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Elemental Sulphur Market to register 3% CAGR through 2027

11-20-2017 07:10 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Elemental Sulphur Market to register 3% CAGR through 2027

Leading suppliers of elemental sulphur are channelizing efforts towards entering into partnerships with end-users, such as fertilizer manufacturers, for better addressing the demand and specific requirements. Sales of elemental sulphur globally are estimated to reach nearly 66,000 ‘000 tonnes in 2017, according to a recent research by Future Market Insights (FMI). In terms of volume, FMI’s report projects the global elemental sulphur market to register 3% CAGR through 2027. Global sales of elemental sulphur are anticipated to surpass 90,000 ‘000 tonnes by 2027-end.

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Gas-based elemental sulphur will remain sough-after in the market, with sales pegged to surpass 50,000 ‘000 tonnes by 2027-end. In addition, sales of oil-based elemental sulphur will completely closely with those of gas-based elemental sulphur, to reach nearly 47,000 ‘000 tonnes by 2027-end. Demand for mine-based elemental sulphur will remain sluggish in the market during the forecast period.

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Although agrochemicals are expected to be the most attractive application of elemental sulphur, chemicals & petroleum refining is estimated to exhibit highest CAGR through 2027, in terms of volume. In addition, sales of elemental sulphur in rubbers & plastics, and paper & pulp are estimated to exhibit parallel expansion at 3% CAGR. However, sales of elemental sulphur in rubbers & plastics application will remain comparatively higher than those in paper & pulp.

Key market players identified in FMI’s report include The Saudi Arabian Oil Company, Marathon Petroleum Corporation, Exxon Mobile Corporation, Tengizchevroil, Valero Energy Corporation, Sinopec Corp., Royal Dutch Shell Plc., Pemex, OAO Gazprom, Abu Dhabi National Oil Company, Motiva Enterprises LLC, ConocoPhillips Company, Oxbow Corporation, PotashCorp, Suncor Energy Inc., Flint Hills Resources, Montana Sulphur & Chemical Co., Jordan Sulphur, National Est. for Agricultural & Industrial Sulphur.

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About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

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Website: www.futuremarketinsights.com

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