Global Sulphur market has grown tremendously in the past five years and is estimated to grow at a CAGR of 3.81% during the forecast period. Sulphur is a chemical element which is non-metallic, tasteless and odourless in nature having 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. The Sulphur is also being widely used across paper industry for bleaching purpose. Thus, the increasing demand from these downstream industries augment the growth of global Sulphur demand. However, its usage in chemical processing account for the largest share as it is mainly used to produce sulphuric acid and other chemical compounds as of 2020 globally. Growing requirement for these chemical compounds in expanding downstream sector viz., fertilizers production would 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.
Due to outbreak of COVID-19, in 2020, the global Sulphur demand reported a steep decline due to producers as well as consumer’s plant turnarounds in order to suppress or prevent the disease spread following government’s restrictions across the globe. This has caused decline in the demand from across all the downstream sectors such as automotive, construction and other. However, this decline seems to be for short term and expected to get restore mainly due to the rising demand for fertilizer industry amid COVID-19 which consume Sulphur as an essential element for proper growth & development of all crops.
By end-user industry, the market is segmented into fertilizer, chemical processing, metal manufacturing, rubber processing, and other end-user industries. Among these, chemical processing industry account for most of the share of total Sulphur demand i.e., of around 90% in 2020 followed by fertilizer industry which is estimated to be growing at a highest rate during the forecast period. The affected demand due to second wave of COVID-29 across emerging economies like India is anticipated to recover in few months as situation ease off and economies ramp up their manufacturing units to cater to the exponential rise in consumer demand would further accelerate the market growth in the forecast period.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
Objective of the Study:
•The primary objective of the study was to evaluate and forecast the Sulphur capacity, production, demand, inventory, and demand–supply gap globally.
•To categorize Sulphur demand based on production process, application, and regional distribution.
•To identify major customers of Sulphur globally.
•To evaluate and forecast Sulphur pricing globally.
•To identify and profile major companies operating globally Sulphur market.
•To identify major news, deals and expansion plans globally Sulphur market.
Some of the leading players operating in the Global Sulphur market are China Petrochemical Corporation (China Petroleum & Chemical Corporation), Gazprom, The Saudi Arabian Oil Company, Abu Dhabi National Oil Company, Tengizchevroil LLP, Oxbow Corporation, Marathon Petroleum Company LLC, PVS Chemicals, Qatar Petroleum, Reliance Industries Limited, Mitsui & Co Ltd. Sun International FZE, Ameropa, Swiss Singapore, Miwon Chemicals, Kisan International Trading, Chemfert Chemical, Indian Oil Corporation Limited and others.
To extract data for Global Sulphur market, primary research surveys were conducted with Sulphur 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 Global Sulphur market over the coming years.
ChemAnalyst calculated Sulphur demand globally by analyzing the historical data and demand forecast which was carried out considering the end use industries growth. 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
•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
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Sulphur manufacturers, distributors and policymakers. 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 Global Sulphur market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Manufacturing Process
Claus Process and Frasch Process
Market, by End-User Industry
Fertilizers, Chemical Processing, Metal Manufacturing, Rubber Processing, Others
Market, by Region
North America, APAC, Europe, MEA, South America
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