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Carbon Disulfide Market to have Good Business Opportunities in the Coming Years

03-22-2018 02:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Carbon Disulfide Market to have Good Business Opportunities

Global Carbon Disulfide Market: Overview

Carbon disulfide is a volatile colorless compound with molecular formula CS2. It smells akin to ether and is generally used in the liquid state. Carbon disulfide occurs naturally in small amounts in volcanic eruptions. Earlier, carbon disulfide was manufactured by mixing coke and sulfur at a high temperature. Currently, the production process is carried out at a much lower temperature, using natural gas as carbon source and combining it with sulfur and either silica gel or aluminum acting as a catalyst. Carbon disulfide is used as a fumigant, insecticide, non-polar solvent, and optical dispersant in spectroscopes. It is also employed as building block in the production of various chemicals. Furthermore, carbon disulfide is used in the production of chemicals such as agricultural chemicals, rubber chemicals, cellophane, rayon, and carbon tetrachloride.

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Global Carbon Disulfide Market: Trends and Opportunities

Production of new chemicals such as cellophane, rayon, and carbon tetrachloride accounts for significant share of the carbon disulfide market. Carbon disulfide acts as building block in the production of these chemicals. High demand in end-use industries such as food packaging, textile, and refrigeration is expected to boost the demand for chemicals such as cellophane, rayon, and carbon tetrachloride. This, in turn, is anticipated drive the carbon disulfide market. Usage of carbon disulfide as non-polar solvent is another major application. Carbon disulfide is used as a solvent for phosphorus, sulfur, bromine, selenium, iodine, asphalt, rubber, resin, and fats. Therefore, it is used in cleaning carbon nanotubes. Rising demand for nanomaterials, especially carbon nanotubes, is anticipated to propel the demand for carbon disulfide as bipolar cleaning solvent. This, in turn, is estimated to augment the carbon disulfide market. Increasing demand for carbon disulfide in the agriculture end-use industry is projected to drive other niche applications such as insecticide and fumigant, thereby boosting the carbon disulfide market.

Global Carbon Disulfide Market: Geographical and Competitive Dynamics

Asia Pacific was the largest market for carbon disulfide in 2014. The region accounted for significant share of the carbon disulfide market in the year. This trend is likely to continue during the next few years owing to growth in end-use industries in emerging economies such as China and India. Application of carbon disulfide in the production of various chemicals is expected to be the major market driver in the region due to expansion in end-use industries such as textile, food packaging, refrigeration, and agriculture in countries such as China and India. China held the largest share of the global carbon disulfide market in 2014. This trend is anticipated to continue during the forecast period. Europe is estimated to witness a similar trend, led by presence of the well-established food packaging industry in the region. Premium clothing and rayon textile industries are projected to further augment the carbon disulfide market in Europe owing to high disposable income of consumers in the region. The food packaging industry is likely to drive the carbon disulfide market in North America due to stringent food packaging norms in the region. The carbon nanotubes industry is expected to be a highly attractive market for carbon disulfide owing to increase in research activities related to nanomaterials in the region. The carbon disulfide market in Latin America is anticipated to witness steady growth rate during the next few years owing to expansion in textile and agriculture industries in economies such as Brazil. Middle East & Africa is projected to be a highly lucrative market for carbon disulfide due to expansion of textile and packaging industries in GCC and growth in the agricultural industry in South Africa during the forecast period.

Major players in the carbon disulfide market include Shanghai Baijin Chemical Group Co., Ltd., Akzo Nobel N.V., Arkema Group, PPG Industries, Inc., Alfa Aesar, and Univar Inc.

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