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Sulfur is a non-metallic chemical element and is one of the most reactive elements. Elemental sulfur is bright yellow and is crystalline solid at room temperature. On Earth, sulfur is usually found in its native form or as sulfide and sulfate minerals. Today almost all of the sulfur is produced as a by-product of removing sulfur contaminants from petroleum and natural gas. Sulfur is largely used in the manufacturing of the sulphuric acid for phosphate and non-phosphate fertilizers.
Key Market Driver -
Rise in demand for fertilizers in plantations
Key Market Restraint -
Harmful effects of sulphur and its derivatives
The key market driver for the global sulfur market is the increasing demand for fertilizers for plantations of oil palm, rubber and sugarcane. About one-third of the world’s total rubber consumption is natural rubber produced at plantations in Thailand, Indonesia, and Malaysia.
Key market restraint for the global sulfur market is the harmful effects of sulfur and its derivatives. Sulfur derivatives such as sulfur dioxide and hydrogen sulfide are known to have effects on the environment as well as humans and animals. Effects such as heart damage, neurological effects, damage to the immune system, effect on eyesight, suffocation, and others, are caused due to excess inhalation and consumption of sulfur and its derivatives.
Based on end-use industry, the market is segmented into agro-chemicals, chemical, metal, petroleum, rubber, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Some of the notable companies in global sulfur market are SINOPEC, Oxbow Corporation, Marathon Petroleum Company LLC, Saudi Aramco, GAZPROM, PVS Chemicals, Qatar Petroleum, Abu Dhabi National Oil Company, Tengizchevroil LLP, Chemtrade, and other key players.
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The global sulfur market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global sulfur market is dominated by Asia-Pacific region. Growing demand for sulfur in the fertilizer and rubber processing industries from countries like China, India, and others, is contributing towards the dominance of Asia-Pacific. Plantations of oil palm, rubber and sugarcane account for almost 95% of ASEAN fertilizer demand. In North America, increase in the production of metals has significantly increased the consumption of sulphuric acid for leaching of metals from their oxides. In Europe, Germany, the UK, France, Russia, and Italy, have shown moderate growth in sulfur market.
By End-Use Industry
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