Global Sulfur Market is segmented by Grade (Pharmaceutical Grade, Industrial Grade), by End Use industry (Fertilizers, Chemical Processing, Metal Manufacturing, Petroleum Refining, Rubber processing and others) and Region (North America, South America, Asia Pacific, Europe and Middle East & Africa) is estimated to grow at CAGR of 3.71% during the forecast.
Growing demand from the fertilizer manufacturing sector, capacity expansion of petroleum refining plants and increasing usage of sulfur for vulcanization of rubber are major driving factor of sulfur market. Stringent environmental regulations regarding emissions owing to its toxic nature constrains the market growth. Phosphoric acid production to increase with the reduction of SSP and End use Industry in healthcare sector for skin treatment.
Chemicals processing segment dominates the sulfur market.
Sulfur is used in production of pigments, detergents, fibers, petroleum products, sheet metal, explosives, storage batteries and etc. Other important uses comprise the Important use of elemental sulfur is in fertilizers as a soil nutrient in its own right, particularly where there is a deficiency of sulfur in the soil. About 90% of sulfur produced or extracted is used to make sulfur dioxide, which is then converted to sulfuric acid.
Industrial Grade is leading the sulfur market.
Industrial grade sulfur provides industrial users with a very pure form of sulfur. Industrial sulfur has various uses in the Industry, as a raw material, as an intermediate product or as an additive used to catalyze certain reactions.
Asia-Pacific dominated the demand for sulfur market.
In Asia Pacific, China retain as the largest market for sulfur. China is the leading global producer of Sulfur in all forms. China is the world’s leading producer of pyrites, more than 50% of its sulfur in all forms coming from that source. The country is also the leading sulfur importer representing about 35% of the global imports, the bulk of which is used to manufacture sulfuric acid. The demand for sulfur in the country is majorly driven by end-user industries, including chemical processing, fertilizer, and rubber processing industries.
This report includes a study of marketing and development strategies, along with the Form portfolios of leading companies. It includes the profiles of leading manufacturers such as Abu Dhabi National Oil Company, Chemtrade Logistics, Enersul Limited, Guangzhou Petrochemical, Marathon Petroleum Company LLC, National Est. For Agricultural and Industrial Sulphur, Norilsk Nickel, OAO Gazprom, Oxbow Carbon LLC, PVS Chemicals Inc,Qatar International Petroleum Marketing Company Ltd, Royal Dutch Shell PLC, Sinopec Corp., The Saudi Arabian Oil Company, Tengizchevroil LLP, Tianjin Petrochemical, Valero Energy Corporation, Abu Dhabi National Oil Company, Chemtrade Logistics, China Petroleum and Chemical Corporation (Sinopec), Enersul Limited Partnership, Gazprom, Marathon Petroleum Corporation, Oxbow Corporation and Royal Dutch Shell.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global sulfur market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global sulfur market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market of our clients and at the same time explain global sulfur market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Sulfur Market”.
https://www.maximizemarketresearch.com/market-report/global-sulfur-market/26714/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights, Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 96071 95908/ 20 6630 3320