Sulfur Chemicals: Introduction
· Sulfur is among the most important raw materials in the chemical industry. Majority of the sulfur is used in the preparation of its derivatives such as sodium hydro sulfide, sodium hydrosulfite, sodium sulfide, sodium sulfite, sodium thiosulfate, and sulfuric acid. These chemicals are extensively used in paper, pulp, water treatment, photographic, and textile industries.
Key Drivers of Global Sulfur Chemicals Market
· Rise in demand for sulfur chemicals in various end-use industries such as food, wine, pharmaceuticals, oil & gas, agriculture, detergents, and bio-chemical processes is boosting the global sulfur chemicals market. Sulfur chemicals are also vital ingredients in fertilizers. They are used in the vulcanization of black rubber, plaster production in the construction industry, and treatment of bacterial, fungal, and skin related diseases.
· Rise in awareness about hygiene and cleanliness is driving the demand for sulfur chemicals, as sulfur is used in the manufacture of detergents. It also acts as an anti-bacterial agent.
· Growth of the food industry in emerging countries of Asia Pacific is expected to offer new opportunities to the sulfur chemicals market. Rise in population is anticipated to boost the demand for food and food products. This augurs well for the sulfur chemicals market. On the other hand, sulfuric acid is one of the primary causes of environmental pollution. It reacts with the atmosphere, forming smog and causing acid rain. This may lead to health hazards such as respiratory disorders or skin inflammations among human beings. Therefore, environmental and health issues are expected to hamper the sulfur chemicals market in the near future.
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Rubber Application Segment Expected to Expand at Significant Pace
· Rubber is one of the major applications of the global sulfur chemicals market. Sulfur is used in the vulcanization of black rubber. Growth of the rubber industry is projected to bolster the sulfur chemicals market during the forecast period. Mercaptans, which are organosulfur compounds, are added to gas supplies for their peculiar smell so that gas leak can be identified.
· The oil & gas industry has been expanding significantly since the last few years. Sulfur is used during the oil refining process. This trend is projected to positively influence the sulfur chemicals market during the forecast period.
COVID-19 Impact on Sulfur Chemicals Market
· The global COVID-19 pandemic has led to a sudden pause in manufacturing activities across the globe, thus affecting the demand for various products. Critically impacted end-use industries include rubber, oil & gas, textile, and electronics. Sulfur chemicals is used extensively in these industries. This has hampered the sulfur chemicals market.
· Contrary to the trend prevalent in the industry in general, certain segments of the market such as detergents and pharmaceuticals are witnessing a surge in demand in the health care sector. This is expected to propel the demand for sulfur chemicals in these applications.
· Easing of restrictions and recovery of economic activities in the consumer goods market space are anticipated to augment the demand for sulfur chemicals in the near future
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Asia Pacific to Hold Significant Share of Global Sulfur Chemicals Market
· In terms of region, the global sulfur chemicals market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
· Asia Pacific is expected to lead the sulfur chemicals market owing to high demand for the chemical in the food industry. Rise in disposable income and changing lifestyle of the people in emerging countries such as China and India is boosting the consumption of processed food. Increase in focus of the textile industry on developing countries such as China and India is also driving the sulfur chemicals market in the region. Sulfur chemicals are used in the production of textiles. Sodium hydrosulfide is used extensively for dyeing. These factors are driving the demand for sulfur chemicals in Asia Pacific.
· Rise in disposable income of consumers is boosting the demand for processed food in North America, Latin America, and Europe. This is creating immense demand for preservatives. In turn, this is driving the sulfur chemicals market in these regions. Strict regulations regarding water treatment have propelled the demand for sulfur chemicals in North America. The sulfur chemicals market in Middle East and Africa is also expected to witness significant growth in the next few years.
Key Players Operating in Market
The global sulfur chemicals market is consolidated, with few major players holding significant share of the market. These few players are expected to account for 40% to 50% share of the global market in the near future. Expansion, acquisition, joint venture, and collaboration are among the key strategies adopted by major players to increase their footprint in the global sulfur chemicals market.
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Prominent players operating in the global sulfur chemicals market include:
· Georgia Gulf Sulfur Corporation
· Eastman Chemical Company
· ENERSUL
· Indian Oil Corporation Limited
· The STEBBINS Engineering and Manufacturing Company
· Hydrite Chemical Co.
· Valero
Global Sulfur Chemicals Market: Research Scope
Global Sulfur Chemicals Market, by Derivative
· Sodium Hydrosulfide
· Sodium Hydrosulfite
· Sodium Sulfide
· Sodium Sulfite
· Sodium Thiosulfate
· Sodium Formaldehyde Sulfoxylate
· Sulfuric Acid
· Sulfur Dioxide
· Others
Global Sulfur Chemicals Market, by Application
· Food & Beverages
· Pharmaceuticals
· Oil & Gas
· Agriculture
· Textile & Leather
· Agriculture
· Rubber
· Cleaning Chemicals
· Others
Global Sulfur Chemicals Market, by Region
· North America
o U.S.
o Canada
· Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia & CIS
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o ASEAN
o Rest of Asia Pacific
· Latin America
o Brazil
o Mexico
o Rest of Latin America
· Middle East & Africa
o GCC
o South Africa
o Rest of Middle East & Africa
The Sulfur Chemicals market has been undergoing some remarkable growth dynamics, shaped increasingly by digital technologies and environmental sustainability concerns of product development. Over the decades, the feedstock variability and the onslaught of cheaper substitutes have squeezed in profit margins of the chemical and materials sector. On the other hand, the value chain of several businesses in the Sulfur Chemicals market has undergone overhaul, increasingly rendering some aspiring players with greater control over the forces and demand. The penetration of Industry 4.0 in in the market has stirred game-changing trends for range of stakeholders in the overall chemicals and materials sector. Manufacturing and production environments of businesses in the Sulfur Chemicals market are keen on formulating and implementing strategic frameworks that will turn them into digital enterprises.
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