Molten Sulfur Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 128

SKU: IRTNTR74491

Snapshot

The molten sulfur market share is expected to increase by USD 154.48 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.27%.

This molten 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 molten sulfur market segmentation by end-user (sulfuric acid, rubbers, detergents, and others) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The molten sulfur market report also offers information on several market vendors, including Akzo Nobel NV, Chevron Corp., Compania Espanola de Petroleos SA, Eidon Ionic Minerals, H.J.Baker & Bro LLC, Kuwait National Petroleum Co., Marathon Petroleum Corp., Martin Midstream Partners LP, Montana Sulphur & Chemical Co, Quadrimex Chemical, Sasol Ltd., Sikko Industries Ltd., Suncor Energy Inc., Teck Resources Ltd., and Chemtrade Logistics Income Fund among others.

What will the Molten Sulfur Market Size be During the Forecast Period?

Download Report Sample to Unlock the Molten Sulfur Market Size for the Forecast Period and Other Important Statistics

Molten Sulfur Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the molten sulfur market.

Key Molten Sulfur Market Driver

Growing demand from diverse applications is one of the key drivers supporting the molten sulfur market growth. Molten sulfur acts as both an oxidizing and dehydrating agent. In addition, petroleum and chemical refineries are significantly involved in the production of molten sulfur as a by-product, which results in the regeneration of pure and concentrated molten sulfur products for various end-use applications. The regenerated acid leads to low emissions, leading to reduced production costs, which makes it sustainable and environment-friendly. Thus, the diverse applications of molten sulfur are expected to accelerate market growth during the forecast period.

Key Molten Sulfur Market Trend

The rise in demand for sulfuric acid in the electronics industry is one of the key molten sulfur market trends contributing to the market growth. The semiconductor industry is one of the fastest-growing end-user segments in the global electronic-grade sulfuric acid market. Therefore, the increasing adoption of semiconductors in data processing, communications, consumer electronics, automotive, and industrial applications is expected to foster the demand for sulfuric acid, which, in turn, will fuel the growth of the market during the forecast period.

Key Molten Sulfur Market Challenge

Stringent environmental regulations are one of the factors hindering the molten sulfur market growth. Sulfuric acid is classified as an A2 suspected human carcinogen when contained in strong inorganic acid mists. For instance, the New Zealand Environmental Protection Authority classifies sulfuric acid (>10% aqueous solution) as 6.7A, known or presumed to be a human carcinogen (EPA, 2017). Thus, the formulation of numerous environmental regulations related to sulfuric acid is expected to hinder market growth during the forecast period.

This molten 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.

Parent Market Analysis

Technavio categorizes the global molten sulfur market as a part of the global diversified 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 molten sulfur market during the forecast period.

Who are the Major Molten Sulfur Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the molten sulfur market encompasses successful business strategies deployed by the key vendors. The molten sulfur market is fragmented, and the vendors are deploying growth strategies such as capacity expansion, product development, and M&A to compete in the market.

Product Insights and News

Akzo Nobel NV - The company offers Molten sulfur under the name Enviroline 373F, which is a high-solid and two-component polycyclamine lining system.

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.

Molten Sulfur Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the molten 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.

Which are the Key Regions for Molten Sulfur Market?

For more insights on the market share of various regions Request PDF Sample now!

53% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the molten sulfur market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The flourishing agricultural industry will drive the molten 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

In 2020 and 2021, the region was the epicenter of the COVID-19 pandemic, which adversely affected the regional market. However, in 2021, regional governments took several initiatives, such as mass vaccination drives coupled with the administration of booster doses of the vaccine. This significantly reduced the number of COVID-19 cases in the region, owing to which governments relaxed restrictions such as lockdowns. This, in turn, will drive market growth during the forecast period.

What are the Revenue-generating End-user Segments in the Molten Sulfur Market?

To gain further insights on the market contribution of various segments Request a PDF Sample

The molten sulfur market share growth by the sulfuric acid segment will be significant during the forecast period. Sulfuric acid is used in the production of various inorganic chemicals, such as sodium sulfate, aluminum sulfate, ammonium sulfate, and nitric acid. Moreover, the increasing demand for metal processing owing to the rise in impurity levels in metals will fuel the demand for sulfuric acid, which, in turn, will drive 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 molten sulfur market size and actionable market insights on the post-COVID-19 impact on each segment.

Molten Sulfur Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.27%
Market growth 2022-2026	USD154.48 million
Market structure	Fragmented
YoY growth (%)	2.68
Regional analysis	APAC, North America, Europe, the Middle East and Africa, and South America
Performing market contribution	APAC at 53%
Key consumer countries	US, Canada, China, India, and Russia
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Akzo Nobel NV, Chevron Corp., Compania Espanola de Petroleos SA, Eidon Ionic Minerals, H.J.Baker & Bro LLC, Kuwait National Petroleum Co., Marathon Petroleum Corp., Martin Midstream Partners LP, Montana Sulphur & Chemical Co, Quadrimex Chemical, Sasol Ltd., Sikko Industries Ltd., Suncor Energy Inc., Teck Resources Ltd., and Chemtrade Logistics Income Fund
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.

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What are the Key Data Covered in this Molten Sulfur Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive molten sulfur market growth during the next five years
Precise estimation of the molten sulfur market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the molten sulfur industry across APAC, North America, Europe, the Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of molten sulfur market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 Sulfuric acid - Market size and forecast 2021-2026
- Exhibit 28: Chart on Sulfuric acid - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Sulfuric acid - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Sulfuric acid - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Sulfuric acid - Year-over-year growth 2021-2026 (%)

5.4 Rubbers - Market size and forecast 2021-2026
- Exhibit 32: Chart on Rubbers - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Rubbers - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Rubbers - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Rubbers - Year-over-year growth 2021-2026 (%)

5.5 Detergents - Market size and forecast 2021-2026
- Exhibit 36: Chart on Detergents - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Detergents - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Detergents - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Detergents - Year-over-year growth 2021-2026 (%)

5.6 Fungicides and fertilizers - Market size and forecast 2021-2026
- Exhibit 40: Chart on Fungicides and fertilizers - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Fungicides and fertilizers - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Fungicides and fertilizers - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Fungicides and fertilizers - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by End-user
- Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

7.11 Russia - Market size and forecast 2021-2026
- Exhibit 86: Chart on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Russia - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Russia - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026
- Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption

9.4 Industry risks
- Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 99: Vendors covered

10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification

10.3 Akzo Nobel NV
- Exhibit 101: Akzo Nobel NV - Overview
- Exhibit 102: Akzo Nobel NV - Business segments
- Exhibit 103: Akzo Nobel NV - Key news
- Exhibit 104: Akzo Nobel NV - Key offerings
- Exhibit 105: Akzo Nobel NV - Segment focus

10.4 Chemtrade Logistics Income Fund
- Exhibit 106: Chemtrade Logistics Income Fund - Overview
- Exhibit 107: Chemtrade Logistics Income Fund - Business segments
- Exhibit 108: Chemtrade Logistics Income Fund - Key offerings
- Exhibit 109: Chemtrade Logistics Income Fund - Segment focus

10.5 Eidon Ionic Minerals
- Exhibit 110: Eidon Ionic Minerals - Overview
- Exhibit 111: Eidon Ionic Minerals - Product / Service
- Exhibit 112: Eidon Ionic Minerals - Key offerings

10.6 Martin Midstream Partners LP
- Exhibit 113: Martin Midstream Partners LP - Overview
- Exhibit 114: Martin Midstream Partners LP - Business segments
- Exhibit 115: Martin Midstream Partners LP - Key offerings
- Exhibit 116: Martin Midstream Partners LP - Segment focus

10.7 Montana Sulphur and Chemical Co
- Exhibit 117: Montana Sulphur and Chemical Co - Overview
- Exhibit 118: Montana Sulphur and Chemical Co - Product / Service
- Exhibit 119: Montana Sulphur and Chemical Co - Key offerings

10.8 Quadrimex Chemical
- Exhibit 120: Quadrimex Chemical - Overview
- Exhibit 121: Quadrimex Chemical - Product / Service
- Exhibit 122: Quadrimex Chemical - Key offerings

10.9 Sasol Ltd.
- Exhibit 123: Sasol Ltd. - Overview
- Exhibit 124: Sasol Ltd. - Business segments
- Exhibit 125: Sasol Ltd. - Key news
- Exhibit 126: Sasol Ltd. - Key offerings
- Exhibit 127: Sasol Ltd. - Segment focus

10.10 Sikko Industries Ltd.
- Exhibit 128: Sikko Industries Ltd. - Overview
- Exhibit 129: Sikko Industries Ltd. - Business segments
- Exhibit 130: Sikko Industries Ltd. - Key offerings
- Exhibit 131: Sikko Industries Ltd. - Segment focus

10.11 Suncor Energy Inc.
- Exhibit 132: Suncor Energy Inc. - Overview
- Exhibit 133: Suncor Energy Inc. - Business segments
- Exhibit 134: Suncor Energy Inc. - Key offerings
- Exhibit 135: Suncor Energy Inc. - Segment focus

10.12 Teck Resources Ltd.
- Exhibit 136: Teck Resources Ltd. - Overview
- Exhibit 137: Teck Resources Ltd. - Business segments
- Exhibit 138: Teck Resources Ltd. - Key offerings
- Exhibit 139: Teck Resources Ltd. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 140: Inclusions checklist
- Exhibit 141: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 142: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 143: Research methodology
- Exhibit 144: Validation techniques employed for market sizing
- Exhibit 145: Information sources

11.5 List of abbreviations
- Exhibit 146: List of abbreviations

Methodology

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

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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