PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1458539
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1458539
The global sulfur dust market is projected to decline from USD 1.3 billion in 2023 to USD 1.1 billion by 2028, at a CAGR of -3.0% during the forecast period. The growing emphasis on environment friendly industrial operations and sustainable agricultural practices is one of the key drivers that is boosting the sulfur dust market.
Scope of the Report | |
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Years Considered for the Study | 2019-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | Value (USD Million/Billion) and Volume (Kilotons) |
Segments | Sulfur Dust Form, End-use, and Region |
Regions covered | Asia Pacific, Europe, North America, Middle East & Africa, and South America |
"Sublimed sulfur dust segment, by form, is estimated to account for the second largest share during the forecast period"
The sublimed sulfur dust segment is projected to secure the second-largest share in the forecast period, primarily fueled by its extensive application in the agricultural industry. It is formed by the sublimation process, in which sulfur directly changes from a solid to a gaseous state without going through the liquid phase. The segment's significance is further underscored by the increasing demand for sublimed sulfur dust in diverse sectors, including cosmetics and rubber industry. This broader utilization is expected to contribute to the sustained growth of the sublimed sulfur dust segment in the sulfur dust market.
"Chemical processing segment, by end-use, is estimated to account for the second largest share during the forecast period"
Sulfur dust is one of the major raw materials used in the chemical industry. Sulfur dust is also utilized to manufacture sulfuric acid, one of the most frequently used chemicals, that then finds its usage in various chemical processes. Sulfur dust also finds its application in other chemical processes like fertilizer production, metal production, and cosmetics production. Thus, the growing usage of sulfur dust in various chemical processes is expected to propel the demand for sulfur dust market.
"Europe region is estimated to account for the second largest share during the forecast period"
Europe is expected to be the second-largest market for sulfur dust. Poland is among the key players in the region, which is driven by sulfur dust sector. As a major contributor to the sulfur dust industry, Poland emerges as a favorable market for various sulfur dust and sulfur powder types, particularly those with different mesh sizes and different fineness levels. Additionally, the ongoing transition to environment friendly products in the country and around the world is expected to boost the market further, contributing to the overall growth of the European sulfur dust market.
Grupa Azoty (Poland), Jaishil Sulfur and Chemical Industries (India), Jordan Sulfur (Jordan), SML Limited (India), Saeed Ghodran Group (Saudi Arabia) are some of the major players operating in the sulfur dust market. These players have adopted strategies such as acquisitions, expansions, partnerships, and agreements in order to increase their market share business revenue.
The report defines, segments, and projects the sulfur dust market based on sulfur dust form, end-use, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, sulfur dust manufacturers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, joint ventures, agreements, and acquisitions, undertaken by them in the market.
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the sulfur dust market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.