Sulphur is primarily produced as a by product from petroleum as well as natural gas. Sulphur is majorly used in the vulcanization of black rubber. Elemental form of a sulfur is used in the production of black gunpowder, match sticks, insecticides, and fungicides. Around 90% of sulfur extracted, is used to produce sulfur dioxide, which is then converted to sulfuric acid. The majority of the acid is used in the production of phosphate fertilizers, which is an essential component in the provision of food.
Solid Sulphur Market Trends
- Sustainable demand for sulphuric acid in various applications
- High demand for sulphur in agriculture sector
- Rising demand from the fertilizer manufacturing sector is expected to grow during the forecast period
- Usage of sulphur in cement polymer concrete is expected to act as an opportunity in the future.
- Asia-Pacific dominated the global market, with the largest consumption
Solid Sulphur Market Outlook
- Growing adoption of sulphur in organic farming as an important chemical is a major factor driving the growth of the global sulphur market
- Less precipitation of sulphur dioxide on agricultural fields due to stringent emission norms on oil and gas refineries has led to physical application of sulphur on agricultural lands, these factors have increased the demand for solid sulphur in the fertilizer application
- However, extraction of sulfur from the mining process is very costly, which is anticipated to hamper growth of the global market
Solid Sulphur Market COVID-19 Impact
- The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the chemical industry, as well as large companies and governments, to restock supply chains
- The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic
- Rising support from governments and several companies can help in the fight against this highly contagious disease
Solid Sulphur Market Regional Trends
- The high growth witnessed in the fertilizers market in the developing economies of APAC is a key factor driving the solid sulphur market
- APAC is the fastest-growing market for fertilizer, with the boost in the economy, the APAC market is witnessing high growth with respect to chemicals and materials, thus fueling the solid sulphur market
Solid Sulphur Market Segmental Highlights
- The report analyses the global solid sulphur market based on manufacturing process, application and geography
- In terms of manufacturing process, the market is divided into claus process and frasch process
- Various Application studied in the market are classified into chemical processing, fertilizer, metal manufacturing, rubber processing
- APAC is projected to register the fastest growth during the forecast period. China is expected to be one of the major markets for solid sulphur
- The growing demand from fertilizers and chemical processing applications is expected to drive the market in China during the forecast period
Solid Sulphur Market Key Players
The key companies in the Solid Sulphur market are Abu Dhabi National Oil Company (ADNOC), Aglobis, Enersul Limited Partnership, Exxon Mobil Corp., Gazprom, Georgia Gulf Sulfur Corporation, H.J. Baker & Bro., Llc., Kuwait Petroleum Corporation (KPC), Marathon Petroleum Corporation (MPC), Motiva Enterprises Llc., Pbf Energy, Petrobras, Phillips 66 Company, Qatar Petroleum (QP), Repsol, Saudi Aramco, Suncor Energy etc. Valero Energy Corporation. The companies operating in the market engage in new product launches, product upgrades, mergers and acquisitions, and geographical expansion to enhance their market position.
In March 2020, ADNOC (Abu Dhabi) invested to increase its oil production capacity from 3 to 4 million barrels of oil per day by April 2020 to respond to the current market condition. This expansion will increase the sulphur production from oil refineries and serve the growing demand for sulphur in the Middle East & Africa, APAC, and Europe
April 2019, Marathon Petroleum Corporation (MPC) made a definitive purchase agreement with NOCO Incorporated (New York, US) to acquire 33 express NOCO retail stores and 900,000 barrels capacity light weight and asphalt terminal
The report analyses the global solid sulphur market based on manufacturing process, application and geography. In terms of manufacturing process, the market is divided into claus process and frasch process. Various Application studied in the market are classified into chemical processing, fertilizer, metal manufacturing, rubber processing.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe.
- The report offers changing market dynamics in the solid sulphur market, presenting historical, current and projected market size in terms of value (USD Million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of solid sulphur
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the solid sulphur market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of solid sulphur market
