Global Insoluble Sulfur Market, By Grade (Regular Grades, High Dispersion Grades, High Stability Grades, Special Grades), Application (Tire Manufacturing, Industrial Application, Footwear, Cable and Wire, Pipe, Others), Distribution Channel (Direct/Institutional Sales, Retail Sales, Others), Product (Non-Oil-Filled Insoluble Sulfur, Oil-Filled Insoluble Sulfur) – Industry Trends and Forecast to 2030.
Insoluble Sulfur Market Analysis and Size
Insoluble sulfur is a standard rubber additive. It improves product quality, wear ability, fatigue, and aging resistance. It is widely used to manufacture tires, rubber pipes, shoes, cable and wire insulating materials, latex, and all types of automobile rubber parts. It is also universally recognized as the best vulcanizing agent. It is also an essential part of belt tires.
Data Bridge Market Research analyses that the global insoluble sulfur market was valued at USD 1.78 billion and is expected to reach the value of USD 2.34 billion by 2030, at a CAGR of 3.50% during the forecast period of 2023 to 2030. “Tire Manufacturing” is the dominating segment due to substantial product demand coming from the globally expanding tire manufacturing industry. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Insoluble Sulfur Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Grade (Regular Grades, High Dispersion Grades, High Stability Grades, Special Grades), Application (Tire Manufacturing, Industrial Application, Footwear, Cable and Wire, Pipe, Others), Distribution Channel (Direct/Institutional Sales, Retail Sales, Others), Product (Non-Oil-Filled Insoluble Sulfur, Oil-Filled Insoluble Sulfur)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Eastman Chemical Company (U.S.), Henan Kailun Chemical Co., Ltd. (China), LANXESS (Germany), Lions Industries s.r.o (Slovakia), Luoyang sunrise industrial co.,ltd. (China), Nynas AB (Sweden), Oriental Carbon & Chemicals Limited (India), Sennics Co. (China), SHIKOKU CHEMICALS CORPORATION. (Japan), and Weifang Jiahong Chemical Co.,Ltd. (China)
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Market Opportunities
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Market Definition
Insoluble sulfur is an amorphous form of sulfur that results from the heat-polymerization of sulfur. It can also be made by combining sulfurated hydrogen and sulfur dioxide. It's a macromolecule polymer with thousands of sulfur atoms in its molecular chains. As it does not dissolve in carbon disulfide, it is known as insoluble sulfur or polymeric sulfur.
Global Insoluble Sulfur Market Dynamics
Drivers
- Growing Need for Tires Due to Rise in On-Road Vehicle
In the tire industry, insoluble sulfur is widely used. The growing number of on-road vehicles on the planet has increased demand for convenient and low-maintenance tire replacements. Tire manufacturers worldwide are under intense pressure from regulators and consumers to develop more fuel-efficient tires while also facing technological challenges to gain a competitive edge in a highly competitive market. The increased use of insoluble sulfur to convert raw rubber into complete rubber at high temperatures to improve the strength and flexibility of the rubber is expected to drive the global insoluble sulfur market during the forecast period 2023-2030.
- Product Innovations and Collaborations
The market has undergone significant changes as a result of key multinational innovations. Eastman Chemical Company, for example, introduced CrystexCure Pro in February 2018, a non-blooming vulcanizing agent used in rubber formulation to improve the qualities of radial tires. Furthermore, Nynas, a specialty bitumen and naphthenic oil producer introduced a line of products under the Nytex brand that are commercially available in various viscosities and are highly compatible with robust types of rubber as well as sulfur.
Opportunity
- Introduction of Biodegradable Options and Other Innovations
Furthermore, the leading players' increasing launch of biodegradable Insoluble Sulfur further extend profitable opportunities to the market players in the forecast period of 2023-2030. Additionally, the cigarette filter innovation has resulted in the addition of novel flavored Insoluble Sulfur, such as menthol, clove taste, chocolate and others, which will further expand the future growth of the global insoluble sulfur market.
Restraint/Challenge
- Disrupted Supply Chains
A disrupted supply chain due to the pandemic and volatility in raw material prices will likely act as market restraints for the growth of insoluble sulfur in the above-mentioned projected timeframe. Lack of material availability will be market growth's most significant and immediate challenge.
This global insoluble sulfur market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global insoluble sulfur market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In April 2022, as part of a multi-year strategic agreement with Eastman, Maip Group, a major global plastics formulator, and compound producer, will introduce innovative components for new resins in the automobile industry
- In May 2022, Nynas announced and planned improvements as part of a significant, strategic, and innovative transformation journey that would enhance and change its business in the coming years
Global Insoluble Sulfur Market Scope
The global insoluble sulfur market is segmented on the basis of grade, distribution channel, product, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Regular Grades
- High Dispersion Grades
- High Stability Grades
- Special Grades
Product
- Non-Oil-Filled Insoluble Sulfur
- Oil-Filled Insoluble Sulfur
Application
- Tire Manufacturing
- Industrial Application
- Footwear
- Cable and Wire
- Pipe
- Others
Distribution Channel
- Direct/Institutional Sales
- Retail Sales
- Others
Global Insoluble Sulfur Market Analysis/Insights
The global insoluble sulfur market is analyzed and market size insights and trends are provided by country, grade, distribution channel, product, and application as referenced above.
The countries covered in the global insoluble sulfur market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the global insoluble sulfur market because of the region's increasing number of rubber processors and the easy availability of land and skilled labor. North America region is expected to have the highest growth rate because of the increasing growth of the rubber and automotive industries, as well as the prevalence of a variety of manufacturers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Insoluble Sulfur Market Share Analysis
The global insoluble sulfur market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global insoluble sulfur market.
Some of the major players operating in the global insoluble sulfur market are:
- Eastman Chemical Company (U.S.)
- Daicel Corporation (Japan)
- Celanese Corporation (U.S.)
- Mitsubishi Chemical Holdings Corporation (Japan)
- Sappi (South Africa)
- Rayonier Advanced Materials, Inc (U.S.)
- Tobacco Tactics (China)
- Sichuan Push Acetati Co., Ltd. (China)
- Cerdia International GmbH (Switzerland)
- Tokyo Pipe Co.,Ltd. (Japan)
- Yuri Gagarin PLC (Bulgaria)
- SwissQualityPaper AG (Switzerland)
- ARD Filters Inc (U.A.E.)
- Nemuno banga (Lithuania)
- Denicotea (Deutschland)
- Hind Filters Private Limited (India)
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