Market Size of ASEAN Sulfur Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
ASEAN Sulfur Market Analysis
The market for Sulfur in ASEAN region is expected to grow at a CAGR of over 3% during the forecast period. Major factors driving the market studied are rising demand from the fertilizer manufacturing sector and increasing usage of sulfur for the vulcanization of rubber. On the flipside, stringent environmental regulations regarding emissions and unfavorable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.
- Usage of sulfur in cement polymer concrete is expected to offer lucrative opportunities for the growth of market in the future.
- By end-user industry, fertilizer segment accounted for the largest share.
- By country, Indonesia is expected to dominate the market during the forecast period.
