Sulfur: A Global Strategic Business Report
San Jose, California (PRWEB) March 3, 2008
Broad discrepancies exist between global sulfur supply and demand. Large stocks of sulfur are piling up at oil refineries around the world. The trend is expected to continue in future as several governments enact still stringent air pollution control regulations and make laws to further reduce sulfur content in diesel, gasoline and marine fuels. Large-scale sulfur accumulation is largely attributed to a stagnant demand from key sulfur consuming markets worldwide, along with the growing concerns regarding rising cost of logistics. United States represents the largest sulfur market in the world and is projected to grow at a compounded annual rate 2.4% over the period 2001-2010. Asia-Pacific represents the fastest growing market and is projected to reach nearly 13 million metric tons by the year 2010, as stated by Global Industry Analysts, Inc.
A range of newer avenues is being created that are likely to boost sulfur demand in future balance the global demand and supply situation. Fertilizer industries consume large amounts of sulfur during manufacturing process. India and China being agriculture driven economies offer broad opportunities for consumption of large quantities of sulfur in the form of sulfur-based fertilizers. This is likely to fuel future demand for sulfur in these countries. Construction materials derived from sulfur are considered highly reliable and long lasting. They provide better strength and convenience when compared to traditional materials such as concrete and asphalt. The multitude of benefits offered by sulfur-based materials is also expected to create larger demand for sulfur. Increasing use of sulfur for ore leaching processes is also expected to expand demand for sulfur in the coming years. Deficiency of sulfur-containing fertilizers in North America and Western Europe is another principal factor driving global consumption of sulfur. Demand for sulfur from agrochemicals is projected to cross 37.6 million metric tons by the year 2010. Petroleum refining is the fastest growing end-use segment. Sulfur consumption petroleum refining is projected to grow at a compounded annual rate of about 2.5% during the period 2001-2010.
With latest and increasing phosphate fertilizer capacity in Australia, China, and India, sulfur demand will increase in these areas at the expense of some phosphate operations elsewhere, thus relocating sulfur demand rather than producing new.
The report titled "Sulfur: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a review of factors driving sulfur demand, end-use applications, environmental issues, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific and Latin America by the following end-use segments -- Agrochemicals, Petroleum Refining and Metal Mining.
Key players dominating the global sulfur market include Chemtrade Logistics, Marathon Petroleum Company, PVS Chemicals, Shell Canada Limited, and Valero Energy.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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