Future Market Insights has announced the addition of the “Sulphur Recovery Technologies Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020" report to their offering.

London, UK -- (SBWire) -- 08/21/2015 --Petroleum industries are gaining high momentum in their sales revenue with the increasing demand for sulfur across various industry segments. Today, 97% of the sulfur is recovered as a by-product of oil and gas industry followed by coal gasification (2%) and 1% from mined sulfur. Sulfur recovery is the process of harnessing sulfur from hydrogen sulfide (H2S). Sulfur constitutes 3% of earth's total mass and is the 16th most abundant element in the world. Its end use application is seen in fertilizers, rubber, cosmetics, and pharmaceutical industries.

Sulfur has both, merits as well as demerits. It needs to be removed during the coal gasification and extraction process so as to avoid catalyst poisoning and prevent fouling of the downstream component. Chemical industries constantly engage in technical innovation in order to offer an efficient approach for removing sulfur from this process and using it for various other industry verticals ranging from agricultural sectors to cosmetics and pharmaceutical industries.

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Companies these days are focusing on extracting sulfur in most feasible way so as to minimize the operational cost and enhance the revenue generation. Claus process, tail gas, direct oxidation, acid gas enrichment, oxygen enrichment, cold bed adsorption and Frasch methods are the techniques most employed by industries. Of all these methods, Claus and CBA (Cold Bed Adsorption) are the most commonly used in extraction of sulfur. The reason behind its popularity is the increasing market share of oil and gas production.

Canada is the largest exporter of sulfur in the world, while China is the largest market for sulfur. Other potential market sites for sulfur are India, U.S., Morocco and Brazil. The current scenario reveals that sulfur production is dependent on China's economy. Since 1990, it has been importing sulfur to meet its various industry verticals need. However, the market seems to be in the doldrums because of the large gap between demand and supply. With major oil and gas fields operating in Canada, Russia, and MEA, the market is set to witness large production of sulfur which will surpass the demand for it. The Turkmenistan gas project alone is set to produce 2.4 million tonnes of sulfur. The decline in the demand for sulfur foretells a gloomy prospect for the industries producing sulfur. However, this downward trend will be a short term one and is expected to show improvement with sulfur's increasing use in rubber and agriculture sectors.

It is predicted that the world population will increase to 8.3 billion by 2030 from 6.9 billion in 2010. This will lead to increase in food demand by 50%. With limited agricultural land, soil will need high amount of micro and macro nutrients to meet the good demand in coming years. Sulfur is one of the most important nutrient for plants. Deficiency in sulfur can result in reduced yields. The global agriculture market, including countries such as China, India, and U.S., will need sulfur to meet their crop production. High demand of sulphur in crop production offers good market scope for chemical industries operating in sulfur recovery technologies.

The rubber industry is also a potential end use market for sulfur-producing regions. Sulfur offers durability to natural rubbers. On account of the surge in demand for rubbers in the automotive industry, Asia followed by Europe and North America have become lucrative markets for business enterprises operating in sulfur recovery technologies. Asia alone consumes 17,191 metric tonnes of rubber. China, Japan, and India are the major automotive hubs, and hold the potential to generate high returns on investment for chemical industries. Germany is the largest market for sulfur in Europe with a majority of the automotive parts being manufactured there.

With tremendous growth potential in the fertilizer, automation and mining sectors, the sulfur recovery technology market looks optimistic. APAC will see the highest CAGR growth in 2014–2020 followed by MENA and the North American region.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America
Europe
APAC
Latin America
Rest of Asia