Sulfur: A Global Strategic Business Report
San Jose, CA (Vocus) November 1, 2010
Global economic recession jolted sulfur market across various geographies during 2008 and 2009. Consumption of sulfur declined considerably across all end-use segments such as agrochemicals, petroleum refining, and metal mining in almost all matured regions including the US, Canada, Europe and Japan. However, Asian sulfur market was minimally impacted by the recession. Going forwards, supply of sulfur is expected to grow noticeably, mainly driven by growing demand in Asia-Pacific, Eastern Europe, and the Middle East.
Asia-Pacific represents the largest as well as fastest growing regional market for sulfur worldwide, as stated by the new market research report on Sulfur. Within Asia-Pacific, consumption of sulfur is significantly higher in China and Southeast Asian countries. Asia-Pacific sulfur market is portended to register the fastest CAGR over the 2007-2015 period. Europe and the US represent other major markets for sulfur.
Agrochemicals category constitutes the largest end-use segment of sulfur. Sulfur is directly employed for the synthesis of sulfuric acid, major portion of which is used in producing agrochemicals and fertilizers. Demand for sulfur in agrochemicals is projected to reach 41.1 million metric tons by 2012. Metal Mining category represents the fastest growing end-use segment.
Sulfur pollution in the form of hydrogen sulfide, sulfur dioxide, and sulfur trioxide is regarded highly hazardous to the environment. The oxides react rapidly with water and other pollutants in the atmosphere to form sulfate aerosols. The pollutants constitute a major acid rain contributor, which in turn increases soil acidity over wide areas making it unfit for agricultural purposes. Legislations have been enforced in various countries restricting the level of sulfur dioxide emissions from companies’ exhaust in various industries. Copper smelting is one such major industry. Smelters have been required to recover increasing percentages of sulfur dioxide that is emitted during the smelting process. Power plants represent other major sector, which are under pressure to reduce their sulfur dioxide emissions. Some companies have limited sulfur dioxide emissions by burning low-sulfur coal or using limestone-scrubbing systems. However, several companies are recovering sulfur dioxide as sulfuric acid.
In recent years, sulfur markets in various parts of the world witnessed turbulence in pricing. Increased demand from industrial as well as fertilizer sectors, supply crunch and drop in inventory levels pushed up the prices of sulfur in 2007 and mid-2008. However, by the end of 2008, the market recorded sharp decline in prices, owing to global recession and reduced imports by leading countries including China. The scenario adversely impacted prices of phosphate fertilizers. Prices of sulfur in all the leading markets as well as exporting regions remained weak during 2009 as well.
Major players profiled in the report include Chemtrade Logistics, Jupiter Sulphur LLC, Marathon Petroleum Company LLC, PRISM Sulphur Corporation, PVS Chemicals Inc., Shell Canada Limited, and Valero Energy Corporation.
The research report titled “Sulfur: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Sulfur markets, impact of recession on the markets, current market trends, key growth drivers, product overview, end-use industry analysis, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Sulfur market for the years 2007 through 2015 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key end-use segments analyzed include Agrochemicals, Petroleum Refining, Metal Mining, and Others. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Sulfur_Market_Report.asp
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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/
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