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 2023 - 2032
The global sulfur market size was valued at USD 10 billion in 2022 and is expected to hit around USD 13.9 billion by 2032 with a CAGR of 3.4% during the forecast period 2023 to 2032.
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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.
The Asia Pacific sulfur market size was valued at USD 4.00 billion in 2022 and is estimated to reach around USD 5.51 billion by 2032, growing at a CAGR of 3.30% from 2023 to 2032.
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.
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 in 2023 | USD 10.29 Billion |
Market Size by 2032 | USD 13.9 Billion |
Growth Rate From 2023 to 2032 | CAGR of 3.4% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
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 |
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.
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:
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.
Major Market Segments Covered:
By End-use Industry
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Sulfur Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Sulfur Market
5.1. Covid-19: Sulfur Industry Impact
5.2. Sulfur Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Sulfur Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for SulfurMarket Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Sulfur Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Growing demand from fertilizer manufacturing industries across the globe
6.1.1.2. Capacity expansion of petroleum refining plants
6.1.2. Market Restraints
6.1.2.1. Stringent environmental regulations
6.1.3. Market Opportunities
6.1.3.1. Emerging applications of sulfur
Chapter 7. Global Sulfur Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Sulfur Market Revenue by Market Players
7.1.1.2. Sulfur Market Revenue Market Share by Market Players
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, End-use Industry Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Sulfur Market, By End-use Industry
8.1. Sulfur Market, by End-use Industry, 2023-2032
8.1.1. Fertilizer
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Chemical Processing
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.3. Metal Manufacturing
8.1.3.1. Market Revenue and Forecast (2021-2032)
8.1.4. Rubber Processing
8.1.4.1. Market Revenue and Forecast (2021-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Sulfur Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue Forecast by End-use Industry(2021-2032)
9.1.2. U.S
9.1.2.1. Market Revenue Forecast (2021-2032)
9.1.3. Canada
9.1.3.1. Market Revenue Forecast (2021-2032)
9.2. Europe
9.2.1. Market Revenue Forecast by End-use Industry (2021-2032)
9.2.2. UK
9.2.2.1. Market Revenue Forecast (2021-2032)
9.2.3. Germany
9.2.3.1. Market Revenue Forecast (2021-2032)
9.2.4. France
9.2.4.1. Market Revenue Forecast (2021-2032)
9.2.5. Rest of EU
9.2.5.1. Market Revenue Forecast (2021-2032)
9.3. Asia Pacific (APAC)
9.3.1. Market Revenue Forecast by End-use Industry (2021-2032)
9.3.2. China
9.3.2.1. Market Revenue Forecast (2021-2032)
9.3.3. India
9.3.3.1. Market Revenue Forecast (2021-2032)
9.3.4. Japan
9.3.4.1. Market Revenue Forecast (2021-2032)
9.3.5. Rest of APAC
9.3.5.1. Market Revenue Forecast (2021-2032)
9.4. LATAM
9.4.1. Market Revenue Forecast by End-use Industry (2021-2032)
9.4.2. Brazil
9.4.2.1. Market Revenue Forecast (2021-2032)
9.4.3. Rest of LATAM
9.4.3.1. Market Revenue Forecast (2021-2032)
9.5. Middle East and Africa (MEA)
9.5.1. Market Revenue Forecast by End-use Industry (2021-2032)
9.5.2. GCC
9.5.2.1. Market Revenue Forecast (2021-2032)
9.5.3. North Africa
9.5.3.1. Market Revenue Forecast (2021-2032)
9.5.4. South Africa
9.5.4.1. Market Revenue Forecast (2021-2032)
9.5.5. Rest of MEA
9.5.5.1. Market Revenue Forecast (2021-2032)
Chapter 10. Company Profiles
10.1. Ohio Sulphur Mining Company
10.1.1. Company Overview, Business Information, Regional Presence
10.1.2. Product Portfolio Analysis
10.1.2.1. Product Details, Specification, Application
10.1.3. Revenue, Price, and Gross Margin
10.1.4. Recent Developments and Strategies
10.2. Freeport-McMoRan Sulphur L.L.C.
10.2.1. Company Overview, Business Information, Regional Presence
10.2.2. Product Portfolio Analysis
10.2.2.1. Product Details, Specification, Application
10.2.3. Revenue, Price, and Gross Margin
10.2.4. Recent Developments and Strategies
10.3. Gulf Sulphur Services Ltd., LLLP
10.3.1. Company Overview, Business Information, Regional Presence
10.3.2. Product Portfolio Analysis
10.3.2.1. Product Details, Specification, Application
10.3.3. Revenue, Price, and Gross Margin
10.3.4. Recent Developments and Strategies
10.4. Merafe Resources Ltd.
10.4.1. Company Overview, Business Information, Regional Presence
10.4.2. Product Portfolio Analysis
10.4.2.1. Product Details, Specification, Application
10.4.3. Revenue, Price, and Gross Margin
10.4.4. Recent Developments and Strategies
10.5. Abu Dhabi National Oil Company
10.5.1. Company Overview, Business Information, Regional Presence
10.5.2. Product Portfolio Analysis
10.5.2.1. Product Details, Specification, Application
10.5.3. Revenue, Price, and Gross Margin
10.5.4. Recent Developments and Strategies
10.6. Chemtrade Logistics Inc.
10.6.1. Company Overview, Business Information, Regional Presence
10.6.2. Product Portfolio Analysis
10.6.2.1. Product Details, Specification, Application
10.6.3. Revenue, Price, and Gross Margin
10.6.4. Recent Developments and Strategies
10.7. China Petroleum & Chemical Corporation
10.7.1. Company Overview, Business Information, Regional Presence
10.7.2. Product Portfolio Analysis
10.7.2.1. Product Details, Specification, Application
10.7.3. Revenue, Price, and Gross Margin
10.7.4. Recent Developments and Strategies
10.8. Enersul Limited Partnership
10.8.1. Company Overview, Business Information, Regional Presence
10.8.2. Product Portfolio Analysis
10.8.2.1. Product Details, Specification, Application
10.8.3. Revenue, Price, and Gross Margin
10.8.4. Recent Developments and Strategies
10.9. Marathon Petroleum Corporation
10.9.1. Company Overview, Business Information, Regional Presence
10.9.2. Product Portfolio Analysis
10.9.2.1. Product Details, Specification, Application
10.9.3. Revenue, Price, and Gross Margin
10.9.4. Recent Developments and Strategies
10.10. Royal Dutch Shell PLC
10.10.1. Company Overview, Business Information, Regional Presence
10.10.2. Product Portfolio Analysis
10.10.2.1. Product Details, Specification, Application
10.10.3. Revenue, Price, and Gross Margin
10.10.4. Recent Developments and Strategies
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
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