sulfur types
SULPHUR

Market Overview

The sulfur market is expected to register a CAGR of over 3%, during the forecast period. Major factors driving the growth of the sulfur market are the rising demand from the fertilizer manufacturing sector and increasing usage of sulfur for the vulcanization of rubber. On the flip side, stringent environmental regulations regarding emissions are expected to hinder the market growth.

Key Market Trends

Increasing Demand from Chemical Processing

About 90% of sulfur produced or extracted is used to make sulfur dioxide, which is then converted to sulfuric acid. The majority of the acid is used in the production of phosphate fertilizers, which is a crucial component of the food and beverage industry.

Such positive factors are expected to drive the sulfur market through the forecast period.

Increasing agricultural output globally is increasing the demand for sulphuric acid in the global market. By 2026, calorie availability is projected to reach 2,450 kcal per day on average in least-developed countries and exceed 3,000 kcal per day in other developing countries. This is expected to increase the demand for agricultural crops in the global market, which in turn, may increase the demand for phosphate fertilizers, thus, driving up the demand for sulfur in chemical manufacturing.

According to the Food and Agriculture Organization of the United Nations, the annual demand for sulfur fertilizer is expected to reach around 69 million metric ton, by 2020.

Increasing crop prices have resulted in increasing demand for fertilizers. Additionally, favorable weather has also increased the demand for fertilizers in major agricultural regions.

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Sulphur Key Market Trends

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