Increasing investments and developing economies are the some of the key drivers of the global Sulfur market. However, high cost to extract Sulfur from the mining processes can prove to be fatal for the Sulfur market.
The global Sulfur market is categorized by Fertilizers, Petroleum Refining, Metals Manufacturing, and Others (Agrochemicals). Of these, fertilizers hold a significant share of the market, owing to a growing demand from the fertilizer manufacturing sector to overcome the sulfur deficiency that the crops are suffering presently.
Further, the majority of this acid is used in the production of phosphate fertilizers, a crucial component in the provision of food in the world. To increase the agricultural output in the developing countries of the Asia-Pacific region there is an increase in the demand for sulfuric acid.
Geographically, the global sulfur market is segmented into Asia-Pacific, North America, Europe, South America, and RoW. Among all the regions, Asia Pacific accounted for the largest share in terms of importing Sulfur.
According to the Observatory of Economic Complexity (OEC), the world’s biggest sulfur importers are China (16%), the Democratic Republic of the Congo (15%), South Africa (14%) and Indonesia (13%). The only other two countries over 5% are Australia (6.6%) and Cuba (6.4%). The biggest sulfur importer in South America is Chile (1.9%) and in Europe, it is a tie between Germany and the Czech Republic (1.4%).
On the other side in 2017, Chinese elemental sulfur import volumes are expected to decline significantly versus 2016. Chinese total sulfur demand is continuing to decline (albeit more slowly than we initially expected), pulled down by the phosphoric acid industry. At the same time, increased Chinese sulfur production is weighing on import requirements and has led to an uptick in port sulfur inventories in recent months.
The top five players in the global sulfur market collectively account for 55% of overall share in the market. Due to its competitive nature, the leading players are concentrating more on international and local players. These key players in order to expand their footprints in a strategic partnership and acquiring the international players. The organizations in order to increase their number of sales are upgrading their distribution channel. For example Adnoc Sour Gas, a market leader in sour gas field development, has installed a Sulfur Remelter facility, at its Shah Sulfur granulation station, to maximize Sulfur recovery during normal transportation operations. Other major companies in this market are Abu Dhabi National Oil Company, Sinopec Corporation, Saudi Industrial Export Company, Gazprom Export, Petrobras, Marathon Petroleum Corporation, Shell Global, Matrix Service, Sulfur Mills Limited, and Valero Energy Corporation.
1.1. Research Methodology
1.2. The scope of the Report
2.1. Key Trends & Developments
3.1. Market Drivers
3.2. Market Restraints
3.3. Competitive Intensity- Porter 5 Forces
3.4. Regulatory Analysis
4.2. Petroleum Refining
4.3. Metals Manufacturing
4.4. Others (Agrochemicals)
5.1. North America
5.1.1. The United States
5.2. South America
5.2.3. Rest of South America
5.3.3. United Kingdom
5.3.5. Rest of Europe
5.4.3. South Korea
5.4.6. Rest of Asia-Pacific
5.5. Rest of the World
6.1. Competitor Analysis
6.2. Key Strategies adopted by Manufacturers
7.1. Abu Dhabi National Oil Company
7.2. Sinopec Corporation
7.3. Saudi Industrial Export Company
7.4. Gazprom Export
7.6. Marathon Petroleum Corporation
7.7. Shell Global
7.8. Matrix Service
7.9. Sulfur Mills Limited
7.10. Valero Energy Corporation
8.2. List of Tables
8.3. Expert Panel Validation
8.5. Contact Us
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