H1 2023: In the first half of 2023, the Carbon Disulphide market in the Asia Pacific region witnessed mixed prices. In Q1 2023, Carbon disulfide prices witnessed a decline in China due to a sluggish purchasing sentiment prevailing in the market. Operating rates in China maintained a moderate level, influenced by subdued consumption from downstream industries. The reduction in the prices of feedstock Sulphur contributed to the lowering of production costs for Carbon disulfide within the domestic market. Demand from downstream sectors like rubber and packaging experienced a slowdown, both domestically and internationally, leading to market participants reporting limited new orders from end-users. Moving into the second quarter of 2023, Carbon disulfide prices continued their descent in China. Manufacturers exhibited reluctance to destock existing inventories for fresh production in the domestic market. Consequently, successive reductions were implemented to stimulate shipments. The cost pressure from feedstock Sulphur proved insufficient, as its prices continued to trend downward according to market reports. China's economy slowed down in April-June amid steepening deflation and weakened demand from overseas markets. On the demand side, inquiries from downstream packaging and fertilizers remained average, contributing to declining consumption rates. Downstream procurement was found to be average, and the availability of finished Carbon disulfide stock in the Chinese market further weighed down prices.
The global Carbon Disulphide market stood at approximately 2200 thousand tonnes in 2022 and is anticipated to grow at a healthy CAGR of 3% during the forecast period until 2032.
Carbon disulfide (CS2) finds multifaceted applications across diverse industries. Primarily recognized as a solvent, it plays a crucial role in chemical processes, particularly in the production of cellulose and rayon. Its efficacy as a solvent extends to the extraction of oils from seeds, contributing to the manufacture of vegetable oils and fats. Notably, carbon disulfide serves a pivotal function in the rubber industry, where it participates in the vulcanization process, enhancing the strength and elasticity of rubber materials. Furthermore, it acts as a precursor in the synthesis of carbon tetrachloride, a versatile chemical used in fire extinguishers and refrigerants. In agriculture, carbon disulfide is utilized in the production of pesticides, showcasing its significance in modern farming practices. The textile industry also benefits from carbon disulfide, as it is integral to the manufacturing of viscose rayon fibers, widely employed in textiles. Beyond its role in materials and chemical production, carbon disulfide serves as a solvent in the creation of dyes and pharmaceuticals.
The Carbon Disulfide market experiences robust growth driven by its pivotal roles in diverse end-use applications, notably in packaging, agriculture, and the production of rayon. In the packaging sector, carbon disulfide serves as a crucial solvent, playing a key role in the synthesis of coatings and films for various packaging materials. Its contributions enhance material properties, ensuring durability and improved barrier characteristics to meet the stringent requirements of the packaging industry. The agricultural sector witnesses a significant driver in carbon disulfide's role as a raw material in the manufacturing of pesticides. This application addresses the demand for effective pest control and crop protection, supporting sustainable agricultural practices. Furthermore, carbon disulfide emerges as a vital component in the production of viscose rayon fibers, a key driver in the textile industry. Its use in the manufacturing process of rayon fibers underscores its indispensability in creating versatile and durable textile materials. Collectively, these end-use applications underscore carbon disulfide's versatility, highlighting its essential role across industries and its crucial contribution to meeting the evolving needs of packaging, agriculture, and textile sectors, fostering the sustained growth of the Carbon Disulfide market. The global Carbon Disulphide market size is anticipated to reach nearly 3000 thousand tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Carbon Disulphide. The Asia Pacific region is positioned to be the predominant player in the Carbon Disulfide market in the upcoming years, driven by robust industrialization and economic growth, particularly in key economies like China and India. This dominance is further solidified by the region's central role in global textile manufacturing, where Carbon Disulfide is integral in rayon fiber production. The thriving agricultural sector aligns Carbon Disulfide's application in pesticide manufacturing with the region's agricultural practices, ensuring resilience in the face of evolving food demands. Strategic investments in infrastructure, coupled with the expanding packaging industry, contribute to the region's comprehensive influence in the Carbon Disulfide market. Furthermore, potential industrial relocation due to stringent environmental regulations in developed regions underscores the strategic advantage of Asia Pacific in this market.
Based on the end-user industry, the global Carbon Disulphide market is divided into Packaging, Rubber, Fibers (Rayon), Agriculture, and Others. However, Packaging Industry dominates the global Carbon Disulphide market followed by Fibers (Rayon)industry.
Major players in the Global Carbon Disulphide market are Nouryon, Avantor Performance Materials, Inc., Akzo Nobel N.V., GFS Chemicals, Inc., Arkema Group, Shanghai Baijin Chemical Group Co., Ltd, Indobaijin Chemicals Pvt Ltd and others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Carbon Disulphide which covers production, demand and supply of Carbon Disulphide market in the globe.
• To analyse and forecast the market size of Carbon Disulphide
• To classify and forecast Global Carbon Disulphide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Carbon Disulphide market in the globe.
To extract data for Global Carbon Disulphide market, primary research surveys were conducted with Carbon Disulphide manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Carbon Disulphide market over the coming years.
ChemAnalyst calculated Carbon Disulphide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Carbon Disulphide. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Carbon Disulphide manufacturers and other stakeholders
• Organizations, forums and alliances related to Carbon Disulphide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Carbon Disulphide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Carbon Disulphide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
2200 thousand tonnes
Market size Volume in 2032
3000 thousand tonnes
Growth Rate
CAGR of 3% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered
By End-Use: (Packaging, Rubber Processing, Fibers (Rayon), Agriculture, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Carbon Disulphide in terms of volume in 2022?
Ans:
The global market size of Carbon Disulphide had reached approximately 2200 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Carbon Disulphide?
Ans:
Asia Pacific region is the leading consumer of Carbon Disulphide globally.
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