Sulfur Market Size

Statistics for the 2023 & 2024 Sulfur market size, created by Mordor Intelligence™ Industry Reports. Sulfur size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Sulfur Industry

Sulfur Market Summary
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

Sulfur Market 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?

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.

Sulfur Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)