Indian Oil Corporation Ltd, Georgia Gulf Sulfur Corporation, Valero, Kimia Pars Co., Hydrite Chemical Co., DIC Group, TCI Chemicals Pvt. Request For Customization/Enquiry Report Attributes In addition, sulfur nanoparticles and other sulfur compounds are being developed for drug delivery applications due to their unique properties such as high surface area and high reactivity. The growing demand for novel drug delivery systems and the potential benefits of these systems is anticipated to drive the sulfur chemicals market over the forecast period. Therefore, the abovementioned factors are driving the growth of the sulfur chemical market.įurthermore, the growing application of sulfur nanoparticles in areas such as anticancer and pharmaceuticals is expected to pose a significant opportunity to the sulfur chemicals market. The rising consumption of paper due to the rising demand for paper products such as packaging, tissue paper, and printing paper which, in turn, drives the need for sulfur chemicals. Moreover, in the paper and pulp industry sulfur chemicals and deployed as bleaching agents and dechlorination agents. For instance, in 2020 according to Word Fertilizer Magazine, the total consumption of fertilizers in India was evaluated at 61.4 million tons. The increasing demand for fertilizers owing to the growing production and consumption of food is contributing to the growth of the sulfur chemicals market. Sulfur derivatives such as sulfuric acid, sodium sulfide, and others are deployed as chemical intermediates in the production of fertilizers, detergents, and various other chemicals. These elements find a wide range of applications such as agricultural sector, paper & pulp industry, and mining industry. Sulfur is a non-metallic chemical with atomic number 16.
Sulfur chemicals are a group of compounds that contain sulfur as a central element. Therefore, the abovementioned factors contributed to the growth of the sulfur chemicals market. In addition, rising mining activities owing to the growing advancements in the industry by the introduction to Industry 4.0. High demand for sulfur chemicals from various end use industries is expected to surge the growth of the sulfur chemicals market. Thus, the rising paper industry along with other end use industries is surging the demand for sulfur chemicals as a chemical intermediate.īased on Region, Europe is expected to register the fastest CAGR in the sulfur chemicals market over the forecast period. For instance, according to IPMA, in India, the Paper Industry is anticipated to grow in sync with the economic growth of about 6-8% growth per annum. In the paper industry, these compounds are used as bleaching agent and dechlorination agents. Sulfur chemicals such as sulfuric acid and sodium sulfide and others find a wide range of applications in various end use industries such as mining, paper, agriculture, and others. Therefore, the rising production and consumption of food are contributing to the growth of the segment in the sulfur chemicals market.īased on End Use Industry, the chemical industry held the largest market share in the sulfur chemicals market. For instance, according to a report published by Statista, the global fertilizer demand is forecasted to reach 208 million metric tons of nutrients by 2026. These chemicals are used to enhance the quality and quantity of the crop due to the increasing consumption of food. The fertilizer sulfur is 90% elemental sulfur that is essential for various growth functions of the plants such as protein and oil synthesis and enzyme activity. Sample Request Nowīased on Application, in 2022, the fertilizer segment dominated the sulfur chemicals market in terms of revenue. Hence, the above-mentioned factors are expected to boost the market growth of sulfur chemicals. In addition, they are also deployed in the paper industry as pulping agents to produce paper by kraft process. Sodium hydrosulfide is a sand-like solid that has a rotten egg odor and is used as a chemical intermediate in the synthesis of other chemicals including thio-chemicals. Global Sulfur Chemicals Market Segmentation Details:īased on Derivatives, the sodium hydrosulfide segment is projected to register the fastest-growing CAGR over the forecast period. Additionally, the growth of the oil and gas industry, along with the increasing use of sulfur compounds in the food industry, is also contributing to the market's expansion. The increasing demand for sulfuric acid in industrial applications, such as fertilizers, pharmaceuticals, and petrochemicals, is driving the growth of the sulfur chemicals market. New York, (GLOBE NEWSWIRE) - According to Reports Insights' research report on the global sulfur chemicals market, the industry had a valuation of USD 3.26 billion in 2022 and is expected to grow at a CAGR of 5.0% to reach USD 5.06 billion by 2030.
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