The global sulfur chemicals market is poised to witness significant gains over the next seven years owing to the surge in demand from major end-use industries. The biochemical processes industry has observed rapid growth over the last few years. Sulfur when used in a metabolic reaction provides respiratory material and oxygen alternative. This trend is estimated to boost the market growth over the next seven years. The food industry has observed massive growth over the last few years and is further anticipated to grow over the forecast period. Sulfur chemicals are used in the food preservation process. Once added to food it acts as an antioxidant and reduces the bacterial content of that food product. This is estimated to positively influence market growth. The winemaking industry is also projected to witness brisk growth over the forecast period. Sulfur dioxide gas is added to the winemaking process in order to lengthen the preservation process. The preservation process is a vital point for the wine-producing industry. This is anticipated to further enhance market growth. The pharmaceutical industry which has immense use for sulfur chemical is expected to augment the global sulfur chemical market growth.
Sulfur chemicals are an extremely strong oxidizing agent that is used in various medicines for the treatment of bacteria, fungus, and skin-related diseases. The agriculture industry has witness swift growth over the past few years in North America. Sulfur chemicals are vital components in fertilizer manufacturing. Calcium sulfate is insoluble in water and therefore cannot be absorbed by plants. Thus it helps in providing more nourishment for the fertilizers. This trend is presumed to boost the global sulfur chemicals market growth over the next seven years. Growing consumer awareness for cleanliness is expected to be beneficial for the market. Detergent usage has enhanced global market growth over the past few years.
Sulfur chemicals are used as an anti-bacterial agent in detergents. The rubber industry is one of the major end-use applications for the sulfur chemicals industry. Sulfur is used for the vulcanization of black rubber. Recent growth in the rubber industry is predicted to bolster market growth over the forecast period. Mercaptans, which are organo sulfur compounds are added to gas supplies for their peculiar smell so that a gas leak can be identified. The natural gas industry has also witnessed immense growth over the last few years. This trend is also touted to increase market growth. The oil & gas industry has always witnessed tremendous growth. Sulfur is used during the oil refining process. This trend is projected to positively influence market growth over the forecast period. The construction industry uses sulfur for plaster production. Which has observed maximum growth in the recent past and is touted to bolster the overall market growth. Sulfuric acid which is a chemical compound of sulfur is known for polluting the environment. Its reaction with the atmosphere leads to smog and acid rain. This factor is slated to hamper the global sulfur chemicals market growth over the next seven years. Health and respiratory hazards caused due to sulfuric acid are also predicted to hinder the market growth.
Asia Pacific has dominated the global sulfur chemicals market owing to huge consumption by the regional industry participants over the last seven years. Countries such as India, Indonesia, Malaysia, and China have dominated the regional market. Europe and North America are also expected to witness substantial growth owing to large fertilizer consumption. Middle East & Africa and Latin America are expected to observe increase in demand over the next seven years.
Prominent global sulfur chemicals industry participants include Indian Oil Corporation Limited, Georgia Gulf Sulfur Corporation, Valero, Eastman Chemical Company, Hydrite chemical Company, ENERSUL, and The STEBBINS Engineering and Manufacturing Company.
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Demand across the organic chemicals sector shall register a slump in growth albeit increasing demand for certain chemicals that find end applications in healthcare and food. Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate supply agreements. The report will account for Covid19 as a key market contributor.
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