Elemental Sulfur Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2025 – 2034

Elemental Sulfur Market Size

The global elemental sulfur market generated substantial revenues in 2024 and is anticipated to grow at a healthy CAGR between 2025 and 2034, due to strong demand from agriculture and other industries, with a specific focus on sulfur-based fertilizers as well as chemical manufacturing. For instance, in January 2024, The Ministry of Chemicals and Fertilizers issued a notification to the heads of all fertilizer manufacturing companies, following the CCEA’s approval.
 

The directive cleared the way for launching sulphur-coated urea, branded as "Urea Gold," to boost development in the fertilizer sector. Additionally, market growth is driven by an increasing global population, expanding industrialized agricultural practices, and sustainable crop nutrition. Elemental sulfur is necessary to produce sulfuric acid which serves as a key raw material for the fertilizer, metal processing, petroleum refining, and pharmaceutical industries.
 

One of the key benefits of elemental sulfur is its economic and environmental repercussions when it can be produced from the byproducts of fossil fuels, particularly from natural gas and crude oil. As countries across the world are enforcing stricter environmental regulations, the demand for low-emission and sustainable chemical inputs has grown and elemental sulfur has the potential to be a primary natural raw material for green industrial practices versus traditional processes such as traditional oil refining or polymerization.
 

Also, with the advancements in sulfur recovery technology and logistics, the overall efficiency and resiliency of the sulfur market will improve. In developing economies, the overall supply side of the market will be further normalized with the capacity of refining and gas processing growing as well, which contributes to overall stability and sustainable long-term growth for the elemental sulfur industry.
 

Elemental Sulfur Market Trends

Several trends are contributing to the evolution of the elemental sulfur market. One major trend is the implementation of sustainable agricultural practices. Farmers are increasingly focusing on micronutrient management, and sulfur to balance fertility within their soils. Interest in elemental sulfur fertilizers is partly driven by the declining deposition of atmospheric sulfur as a result of industrial emissions, especially in North America and Europe.
 

Another trend is the transition of the petroleum industry toward low-sulfur fuels. This transformation requires improved sulfur recovery from crude oil and gas streams. Global regulatory requirements, such as IMO 2020, and regional clean air acts, move petroleum producers toward lower sulfur fuels. This trend in sulfur recovery is likely to be further reinforced by continued investment in sulfur recovery technologies, which ultimately will be additive to the elemental sulfur supply.
 

Simultaneously, global sulfur flows will become more integrated and efficient via digitization of logistics and inventory management that utilize real-time information about shipment size. Overall, these operational changes will improve the correlation of supply variability to reduced demand and streamline the impact of any price shocks. Finally, there is research occurring exploring alternative uses of sulfur, including energy storage systems, biodegradable plastics, and, construction materials, which are broadening the market of applications and will help define new avenues of long-term growth potential outside of traditional users and applications.
 

Elemental Sulfur Market Analysis

The gas-based elemental sulfur market generated notable revenues in 2024 because of the increase of sulfur being recovered from the processing of natural gas. Over the past decade, gas producers have recovered sulfur in greater quantities in response to environmental standards and in reducing hydrogen sulfide (H?S) emissions.  Recovery of sulfur from sour gas fields has become both an economically viable and environmentally relevant incentive, especially in the case of countries with massive reserves of natural gas, such as the United States, Qatar, Russia, and the Middle East.
 

Many processing and refineries have installed technologies such as the Claus process to convert hydrogen sulfide preferably to elemental sulfur, using gas in processing plants. Gas field processing plants have been a cost-effective and environmentally sound source of sulfur production because of environmental emission control.
 

The elemental sulfur market from agrochemical segment held the largest share in 2024 driven by the production of fertilizers and products for plant protection. Elemental sulfur is primarily used to produce sulfur-based fertilizers. Some of the most widely used are ammonium sulfate and single superphosphate which are critical fertilizers for increasing crop yield, and remediating soils deficient in sulfur. Some farmers and agribusinesses now view sulfur as a crucial secondary nutrient that is critical for plant growth, photosynthesis, and nitrogen use efficiency. The reduction in sulfur emissions from industrial operations to comply with pollution controls engaging in use and consumption patterns has reduced soil sulfur concentrations.
 

Consequently, the use of sulfur-enriched fertilizers has begun to rise as farmers and agribusinesses compensate for the lack of sulfur in soils. Elemental sulfur is also utilized in fungicides and pesticides because it protects against a broad spectrum of pests, mites, and fungal pathological diseases. It is relied upon for many integrated pest management systems and is fantastic as it is a low-cost, organic, environmental, and health-safe product.
 

Asia Pacific elemental sulfur market is anticipated to grow significantly through 2034. Demand for elemental sulfur in fertilizers catalyzed by the huge agricultural base, continued industrial growth, investments into refining and petrochemical infrastructure, and many other factors attributed to the overall industrialization of the region. Countries like China, India, Indonesia, and Vietnam consistently consume elemental sulfur for both fertilizers and industrial chemicals.
 

The importance of many sulfur-based inputs in fertilizers and chemicals in the process of sustainable agriculture and food security systems has increased the level, availability, and inclusion of sulfur-based products in food production. Reports indicate that governments are investing in programs to aid in sustainable agriculture, increase crop yield, and maintain soil health and accepting these products as part of the sulfur fertilizer mixture. The Asia Pacific region also has oil refineries and gas processing facilities with a growing number of sulfur recovery units.
 

Elemental Sulfur Market Share

Market players in the elemental sulfur industry include:

• Montana Sulphur & Chemical
• ConocoPhillips Company
• Sinopec (China Petrochemical Corporation)
• Motiva Enterprises
• Royal Dutch Shell
• Jordan Sulphur
• Abu Dhabi National Oil Company
• OAO Gazprom
• Suncor Energy
• Pemex (Secretariat of Energy)
• Flint Hills Resources (Koch Industries)
• Valero Energy Corporation
• PotashCorp
• Oxbow Corporation
   

The leading producers in the elemental sulfur sector took various actions to strengthen their position. They expanded their capacity, made vertical investments, and innovated with new products. Most sulfur producers made capital expenditures to upgrade existing sulfur recovery units both a regulatory requirement and an opportunity to improve their production capacity. Some firms solidified partnerships with fertilizer producers and agrochemical distributors to provide stable demand, as well as lock-in end-use markets.
 

Some firms promoted geographic diversification with major investments to establish an on-the-ground presence in emerging markets in Asia, Africa, and Latin America where sulfur-based fertilizers are increasing in demand. The investment in logistics infrastructure, such as sulfur terminals and sulfur storage facilities, also enabled firms to minimize operating costs and improve transit times. The firms established ingenuity as another strategic pillar as they unveiled sulfur-enhanced products targeted at specific crops and soil conditions.
 

Elemental Sulfur Industry News

• In November 2023, EuroChem-BMU completed pilot testing for producing mineral NPS fertilizers with elemental sulfur. The first 4-kiloton batch of these sulfur-based fertilizers had been prepared for supply to the Russian market.

• In June 2024, BASF Stationary Energy Storage in collaboration with NGK Insulators launched an upgraded version of sodium-sulfur (NAS) batteries. The new containerized NAS Model L24 featured several technological enhancements.