Global Elemental Sulfur Market to reach USD 7.49 billion by 2027.Global Elemental Sulfur Market is valued at approximately USD 6.09 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.00 % over the forecast period 2021-2027. Elemental Sulfur is a chemical used in several agrochemical industries for producing insecticides and fertilizers. Also, it is an essential ingredient for the manufacture of black gunpowder, insecticides, detergents, disinfectants, fertilizers, dyestuffs, pharmaceuticals, and many other products. The Increasing food production across the globe, increasing geriatric population, has led to the adoption of Elemental Sulfur across the forecast period. Increase in food production is supported by huge government investment in the agriculture industry. For Instance: In India as per the department of agriculture, under PMKSY ???3645 crore is allocated in agriculture FY20-21 and in Australia total package is $72.685 million over three years as per the Department of Agriculture, Water and the Environment they will receive $29.76 1 million over two years and Austrade $42.924 million over three years under the agriculture. Also, with the increasing awareness regarding the importance of sulphur in fertilizers, the adoption & demand for Elemental Sulfur is likely to increase the market growth during the forecast period. However, government regulations impede the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Elemental Sulfur market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to adoption and awareness of the latest farm equipment, precision agriculture. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as rising disposable income, increasing demand for food with the rise in population would create a strong affinity for growth prospects for the Elemental Sulfur Market across Asia-Pacific region.
Major market players included in this report are:
Montana Sulphur & Chemical Co.
Pemex
OAO Gazprom
Abu Dhabi National Oil Company
Motiva Enterprises LLC
ConocoPhillips Company
Oxbow Corporation
PotashCorp
Suncor Energy Inc.
Flint Hills Resources
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Agrochemicals
Chemical & Petroleum Refining
Rubber & Plastics
Mining & Metallurgy
Paper & Pulp
By Source:
Gas-Based
Oil-Based
Mining
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Elemental Sulfur Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
