H1 2023: The prominent producers of Liquid Sulphur Dioxide in H1 2023 were INEOS CALABRIAN, Boliden harjavalta Oy, and Vale INCO. However, INEOS CALABRIAN had the largest production capacity of Liquid Sulphur Dioxide in H1 2023. Based on region-wise consumption, the Asia Pacific region consumed the largest share of the Liquid Sulphur Dioxide market. During the first half of 2023, prices for liquid sulphur dioxide remained unstable in the Asia Pacific region. Prices originally declined as a result of weak market fundamentals, feedstock sulphur's low-cost pressure, and the region's large supply of goods. After the Lunar New Year vacation, prices gradually rose in the middle of February 2023 as market participants restocked with the materials in China. The demand for liquid Sulphur dioxide particularly in sectors like chemicals and water treatment was strong. In March, the liquid Sulphur dioxide market depicted bearishness in the Asian countries, supported by consistently weak downstream demand, abundant stock, and cheap feedstock prices. The market continued to show its bearish nature in India from April – June 2023. The Indian market had product's adequate large stocks and a smooth supply chain. Other factors like the decline in the cost of feedstock oleum along with the low price of crude oil, led to a lowering of liquid Sulphur dioxide production cost in the US and plummeted the liquid sulphur dioxide prices on a global scale.
The global Liquid Sulphur Dioxide market experienced a demand of approximately 1070 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 6.34% during the forecast period until 2032.
Sulfur dioxide is a common additive in the food and beverage sectors because of its abilities as an antioxidant and preservative in a range of foods, including shrimp, pickled foods, and especially dried fruit. Sodium hydrosulfite, which is utilized mainly as a bleaching agent in the textile and pulp and paper industries and in the production of other chemicals, is synthesized from Sulphur dioxide. One of the most extensive applications of Liquid Sulphur Dioxide is producing Sulphuric Acid. Sulphuric Acid has various applications, such as for the production of fertilizers, paints, pigments, medications, explosives, cleaners, mineral salts, and acids, and the purpose of petroleum refining and metallurgical operations.
The Food & Beverages sector primarily drives the global Liquid Sulphur Dioxide market. In addition to organic expansions, increasing food sector demand owing to the growing population is anticipated to substantially impact Sulphur dioxide market growth in the forthcoming years. Moreover, it is expected that the ever-increasing use of sulphur dioxide in the pulp and paper industry will propel the expansion of the sulphur dioxide market. These factors are anticipated to swell the global Liquid Sulphur Dioxide demand in the forecast period to reach approximately 1970 thousand tonnes by 2032.
Sulphur Dioxide is a transparent gas with a pungent smell. It has a chemical formula of SO2. It is generated as a byproduct of copper extraction, combustion of sulphur-containing fossil fuels, and volcanic eruptions naturally emit it. This gas can be turned into liquid SO2 by various processes like Partial Condensation, Compression and Condensing, Absorption and Acidification, and Sulphur Trioxide and Sulphur. In the Compression and Condensing process, Pure Sulphur Dioxide will condense at -10.1 degree Celsius at atmospheric pressure. Moreover, at a pressure of 388 kPa(g) and temperature of 32.2 degrees Celsius, this gas will start to condense. This temperature allows SO2 to be condensed using ordinary cooling water.
Based on region, the Asia Pacific dominates the Liquid Sulphur Dioxide market as a consumer. In 2022, this region consumed about 50% of the market's significant consumption. Due to the growing population, the food and beverages in countries are anticipated to rise, resulting in creating higher demand for Liquid Sulphur Dioxide in the forecast period. Furthermore, the growing demand of paper products as a consequence of the growing economy is anticipated to swell the Liquid Sulphur Dioxide demand by 2032. Europe is the second largest consumer of Liquid Sulphur Dioxide. Based on production, the USA is the leading producer on a global scale.
Based on the end-user industry, the global Liquid Sulphur Dioxide market is divided into Food & Beverages, Pulp and paper, Process Chemical, and Others. The Food & Beverages sector is the leading segment, with approximately 43% of the market. Process Chemical and Pulp and paper industries are also prominent consumers of Liquid Sulphur Dioxide.
Major players in the production of Global Liquid Sulphur Dioxide are INEOS CALABRIAN, Vale INCO, Boliden harjavalta Oy, Marsulex Inc., Republic Group (Olin), PVS Chemicals, NEAT, Marsulex Inc., Metorex Limited, Goro Nickel S.A.S., and Votorantim Metais.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Liquid Sulphur Dioxide which covers production, demand and supply of Liquid Sulphur Dioxide market in the globe.
• To analyze and forecast the market size of Liquid Sulphur Dioxide
• To classify and forecast Global Liquid Sulphur Dioxide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Liquid Sulphur Dioxide market in the globe.
To extract data for Global Liquid Sulphur Dioxide market, primary research surveys were conducted with Liquid Sulphur Dioxide manufacturers, suppliers, distributors, wholesalers and Traders. 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 segments and projected a positive outlook for Global Liquid Sulphur Dioxide market over the coming years.
ChemAnalyst calculated Liquid Sulphur Dioxide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Liquid Sulphur Dioxide. ChemAnalyst 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 ChemAnalyst.
Key Target Audience:
• Liquid Sulphur Dioxide manufacturers and other stakeholders
• Organizations, forums and alliances related to Liquid Sulphur Dioxide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Liquid Sulphur Dioxide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Liquid Sulphur Dioxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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1070 thousand tonnes
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Market size Volume by 2032
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1970 thousand tonnes
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Growth Rate
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CAGR of 6.34% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process,
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Segments covered
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By End-Use: (Food & Beverages, Pulp and paper, Process Chemical, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com