Sulfur Market, By End-User Industry (Fertilizer, Chemical Processing, Metal Manufacturing, Rubber Processing, and Other End-User Industry), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034.

Report Code: PMI416420 | Publish Date: February 2024 | No. of Pages: 154

Global Sulfur Market Overview

Sulfur Market was valued at US$ 6.2 Billion in 2024 and is projected to grow at a CAGR of 0.50% to reach US$ 8.8 Billion by 2034.

Sulfur is found naturally as an element in pure state and as sulfate or sulfide minerals.  Sulfur crystals are easily differentiated by mineral collectors for their unique and bright colored polyhedron shapes. Earlier sulfur was extracted majorly from salt domes where it occurs in pure form but now this method has been obsolete owing to the new technologies. Today, majority of Sulfur is developed as a byproduct from sulfur containing contaminants from petroleum and natural gas. Commercial use of sulfur is carried out in fertilizers, due to high requirements in plants and in the manufacturing of Sulfuric acid, an important chemical used in the industry. Various other use of elemental sulfur is found in fungicides and insecticides.

Global Sulfur Market Dynamics

 Rising demand from the fertilizer manufacturing

Sulfur, being economical, is broadly consumed in production of fertilizer such as calcium sulphate, which is well known fertilizer for preventing nutrient runoff as well as soil erosion. Growing adoption of sulfur in agriculture industry as an important chemical is a major factor driving growth of the global sulfur market currently. Nitrogen (N), phosphorus (P), and potassium (K) are the critical components of a well-fertilized crop. However, to achieve good yields and more nutritious foods crops need sulfur (S). Sulfur has various functions in plants, such as synthesis of proteins, chlorophyll formation, essential in the synthesis of oils, particularly in oil crops, and is an active component in the metabolism of nitrogen.

 Rising applications in the medical and healthcare sector

Sulfur is widely used in the healthcare and medical sectors as well as therapeutic applications primarily because of its low toxicological profile and promising therapeutic effects. The various amino-acids that contain sulfur are cysteine, methionine, homocysteine, cysteine, and taurine. Nutritional supplements are given to vegans, children, athletes, and HIV patients to mitigate SAA deficiency. Methylsulfonylmethane is perceived to be effective in various health and skin problems such as treatment of pain syndromes, allergies, bladder disorders, and athletic injuries. Several other sulfur compounds such as S-adenosylmethionine, taurine, dimethyl sulfide, chondroitin sulfate, glucosamine, and glutathione also used in various medical and clinical applications.

High cost of extraction

Extraction of sulfur from the mining process is very costly, which is anticipated to hamper growth of the global market. Also, harmful effects of sulfur on human health, such as problems associated with nose and throat is projected to limit growth of the global market. Stringent environmental regulations regarding emissions are expected to hinder the market growth.

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Global Sulfur Market Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The global sulfur market is segmented based on end-user industry, and region.

Based on end-user industry, the global sulfur market is classified into fertilizer, chemical processing, metal manufacturing, rubber processing, and other end-user industry.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the global sulfur market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific dominates the global market in terms of revenue and is projected to continue its dominance in the coming years, owing to the growing demand for sulfur in fertilizer and rubber processing from countries, such as China, India, etc. The energy production in China has been rising in recent decades across the oil and gas sector, leading to a boost in domestic sulfur recovery. Developments in the Sichuan province have led to a significant increase in sulfur production capacity. Additionally, oil palm, rubber, and sugarcane account for almost 95% of ASEAN fertilizers demand. Plantations are expected to be the main driver for the fertilizer demand growth in the next few years, and in turn, this may drive the sulfur market.

 

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Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By End-User Industry – Fertilizer, Chemical Processing, Metal Manufacturing, Rubber Processing, and Other End-User Industry

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global sulfur market report based on test, end-user industry, and region:

Global Sulfur Market, By End-User Industry:

  • Fertilizer
  • Chemical Processing
  • Metal Manufacturing
  • Rubber Processing
  • Other End-User Industry

Global Sulfur Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Sulfur Market Key Players

The key players operating the sulfur market includes Sinopec Corporation, Gazprom, The Saudi Arabian Oil Company, Abu Dhabi National Oil Company, Tengizchevroil LLP, Jordan Sulphur, Ohio Sulfur Mining Company, Freeport Sulfur Company, Texas Gulf Sulfur Company and Merafe Resources Ltd. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in October 2019, Gazprom and BASF promote technology cooperation.

Global Sulfur Market Company Profile

  • Sinopec Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gazprom
  • The Saudi Arabian Oil Company
  • Abu Dhabi National Oil Company
  • Tengizchevroil LLP
  • Jordan Sulphur
  • Ohio Sulfur Mining Company
  • Freeport Sulfur Company
  • Texas Gulf Sulfur Company
  • Merafe Resources Ltd

 “*” marked represents similar segmentation in other categories in the respective section

Global Sulfur Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By End-User Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Sulfur Market, By End-User Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Fertilizer
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Chemical Processing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Metal Manufacturing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Rubber Processing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other End-User Industry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Sulfur Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Sinopec Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Gazprom
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Saudi Arabian Oil Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Abu Dhabi National Oil Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tengizchevroil LLP
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Jordan Sulphur
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ohio Sulfur Mining Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Freeport Sulfur Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Texas Gulf Sulfur Company 
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Merafe Resources Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The global sulfur market is segmented based on end-user industry, and region

Rising demand from the fertilizer manufacturing

The market in Asia Pacific dominates the global market in terms of revenue and is projected to continue its dominance in the coming years, owing to the growing demand for sulfur in fertilizer and rubber processing from countries, such as China, India, etc.

Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in October 2019, Gazprom and BASF promote technology cooperation.