Global Insoluble Sulfur Market

Global Insoluble Sulfur Market Size, Share, Growth Analysis, By Grade Type(High Dispersion, Regular Grade), By Application(Tire Manufacturing, Industrial Application) - Industry Forecast 2023-2030


Report ID: SQMIG15A2264 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 64 | Figures: 68

Global Insoluble Sulfur Market Insights

Global Insoluble Sulfur Market size was valued at USD 990.10 billion in 2021 and is poised to grow from USD 1029.51 billion in 2022 to USD 1406.78 billion by 2030, at a CAGR of 3.98% during the forecast period (2023-2030).

Rising product demand from rubber manufacturers as a curing agent is anticipated to continue to be a major factor in market expansion. The production of tyres around the world makes extensive use of insoluble sulphur, which is used as a rubber-curing agent. Since the bulk of rubber applications are used in tyre manufacture, there is a significant market for insoluble sulphur in this sector. Additionally, there is a growing need for new tyres due to the increase in on-road vehicles around the world. In the near future, these factors are likely to accelerate market expansion.

Due to advancements made by big international corporations, the market has undergone substantial changes. For instance, in February 2018, Eastman Chemical Company unveiled CrystexCure Pro, a non-blooming vulcanizing agent used in rubber formulation to improve the properties of radial tyres. Additionally, Nynas, a producer of speciality bitumen and naphthenic oil, unveiled a line of goods under the Nytex brand. These products are offered commercially in a variety of viscosities and are well suited for use with tough forms of rubber as well as sulphur. The product offers a number of qualities that make it useful for a variety of uses, including the production of insulating material for wires and cables, pipes, and tyres.

The product offers a number of qualities that make it useful for a variety of uses, including the production of insulating material for wires and cables, pipes, and tyres.

To increase the product's overall quality and resilience to aging and fatigue, the product is added in the desired amounts across various materials. Major market players have been making significant investments in research initiatives to gain a greater market share on a global level. Due to the fierce competition, products are now more innovative than ever before in terms of quality, cost, etc.

Market snapshot - 2023-2030

Global Market Size

USD 990.10 billion

Largest Segment

Regular Grade

Fastest Growth

Regular Grade

Growth Rate

3.98% CAGR

Global Insoluble Sulfur Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Insoluble Sulfur Market Size by Grade Type, 2021-2028 ($ Bn)
Global Insoluble Sulfur Market Size by Grade Type, 2021-2028 (%)

To get more reports on the above market click here to Buy The Report

Global Insoluble Sulfur Market Segmental Analysis

The global insoluble sulfur market segmentation is based on grade type, application, and region. Based on grade type the market is segmented into high dispersion, regular grade, and high stability. Based on application the Insoluble Sulfur Market is segmented into tire manufacturing, industrial application, footwear, and others. Based on region the global insoluble sulfur market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Insoluble Sulfur Market Analysis by Grade Type

All rubber production industries employ regular grade the most frequently as a vulcanizing agent, making it the market leader. Additionally, the normal grade speeds market acceptance because it is the newest type of insoluble sulfur and is non-hazardous. Due to its exceptional dispersibility, high stability, and rapid product adoption, the high dispersion grade is anticipated to increase at a higher CAGR rate.

Insoluble Sulfur Market Analysis by Application

During the projection period, it is anticipated that the tire manufacturing sector will hold the largest market share. This is related to the substantial product demand coming from the globally expanding tire manufacturing industry. As their main feedstock, insoluble sulfur compounds are heavily reliant on the tire manufacturing industries to provide high-quality products.

Global Insoluble Sulfur Market Share By Grade Type, 2021 (%), 2021 (%)

To get detailed analysis on other segments, Request For Sample Report

Global Insoluble Sulfur Market Regional Insights

Due to the growing number of rubber processors, easy access to land, and skilled labor in the area, Asia-Pacific now has a dominant position in the insoluble sulfur market in terms of market share and revenue. The region's insoluble sulfur market is primarily driven by the rapid expansion of the rubber manufacturing sector in emerging economies like India, Japan, China, and South Korea as well as the availability of competent personnel at reasonable prices and easy regulatory requirements. Additionally, the region produces a sizable amount of the world's footwear, which adds to a sizable portion of the demand for insoluble sulfur year-round.

The automotive and rubber industries are predicted to grow at the fastest rates in the North American area, which is also expected to have the highest concentration of manufacturers. With the quick import of rubber from China, Germany, Thailand, and Japan, the market in the U.S. has gained traction in North America. The demand for insoluble sulfur in North America is anticipated to increase as a result.

Global Insoluble Sulfur Market By Geography, 2021 - 2028, 2023-2030
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global Insoluble Sulfur Market Dynamics

Insoluble Sulfur Market Driver

  • The tire industry mostly uses insoluble sulfur. Due to the increase in on-road vehicle traffic around the world, there is a growing need for quick and low-maintenance tire replacements. To obtain a competitive edge in the fiercely competitive market, tire producers throughout the world are under great pressure from regulators and consumers to provide more fuel-efficient tires. A significant factor that is anticipated to propel the worldwide insoluble sulfur market during the forecast period is the rise in the use of insoluble sulfur to convert raw rubber into complete rubber at high heat to increase the strength and flexibility of the rubber.
  • All types of rubber products can have their resistance to wear and aging increased by insoluble sulphur. Additionally, it is a perfect vulcanizing agent for rubber. Additionally, it is commonly utilized in the production of rubber chemistry, which includes latex, rubber tires, rubber pipes, rubber shoes, cables, and wires. The global market for insoluble sulfur is anticipated to grow quickly due to the rise in demand for insoluble rubber in a variety of rubber sector applications.

Insoluble Sulfur Market Restraint

  • Due to the recent global pandemic and the temporary shutdown of the automotive and tire manufacturing industries, the insoluble sulfur business is currently experiencing its toughest moment in 25 years. The pandemic also disrupted the world's supply chain, raising chemical prices and ultimately hurting the tire industry's ability to produce tires.

Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report

Global Insoluble Sulfur Market Competitive Landscape

Many businesses are emphasizing organic growth initiatives, including new launches, product approvals, and others like patents and events. Acquisitions and partnerships & collaborations were examples of inorganic growth tactics that were observed in the market. These actions have made it possible for market participants to increase their clientele and revenue. With the growing demand for insoluble sulfur on the global market, market players in the insoluble sulfur market are projected to enjoy attractive growth prospects in the future. For instance, Grupa Azoty S.A. built the flue gas desulphurization unit for boiler K-5 in March 2022. The design goals of the plant, particularly those about gas emissions, were satisfied by the recommendations of the BAT findings.

Insoluble Sulfur Market Top Players Company Profiles

  • China Sunsine Chemical (Singapore)
  • Eastman Chemical (US)
  • Grupa Azoty SA (Poland)
  • Henan Kailun Chemical (China)
  • Jiangxi Hengxingyuan Chemical (China)
  • Luoyang Sunrise Industrial (China)
  • Oriental Carbon & Chemicals Limited (India)
  • Sennics Co Inc. (China)
  • Shandong Yanggu Huatai Chemical (China)
  • Shanghai Jinghai Chemical (China)
  • Shikoku Chemicals (Japan)
  • Weifang Jiahong Chemical (China)
  • Wuxi Huasheng Rubber Technical (China)

Insoluble Sulfur Market Recent Development

  • In April 2022, as part of a multi-year strategic relationship with Eastman, Maip Group, a major worldwide plastics formulator and compound maker, introduced unique components for new resins in the automotive industry.
  • In May 2022, as part of a significant, innovative, and strategic transformation journey that would improve and transform its business in the upcoming years, Nynas announced and planned enhancements.

Global Insoluble Sulfur Key Market Trends

  • All sorts of rubber goods benefit from the high tolerance and durability of soluble sulphur. It works wonders as a vulcanizing agent for rubber. Applications for rubber chemistry can be found in items like tires, shoes, cables, rubber pipes, wires, insulating materials, latex, and various automotive rubber components. During the forecast period, an increase in the supply of insoluble rubber for various uses in the rubber sector is projected to drive the global market.

Global Insoluble Sulfur Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, Regular grade is the market leader since it is used as a vulcanizing agent in all rubber manufacturing sectors the most frequently. The tire manufacturing industry is predicted to hold the greatest market share over the projection period. In terms of market share and revenue, Asia-Pacific presently holds a dominating position in the insoluble sulfur market because of the region's expanding number of rubber processors, simple access to land, and skilled labour.

Report Metric Details
Market size value in 2021 USD 990.10 billion
Market size value in 2030 USD 1406.78 billion
Growth Rate 3.98%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Grade Type
    • High Dispersion, Regular Grade, High Stability
  • Application
    • Tire Manufacturing, Industrial Application, Footwear, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • China Sunsine Chemical (Singapore)
  • Eastman Chemical (US)
  • Grupa Azoty SA (Poland)
  • Henan Kailun Chemical (China)
  • Jiangxi Hengxingyuan Chemical (China)
  • Luoyang Sunrise Industrial (China)
  • Oriental Carbon & Chemicals Limited (India)
  • Sennics Co Inc. (China)
  • Shandong Yanggu Huatai Chemical (China)
  • Shanghai Jinghai Chemical (China)
  • Shikoku Chemicals (Japan)
  • Weifang Jiahong Chemical (China)
  • Wuxi Huasheng Rubber Technical (China)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Insoluble Sulfur Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Insoluble Sulfur Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Insoluble Sulfur Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Insoluble Sulfur Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Insoluble Sulfur Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Insoluble Sulfur Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

SPEAK TO AN ANALYST

FAQ's

Global Insoluble Sulfur Market size was valued at USD 990.10 billion in 2021 and is poised to grow from USD 1029.51 billion in 2022 to USD 1406.78 billion by 2030, at a CAGR of 3.98% during the forecast period (2023-2030).

Many businesses are emphasizing organic growth initiatives, including new launches, product approvals, and others like patents and events. Acquisitions and partnerships & collaborations were examples of inorganic growth tactics that were observed in the market. These actions have made it possible for market participants to increase their clientele and revenue. With the growing demand for insoluble sulfur on the global market, market players in the insoluble sulfur market are projected to enjoy attractive growth prospects in the future. For instance, Grupa Azoty S.A. built the flue gas desulphurization unit for boiler K-5 in March 2022. The design goals of the plant, particularly those about gas emissions, were satisfied by the recommendations of the BAT findings. 'China Sunsine Chemical (Singapore)', 'Eastman Chemical (US)', 'Grupa Azoty SA (Poland)', 'Henan Kailun Chemical (China)', 'Jiangxi Hengxingyuan Chemical (China)', 'Luoyang Sunrise Industrial (China)', 'Oriental Carbon & Chemicals Limited (India)', 'Sennics Co Inc. (China)', 'Shandong Yanggu Huatai Chemical (China)', 'Shanghai Jinghai Chemical (China)', 'Shikoku Chemicals (Japan)', 'Weifang Jiahong Chemical (China)', 'Wuxi Huasheng Rubber Technical (China)'

The tire industry mostly uses insoluble sulfur. Due to the increase in on-road vehicle traffic around the world, there is a growing need for quick and low-maintenance tire replacements. To obtain a competitive edge in the fiercely competitive market, tire producers throughout the world are under great pressure from regulators and consumers to provide more fuel-efficient tires. A significant factor that is anticipated to propel the worldwide insoluble sulfur market during the forecast period is the rise in the use of insoluble sulfur to convert raw rubber into complete rubber at high heat to increase the strength and flexibility of the rubber.

All sorts of rubber goods benefit from the high tolerance and durability of soluble sulphur. It works wonders as a vulcanizing agent for rubber. Applications for rubber chemistry can be found in items like tires, shoes, cables, rubber pipes, wires, insulating materials, latex, and various automotive rubber components. During the forecast period, an increase in the supply of insoluble rubber for various uses in the rubber sector is projected to drive the global market.

Due to the growing number of rubber processors, easy access to land, and skilled labor in the area, Asia-Pacific now has a dominant position in the insoluble sulfur market in terms of market share and revenue. The region's insoluble sulfur market is primarily driven by the rapid expansion of the rubber manufacturing sector in emerging economies like India, Japan, China, and South Korea as well as the availability of competent personnel at reasonable prices and easy regulatory requirements. Additionally, the region produces a sizable amount of the world's footwear, which adds to a sizable portion of the demand for insoluble sulfur year-round.

Speak With Our Analyst

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Insoluble Sulfur Market

Product ID: SQMIG15A2264

$5,300
BUY NOW GET SAMPLE