Elemental Sulfur Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4136
Elemental Sulfur Market size is anticipated to attain significant growth in the upcoming years as a result of growing product demand from agrochemical industry. Sulfur is a natural occurring non-metallic, multivalent and a tasteless element. The product is generally recognized by its yellowish color and is found in mineral springs, water, Epsom salts, gypsum, barite, zinc blende, iron pyrites and in many minerals as well as ores. Elemental sulfur is mostly used in manufacturing of sulfhydryl, carbon sulfides, sulfuric acids, sulfites and sulfurous gas. Furthermore, sulfur has also been utilized in producing fertilizers, insecticides, detergents, black gunpowder, disinfectants, dyestuffs, pharmaceutical etc. Variety of sulfur products are utilized as additives in various scentless gases in order to recognize leakage with sulfur’s aroma.
Rising product demand from fertilizer sector together with increasing product use in rubber vulcanization are few major factors uplifting the elemental sulfur market size by 2025. Adding further, refineries worldwide are expanding their capacities and are practicing various brownfield activities which is likely to trigger sulfur demand in the coming years. Vulcanization process in rubber manufacturing utilizes rubber as the major ingredient and hence increasing rubber production is anticipated to drive the product demand. However, agrochemical industry continues to remain the key consumer of sulfur owing to its ability to be used in manufacturing fertilizers. Phosphate fertilizers are the major product of elemental sulfur which is used in agrochemical industry. Rising demand from phosphate fertilizers production supported by capacity additions in the production process is expected to fuel the demand of sulfur in agrochemical industry.
Strict government regulations regarding the sulfur use coupled with high mining costs is hampering the elemental sulfur market growth. Also, derivative produced from sulfur like hydrogen sulfide and sulfur dioxide are toxic in nature. Some of the effects caused by sulfur substances to human health are heart damage, reproductive failure, hearing defects, blood circulation disturbance etc.
Sulfur is produced by crude oil, gas or through mining procedures. There exist several technologies to recover sulfur. It generally includes covering hydrogen sulfide into elemental sulfur. Hydrogen sulfide is a by a product of crude oil and hence is recovered by a technology called Claus process. Although sulfur also exists in natural form and is known as one of the most abundant elements in earth’s crust. The product can be produced through mining easily. Frasch process is used for extracting sulfur from deposits present in underground earth.
On the basis of application, the elemental sulfur market is categorized into agrochemicals, paper & pulp, petroleum refining, rubber & plastics, mining & metallurgy and other. Agrichemical industry has been dominating the application segment of global market. Increasing product use in the production of phosphate fertilizers is expected to drive the growth of this segment. Moreover, 90% of sulfur which is produced globally is utilized in the production of hydrogen sulfide, which is alter when used in petroleum refining, metal bleaching, automobile batteries and in many other applications. Within chemical industry, rising demand of sulfuric acid in wastewater management activities, controlling PH and in many other processes is expected to trigger the market size in the near future.
Asia Pacific elemental sulfur market size has been emerging owing to rising product demand from petroleum refining and rubber industry. Also, rising development in agricultural sector and increasing consumption in mining activities can uplift the overall product demand in the region. North America possess quite high potential for the market due to growing product demand in production of inorganic fertilizers. Also, sulfur is used in metal leaching from oxide ores. On the other hand, Europe is expected to face a larger demand for sulfur and related products due to its well-established paper & pulp industry.
Key market players in the elemental sulfur market are Jordan Sulphur, Suncor Energy, Montana Sulphur & Chemical, Oxbow Corporation, Flint Hills Resources, PotashCorp, ConocoPhillips Company, Abu Dhabi National Oil Company, OAO Gazprom, Royal Dutch Shell, Pemex, Valero Energy Corporation, Sinopec, The Saudi Arabian Oil Company, Exxon Mobile Corporation, etc.
Elemental Sulfur Market, By Type, 2014-2025 (USD Million)
- Oil Based
- Gas Based
Elemental Sulfur Market, By Application, 2014-2025 (USD Million)
- Petroleum Refining
- Rubbers and Plastics
- Mining and Metallurgy
- Paper and Pulp
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Jordan Sulphur
- Montana Sulphur & Chemical
- Flint Hills Resources
- Suncor Energy
- Oxbow Corporation
- ConocoPhillips Company
- Motiva Enterprises
- Abu Dhabi National Oil Company
- OAO Gazprom
- Royal Dutch Shell
- Valero Energy Corporation
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