Sulphur Market to Grow at a CAGR of 3.81% by 2030 | ChemAnalyst

NEW YORK - Sept. 13, 2021 - PRLog -- According to ChemAnalyst report, "Sulphur Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional Demand, 2015-2030", Sulphur market has grown significantly in the last five years and is anticipated to achieve a CAGR of 3.81% in the forecast period until 2030. Growing demand of Sulphur due to the rising consumption by chemical processing and fertilizer industry across the globe is likely to boost the global Sulphur market in upcoming years. The production of Sulphur is highly associated with the safety standards on human health as well as environment before it can be further manufactured by the industries which also enhances the compliance standards.

Sulphur is basically a multivalent, non-metallic chemical compound which is present abundantly in the environment. It is Pale yellow, tasteless and odourless in nature. Sulphur is a poor conductor of electricity and insoluble in water. Sulphur is extensively used for the manufacturing of sulfuric acid, which is widely used for numerous industrial applications. Few applications include the production of petroleum products, pigments, detergents, fibres, sheet metal, explosives, storage batteries, and others. Sulphur in its raw form is used in making fungicides,  paper, insecticides, dyestuffs, and numerous other products.

Paper and bleaching industry has increased the demand of Sulphur for the bleaching purposes and is likely to augment the growth of the global Sulphur market in upcoming years. Surging demand from these downstream manufacturing industries will accelerate the growth of global Sulphur demand. However, its usage in chemical processing account for the largest share as it is mainly used to produce sulphuric acid and other chemicals as of 2020 globally. The demand of Sulphur for the manufacturing of Phosphate Fertilizers, as it is the single largest end-use of Sulphur will boost the Sulphur market across the globe in the next ten years. Use of Sulphur for the processing of metal and cement polymer concrete for construction industry is another important application which will further drive the Sulphur market in upcoming years. Plantations happens to be the main driver for the growing demand of fertilizers in the next few years, and in turn, will drive the global sulphur market. Rising demand of fertilizers from the main agricultural regions will bolster the market growth of Sulphur in upcoming years.

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