Carbon Disulfide Market Size, Share & Trends Report

Carbon Disulfide Market Size, Share & Trends Analysis Report By Application (Rubber, Rayon, Fibre, Pharmaceuticals, Agriculture, Packaging), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Mar, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-334-8
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 112

Industry Insights

The global carbon disulfide market size was valued at USD 133.5 million in 2016 and is projected to expand at CAGR of 2.4% by 2025 owing to exponential growth in the demand for cellophane from the packaging industry. Increasing demand for fertilizers in developing countries is also a key growth driver. Carbon disulfide (CS2) is a toxic, colorless, and highly flammable chemical. It is a crucial raw material required to manufacture products such as carbon tetrachloride, cellophane, viscose rayon, and fertilizers. 

U.S. carbon disulfide market

Traces of carbon di sulfide are found in nature, released to the surface of the earth from over marshes or volcanic eruptions. Micro-organisms found in soil also produce gases containing CS2. Commercially, carbon di sulfide is produced through a reaction between carbon and sulfur at an extremely high temperature. Currently, viscose rayon is the largest application of carbon di sulfide, followed closely by the rubber manufacturing and fertilizer manufacturing industry. Cellophane is also a major application of CS2 and is used in packaging applications across various verticals, from food and beverages to automotive ancillaries.

Developed economies are expected to witness greater demand for carbon di sulfide, owing to growth in global agricultural produce. According to the United Nations, in 2016, Belgium was the largest importer of CS2, with a reported import of over 34.57 million kilograms.

However, stringent government regulations owing to adverse health effects associated with carbon disulfide are forcing manufacturers to explore alternatives for the compound. This is threatening to slow down the growth rate of the market for carbon di sulfide over the forecast period.

Application Insights

The rubber application segment is anticipated to cross USD 15.0 million in 2025. Carbon disulfide has been used as an accelerator in the rubber vulcanization process since the late 19th century, making it one of the oldest and most important application of the compound. 

Global carbon disulfide market

The packaging segment is projected to witness significant growth owing to exponential increase in the adoption of cellophane in the industry. Fiber is expected to be the fastest growing application over the forecast period. Carbon disulfide is a vital raw material in the textile industry and is used extensively as a catalyst in the production of fibers. Carbon di sulfide is also used extensively in the production of fertilizers.

Regional Insights

Asia Pacific is the global leader with a 34.5% share in the carbon di sulfide market revenue. China and Australia hold a major share at a country level. China manufactures the largest volume of packaging material in the world and is therefore the biggest market for cellophane. Favorable legislations and government policies have boosted the market in the country.

U.S. is now a major market for cellophane, after a slump in the previous decade. This was owing to government regulations to reduce the adoption of the compound, especially in fertilizers.

In 2016, Europe emerged as the second-largest region by revenue. The region is witnessing large-scale import activity of carbon di sulfide along with significant adoption in the rubber business. This is projected to boost market growth over the forecast period.

Carbon Di Sulphide Market Share Insights

Key players in the market include Akzo Nobel, Merck KGaA, GFS Chemical, Arkema, Avantor Performance, and Shanghai Baijin Group. The market also comprises numerous regional players catering to local markets.

Carbon di sulfide is a by-product and is therefore produced by various large-scale chemical companies for internal use. It is also a vital raw material in the production of carbon tetrachloride, which finds applications ranging from cleaning solutions to fire extinguishers.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual /Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million, Volume in Million Kilograms and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Country scope

U.S., Canada, U.K., Russia, Spain, Italy, China, India, Australia, Japan, South Korea Brazil, Saudi Arabia, UAE

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global carbon disulfide market report on the basis of application and region:

  • Application Outlook (Volume, Million Kilograms; Revenue, USD Million, 2014 - 2025)

    • Rubber

    • Rayon

    • Fibers

    • Pharmaceuticals

    • Agriculture

    • Packaging

  • Regional Outlook (Volume, Million Kilograms; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Russia

      • Germany

      • U.K.

      • Spain

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Australia

    • Central & South America

      • Brazil

    • Middle East and Africa

      • United Arab Emirates

      • Saudi Arabia

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