H1 2023: The prominent Sulphur producers in H1 2023 were ADNOC, Shell, and SINOPEC. However, ADNOC held the largest production capacity of Sulphur at Shah Gas Plant located at Abu Dhabi, United Arab Emirates. In H1 2023, Asia Pacific region witnessed bearish market behavior of the Sulphur market.Sulphur market value of declined in the Asian market from January 2023, with low demand from the downstream chemical and refining industries in this region. Although, the supply chain situation was smooth with optimum inventory levels to meet the demand of downstream industries. In March 2023, Sulphur prices in the Chinese market dropped drastically with high supply and sluggish demand from the downstream chemical and petroleum industries. Similar behavior was observed in the Indian Sulphur market, as prices dropped throughout H1 2023, backed by increase of Sulphur stockpiles and weak demand by the end-user industries like chemical and fertilizer industries. In the German market, Sulphur prices fell sharply from the beginning of H1 2023. There was abundance of raw material in Germany, and low consumption by the downstream industries like chemicals and petrochemicals leading to surplus of Sulphur in the German market, thus, resulting in an eventual fall of Sulphur prices.
The global Sulphur market stood at approximately 67 million tonnes in 2022 and is expected to grow at a CAGR of 3.24% during the forecast period until 2032. Sulphur as an essential element for proper growth & development of fertilizers which are utilized by the agriculture sector. Its application for manufacturing chemicals is another popular application of Sulphur market.
Sulphur is a chemical element which is non-metallic, tasteless, and odorless in nature. This element occurs naturally in sulphide minerals. It is also produced by-product of a number of chemicals processes, including the coking, refining of crude oil, the processing of heavy oil and natural gas, and metallurgical operations. Sulphur has multiple applications across various industries such as used in automotive industry for production of car batteries, other include oil refining, pesticides, gunpowder & detergent making etc. Sulphur is also being widely used across paper industry for bleaching purpose. Furthermore, it is widely employed for synthesizing phosphate fertilizers, which is one of its largest applications.
The primary market driver of the global Sulphur market industry is the Chemical industry. Growing requirement for these chemical compounds in expanding downstream sector is anticipated to augment the growth of the global Sulphur market in the forecast period. Other important applications of Sulphur is its use in metal processing and cement polymer concrete for construction industry further drive the Sulphur market in coming years. The global Sulphur market is anticipated to reach approximately 92.5 million tonnes by 2032.
Asia Pacific is the dominating all over the world with the highest demand of Sulphur. This region consumed roughly 32% of the global Sulphur market in 2022. In the upcoming years, the global Sulphur market is anticipated to grow in this region due to rising investments in agricultural operations and rising vulcanized rubber production in tires of automobile segment. Owing to government increase of expenditure, there will be a fast-paced industrialization in countries like India and China, creating major demand of Sulphur in the forecast period. Europe stands as the second largest consumer of Sulphur across the globe. Furthermore, USA is the leading producer of Sulphur with huge manufacturers like ExxonMobil and Chevron USA Inc located in the USA.
Based on the end-user industry, the Sulphur market is segmented into sectors like Chemical Application, Rubber Industry, Pharmaceutical Industry, and Others. Among these, Chemical Application industry account for most of the share of total Sulphur demand of around 90% in 2022, followed by the Rubber industry which is estimated to be growing at a highest rate during the forecast period.
Significant companies for Global Sulphur market are The New Zealand Refining Co., Ltd., ADNOC, Shell, SINOPEC, ExxonMobil, Saudi Aramco, The China National Petroleum Corporation, Reliance Petroleum's, Valero Refining New Orleans LLC, Agip-KCO, Phillips 66 Company, BP America, Inc., Syncrude Canada Ltd., and Kuwait National Petroleum Company.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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The objective of the Study:
• To assess the demand-supply scenario of Sulphur, which covers the production, demand, and supply of Sulphur around the globe.
• To analyze and forecast the market size of Sulphur.
• To classify and forecast the Global Sulphur market based on end-use and regional distribution.
• To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Sulphur market.
To extract data for the Global Sulphur market, primary research surveys were conducted with Sulphur 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 the Global Sulphur market over the coming years.
ChemAnalyst calculated Sulphur demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Sulphur across the globe. 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:
• Sulphur manufacturers and other stakeholders
• Organizations, forums and alliances related to Sulphur 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 Sulphur manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sulphur 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
67 million tonnes
Market size Volume by 2032
92.5 million tonnes
Growth Rate
CAGR of 3.24% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in million 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, Foreign Trade, Company Share
Segments covered
By End-Use: (Chemical Application, Rubber Industry, Pharmaceutical industry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What was the global market size of Sulphur in terms of volume for 2022?
Ans:
The global market size of Sulphur was approximately 67 million tonnes in 2022, and it is expected to soar with a CAGR of 3.25% in the forecast period.
Q2.
What are the major end-use industries of Sulphur?
Ans:
Sulphur is used in a wide range of end use industries such Chemical Application, Rubber Industry, Pharmaceutical industry, and Others.
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