Solid Sulfur Market Global Volume Analysis, Size, Share and Key Trends 2016-2028 | Key Players: Gazprom, Sinopec Corp., Abu Dhabi National Oil Company

One of the major factors driving market growth is the rising demand for fertilizers in order to achieve higher crop yields. Fertilizers enable farmers to increase crop yield by increasing the productivity of agricultural land, and they can make a less productive land produce significant yields. Fertilizers are designed to help plants produce more by making it easier for them to absorb important macro and micronutrients.

Click here to get sample of the premium report: https://www.quincemarketinsights.com/request-sample-59500?utm_source=hp&utm_medium=openpr&utm_campaign=hp

One of the major factors driving market growth is the rising demand for rubber in tyre manufacturing. Natural rubber's advantages include abrasion resistance and metal adhesion, making it ideal for use in seals, gaskets, and other items. Furthermore, natural rubber has advantages over synthetic rubber in terms of vibration dampening and tears resistance, rendering it indispensable in applications such as tires for large construction vehicles and aero plane tires.

Growth Drivers that Support the Global Solid Sulfur Market:

• Chemical manufacturing had the second-largest market share by application in 2019. Solid sulphur is used to make sulfuric acid, which is widely used in the automotive industry for the manufacture of vehicle batteries. This battery not only provides the necessary electricity to operate electrical components, but it also transforms chemical energy into electrical energy, which is used to power automobiles and provide energy to the starter.

• The presence of key producers in the APAC region can explain the region's market dominance. Furthermore, due to the presence of an increasing population in developing economies such as India and China, as well as the expansion of end-user industries such as agrochemicals, plastics, and rubber industries, among others, there is a high demand for food.

• Because of the increase in car sales in emerging economies, molten sulphur in the form of sulfuric acid is used extensively in the manufacture of batteries. In the near future, this is expected to drive the molten sulphur market. Furthermore, during the forecast period, an increase in demand for chemicals such as superphosphates, ammonium phosphate, and ammonium sulphates is expected to fuel demand for molten sulphur. Molten sulphur can be hazardous to one's health because it is flammable. If hydrogen sulphide is released into the atmosphere, it can burn the eyes and skin. Sulfur vapours can also cause headaches, nausea, and vomiting when inhaled. The global molten sulphur demand is being restrained as a result of this.

Get ToC for the overview of the premium report: https://www.quincemarketinsights.com/request-toc-59500?utm_source=hp&utm_medium=openpr&utm_campaign=hp

Companies Keen to Launch new products and enter Alliances

• To respond to the current market situation, ADNOC (Abu Dhabi) invested in March 2020 to raise its oil production potential from 3 to 4 million barrels per day by April 2020. Sulphur production from oil refineries will increase as a result of this expansion, which will meet the increasing demand for sulphur in the Middle East and Africa, Asia, and Europe.

• ADNOC invested USD 1.65 billion in the Dalma Gas Development project in Dalma (Abu Dhabi) in February 2020, which will have a daily production capacity of 340 million standard cubic feet of natural gas. This increase in natural gas output would increase sulphur production, which will meet domestic sulphur demand.

• Marathon Petroleum Corporation (MPC) and NOCO Incorporated (New York, US) signed a definitive purchase agreement in April 2019 to acquire 33 express NOCO retail stores and a 900,000 barrel capacity light weight and asphalt terminal.

Major companies functioning in the global Solid Sulfur Market are Gazprom, Sinopec Corp., Abu Dhabi National Oil Company, Tengizchevroil, Valero Energy Corporation, CNPC, Suncor, Exxon Mobile, Montana Sulfur&Chemical Company, Jordan Sulfur, ConocoPhillip, Marathon Petroleum Corporation, Motiva Enterprises, Indian Oil Corp. Ltd, Guizhou Redstar Developing Co.,Ltd., Salvage Pharmaceutical, Market Segment by Type, Granulated Sulfur, Powdered Sulfur

Speak to analyst before buying this report: https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-59500?utm_source=hp&utm_medium=openpr&utm_campaign=hp

Market Segmentation:

By Type:
• Granulated Sulfur
• Powdered Sulfur
• Others

By Application:
• Agrochemicals
• Chemical & Petroleum Refining
• Rubber & Plastics
• Mining & Metallurgy
• Paper & Pulp
• Others

By Region:

• North America
◦ North America, by Country
▪ US
▪ Canada
▪ Mexico
◦ North America, by Type
◦ North America, by Application

• Western Europe
◦ Western Europe, by Country
▪ Germany
▪ UK
▪ France
▪ Italy
▪ Spain
▪ The Netherlands
▪ Rest of Western Europe
◦ Western Europe, by Type
◦ Western Europe, by Application

• Asia Pacific
◦ Asia Pacific, by Country
▪ China
▪ India
▪ Japan
▪ South Korea
▪ Australia
▪ Indonesia
▪ Rest of Asia Pacific
◦ Asia Pacific, by Type
◦ Asia Pacific, by Application

• Eastern Europe
◦ Eastern Europe, by Country
▪ Russia
▪ Turkey
▪ Rest of Eastern Europe
◦ Eastern Europe, by Type
◦ Eastern Europe, by Application

• Middle East
◦ Middle East, by Country
▪ UAE
▪ Saudi Arabia
▪ Qatar
▪ Iran
▪ Rest of Middle East
◦ Middle East, by Type
◦ Middle East, by Application

• Rest of the World
◦ Rest of the World, by Country
▪ South America
▪ Africa
◦ Rest of the World, by Type
◦ Rest of the World, by Application

Contact:
Quince Market Insights
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:
QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

This release was published on openPR.