CHICAGO, May 7, 2020 /PRNewswire/ -- According to the new market research report "Solid Sulphur Market by Manufacturing Process - Application (Fertilizer, Chemical Processing, Metal Manufacturing), Region (North America, Europe, Central Europe, APAC, Middle East & Africa, South America) - Global Forecast To 2025", published by MarketsandMarkets™, the Solid Sulphur Market size is projected to grow from USD 3.2 billion in 2020 to USD 3.7 billion by 2025, at a CAGR of 3.0% during the forecast period. The increasing demand for fertilizer products and growth in the developing economies in APAC and sustainable demand for sulphuric acid due to its diversified applications is expected to boost the market during the forecast period.
Request for PDF Brochure:
Browse in-depth TOC on "Solid Sulphur Market"
110 – Market Data Tables
43 – Figures
160 – Pages
View Detailed Table of Content Here:
Fertilizer segment is estimated to dominate the solid sulphur market.
The fertilizer segment was the most significant consumer of solid sulphur in 2019. Owing to the growing concern of people regarding healthy lifestyle and nutritious diet, the demand for nutrient-rich food crops is increasing, which can only be met by healthy crop growth. This has increased the use of fertilizers and pesticides for growing healthy crop, thereby, fueling the consumption of solid sulphur. The fertilizer segment is also projected to be the fastest-growing application of solid sulphur during the forecast period.
Claus process is the largest and fastest-growing type of manufacturing in the solid sulphur market.
Claus process is the most widely used method for the manufacturing of solid sulphur. Today, crude oil and natural gas are the most common and abundant source of sulphur and most of the oil & gas refining plants use Claus process to remove sulphur from crude oil and natural gas. The market in this segment is growing because of growing oil and gas production worldwide. In 2019, 95% of the total sulphur production was through the Claus process.
Request Sample Pages:
APAC is estimated to be the largest solid sulfur market during the forecast period.
APAC is projected to be the largest solid sulphur market during the forecast period. The growth of the market is fueled by the sustainable demand of sulphuric acid due to its diversified applications and high demand for sulphur in the agriculture sector.
Abu Dhabi National Oil Company (ADNOC), Marathon Petroleum Corporation (MPC), Qatar Petroleum (QP), Gazprom, Saudi Aramco, Repsol, Chemtrade Logistics Income Fund, Valero Energy Corporation, Motiva Enterprises LLC, and Enersul Limited Partnership are the major players in the solid sulphur market.
Browse Adjacent Markets: Bulk Chemicals and Inorganics Market Research Reports & Consulting
Sulfuric Acid Market by Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore and Others), Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper, and Others) and Region - Global Forecast to 2021
Electronic Grade Sulfuric Acid Market by Grade (PPT & PPB), End-Use Industry (Semiconductor & Pharmaceutical) and by Region - Global Trends and Forecasts to 2020
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/solid-sulphur-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Source content: https://www.marketsandmarkets.com/PressReleases/solid-sulphur.asp