Sulfur Chemicals Market Dynamics, Forecast, Analysis and Supply Demand 2015-2021
Deerfield Beach, FL -- (SBWIRE) -- 09/20/2016 -- Sulfur is one the most essential raw materials of the chemical industry. It is mainly used in the preparation of sulfur derivatives. It is majorly used in applications such as food and photographic industries, paper, pulp and textile processing. It is also used in manufacture of fertilizers, detergent, fungicides, batteries, matches, gun power, and fireworks. Other functions of sulfur are production of corrosion-resistant concrete which has great strength and resistant for solvents.
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The worldwide market for sulfur chemicals is expected to grow at a substantial rate within the forecast period on account of increasing demand from the food industry. Food industry widely uses sulfur as a food additive due to its anti-oxidant property. This anti-oxidant property reduces the bacterial content in food. Sulfur derivatives are used as preservatives for increasing the shelf life of food. Growing sulfur dioxide utility in wine industry for lengthening wine preservation process is expected to boost the global sulfur chemicals demand.
Rising sulfur demand in pharmaceutical applications is expected to be a major factor driving sulfur chemicals market growth within the forecast period. Additionally, increasing sulfur uses in agriculture industry for production of fertilizers is anticipated to further fuel the worldwide sulfur chemicals market in the upcoming years. However, environmental issues related to sulfur can be a major factor restraining sulfur chemicals market growth during the forecast horizon.
The other most important application of sulfur chemicals is in textiles sector where sulfur derivatives are used for dyeing. Textiles market has currently shifted to developing economies in Asia Pacific region. Mainly sodium hydrosulfide, a sulfur compound is used for dyeing application in the textiles. High demand for sodium hydrosulfide is anticipated owing to the growing paper manufacture and the increasing development to high brightness papers is in turn expected to drive the demand for sulfur in the coming years.
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The report covers a complete analysis on the sulfur chemicals market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the sulfur chemicals market has also been included. The report also analyzes various driving and restraining factors and their impact on the sulfur chemicals market during the forecast period.
Asia Pacific region is estimated to emerge as the fastest growing region owing to highest sulfur chemicals demand in by China, India. Furthermore, rapid industrialization coupled with rising disposable income in budding countries such as India and China is estimated to propel the sulfur chemicals market in the region over the forecast period. North America sulfur chemicals market is likely to witness significant growth in the coming years due to increasing fertilizer consumption in the region. U.S was the leading market for sulfur chemicals followed by Canada in the region. North America and Europe have similar market trend for sulfur chemicals. In Europe, Germany was the leading market in terms of revenue followed by France and U.K. Latin America also represents as a major market for sulfur chemicals.
Key players operating in sulfur chemicals market includes Indian Oil Corporation Limited, Eastman Chemical Company, Valero, Hydrite Chemical Company , Georgia Gulf Sulfur Corporation, ENERSUL, and STEBBINS Engineering and Manufacturing Company.
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Global Sulfur Chemicals Market: Regional Segment Analysis
Middle East and Africa
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