Sulphur Dioxide Market: Overview and Dynamics
Sulphur dioxide is a gaseous chemical compound with the formula SO2. The primitive use of Sulphur dioxide is the contact process used in conversion to sulfuric acid. With the increasing global demand scale of sulfuric acid in the fertilizer industry, the Sulphur dioxide market is expected to have a higher single-digit CAGR over the assessment period.
The global market players are consistently adding efforts to come up with innovative sulfuric acid solutions in the production of chemical fertilizers, this has been identified as a recent trend within the industry. For instance, BASF SE, Du-Pont amongst others are witnessed to launch products with more efficiency in the desulfurization process with formic acid. Furthermore, food & beverage industry is a consumer of the Sulphur dioxide product used in the alcoholic drinks, preservatives, anti–oxidants etc.
Based on industry requirements, Sulphur dioxide is used in a variety of applications. Fertilizer industries accounted to hold the highest market share under Sulphur dioxide market. Furthermore, demand from unconventional industries such as waste water etc. are fueling the global sulphur dioxide market. Food & Beverages along with textile industry accounted to hold for over one fourth of the market share in 2019.
COVID-19 Impact Insights
COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This in result has disrupted almost every market and Sulphur dioxide market has also been affected largely. COVID-19 pandemic has presented massive disruptions in the demand-supply equilibrium across multiple industries, leading towards economic losses at a global level. The plant shutdowns in Europe, Asia and North America in the second quarter of 2020 have reduced the production scale of Sulphur dioxide. However, the market is expected to bounce back strongly by first quarter of 2021.
Segmentation Analysis of Sulphur Dioxide Market
The global Sulphur dioxide market is divided into four major segments: function, form type, end-use, and region.
Based on function, Sulphur dioxide market has been segmented as follows:
- Reducing agent & solvent
Based on the form type, Sulphur dioxide market has been segmented as follows:
Based on end-use industry, Sulphur dioxide market has been segmented as follows:
- Food & Beverages
Based on geographic regions, Sulphur dioxide market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Sulphur Dioxide Market: Regional Outlook
Based on the regional split, the report “Sulphur dioxide market” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. Of these, Asia Pacific claims for over half of the consumption due to well-established end-use industries. Further, India is expected to turn out as the most promising country in Sulphur dioxide market owing to increasing demand from textile and food & beverage industries. North America accounts for nearly 35% of the Sulphur dioxide market share.
Further, Europe is expected to turn out as the most promising region under Sulphur dioxide market is projected to rise demand at an annual growth rate of over 4%.
Middle East & Africa along with Latin America accounts for nominal shares under Sulphur dioxide market.
Sulphur Dioxide Market: Key Players
The global market of the Sulphur dioxide is fairly distributed, players have a dominant presence across regions through streamlined distribution networks. BASF SE, Du-Pont, Mosaic, Maaden etc. are amongst the prominent players in Sulphur dioxide market accounting for over 45% of the market revenues.
The demand of the Sulphur and the chlorofluorocarbon with low chemical oxygen demand, low toxic, inflammable, low pungent odour and other associated properties have been witnessed across the regional players.
However, regional clusters including Asia and Africa backing the local manufacturers are presenting challenges to global players offering their products at higher price points which in turn is significantly disturbing the overall Sulphur dioxide market revenues.
The research report presents a comprehensive assessment of the Sulphur dioxide market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Sulphur dioxide market report provides analysis and information, according to market segments such as geographies, product type, material type and end use.
The Sulphur Dioxide Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Sulphur Dioxide Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand , Rest of South Asia & Oceania)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Sulphur dioxide report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Sulphur dioxide report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Sulphur dioxide report also maps the qualitative impact of various market factors on market segments and geographies.
The Sulphur dioxide Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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