The global insoluble sulfur market size was worth around USD 1500 million in 2022 and is predicted to grow to around USD 1800 million by 2030 with a compound annual growth rate (CAGR) of roughly 2.8% between 2023 and 2030.
The study examines the demand-side and supply-side forces impacting the global insoluble sulphur market throughout the forecast period. The paper also investigates fresh possibilities in the insoluble sulphur market.
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???? The Market for Insoluble Sulphur: A Snapshot
To clarify, “insoluble sulphur” is a type of elemental sulphur that isn’t easily dissolved in common organic solvents or rubber matrices. Sulphur is a naturally occurring chemical element that is yellow, brittle, and solid. As a vulcanizing agent, it improves the characteristics and lifespan of rubber products, hence it sees extensive application in the rubber sector. Carbon disulfide and other organic solvents can be used to dissolve the sulfur-based compounds often employed in rubber compounding. However, the migration of these soluble forms inside the rubber matrix may cause performance difficulties. As a solution, insoluble sulphur was created. Controlled chemical reactions produce sulphur particles coated with a polymer, making the sulphur insoluble. This covering prevents the sulphur from migrating into rubber composites and renders it insoluble in typical solvents. Because this sulphur is insoluble, it is distributed more evenly throughout the rubber matrix during compounding and vulcanization, which improves the quality and performance of the final product.
???? Conclusions and Recommendations
• Our research analyst projects that the worldwide insoluble sulphur market will expand at a compound annual growth rate (CAGR) of about 2.8% between 2023 and 2030.
• The global insoluble sulphur market was worth approximately $1,500,000,000 in 2022 and is expected to reach $1,800,000,000 by 2030.
• Growth in the insoluble sulphur market is anticipated to be driven by the rising number of automobiles on the planet throughout the forecast time frame.
➤ The market is expanding because of the rising demand for rubber goods
A major factor propelling the insoluble sulphur market is the surging need for rubber goods, especially in the automotive sector. As a vulcanizing agent, insoluble sulphur is widely used in the tyre industry to increase the mechanical qualities and longevity of rubber. Increases in automobile production and interest in high-performance tyres point to a bright future for insoluble sulphur. For instance, sales of automobiles in 2021 increased by 7.1% from the previous year to an estimated 26 million, including 21.48 million passenger cars, as reported by the Ministry of Industry and Information Technology. Furthermore, overall US vehicle production (including passenger cars and commercial vehicles) was estimated at roughly 9.1 million units in 2021, up from 8.8 million units in 2020, an increase of 4.5%. As a result, the aforementioned fact lends credence to the market’s projected growth during the coming years.
➤ The market’s expansion may be hampered by its reliance on the rubber sector
The rubber market is intrinsically linked to the insoluble sulphur market. The demand for insoluble sulphur is highly sensitive to fluctuations or recessions in the rubber industry. The market for rubber goods is susceptible to fluctuations due to factors such as economic instability, shifting customer tastes, and variations in automobile and tyre production.
➤ New rubber compounding technologies present a major chance
The increased need for insoluble sulphur is a result of recent developments in rubber compounding technology. For efficient dispersion and distribution across rubber compounds, insoluble sulphur is necessary for modern compounding procedures including masterbatch systems and computerised mixing processes. Increased efficiency and effectiveness in rubber compounding as a result of these technological improvements has led to a rise in demand for insoluble sulphur. For instance, Nynas has declared and planned improvements as part of a sizable, inventive, and strategic transformation journey that will improve and transform its firm in the next years.
➤ Market expansion faces significant obstacles from environmental regulations
The demand for insoluble sulphur may be affected by environmental policies and sustainability programmes. Reduced environmental impact and the development of sustainable solutions are becoming priorities in the rubber business. Therefore, there may be a switch to additives and compounding processes with a smaller impact on the environment. It is possible that environmental regulations and the demand for environmentally acceptable solutions would slow the expansion of the insoluble sulphur industry.
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The Global Insoluble Sulfur Market is segmented based on product, application and region
Global Insoluble Sulfur Market: Product Segment Analysis
● High Dispersion
● High Stability
● Regular
Global Insoluble Sulfur Market: Application Segment Analysis
● Tire Manufacturing
● Industrial Application
● Footwear
● Others
The global insoluble sulfur market is dominated by players like:
● Shanghai Shangyi Chemical Technology Company
● Oriental Carbon & Chemicals Limited
● Grupa Azoty
● SHIKOKU CHEMICALS CORPORATION
● China Sunsine Chemical Holdings Limited.
● Nynas AB
● KUMHO PETROCHEMICAL
● Schill + Seilacher “Struktol” GmbH
● Willing New Materials Technology Co. Ltd.
● SANSHIN CHEMICAL INDUSTRY CO. LTD.
● Henan Kailun Chemical Co. Ltd.
● LANXESS
● CHEMSPEC LTD.
● Zhejiang NetSun Co. Ltd.
➤ Foreseen market growth is largest in Asia and the Pacific
Due to the region’s expanding rubber industry, analysts predict that Asia Pacific will lead the world in insoluble sulphur demand over the next few years. Countries like China, India, Thailand, Indonesia, and Malaysia, which produce a substantial portion of the world’s rubber, are located in this area. Demand for insoluble sulphur is high because of the developed rubber industries in these nations. Tyres and other rubber components are in high demand because of the region’s expanding population, expanding urbanisation, and improving infrastructure. The automotive industry is also expanding rapidly in the Asia-Pacific area. Vehicle manufacturing and sales in countries like China and India are on the rise. The rising need for insoluble sulphur is a direct result of the region’s thriving automotive industry, where tyres are made using insoluble sulphur. For instance, sales of passenger automobiles increased from 30,69,523 to 38,90,114, as reported by the Society of Indian Automobile Manufacturers.
Sales of Passenger Cars increased from 14,67,039 in FY-2022-23 to 17,47,376 in FY-2022-23, while sales of Utility Vehicles increased from 14,89,219 to 20,03,718 and sales of Vans increased from 1,13,265 to 1,39,020 units. Overall sales of commercial automobiles increased from 7,16,566 to 9,62,468. Sales of light commercial vehicles rose from 4,75,989 to 6,03,465 units, and sales of medium and heavy commercial vehicles rose from 2,40,577 to 3,59,003 units, as compared to the previous year. Consequently, the aforementioned fact bolsters the development of the regional market.
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