, natural gas reservoirs with high sulfur concentrations are becoming more popular sources. Sulfur dioxide is produced industrially by burning off air or oxygen in sulfur or other sulfur compounds, such as those found in iron and copper pyrite, which are found in volcanic gases and warm water springs. The burning of fuels containing sulfur produces significant amounts of sulfur dioxide.
Segments Covered in Report
- Chemical & Petroleum Refining
- Rubber & Plastics
- Mining & Metallurgy
- Paper & Pulp
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Elemental Sulfur Market
- Based on the source, it is anticipated that demand for gas-based elemental sulfur will increase over the assessment period. In the global market for elemental sulfur, natural gas reservoirs with high sulfur concentrations are becoming more popular sources.
- Based on the application, sales of elemental sulfur are predicted to increase in the agrochemicals market. Sales of elemental sulfur are anticipated to rise as agrochemicals, particularly phosphate fertilizers, embrace it more widely.
- Based on the region, on account of increased acceptance throughout the agricultural and rubber & petroleum refining sectors, Asia Pacific is anticipated to acquire a considerable proportion of the elemental sulfur market, amounting to 57.1%. China is expected to see rising product demand due to the higher application scope in fertilizer manufacturing. The expansion of mining operations, particularly in emerging economies, will also impact how the market develops.
Key companies covered in the market study are The Saudi Arabian Oil Company, Marathon Petroleum Corporation, Exxon Mobile Corporation, Tengizchevroil, Valero Energy Corporation, Sinopec Corp., Royal Dutch Shell Plc., Pemex, OAO Gazprom, Abu Dhabi National Oil Company, Motiva Enterprises LLC, ConocoPhillips Company, Oxbow Corporation, PotashCorp, Suncor Energy Inc.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
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- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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