Global Solid Sulphur Industry (2020 to 2025) - Increasing Opportunities in APAC Region - ResearchAndMarkets.com

DUBLIN--()--The "Solid Sulphur Market by Manufacturing Process - Application (Fertilizer, Chemical Processing, Metal Manufacturing), Region (North America, Europe, Central Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering

The solid sulphur market size is estimated to be USD 3.2 billion in 2020 and is projected to reach USD 3.7 billion by 2025, at a CAGR of 3.0 %.

The high growth witnessed in the fertilizers sector in the developing economies of APAC is a key factor driving the solid sulphur market. APAC is the fastest-growing market in the fertilizer industry. With the boost in the economy, the APAC market has witnessed the fastest growth with respect to electronic chemicals and materials, thus fueling the demand for solid sulphur. However, the high cost of extraction through mining is a restrain.

Fertilizer segment is the largest and fastest-growing application of solid sulphur

Sulphur, being a by-product of oil and gas refineries is very economical and is widely consumed in the production of fertilizer such as calcium sulphate, which is a well-known fertilizer for preventing nutrient runoff as well as soil erosion. 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.

APAC is the largest and fastest-growing market for solid sulphur

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.

Extensive primary interviews were conducted in the process of determining and verifying the market size of different grades and applications of solid sulphur gathered through secondary research.

Market Dynamics

Drivers

  • Sustainable Demand for Sulphuric Acid in Various Applications
  • High Demand for Sulphur in Agriculture Sector

Restraints

  • High Cost of Extraction of Sulphur by Mining Process

Opportunities

  • Increasing Opportunities in APAC Region

Challenges

  • Difficulty in Transportation of Sulphur

Companies Profiled

  • Abu Dhabi National Oil Company (ADNOC)
  • Marathon Petroleum Corporation (MPC)
  • Qatar Petroleum (QP)
  • Gazprom
  • Saudi Aramco
  • Repsol
  • Chemtrade Logistics Income Fund
  • Valero Energy Corporation
  • Motiva Enterprises Llc.
  • Enersul Limited Partnership
  • Georgia Gulf Sulfur Corporation
  • Kuwait Petroleum Corporation (KPC)
  • Pbf Energy
  • Petrobras
  • Aglobis
  • H.J. Baker & Bro., Llc.
  • Phillips 66 Company
  • Exxon Mobil Corp.
  • Suncor Energy

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900