Market Research Future (MRFR) has published on the “Global Sulphur Pastilles Market”.
The Sulphur Pastilles market is estimated to register a CAGR of 6.80% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the Sulphur Pastilles Market— Coogee Chemicals (Australia), Martin Midstream Partners LP (US), Swancorp (Australia), Grupa Azoty (Poland), Tiger Sul (US), National Est. Agriculture & Industrial Sulphur (Said Ghodhran Group) (Saudi Arabia).
Sulphur Pastilles Market Highlights
The Sulphur Pastilles Market is accounted to register a CAGR of 6.80% during the forecast period and is estimated to reach USD 1.8619 billion by 2032.
This growth is attributed to several factors, including the increasing demand for sulphur-based fertilizers in agriculture, rising awareness about soil health management, and the expanding application of sulphur pastilles across various industries such as chemicals, pharmaceuticals, and agriculture. Additionally, favorable government initiatives promoting sustainable agricultural practices and the growing emphasis on environmentally friendly fertilizers are expected to further propel market growth.
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Segment Analysis
The Sulphur Pastilles Market has been segmented based on Type and Process.
On the basis of Type, the market is segmented into Sulphur 90% and Sulphur 85%. The Sulphur 90% segment was attributed to holding the largest market share in 2023 due to its widespread use as a key ingredient in agricultural fertilizers, owing to its high purity and effectiveness in soil amendment and crop nutrition.
Based on Process, the Sulphur Pastilles Market has been segmented into Prilling/Pelletizing, Extrusion and Others. The Prilling/Pelletizing segment was expected to hold the largest market share in 2023 due to its efficient production process, versatility in application across various industries including agriculture, chemicals, and pharmaceuticals, and the ability to produce uniform and easily manageable sulphur pellets.
Regional Analysis
The Sulphur Pastilles Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe sulphur pastilles market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The sulphur pastilles market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World sulphur pastilles market comprises the Middle East, Africa, and Latin America.
The largest market share for sulphur pastilles was maintained by the North American regional sector caused by the region's substantial agricultural industry, which depends on sulphur pastilles for managing soil health and optimizing crop productivity, its strong industrial infrastructure, and strict environmental restrictions requiring the control of sulphur emissions.
Moreover, the Europe market has been persistently growing over the forecast period as a result of strict environmental laws requiring sulphur control techniques. The demand for sulphur pastilles is also driven by the region's diverse industries due to the rising industrial uses and the increasing adoption of sustainable agriculture practices.
Additionally, the market for sulphur paste is anticipated to expand at the quickest rate in the Asia-Pacific region between 2024 and 2032. Sulphur management solutions are required throughout the area due to rising environmental laws and expanding industrial operations, especially in the chemical industry and agriculture sectors.
Furthermore, the rest of the world's sulphur pastilles market is divided into the Middle East, Africa, and Latin America High demand for sulphur in fertilizers to enhance crop yield and soil health. Extensive use in the chemical industry for manufacturing sulphuric acid and other chemicals is also driving the market growth. Strict environmental regulations promoting the use of sulphur pastilles in cleaner and safer industrial processes.
Key Findings of the Study
- The Sulphur Pastilles Market is expected to reach USD 1.8619 billion by 2032, at a CAGR of 6.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. Growing environmental regulations and an increase in industrial activities, particularly in the chemical and agricultural industries, necessitate the need for sulphur management solutions throughout the region.
- Based on Type, the Sulphur 90% segment was attributed to holding the largest market in 2023, with an approximate market share of 45–65%.
- Coogee Chemicals (Australia), Martin Midstream Partners LP (US), Swancorp (Australia), Grupa Azoty (Poland), Tiger Sul (US), and National Est. Agriculture & Industrial Sulphur (Said Ghodhran Group) (Saudi Arabia) are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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