Market Size of Sulfur Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.73 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sulfur Market Analysis
The sulfur market is expected to grow from 77.30 million metric tons in 2023 to 97.41 million metric tons by 2028, at a CAGR of 4.73% during the forecast period.
Due to COVID-19, there has been a disruption in the supply of sulfur and a decline in the demand from multiple end-user industries, such as metal manufacturing and chemical processing. Moreover, the COVID-19 outbreak has completely disrupted the manufacturing and supply chains of fertilizers, which may hamper the market in the short term. However, the condition is expected to recover, which will restore the growth trajectory of the market studied during the latter half of the forecast period.
- Over the short term, major factors driving the growth of the sulfur market are the rising demand from the fertilizer manufacturing sector and the increasing usage of sulfur for the vulcanization of rubber.
- On the flip side, stringent environmental regulations regarding emissions are expected to hinder the market's growth.
- Usage of sulfur in cement polymer concrete is expected to act as an opportunity in the future.
- Asia-Pacific dominated the global market, with the largest consumption in terms of volume and value. The market is expected to witness substantial growth during the forecast period.
