Global Sulfur Market | Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2026
The global sulfur market is projected to expand at a substantial CAGR during the forecast period, 2020 – 2026. The growth of the market is attributed to the increase in demand of sulfur in fertilizer manufacturing sector and use for vulcanization processes.
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Sulfur is a pale-yellow colored, naturally occurring solid non-metal, which is insoluble in water, and has its chemical symbol as “S”. It is found in volcanic deposits and is majorly extracted from salt domes where it occurs in pure form but now this method has been obsolete owing to the new technologies It is a poor conductor of heat and exists in two crystalline forms which are rhombic or octahedral (α-sulfur), and monoclinic sulfur (β-sulfur).
About 90% of the sulfur produced is used to make sulfur dioxide, which is converted to sulfuric acid, primary ingredient in phosphate fertilizer. Various other applications of Sulfuric acid include wastewater processing, mineral extraction and oil refining. Sulfur is used in the vulcanization of black rubber. Elemental form of a sulfur is used in the production of black gunpowder, match sticks, insecticides, and fungicides. Sulfur is also used in fruits and dried fruits preservatives which is a major part of global economy. Cement polymers also have sulfur as one its ingredients.
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