Sulfur Market (By End-use Industry: Fertilizer, Chemical Processing, Metal Manufacturing, Rubber Processing, and Other End-user Industries) - Global Industry Analysis, Market Size, Share, Growth, Trends Analysis, Regional Outlook and Segment Forecasts 2021 - 2030


The global sulfur market size was valued at USD 12.75 billion in 2020 and expected to hit around USD 17.13 billion by 2030 with a CAGR of 3% during the forecast period 2021 to 2030.

Crucial factors accountable for market growth are:

  • Increasing adoption of the sulfur in agriculture industry for the manufacturing of fertilizers
  • Growing demand for the sulfur based chemical elements in the commercial industries including pharmaceutical, chemical, and rubber industry
  • Capacity addition and strategic partnerships by the major players operating in the target industry

Sulfur Market Size 2017 to 2030

Key market Insights:

Emerging applications of sulfur are estimated to create gainful growth prospects for the major companies functioning in the global sulfur market. Sulfur are multifunctional in nature and used in its elemental form the production of range of end-use products like match sticks, fungicides, insecticides, detergents, batteries, and black gunpowder in both developed as well as emerging economies. Sulfur possesses great resistance to the heat and electricity along with ideal chemical properties. Commercial sectors including fertilizer, rubber, and pharmaceutical are widely ad optioning sulfur to get competitive edge in the global market. Also, emerging countries across the globe are focusing on increasing sulfur production in order to cater the increasing global demand of the sulfur. This trend is expected to continue and will enhance growth of the global industry in the near future.

COVID-19 Impact on Global Sulfur Market

Outburst of COVID-19 has impacted on most of the key markets across the globe. COVID-19 is hitting target market from all the sides. China is the biggest market for the sulfur, but to the spread of coronavirus deemed as supply of the sulfur reduced dramatically. Due to COVID-19, adoption of the sulfur has been decreased in the chemical processing industries worldwide market as the demand form the end use costumers has been decreased. On the other hand the and in turn the adoption of the sulfur reduced in the chemical industry during the critical times of COVID-19. Major industries including chemical, fertilizer, and rubber affected due to the distribution in the supply chain as well as lockdown situation in the developed as well as emerging economies worldwide. However, COVID-19 situation is resolving slowly and most of the industries are started their facilities at full capacity.

Future of Global Sulfur Market

Due to ongoing COVID-19 pandemic, usage of sulfur has been lessen in the end use industry resulting in the reduce demand for the sulfur and growth of the global sulfur industry got affected. However, the COVID-19 situation is resolving and the major players in the target industry are resuming the sulfur production which can have positive impact on the sulfur industry growth in the near future. Key companies of the target industry such as Abu Dhabi National Oil Company, Marathon Petroleum Corporation are focusing in the business growth by adopting strategies such as capacity expansion and heavy investments in the sulfur production in their facilities that is expected to flourish the global sulfur market growth in the near future. This trend is expected to continue and will augment growth of the global sulfur industry in the next 10 years. Further, increasing awareness regarding the benefits of the sulfur based fertilizers is demanding more production of the sulfur and intern boosting growth of the sulfur in the coming years. 

Report Highlights Details
Market Size USD 17.13 Billion by 2030
Growth Rate CAGR of 3% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered End User
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Abu Dhabi National Oil Company, Royal Dutch Shell PLC, Gulf Sulphur Services Ltd., LLLP, Merafe Resources Ltd., Enersul Limited Partnership, China Petroleum & Chemical Corporation, Chemtrade Logistics Inc., Ohio Sulphur Mining Company, Freeport-McMoRan Sulphur L.L.C., Marathon Petroleum Corporation

Segment Analysis:

Chemical processing segment is projected to dominate the End-Use Industry Segment of Sulfur Market Revenue

On the basis of end-use industry segment the global market is segregated into chemical processing, metal manufacturing, rubber processing, and others. The chemical processing end-use industry segment is expected to dominate in terms of revenue over the forecast time frame. The growth is attributed to the growing demand for sulfur form the chemical processing industries across the globe for various end-use applications.These factors are primarily responsible for the greater market share of chemical processing in the end-use industry segment of the sulfur Market.Fertilizer segment will expand at a significant CAGR during the forecast time-frame. Increasing adoption of sulfur based fertilizers from the Asian countries is expected to fuel growth of the segment in the near future. Further growth increasing production of the fertilizers in order to cater the agricultural demand of the end users worldwide is expected drive growth of the segment in the next 10 years. 

Asia Pacific is estimated to be the Largest Market for Sulfur

The research report covers key trends and prospects of sulfur products across different geographical regions including North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Geographically, sulfur market is conquered by Asia Pacific owing to increasing energy production, along with the favorable government policies for the sulfur production in the countries of this region, especially in the China, India, Japan, and in emerging countries of the Asia Pacific region. North America is expected to register the fast growth rate, on account of increasing research and development investment by key market players and growing adoption of the sulfurs in the various end use applications such as phosphate fertilizers. Also, increasing investments in agricultural activities, coupled with rising production of vulcanized rubber are another factors anticipated to propel growth of the target industry in the countries of North America region.

Global Sulfur Market 2021 to 2030

Top Players contending in the Market:

The companies focusing on research and development are expected to lead the global sulfur market. Leading competitors contending in global sulfur market are as follows:

  • Abu Dhabi National Oil Company
  • Royal Dutch Shell PLC
  • Gulf Sulphur Services Ltd., LLLP
  • Merafe Resources Ltd.
  • Enersul Limited Partnership
  • China Petroleum & Chemical Corporation
  • Chemtrade Logistics Inc.
  • Ohio Sulphur Mining Company
  • Freeport-McMoRan Sulphur L.L.C.
  • Marathon Petroleum Corporation

For the better understanding the recent situation of the global sulfur market and for most policies of the country, Precedence Research forecast the future evolution of the sulfur industry. This research study offers qualitative and measureable insights on sulfur market and valuation of market size and development trends for global market segments.

Key Market Developments:

  • In 2019, NOCO Incorporated and Marathon Petroleum Corporation has entered into the agreement in order to acquire the 9,00,000 barrels capacity light weight and asphalt terminal and retail stores of the NOCO.
  • In 2019, Abu Dhabi National Oil Company has announced to expand its capacity up to 3 to 4 million barrels of oil per day in order to respond to the existing market condition. This huge investment is expected to increase production of the sulfur and will serve the increasing demand of sulfur from the European, Asian, and Middle East and African countries across the globe.

Major Market Segments Covered:

By End-use Industry

    • Fertilizer
    • Chemical Processing
    • Metal Manufacturing
    • Rubber Processing
    • Others

By Geography

  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
  • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
  • Latin America
      • Brazil
      • Rest of Latin America
  • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa
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Frequently Asked Questions

What is the current size of the global sulfur market?
Precedence Research predict, the global sulfur market size was valued at USD 12.75 billion in 2020 and expected to hit USD 17.13 billion by 2030.
The global sulfur market is growing at a CAGR of 3% over forecast period 2021 to 2030.
Sulfur is solid non-metal having chemical symbol ‘S’. Naturally occurring sulfur is pale yellow in color and poor conductor of heat. Additionally, it is insoluble in the water and exists in two major crystalline forms including monoclinic sulfur and rhombic sulfur. It is odorless, colorless element with less conductor of electricity. Sulfur primarily occurs in the solid state typically at the 20°C and is the widely used chemical in commercial sectors.
The chemical processing segment accounted for the largest revenue with significant share in 2020. This is growth is due to the increasing demand for sulfur from the chemical processing industries across the globe.
In 2020, Asia Pacific dominated the global market with a market share of more than 30%.
The major companies functioning in the worldwide sulfurs are Royal Dutch Shell PLC, Gulf Sulphur Services Ltd., LLLP, Merafe Resources Ltd. Chemtrade Logistics Inc. Marathon Petroleum Corporation, Enersul Limited Partnership, Freeport-McMoRan Sulphur L.L.C. Abu Dhabi National Oil Company, Ohio Sulphur Mining Company, and China Petroleum & Chemical Corporation among others.
Sulfur is used as basic raw material in the manufacturing of match sticks, fungicides, insecticides, detergents, batteries, and black gunpowder. Sulfur plays vital role in the vulcanization of black rubber. The demand for the sulfur is growing across the globe in order to produce fertilizers.
Increasing adoption of the sulfur in agriculture industry for the manufacturing of fertilizers is major factor driving growth of the global sulfur market. In addition to this, growing demand for the sulfur based chemical elements in the commercial industries including pharmaceutical, chemical, and rubber industry is anticipated to fuel growth of the target industry over the forecast period.

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