Press release
2025-2034 Insoluble Sulfur Market Roadmap: Insights for Competitive Advantage
Insoluble Sulfur
How Large Will the Insoluble Sulfur Market Size By 2025?
The market size for insoluble sulfur has seen a robust expansion in recent years. The market is anticipated to grow from $1.07 billion in 2024 to $1.13 billion in 2025, experiencing a compound annual growth rate (CAGR) of 5.8%. The historical growth can be credited to factors such as the demand within the tire production sector, expansion of the automotive industry, emphasis on the quality of rubber, trends in the global economy, and availability of raw materials.
How Big Is the Insoluble Sulfur Market Size Expected to Grow by 2029?
Substantial expansion is anticipated in the insoluble sulfur market size over the upcoming years, as it is forecasted to reach $1.41 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. The projected growth during this period is primarily due to green initiatives within the rubber industry, escalation in automotive production, improvements in vulcanization procedures, prioritizing high-performance rubber products, and the implementation of stringent environmental laws. The key trends identified for this forecast period also encompass the growing demand from end-use sectors, advancements in manufacturing technologies, global economic influences, market mergers and strategic partnerships, and volatile prices of raw materials.
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Which Key Market Drivers Powering Insoluble Sulfur Market Expansion and Growth?
A surge in on-road vehicles is anticipated to bolster the expansion of the insoluble sulfur market. On-road vehicles are self-propelled automobiles designed for road use. Insoluble sulfur is a key ingredient in tire production as it improves tire quality, durability, and endurance against both aging and fatigue. Consequently, a rise in on-road vehicles is likely to stimulate the insoluble sulfur market. For instance, data from the UK's Department for Transport in June 2023 indicates that by December 2022, there were more than 1.1 million licensed plug-in vehicles on the roads, making up 2.8% of all vehicles. The total count of licensed cars in the UK hit 40.7 million, showing a 1.0% increase from the end of December 2021. As such, the burgeoning number of on-road vehicles is propelling the insoluble sulfur market growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Insoluble Sulfur Market?
To cater to the increasing demand from rubber and tire manufacturing sectors, leading firms in the insoluble sulfur market are concentrating on creating new production facilities. Insoluble sulfur is a critical additive in the rubber industry that boosts the strength, durability, and heat resistance of rubber goods. This additive aids in enhancing the vulcanization efficacy and lowering blooming during storage, thus augmenting the performance of rubber-based products like hoses, belts, and tires. For instance, two major projects, namely Continuous Production of High-Quality MBT (Phase 1 Project) and Insoluble Sulfur (Phase 2 Project), were initiated by the Singapore-based firm, China Sunsine Chemical Holdings Ltd., in October 2022. Both of these projects boast a capacity of 60,000 tonnes per annum. The Continuous Production of High-Quality MBT project will contribute significantly to producing various rubber accelerators, thus elevating the effectiveness and sustainability of rubber manufacturing, especially in the manufacture of tires. The Insoluble Sulfur Phase 2 Project will provide key vulcanization agents necessary for enhancing the strength, longevity, and heat resistance of rubber items. This will help extend the lifespan and enhance the performance of tires and other industrial uses like coatings, sealants, and adhesives.
What Are the Emerging Segments in the Insoluble Sulfur Market?
The insoluble sulfur market covered in this report is segmented -
1) By Product: Non-Oil-Filled Insoluble Sulfur, Oil-Filled Insoluble Sulfur
2) By Grade: Regular Grades, High Dispersion Grades, High Stability Grades, Special Grades
3) By Application: Tire Manufacturing, Footwear, Industrial Application, Cable And Wire, Pipe, Other Applications
4) By End-User: Automotive, Medical, Consumer Goods, Other End-Users
Subsegments:
1) By Non-Oil-Filled Insoluble Sulfur: Precipitated Non-Oil-Filled Insoluble Sulfur, Granular Non-Oil-Filled Insoluble Sulfur
2) By Oil-Filled Insoluble Sulfur: Precipitated Oil-Filled Insoluble Sulfur, Granular Oil-Filled Insoluble Sulfur
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Who Are the Global Leaders in the Insoluble Sulfur Market?
Major companies operating in the insoluble sulfur market include Eastman Chemical Company, Grupa Azoty S.A., KUMHO PETROCHEMICAL, China Sunsine Chemical Holdings Limited, Nynas AB, Rongcheng Chemical General Factory, Willing New Materials Technology Co. Ltd., Oriental Carbon and Chemicals Limited, Henan Kailun Chemical Co. Ltd., Shikoku Chemical Industry Co. Ltd., Lions Industries s.r.o, Tianjin Kemai Chemical Co. Ltd., Hubei Xiangyun (Group) Chemical Co. Ltd., Zhengzhou Double Vigour Chemical Product Co. Ltd., Ningbo Actmix Rubber Chemicals Co. Ltd., Shanghai Shangyi Chemical Technology Company, Sennics Co. Ltd., Eastar Chemical Corporation, Luoyang Sunrise Industrial Co. Ltd., Weifang Jiahong Chemical Co. Ltd., Changde Dingyuan Chemical Industrial Limited, Leader Technologies Co. Ltd, Kemai Chemical Co. Ltd., Puyang Willing Chemicals Co. Ltd., Jiangxi Shengchang Technology Co. Ltd., Hebi Hengli Chemical Co. Ltd., Jingcheng Chemical (Dalian) Co. Ltd., Chongqing Huayi Chemical Co. Ltd., Jining Fortune Biotech Co. Ltd., Wuhan Jiehong International Trading Co. L
Which are the Top Profitable Regional Markets for the Insoluble Sulfur Industry?
Asia-Pacific was the largest region in the insoluble sulfur market in 2024. The regions covered in the insoluble sulfur market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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