According to ChemAnalyst report, “Global Insoluble Sulphur Market Analysis: Plant Capacity, Operating Efficiency, Process, Demand & Supply, End-Use, Grade, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030” The Insoluble Sulphur market witnessed steady growth in the historical years and is estimated to reach a market volume of 420 thousand tonnes with a CAGR of 5.29% until 2030. Growing demand of radialized tyres especially from the commercial automobile segment is expected to boost the global Insoluble Sulphur market.
Insoluble Sulphur is an important rubber additive used as a vulcanizing accelerator and agent by the rubber and tyre industry as it helps in improving the quality, elasticity and strength of the product. It is extensively used in high quality rubber components which requires a high degree of tack and resistance to fatigue and ageing, particularly in radial tyres, cable and wire insulating materials, belting and hoses.
The rapid growth of global tyre industry is driving the Insoluble Sulphur market. With the rise in number of on-road vehicles around the world, the demand for convenience and high maintenance tyre replacements is also increasing. The tyre manufacturers across the globe are under pressure from regulator`s and consumers to introduce more fuel-efficient tyres, while facing technological challenges in the heavily competitive markets. Global competitive pricing offered by automotive manufacturers has created a surge in consumer spending on commercial cars in emerging economies. Along with rising penetration of radialized tyres in both commercial vehicles and passenger cars would further bolster the role of Insoluble Sulphur across the automotive sector of the world. Surging demand for radialized tyres along with the automotive industry’s intense focus on improving vehicle’s fuel efficiency, lightweight characteristics and better mileage, would further boost the demand for Insoluble Sulphur in the upcoming years. Additionally, with ever changing consumer preferences and innovation, increased role of Insoluble sulphur in the footwear industry value chain would further excel the market growth in the years to come.
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Global Insoluble Sulphur Market is segmented based on grade, end use, distribution channel and region. Based on grade, market is segregated into regular grades, high stability (HS) grades, and special grades (SG). Based on grade, regular grade is leading the global Insoluble Sulphur market due to its enhanced usage across versatile rubber producing industries. Regular grade Insoluble Sulphur comprises of zero additive mixtures and is commercially considered as the most important form of insoluble Sulphur. Requirement for High Stability grade is rising due to their high level of thermal stability and advanced characteristics to serve various applications would accelerate the demand for Insoluble Sulphur during the forecast period.
Based on the end-user industry, the Insoluble Sulphur market is segmented into sectors like Tyre, Hoses, Rubber Sheets, and Others. Although Tyre industry is the dominating the Insoluble Sulphur market. In 2021, this industry held approximately 70% of the market share. Due to rising demand of tyre for commercial and personal vehicles, the demand of Insoluble Sulphur as a vulcanizing agent is anticipated to rise in the forecast period.
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Asia-Pacific region holds the highest share of consumption for Insoluble Sulphur. . Due to rapid industrialization across China, India, Japan, South Korea and multiple other Asian countries, there has been exponential growth in the consumer spending on automobiles. Moreover, the region also contributes a major portion of footwear produced in the world thereby generating a major portion of the global Insoluble Sulphur demand throughout the year.
“Global Insoluble Sulphur Market Analysis: Plant Capacity, Operating Efficiency, Process, Demand & Supply, End-Use, Grade, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2030”, The major players operating in the global Insoluble Sulphur market are Eastman Chemical Company, China Sunshine Chemical Co. Ltd., Shikoku Chemicals Corporation, Oriental Carbon & Chemicals Ltd, Luoyang Sunrise Industrial Co., Ltd, and others.
“Being linked to applications in the automotive and tyre industry, the Global Insoluble Sulphur Industry has shown a considerable demand in historic period and is anticipated to boost the market in the forecast period due to the rapid industrialization and ever-changing consumer preference. In addition, emerging technologies and growing per capita income worldwide poised a stronger outlook to the Insoluble Sulphur demand. With upcoming competitors across the Insoluble Sulphur market, it is extremely important to keep an eye on which region will grab the biggest market share in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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