Insoluble Sulfur Market, By Grade (High Dispersion, High Stability and Regular Grade), By Application (Tire Manufacturing, Industrial Application and Footwear), By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
REPORT HIGHLIGHT
Insoluble Sulfur Market size was valued at USD 1,708.6 Million in 2022, expanding at a CAGR of 3.9% from 2023 to 2030.
Commonly used rubber enhancers encompass the inclusion of insoluble sulfur. This element elevates the durability, resilience to fatigue, and resistance to aging within various products. Its applications span a wide spectrum, encompassing the production of latex, rubber materials, automotive rubber components in a myriad of sizes and forms, as well as rubberized tires, conduits, footwear, and insulating materials for cables and wires. Universally recognized as the paramount vulcanization agent, insoluble sulfur plays an indispensable role in the fabrication of belted tires.
Insoluble Sulfur Market- Market Dynamics
- Increasing demand for rubber products drives market growth
A significant catalyst propelling the insoluble sulfur market forward is the surging demand for rubber-based products, particularly within the automotive sector. In the realm of tire manufacturing, insoluble sulfur serves as a crucial vulcanizing agent, augmenting the endurance and mechanical attributes of rubber compounds. The clamor for insoluble sulfur is poised to surge in tandem with the continued expansion of the automotive industry and the burgeoning preference for high-performance tires.
To illustrate, recent data from the Ministry of Industry and Information Technology indicates that vehicle sales in 2021 reached a staggering 26 million units, marking a substantial 7.1% upswing from the previous year, with passenger cars alone accounting for 21.48 million units. Concurrently, the Bureau of Transportation Statistics reports a 4.5% rise in total vehicle production in the United States, encompassing both passenger and commercial vehicles, from 8.8 million units in 2020 to 9.1 million units in 2019. These trends are poised to underpin market growth throughout the projected period.
Insoluble Sulfur Market- Key Insights
- According to insights presented by our research analysts, the global Insoluble Sulfur market is poised for substantial annual growth, with a projected CAGR of approximately 3.9% throughout the envisaged period spanning from 2023 to 2030.
- The upward trajectory of the insoluble sulfur sector is primarily attributed to the burgeoning automotive industry, which is anticipated to drive significant expansion.
- In terms of product classification, the regular grade category is foreseen as the dominant segment, maintaining its market leadership over the forecast duration.
- Regionally, the Asia Pacific region is forecasted to take the lead and exert its dominance throughout the envisaged forecast period.
Insoluble Sulfur Market- Segmentation Analysis:
The Global Insoluble Sulfur Market exhibits segmentation based on grade, application, and geographic region.
Regarding grade classification, the global market distinguishes between high dispersion, high stability, and regular grade variants. Notably, the regular grade category is poised to assert its dominance over the projected period. This prominence can be attributed to the product\'s extensive utilization across various industries involved in rubber compound production.
Furthermore, the standard grade, often devoid of additional additives, is universally recognized as the fundamental type of insoluble sulfur within the industry. It is a staple vulcanizing agent, favored by major industry players. It is worth noting that, despite compliance with non-hazardous standards set by EC regulations, basic safety precautions are strongly recommended for individuals handling this material in a work environment.
Insoluble Sulfur Market- Competitive Landscape:
In the quest to maintain their competitive edge in the market, leading industry players have implemented a range of strategic initiatives, encompassing product introductions, mergers and acquisitions, collaborative partnerships, and various other approaches. Among the prominent players shaping the industry landscape are SHIKOKU, Schill + Seilacher Struktol, Grupa Azoty, China Sunsine Chemical, Nynas, KUMHO PETROCHEMICAL, Oriental Carbon & Chemicals, Willing New Materials Technology, SANSHIN CHEMICAL INDUSTRY, Henan Kailun Chemical, CHEMSPEC, LANXESS, WUXI HUASHENG, Tongnuo, Heze Great Bridge Chemical, Zhejiang NetSun, Changde Dingyuan Chemical Industrial, LIONS INDUSTRIES, and Eastman Chemical Company. These dynamic players have leveraged diverse strategies to stay ahead in the competitive landscape.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL INSOLUBLE SULFUR MARKET KEY PLAYERS
- SHIKOKU CHEMICALS CORPORATION
- Schill + Seilacher \"Struktol\"
- Grupa Azoty
- Shanghai Shangyi Chemical Technology Company
- China Sunsine Chemical Holdings
- Nynas AB
- KUMHO PETROCHEMICAL
- Oriental Carbon & Chemicals
- Willing New Materials Technology Co. Ltd.
- SANSHIN CHEMICAL INDUSTRY CO. LTD.
- Henan Kailun Chemical Co. Ltd.
- CHEMSPEC LTD.
- LANXESS
- WUXI HUASHENG RUBBER TECHNICAL CO. LTD
- Tongnuo Group Co. Ltd.
- Heze Great Bridge Chemical Co. Ltd.
- Zhejiang NetSun Co. Ltd.
- Changde Dingyuan Chemical Industrial Limited
- LIONS INDUSTRIES
- Eastman Chemical Company
GLOBAL INSOLUBLE SULFUR MARKET, BY GRADE
- High Dispersion
- High Stability
- Regular Grade
GLOBAL INSOLUBLE SULFUR MARKET, BY APPLICATION
- Tire Manufacturing
- Industrial Application
- Footwear
- Others
GLOBAL INSOLUBLE SULFUR MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
TABLE OF CONTENT
1. Insoluble Sulfur Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Insoluble Sulfur Market Snippet by Grade
2.1.2. Insoluble Sulfur Market Snippet by Application
2.1.3. Insoluble Sulfur Market Snippet by Country
2.1.4. Insoluble Sulfur Market Snippet by Region
2.2. Competitive Insights
3. Insoluble Sulfur Key Market Trends
3.1. Insoluble Sulfur Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Insoluble Sulfur Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Insoluble Sulfur Market Opportunities
3.4. Insoluble Sulfur Market Future Trends
4. Insoluble Sulfur Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Insoluble Sulfur Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Insoluble Sulfur Market Landscape
6.1. Insoluble Sulfur Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Insoluble Sulfur Market – By Grade
7.1. Overview
7.1.1. Segment Share Analysis, By Grade, 2022 & 2030 (%)
7.1.2. High Dispersion
7.1.3. High Stability
7.1.4. Regular Grade
8. Insoluble Sulfur Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2022 & 2030 (%)
8.1.2. Tire Manufacturing
8.1.3. Industrial Application
8.1.4. Footwear
8.1.5. Others
9. Insoluble Sulfur Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2022 & 2030 (%)
9.2. North America
9.2.1. Overview
9.2.2. Insoluble Sulfur Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.2.4. North America Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.2.7.3. Canada Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.2.7.4. Canada Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Insoluble Sulfur Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.9.4. France Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.10. Russia
9.3.10.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.10.2. Russia Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.10.3. Russia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.11. Netherlands
9.3.11.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.11.2. Netherlands Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.11.3. Netherlands Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.12. Sweden
9.3.12.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.12.2. Sweden Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.12.3. Sweden Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.13. Poland
9.3.13.1. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.13.2. Poland Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.13.3. Poland Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.3.14. Rest of Europe
9.3.14.1. Overview
9.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.3.14.3. Rest of the Europe Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.3.14.4. Rest of the Europe Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Insoluble Sulfur Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.6.4. India Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.7.4. China Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.10. Australia
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.10.3. Australia Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.10.4. Australia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.11. Thailand
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.11.3. Thailand Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.11.4. Thailand Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.12. Indonesia
9.4.12.1. Overview
9.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.12.3. Indonesia Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.12.4. Indonesia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.13. Philippines
9.4.13.1. Overview
9.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.13.3. Philippines Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.13.4. Philippines Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.4.14. Rest of APAC
9.4.14.1. Overview
9.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.4.14.3. Rest of APAC Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.4.14.4. Rest of APAC Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Insoluble Sulfur Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.9. Colombia
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.9.3. Colombia Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.5.9.4. Colombia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.5.10.3. Rest of LATAM Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.5.10.4. Rest of LATAM Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Insoluble Sulfur Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.8. Israel
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.8.3. Israel Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.6.8.4. Israel Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.9. Turkey
9.6.9.1. Overview
9.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.9.3. Turkey Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.6.9.4. Turkey Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.10. Algeria
9.6.10.1. Overview
9.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.10.3. Algeria Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.6.10.4. Algeria Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.11. Egypt
9.6.11.1. Overview
9.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.11.3. Egypt Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.6.11.4. Egypt Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
9.6.12. Rest of MEA
9.6.12.1. Overview
9.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2018 - 2030, (US$ Million)
9.6.12.3. Rest of MEA Market Size and Forecast, By Grade, 2018 - 2030 (US$ Million)
9.6.12.4. Rest of MEA Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
10. Key Vendor Analysis- Insoluble Sulfur Industry
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. SHIKOKU CHEMICALS CORPORATION
10.2.2. Schill + Seilacher \"Struktol\" GmbH
10.2.3. Grupa Azoty
10.2.4. Shanghai Shangyi Chemical Technology Company
10.2.5. China Sunsine Chemical Holdings Limited.
10.2.6. Nynas AB
10.2.7. KUMHO PETROCHEMICAL
10.2.8. Oriental Carbon & Chemicals Limited
10.2.9. Willing New Materials Technology Co. Ltd.
10.2.10. SANSHIN CHEMICAL INDUSTRY CO. LTD.
10.2.11. Henan Kailun Chemical Co. Ltd.
10.2.12. CHEMSPEC LTD.
10.2.13. LANXESS
10.2.14. WUXI HUASHENG RUBBER TECHNICAL CO. LTD
10.2.15. Tongnuo Group Co. Ltd.
10.2.16. Heze Great Bridge Chemical Co. Ltd.
10.2.17. Zhejiang NetSun Co. Ltd.
10.2.18. Changde Dingyuan Chemical Industrial Limited
10.2.19. LIONS INDUSTRIES
10.2.20. Eastman Chemical Company
11. 360 Degree Analyst View
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
