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Global Sulfur Dioxide Market Overview Covering Forecast Market Size And Growth Rate 2033 | Royal Dutch Shell plc, BASF SE, The Dow Chemical Company, Thermo Fisher Scientific Inc., Nutrien Ltd
Sulfur Dioxide Global Market Report 2024
As per the report, the sulfur dioxide market size has grown steadily in recent years. It will grow from $5.64 billion in 2023 to $5.89 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The sulfur dioxide market size is expected to see steady growth in the next few years. It will grow to $7.03 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
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Fertilizer Demand Surge To Propel Growth Of Sulfur Dioxide Market
The increasing demand for fertilizer is expected to propel the growth of the sulfur dioxide market going forward. Fertilizer refers to a substance added to the soil to provide one or more plant nutrients essential for plant growth and development. With urbanization and a declining agricultural workforce, there is a need for more intensive and efficient farming practices, including the increased use of fertilizers to boost crop yields. Fertilizers containing sulfuric acid can effectively provide plants with sulfur, a vital nutrient for their growth and development while aiding in the acidification of alkaline soils to improve nutrient availability and enhance plant health. For instance, in December 2023, according to a report published by the International Fertilizer Association (IFA), a France-based fertilizer association that provides plant nutrition solutions, global fertilizer consumption (N + P2O5 + K2O) is projected to increase by 3% to 191.5 million metric tons (Mt) of nutrients in fiscal year 2023, compared to previous years. Moreover, global fertilizer consumption is expected to rise by 2% in FY 2024 to reach 195.4 Mt. Therefore, increasing fertilizer demand drives the sulfur dioxide market.
Cloud-Connected Gas Detection Is A New Era In Sulfur Dioxide Monitoring
Major companies operating in the sulfur dioxide market are focusing on developing innovative technologies, such as cloud-connected gas detection solutions, to enhance monitoring capabilities, improve data accuracy, and streamline regulatory compliance efforts. Cloud-connected gas detection solutions detect the presence of sulfur dioxide (SO2) gas in the air and transmit this data to a cloud-based platform for monitoring and analysis. For instance, in September 2022, Drägerwerk AG & Co., a Germany-based company that manufactures medical and safety technology products, launched the X-am 2800, a mobile gas detector that connects with Dräger's Gas Detection Connect cloud solution, aiming to improve safety for the tunneling industry. The X-am 2800 is a robust and resilient device that can detect various gases and vapors, including sulfur dioxide. It is designed to be used in explosive gas environments and has been tested according to protection class IP68. The product features a newly engineered CatEX sensor, which has been independently drop-test certified to ensure a robust design. It also has integrated Bluetooth connectivity, allowing users to transfer real-time live gas readings and alerts to Dräger's Gas Detection Connect cloud solution.
The sulfur dioxide market covered in this report is segmented -
1) By Type: Gas, Liquid
2) By Application: Preservatives, Winemaking, Reducing Agent, Refrigerant, Bleaching Agent, Food Additives, Other Applications
3) By End-Use: Chemicals, Textiles, Food And Beverages, Oil And Gas, Pharmaceuticals, Agriculture, Other End-Uses
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Major companies operating in the sulfur dioxide market are Royal Dutch Shell plc, BASF SE, The Dow Chemical Company, Thermo Fisher Scientific Inc., Nutrien Ltd., Linde plc, Air Liquide S.A., INEOS Group, Sumitomo Chemical Co. Ltd., Andersons Inc, Air Products and Chemicals Inc., Arkema SA , Israel Chemicals Limited, LANXESS AG, Tosoh Corporation, Agilent Technologies Inc., Solvay SA, PerkinElmer Inc., Sigma Aldrich Chemicals Pvt Ltd., Shimadzu Corporation, Hydrite Chemical Co., PVS Chemicals Solutions Inc., Thatcher Chemical Co., Calibration Technologies, LLC, Toshniwal Systems And Instruments Pvt Ltd
Contents of the report:
1. Executive Summary
2. Sulfur Dioxide Market Report Structure
3. Sulfur Dioxide Market Trends And Strategies
4. Sulfur Dioxide Market - Macro Economic Scenario
5. Sulfur Dioxide Market Size And Growth
…..
27. Sulfur Dioxide Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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