Enjoy complimentary customisation on priority with our Enterprise License!
The insoluble sulfur market share is expected to increase by USD 118.46 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.6%.
This insoluble sulfur market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the insoluble sulfur market segmentation by application (tire, industrial, footwear, and others) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The insoluble sulfur market report also offers information on several market vendors, including Changde Dingyuan Chemical Industrial Ltd., Chemspec Ltd., Eastman Chemical Co., Grupa Azoty SA, Henan Kailun Chemical Co. Ltd., Heze Great Bridge Chemical Co. Ltd., LANXESS AG, Leader Technologies Co. Ltd., Lions Industries Sro, Nynas AB, Oriental Carbon & Chemicals Ltd., Qingdao Xiongxiang Rubber Co. Ltd., Sanshin Chemical Industry Co. Ltd., Schill Seilacher Struktol GmbH, Shandong Yanggu Huatai Chemical Co. Ltd., Shikoku Chemicals Corp., Successmore Being Public Co. Ltd., Willing New Materials Technology Co. Ltd., and Wuxi Huasheng Rubber New Material Technology Co. Ltd among others.
Download Report Sample to Unlock the Insoluble Sulfur Market Size for the Forecast Period and Other Important Statistics
Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the insoluble sulfur market. During the COVID-19 pandemic, the insoluble sulfur market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Insoluble Sulfur Market Driver
Increasing demand from the rubber industry is one of the key drivers supporting the insoluble sulfur market growth. The rubber industry is one of the key end-users in the global insoluble sulfur market. Insoluble sulfur is extensively used in the manufacturing of tires and tire products. It is used to manufacture tires for automobiles, bicycles, and aircraft. Tire manufacturers increasingly depend on synthetic rubber to enhance the quality of their products by increasing thermal stability, dispersion grades, and tensile strength. Insoluble sulfur also offers other specific functionalties, such as high durability and increased rolling resistance. It is mostly used for manufacturing passenger car and motorcycle tires as it delivers good grip performance. Such features will drive market growth during the forecast period.
Key Insoluble Sulfur Market Trend
Growing demand for high-performance and eco-friendly tires is one of the key insoluble sulfur market trends contributing to the market growth. The products used in manufacturing rubber compounds usually pollute the environment. The rise in air pollution is pushing tire manufacturers to reduce emissions from the manufacturing process. Such environmental concerns have paved the way for innovation in terms of eco-friendly tires that are manufactured using pure rubber compounds. High-aromatic oils are used in tire production to soften the surface of the rubber and make it easier to modify and refine. However, these substances have a harmful impact on the environment due to the hazardous levels of polycyclic aromatic hydrocarbon (PAH)-compounds, which are also carcinogenic. Thus, high aromatic oils are being replaced with low-aromatic oils that have low levels of harmful compounds, which makes them non-carcinogenic. Therefore, the trend of using eco-friendly tires is expected to positively impact the market during the forecast period.
Key Insoluble Sulfur Market Challenge
Volatility in raw material prices is one of the factors hampering the insoluble sulfur market growth. In 2020, the outbreak of COVID-19 led to travel restrictions around the globe, which, in turn, hampered sulfur production. However, with the lifting of lockdown norms in the first half of 2021, the demand for insoluble sulfur recovered in various end-user industries, such as rubber and agriculture. However, the demand-supply imbalance and rising freight costs led to an increase in sulfur prices in 2021. For instance, in the third quarter of 2021, the prices of sulfur in India increased by more than 10% over that in the second quarter of 2021 and surpassed $245/MT. Such volatility will pose a challenge to the growth of the market during the forecast period.
This insoluble sulfur market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global insoluble sulfur market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the insoluble sulfur market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the insoluble sulfur market encompasses successful business strategies deployed by the key vendors. The insoluble sulfur market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the insoluble sulfur market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
47% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the insoluble sulfur market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rapid growth of the rubber tire production industry will facilitate the insoluble sulfur market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the regional market. However, several foreign investors view the region as a lucrative market for setting up production units due to the easy availability of raw materials at competitive prices, the low cost of labor, and affordable land. Thus, growth in end-user industries is expected to drive the growth of the market during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
The insoluble sulfur market share growth in the tire segment will be significant during the forecast period. Tire manufacturing requires the use of rubber for the production of which the usage of insoluble sulfur has shown remarkable demand. With the increasing number of on-road vehicles and personal vehicles across the globe, the demand for tire replacements has been rising. These factors are anticipated to boost the growth of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the insoluble sulfur market size and actionable market insights on the post-COVID-19 impact on each segment.
Insoluble Sulfur Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.6% |
Market growth 2022-2026 |
$118.46 million |
Market structure |
Fragmented |
YoY growth (%) |
2.2 |
Regional analysis |
APAC, Europe, North America, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key consumer countries |
US, China, India, Japan, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Changde Dingyuan Chemical Industrial Ltd., Chemspec Ltd., Eastman Chemical Co., Grupa Azoty SA, Henan Kailun Chemical Co. Ltd., Heze Great Bridge Chemical Co. Ltd., LANXESS AG, Leader Technologies Co. Ltd., Lions Industries Sro, Nynas AB, Oriental Carbon & Chemicals Ltd., Qingdao Xiongxiang Rubber Co. Ltd., Sanshin Chemical Industry Co. Ltd., Schill Seilacher Struktol GmbH, Shandong Yanggu Huatai Chemical Co. Ltd., Shikoku Chemicals Corp., Successmore Being Public Co. Ltd., Willing New Materials Technology Co. Ltd., and Wuxi Huasheng Rubber New Material Technology Co. Ltd |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. You may change your settings based on a legitimate interest at any time, by selecting “Manage Settings” on our site. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.