14-Jul-2023 | Zion Market Research
The global insoluble sulfur market size was worth around USD 1500 million in 2022 and is predicted to grow to around USD 1800 million by 2030 with a compound annual growth rate (CAGR) of roughly 2.8% between 2023 and 2030.
Insoluble sulfur is a specialized form of elemental sulfur that exhibits limited solubility in various solvents and rubber matrices. It is widely used in the rubber industry as a vulcanizing agent, which is a process that chemically transforms rubber into a more durable and heat-resistant material. Insoluble sulfur offers several advantages over traditional soluble sulfur in rubber compounding, leading to improved product quality and performance. The demand for insoluble sulfur is driven by the growth of the rubber industry, increasing emphasis on tire performance & safety, technological advancements in rubber compounding, and the shift towards sustainable & eco-friendly solutions. As the global demand for high-quality rubber products continues to rise, insoluble sulfur plays a crucial role in meeting the requirements of various industries, including automotive, manufacturing, and infrastructure development.
This review is based on a report by Zion Market Research, titled "Insoluble Sulfur Market By Grade (High Dispersion, High Stability, And Regular Grade), By Application (Tire Manufacturing, Industrial Application, Footwear, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030?"- Report at https://www.zionmarketresearch.com/report/insoluble-sulfur-market
Growing product demand from tire manufacturing sectors as a result of an increasing number of on-road vehicles worldwide, fast expansion in the automotive & manufacturing sectors, and increased industrialization are major factors driving the growth of the global insoluble sulfur market. The increasing usage of insoluble sulfur to convert raw rubber into complete rubber at high temperatures to increase the strength and flexibility of the rubber is likely to drive the worldwide market growth during the forecast period. Furthermore, an increasing number of applications in wire production, cables, pipelines, and other industries with well-established companies creates the profitable potential for insoluble sulfur market expansion throughout the projection period. However, the product's disrupted supply chain as a result of a worldwide pandemic, along with fluctuating raw material prices, is a key impediment to market expansion. The most significant impediment to market expansion is a lack of material availability.
The global insoluble sulfur industry is segmented based on grade, application, and region.
Based on the grade, the global market is bifurcated into high dispersion, high stability, and regular grade. The high stability segment is expected to grow at the highest CAGR during the forecast period as this product grade has comparable features to those of high dispersion grade, which includes a reflection of high thermal stability. However, this form is frequently blended with other additives to improve their performance, particularly in terms of thermal stability, which is accomplished by adding ash-free stabilizing agents such as esters, phenols, and carboxylic acid. The updated product is in high demand among rubber producers due to its high productivity and cheaper cost when compared to competitors.
Based on the application, the global insoluble sulfur industry is divided into tire manufacturing, industrial application, footwear, and others.
The Asia Pacific is expected to dominate the global insoluble sulfur market during the forecast period. Rapid infrastructure development in countries like China, India, and Southeast Asian nations stimulates the demand for rubber-based products, including conveyor belts, seals, hoses, and other rubber components. Insoluble sulfur plays a vital role in enhancing the performance and durability of these products, leading to increased demand in the region.
However, the North American region is expected to grow at a substantial rate over the forecast period owing to regulatory standards and quality requirements. North America has stringent regulatory standards and quality requirements for rubber products. Insoluble sulfur offers advantages in terms of improved dispersion, reduced blooming, and enhanced rubber cross-linking, which align with these standards and requirements. The need to meet regulatory compliance and ensure high product quality drives the market for insoluble sulfur in the region.
The global insoluble sulfur market is dominated by players like:
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