Elemental Sulfur Market Key Players, Industry Overview and Forecasts To 2028
Elemental sulfur is widely used in several agro chemical industries for producing insecticides and fertilizers. Several rubber manufacturing companies use elemental sulfur to vulcanize the rubber. Furthermore, it is an essential ingredient for the manufacture of black gunpowder, insecticides, detergents, disinfectants, fertilizers, dyestuffs, pharmaceuticals, and many other products. The growing demand of elemental sulfur in various industries is a vital factor propelling the global elemental sulfur market.An upcoming report by Transparency Market Research on the global elemental sulfur market would help readers gauge various factors associated with the market. It will help readers understand marker projection of the global elemental sulfur market for coming years. This compilation is intended to provide a comprehensive view of the global elemental sulfur market including opportunities and challenges witnessed by the business. The report includes analysis of micro and macro factors essential for existing players and new entrants for detailed evaluation of the market
The increased demand of elemental sulfur by the end use industries like agrochemical, petroleum refining industries, and rubber manufactories companies is mainly driving the global elemental sulfur market. Further, increasing use of elemental sulfur for mining activities is also boosting the market of elemental sulfur. On the basis of end users, the agrochemical industry holds maximum potential for growth in the global elemental sulfur market. It involves application of elemental sulfur for manufacturing of phosphate based fertilizer, which is expected to rise exponentially in near future due to huge demand from emerging economies. However, high costs associated with mining of sulfur and strict government regulation regarding usage of sulfur may hamper the global elemental sulfur market. Despite it, the global elemental sulfur market would continue to rise owing to factors like rapid industrialization across the globe. Also, increased investments by the key players of the developing economies are some other drivers of the global elemental sulfur market.
Based on regions, the global elemental sulfur market can be divided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all the regions, Asia Pacific is expected to dominate the global elemental sulfur market in near future. This is due to increased demand for elemental sulfur in rubber and petroleum refining industries and agricultural sector. Rise in the usage of elemental sulfur for mining activities in emerging economies is other factor aiding the global elemental sulfur market.
The global elemental sulfur market is likely to witness a fierce competition owing to the presence several players in the market. The key players of the market are adopting several new and innovative strategies to stay ahead of each other. Some of the prominent players in the global elemental sulfur market are Motiva Enterprises, Jordan Sulphur, Oxbow Corporation, Motiva Enterprises, ConocoPhillips Company, and Tengizchevroil.