Sarasota, FL -- (SBWIRE) -- 11/21/2018 -- Global Elemental Sulfur Market: Overview
Sulfur is used in the manufacturing processes of carbon sulfides, sulfhydric, sulfite, and sulfuric acids, and sulfurous gas, among others. Furthermore, sulfur is used for producing insecticides, fertilizers, black gunpowder, detergents, pharmaceuticals, disinfectants, and dyestuffs, among other things. Varied sulfur products are used as additives in flammable scentless gases, to identify leakage via sulfur's trademark aroma. The growth of the global elemental sulfur market can be attributed to the growing demand of vulcanization of rubber.
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Global Elemental Sulfur Market: Growth Factors
The growing demand of elemental sulfur from the fertilizer manufacturing industry and the increasing use of sulfur for rubber vulcanization are the major growth drivers in the global market for elemental sulfur. The decline in the prices of crude oil has led the oil refineries globally to engage in capacity expansion among other brownfield operations. Rubber manufacturing involves the process of vulcanization, for which elemental sulfur is a primary ingredient. This is also fuelling the development of the global elemental sulfur market. The agrochemical industry is the largest consumer of elemental sulfur, as it utilizes elemental sulfur for manufacturing phosphate fertilizer, which is anticipated to show a healthy growth in the future.
Huge costs related to mining and enactment of strict environmental protection laws regarding sulfur usage might hamper the expansion of this market on a global scale.
Global Elemental Sulfur Market: Segmentation
The global elemental sulfur market can be divided based on application and source. Based on application, the elemental sulfur market can be classified into paper and pulp, mining and metallurgy, rubber and plastics, chemical and petroleum refining, and agrochemicals, among others. On the basis of source, the elemental sulfur market can be categorized into mining, oil-based, and gas-based, among others.
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Global Elemental Sulfur Market: Regional Analysis
Based on regions, the global market for elemental sulfur can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific region is projected to dominate the market for elemental sulfur in the upcoming years. This is due to increasing demand for elemental sulfur by the rubber and petroleum refining industries, development of the agricultural sector, and rising sulfuric acid consumption for mining activities. The North American region is expected to show good growth potential in the global elemental sulfur market in future. This is due to elemental sulfur's extensive use for manufacturing inorganic fertilizers. The Middle East and African region are anticipated to hold a substantial share in the market for elemental sulfur in the upcoming years. As elemental sulfur is extensively utilized in the production of H3PO4 and Africa's production capacity of H3PO4 is expected to increase in future, this will fuel the growth of the elemental sulfur market in this region.
Global Elemental Sulfur Market: Competitive Players
The key market players of the global market for elemental sulfur include National Est. for Agricultural & Industrial Sulphur, Jordan Sulphur, Montana Sulphur & Chemical, Flint Hills Resources, Suncor Energy, PotashCorp, Oxbow Corporation, ConocoPhillips Company, Motiva Enterprises, Abu Dhabi National Oil Company, OAO Gazprom, Pemex, Royal Dutch Shell, Sinopec, Valero Energy Corporation, Tengizchevroil, Exxon Mobile Corporation, Marathon Petroleum Corporation, and The Saudi Arabian Oil Company, among several others.
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Global Elemental Sulfur Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa