[Online Quarterly Update] India Liquid Sulphur Dioxide market demand stood at 27.34 Thousand Tonnes in FY2021 and is forecast to reach 43.89 Thousand Tonnes by FY2030, growing at a healthy CAGR of 5.40% until FY2030. Sulphur Dioxide is a chemical compound with the formula SO2 and is a toxic gas with a pungent odor. Sulphur Dioxide naturally occurs as a volcanic gas and in solution in the waters of some warm springs. The gas is industrially prepared by the reaction of metallic sulphite or a metallic bisulphite with dilute acid. The gas can be liquefied at moderate pressures at room temperatures; the liquid has a freezing point of −73° C (−99.4° F) and boiling point of −10° C (14° F) at atmospheric pressure. Increasing use of Liquid Sulphur Dioxide for manufacturing Sulphuric Acid which is an important chemical in the fertilizer as well as the chemical industry and Sodium Hydrosulfite which is used as a bleaching agent in various end-user industries such as the textile and paper and pulp industry would spur the demand for Liquid Sulphur Dioxide in India.
High cost and hazardous nature are the major factors restraining the Liquid Sulphur Dioxide market in India. Demand for Liquid Sulphur Dioxide is anticipated to improve in the coming years due to rising demand from various end-users such as fertilizer and water treatment industry owing to its ability to treat chlorinated wastewater. The increasing use of Liquid Sulphur Dioxide in the production of various industrial chemicals is gaining popularity and accounts for the largest market share. The demand for Liquid Sulphur Dioxide is likely to rise from the food segment where it is being used as an antimicrobial agent and as a preservative in the food processing industry along with its increasing usage in refineries for kerosene refining. These factors would contribute to the growth of the Liquid Sulphur Dioxide demand in the country.
COVID-19 has introduced a few obstacles in the market growth of Liquid Sulphur Dioxide is used as an antioxidant and preservative in the food and beverage industry. It can trigger asthma in sensitive people if taken in high quantities.
Years Considered for this Report:
Historical Years: FY2015– FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 – FY2030
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Objective of the Study:
• The primary objective of the study was to evaluate and forecast Liquid Sulphur Dioxide capacity, production, demand, inventory, and demand–supply gap in India.
• To categorize Liquid Sulphur Dioxide demand based on end use, grade, region, and sales channel.
• To study trade dynamics and company share in India Liquid Sulphur Dioxide market.
• To identify major customers of Liquid Sulphur Dioxide in India.
• To evaluate and forecast Liquid Sulphur Dioxide pricing by grade in the India Liquid Sulphur Dioxide market.
• To identify and profile major companies operating in India Liquid Sulphur Dioxide market.
• To identify major news, deals, and expansion plans in the India Liquid Sulphur Dioxide market.
Some of the leading players operating in the Indian Liquid Sulphur Dioxide market are Linde India Limited, INOX Air Products Private Limited, Air Liquide, Goyal MG Gases Private Limited. Other players operating in the global Liquid Sulphur Dioxide market include BASF SE, DuPont, Syngenta, Zhejiang Jihua Group, Israel Chemicals, Shell Canada.
To extract data for the India Liquid Sulphur Dioxide market, primary research surveys were conducted with Liquid Sulphur Dioxide manufacturers, suppliers, distributors, wholesalers, and end-users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end-user segments and projected a positive outlook for the India Liquid Sulphur Dioxide market over the coming years.
ChemAnalyst calculated Liquid Sulphur Dioxide demand in India by analyzing the historical data and demand forecast was carried out considering Sulphur prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them 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 ChemAnalyst.
Key Target Audience:
• Liquid Sulphur Dioxide manufacturers, suppliers and other stakeholders
• Organizations, forums and alliances related to Liquid Sulphur Dioxide distribution
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Liquid Sulphur Dioxide manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
In this report, the India Liquid Sulphur Dioxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below: