Global Sulfur (Sulphur) Industry

Global Sulfur (Sulphur) Industry

  • April 2021 •
  • 197 pages •
  • Report ID: 3449659 •
  • Format: PDF
Abstract:
- Global Sulfur (Sulphur) Market to Reach 69.1 Million Metric Tons by 2027
- Amid the COVID-19 crisis, the global market for Sulfur (Sulphur) estimated at 64.1 Million Metric Tons in the year 2020, is projected to reach a revised size of 69.1 Million Metric Tons by 2027, growing at a CAGR of 1.1% over the analysis period 2020-2027. Agrochemicals, one of the segments analyzed in the report, is projected to record a 1.2% CAGR and reach 42 Million Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Petroleum Refining segment is readjusted to a revised 0.8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 17.4 Million Metric Tons, While China is Forecast to Grow at 2.4% CAGR
- The Sulfur (Sulphur) market in the U.S. is estimated at 17.4 Million Metric Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 12.9 Million Metric Tons by the year 2027 trailing a CAGR of 2.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.1% and 0.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.2% CAGR.
- Metal Mining Segment to Record 1.3% CAGR
- In the global Metal Mining segment, USA, Canada, Japan, China and Europe will drive the 1.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of 3.4 Million Metric Tons in the year 2020 will reach a projected size of 3.6 Million Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 9 Million Metric Tons by the year 2027, while Latin America will expand at a 1.9% CAGR through the analysis period.

- Select Competitors (Total 53 Featured) -
  • Abu Dhabi National Oil Company (ADNOC)
  • China Petroleum & Chemical Corporation (SINOPEC)
  • Chinese Petroleum Corporation (CPC)
  • Galp Energia, SGPS, SA
  • Husky Energy, Inc.
  • Kharg Petrochemical Co.
  • Petrobras
  • Petroleos de Venezuela SA
  • PVS Chemicals, Inc.
  • Valero Energy Corporation