Sulfur Market Size

SKU: DMCH592 | Last Updated On: Sep 27 2022 | Available Formats

> Global Sulfur Market Expected to reach a high CAGR 3.1% By 2029: DataM Intelligence

Global Sulfur Market is segmented by End-User (Fertilizers, Petroleum Refining, Metals Manufacturing, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global Sulfur Market is expected to grow at a high CAGR of 3.1% during the forecasting period (2022-2029).

  • Sulfur is a non-metallic chemical element that is bright yellow. It is solid at room temperature and pressure. Sulfur is primarily used to make phosphate fertilizer.
  • Sulfur is also in industrial applications, such as sulfuric acid for refinery alkylation units, and consumer products, such as detergent.

Market Dynamics

Increasing investments and developing economies are some of the key drivers of the global Sulfur market. However, the high cost to extract Sulfur from the mining processes can prove to be fatal for the Sulfur market.

Sulfur Market Scope

Metrics

Details

Market CAGR

3.1%

Segments Covered

By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Segmentation Analysis

The global Sulfur market is categorized into 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.

Market Geographical Share

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 with 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.

Market Key Companies

The top five players in the global sulfur market collectively account for 55% of the overall share in the market. Due to its competitive nature, the leading players are concentrating more on international and local players. These key players are to expand their footprints in a strategic partnership and acquire international players. The organizations to increase their 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.

Trending Topics

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FAQ

What is the Growth Rate of the Sulfur Market?

grow at a high CAGR of 3.1% during the forecasting period (2022-2029).

Which Companies Are Included in the Sulfur Market?

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.

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