Quick Summary:
Rapidly adapting industry dynamics within the chemical, automotive, agricultural, and other downstream sectors are driving an increased demand for Sulphur globally. This comprehensive market report provides world-class research and data-backed insights into the growth trajectory of the Sulphur market. The report captures critical information about both global and regional trends, providing you with an in-depth understanding of how these patterns can impact your strategic business decisions.
An integral element for several manufacturing processes, Sulphur is applied in key industries such as automotive, agriculture, chemical production, and paper bleaching. The wide array of Sulphur applications coupled with accelerating industrialization, particularly in regions like Asia Pacific, signifies potential for sustained market growth.
Further categorization by end-user industry lends nuanced understanding of areas like Chemical Applications, the Rubber Industry, the Pharmaceutical industry, among others, informing targeted strategies for stakeholder engagement. Capitalize on these invaluable insights to stay at the forefront of your sector, and align your business strategies optimally to changing market dynamics.
The global Sulphur market stood at approximately 65 million tonnes in 2021 and is expected to grow at a CAGR of 3.81% during the forecast period until 2032. Sulphur as an essential element for proper growth & development of fertilizers which are utilized by the agriculture sector. Its application for manufacturing chemicals is another popular application of Sulphur market.The Global Sulphur Market Stood at Approximately 65 Million Tonnes in 2021 and is Expected to Grow at a CAGR of 3.81% During the Forecast Period Until 2032
Sulphur is a chemical element which is non-metallic, tasteless, and odorless in nature. This element occurs naturally in sulphide minerals. It is also produced by-product of a number of chemicals processes, including the coking, refining of crude oil, the processing of heavy oil and natural gas, and metallurgical operations. Sulphur has multiple applications across various industries such as used in automotive industry for production of car batteries, other include oil refining, pesticides, gunpowder & detergent making etc. Sulphur is also being widely used across paper industry for bleaching purpose. Furthermore, it is widely employed for synthesizing phosphate fertilizers, which is one of its largest applications.
The primary market driver of the global Sulphur market industry is the Chemical industry. Growing requirement for these chemical compounds in expanding downstream sector is anticipated to augment the growth of the global Sulphur market in the forecast period. Other important applications of Sulphur is its use in metal processing and cement polymer concrete for construction industry further drive the Sulphur market in coming years. The global Sulphur market is anticipated to reach approximately 100 million tonnes by 2032.
Asia Pacific is the dominating all over the world with the highest demand of Sulphur. This region consumed greater than 30% of the global Sulphur market in 2021. In the upcoming years, the global Sulphur market is anticipated to grow in this region due to rising investments in agricultural operations and rising vulcanized rubber production in tires of automobile segment. Owing to government increase of expenditure, there will be a fast-paced industrialization in countries like India and China, creating major demand of Sulphur in the forecast period. Europe stands as the second largest consumer of Sulphur across the globe. Furthermore, USA is the leading producer of the global Sulphur market.
Based on the end-user industry, the Sulphur market is segmented into sectors like Chemical Application, Rubber Industry, Pharmaceutical industry, and Others. Among these, Chemical Application industry account for most of the share of total Sulphur demand of around 90% in 2021, followed by the Rubber industry which is estimated to be growing at a highest rate during the forecast period.
Significant companies for Global Sulphur market are 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.
Years considered for this report:
- Historical Period: 2015- 2021
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2032
The objective of the Study:
- To assess the demand-supply scenario of Sulphur, which covers the production, demand, and supply of Sulphur around the globe.
- To analyze and forecast the market size of Sulphur.
- To classify and forecast the Global Sulphur market based on end-use and regional distribution.
- To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Sulphur market.
The publisher calculated Sulphur demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Sulphur across the globe. The publisher sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- Sulphur manufacturers and other stakeholders
- Organizations, forums and alliances related to Sulphur distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Sulphur market has been segmented into following categories, in addition to the industry trends which have also been detailed below:- Market, by End-use: Chemical Application, Rubber Industry, Pharmaceutical industry, and Others.
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
Methodology
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