세계의 유황 시장 조사 보고서(2025년)

Global sulfur reached 62.15 Mt of sales in 2024 with industry-level revenue of about US$11.16bn and an implied average price near US$180/t, placing the market in a "tight-enough demand, normalized pricing" regime after the 2022 spike and 2023 reset. By 2024 sales volume, Saudi Aramco (~10.9%) and Sinopec (~10.2%) lead, followed by ADNOC, Gazprom, and Canadian Natural Resources; the Top 5 account for ~42.3% combined. At the same time, the long-tail "Others" still represents ~30.7%, leaving the market structurally tradable and highly sensitive to logistics and downstream operating rates rather than producer concentration alone.

Supply behaves like a compliance-driven by-product: sulfur is recovered as an unavoidable outcome of sour gas treating and refinery desulfurization. In 2024, the source split highlights this reality-Natural Gas ~35.51 Mt (~57%), Crude Oil ~22.00 Mt (~35%), and Other sources ~4.64 Mt (~7%). Regionally, the Middle East contributes ~32.8% of output, with China and CIS each around ~21%, aligning production with high-sulfur feedstock systems and large-scale processing infrastructure.

Demand is dominated by the sulfuric acid chain. In 2024, fertilizer-linked sulfuric acid consumed ~27.47 Mt (~44%), metals-related sulfuric acid ~20.68 Mt (~33%), and chemical processing ~14.00 Mt (~22%). Asia-Pacific is the demand center at ~34.65 Mt (~56%), effectively anchoring trade flows and marginal pricing dynamics.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Sulphur, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sulphur.

The Sulphur market size, estimations, and forecasts are provided in terms of output/shipments (k Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Sulphur market comprehensively. Regional market sizes, concerning products by Source, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Sulphur manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Source, by Application, and by regions.

Market Segmentation

By Company

• Saudi Aramco
• Canadian Natural Resources
• Gazprom
• Abu Dhabi National Oil Company (ADNOC)
• Shell
• Tengizchevroil
• Kuwait Petroleum Corporation (KPC)
• Suncor Energy
• Pemex
• National Petrochemical Company (NPC)
• Egyptian General Petroleum Corporation (EGPC)
• Freeport-McMoRan (FCX)
• Petrobras
• Qatar Petrochemical Company (QAPCO)
• Indian Oil Corporation Limited (IOCL)
• Petroliam Nasional Berhad (PETRONAS)
• Sinopec
• CNPC
• Rongsheng Petrochemical
• Sinochem
• China National Offshore Oil Company (CNOOC)

Segment by Source

• Natural Gas
• Crude Oil
• Others

Segment by Application

• Sulfuric Acid (fertilizer field)
• Sulfuric Acid (metal manufacturing field)
• Chemical Processing

Production by Region

• Middle East
• CIS
• Americas
• China
• Europe
• Others

Consumption by Region

• North America
  • U.S.
  • Canada
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Others
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Others
• Latin America, Middle East & Africa
  • Mexico
  • Brazil
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Others

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Source, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Sulphur manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Sulphur by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Sulphur in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by Source, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.

Table of Contents

1 Sulphur Market Overview

• 1.1 Product Definition
• 1.2 Sulphur by Source
  • 1.2.1 Global Sulphur Market Value Growth Rate Analysis by Source: 2024 VS 2031
  • 1.2.2 Natural Gas
  • 1.2.3 Crude Oil
  • 1.2.4 Others
• 1.3 Sulphur by Application
  • 1.3.1 Global Sulphur Market Value Growth Rate Analysis by Application: 2024 VS 2031
  • 1.3.2 Sulfuric Acid (fertilizer field)
  • 1.3.3 Sulfuric Acid (metal manufacturing field)
  • 1.3.4 Chemical Processing
• 1.4 Global Market Growth Prospects
  • 1.4.1 Global Sulphur Production Value Estimates and Forecasts (2020-2031)
  • 1.4.2 Global Sulphur Production Capacity Estimates and Forecasts (2020-2031)
  • 1.4.3 Global Sulphur Production Estimates and Forecasts (2020-2031)
  • 1.4.4 Global Sulphur Market Average Price Estimates and Forecasts (2020-2031)
• 1.5 Assumptions and Limitations

2 Market Competition by Manufacturers

• 2.1 Global Sulphur Production Market Share by Manufacturers (2020-2025)
• 2.2 Global Sulphur Production Value Market Share by Manufacturers (2020-2025)
• 2.3 Global Key Players of Sulphur, Industry Ranking, 2024 VS 2025
• 2.4 Global Sulphur Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
• 2.5 Global Sulphur Average Price by Manufacturers (2020-2025)
• 2.6 Global Key Manufacturers of Sulphur, Manufacturing Sites & Headquarters
• 2.7 Global Key Manufacturers of Sulphur, Founded Date
• 2.8 Global Sulphur Market Competitive Situation and Trends
  • 2.8.1 Global Sulphur Market Concentration Rate
  • 2.8.2 Global 5 and 10 Largest Sulphur Players Market Share by Revenue
• 2.9 Mergers & Acquisitions, Expansion

3 Sulphur Production by Region

• 3.1 Global Sulphur Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
• 3.2 Global Sulphur Production Value by Region (2020-2031)
  • 3.2.1 Global Sulphur Production Value Market Share by Region (2020-2025)
  • 3.2.2 Global Forecasted Production Value of Sulphur by Region (2026-2031)
• 3.3 Global Sulphur Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
• 3.4 Global Sulphur Production by Region (2020-2031)
  • 3.4.1 Global Sulphur Production Market Share by Region (2020-2025)
  • 3.4.2 Global Forecasted Production of Sulphur by Region (2026-2031)
• 3.5 Global Sulphur Market Price Analysis by Region (2020-2025)
• 3.6 Global Sulphur Production and Value, Year-over-Year Growth
  • 3.6.1 Middle East Sulphur Production Value Estimates and Forecasts (2020-2031)
  • 3.6.2 CIS Sulphur Production Value Estimates and Forecasts (2020-2031)
  • 3.6.3 Americas Sulphur Production Value Estimates and Forecasts (2020-2031)
  • 3.6.4 China Sulphur Production Value Estimates and Forecasts (2020-2031)
  • 3.6.5 Europe Sulphur Production Value Estimates and Forecasts (2020-2031)

4 Sulphur Consumption by Region

• 4.1 Global Sulphur Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
• 4.2 Global Sulphur Consumption by Region (2020-2031)
  • 4.2.1 Global Sulphur Consumption by Region (2020-2031)
  • 4.2.2 Global Sulphur Forecasted Consumption by Region (2026-2031)
• 4.3 North America
  • 4.3.1 North America Sulphur Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
  • 4.3.2 North America Sulphur Consumption by Country (2020-2031)
  • 4.3.3 U.S.
  • 4.3.4 Canada
• 4.4 Europe
  • 4.4.1 Europe Sulphur Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
  • 4.4.2 Europe Sulphur Consumption by Country (2020-2031)
  • 4.4.3 Germany
  • 4.4.4 France
  • 4.4.5 U.K.
  • 4.4.6 Italy
  • 4.4.7 Russia
• 4.5 Asia Pacific
  • 4.5.1 Asia Pacific Sulphur Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
  • 4.5.2 Asia Pacific Sulphur Consumption by Region (2020-2031)
  • 4.5.3 China
  • 4.5.4 Japan
  • 4.5.5 South Korea
  • 4.5.6 Southeast Asia
  • 4.5.7 India
  • 4.5.8 Australia
• 4.6 Latin America
  • 4.6.1 Latin America Sulphur Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
  • 4.6.2 Latin America Sulphur Consumption by Country (2020-2031)
  • 4.6.3 Mexico
  • 4.6.4 Brazil
• 4.7 Middle East & Africa
  • 4.7.1 Middle East & Africa Sulphur Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
  • 4.7.2 Middle East & Africa Sulphur Consumption by Country (2020-2031)
  • 4.7.3 Saudi Arabia
  • 4.7.4 UAE
  • 4.7.5 Egypt
  • 4.7.6 South Africa

5 Segment by Source

• 5.1 Global Sulphur Production by Source (2020-2031)
  • 5.1.1 Global Sulphur Production by Source (2020-2025)
  • 5.1.2 Global Sulphur Production by Source (2026-2031)
  • 5.1.3 Global Sulphur Production Market Share by Source (2020-2031)
• 5.2 Global Sulphur Production Value by Source (2020-2031)
  • 5.2.1 Global Sulphur Production Value by Source (2020-2025)
  • 5.2.2 Global Sulphur Production Value by Source (2026-2031)
  • 5.2.3 Global Sulphur Production Value Market Share by Source (2020-2031)
• 5.3 Global Sulphur Price by Source (2020-2031)

6 Segment by Application

• 6.1 Global Sulphur Production by Application (2020-2031)
  • 6.1.1 Global Sulphur Production by Application (2020-2025)
  • 6.1.2 Global Sulphur Production by Application (2026-2031)
  • 6.1.3 Global Sulphur Production Market Share by Application (2020-2031)
• 6.2 Global Sulphur Production Value by Application (2020-2031)
  • 6.2.1 Global Sulphur Production Value by Application (2020-2025)
  • 6.2.2 Global Sulphur Production Value by Application (2026-2031)
  • 6.2.3 Global Sulphur Production Value Market Share by Application (2020-2031)
• 6.3 Global Sulphur Price by Application (2020-2031)

7 Key Companies Profiled

• 7.1 Saudi Aramco
  • 7.1.1 Saudi Aramco Sulphur Company Information
  • 7.1.2 Saudi Aramco Sulphur Product Portfolio
  • 7.1.3 Saudi Aramco Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.1.4 Saudi Aramco Main Business and Markets Served
  • 7.1.5 Saudi Aramco Recent Developments/Updates
• 7.2 Canadian Natural Resources
  • 7.2.1 Canadian Natural Resources Sulphur Company Information
  • 7.2.2 Canadian Natural Resources Sulphur Product Portfolio
  • 7.2.3 Canadian Natural Resources Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.2.4 Canadian Natural Resources Main Business and Markets Served
  • 7.2.5 Canadian Natural Resources Recent Developments/Updates
• 7.3 Gazprom
  • 7.3.1 Gazprom Sulphur Company Information
  • 7.3.2 Gazprom Sulphur Product Portfolio
  • 7.3.3 Gazprom Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.3.4 Gazprom Main Business and Markets Served
  • 7.3.5 Gazprom Recent Developments/Updates
• 7.4 Abu Dhabi National Oil Company (ADNOC)
  • 7.4.1 Abu Dhabi National Oil Company (ADNOC) Sulphur Company Information
  • 7.4.2 Abu Dhabi National Oil Company (ADNOC) Sulphur Product Portfolio
  • 7.4.3 Abu Dhabi National Oil Company (ADNOC) Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.4.4 Abu Dhabi National Oil Company (ADNOC) Main Business and Markets Served
  • 7.4.5 Abu Dhabi National Oil Company (ADNOC) Recent Developments/Updates
• 7.5 Shell
  • 7.5.1 Shell Sulphur Company Information
  • 7.5.2 Shell Sulphur Product Portfolio
  • 7.5.3 Shell Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.5.4 Shell Main Business and Markets Served
  • 7.5.5 Shell Recent Developments/Updates
• 7.6 Tengizchevroil
  • 7.6.1 Tengizchevroil Sulphur Company Information
  • 7.6.2 Tengizchevroil Sulphur Product Portfolio
  • 7.6.3 Tengizchevroil Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.6.4 Tengizchevroil Main Business and Markets Served
• 7.7 Kuwait Petroleum Corporation (KPC)
  • 7.7.1 Kuwait Petroleum Corporation (KPC) Sulphur Company Information
  • 7.7.2 Kuwait Petroleum Corporation (KPC) Sulphur Product Portfolio
  • 7.7.3 Kuwait Petroleum Corporation (KPC) Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.7.4 Kuwait Petroleum Corporation (KPC) Main Business and Markets Served
• 7.8 Suncor Energy
  • 7.8.1 Suncor Energy Sulphur Company Information
  • 7.8.2 Suncor Energy Sulphur Product Portfolio
  • 7.8.3 Suncor Energy Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.8.4 Suncor Energy Main Business and Markets Served
  • 7.8.5 Suncor Energy Recent Developments/Updates
• 7.9 Pemex
  • 7.9.1 Pemex Sulphur Company Information
  • 7.9.2 Pemex Sulphur Product Portfolio
  • 7.9.3 Pemex Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.9.4 Pemex Main Business and Markets Served
• 7.10 National Petrochemical Company (NPC)
  • 7.10.1 National Petrochemical Company (NPC) Sulphur Company Information
  • 7.10.2 National Petrochemical Company (NPC) Sulphur Product Portfolio
  • 7.10.3 National Petrochemical Company (NPC) Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.10.4 National Petrochemical Company (NPC) Main Business and Markets Served
• 7.11 Egyptian General Petroleum Corporation (EGPC)
  • 7.11.1 Egyptian General Petroleum Corporation (EGPC) Sulphur Company Information
  • 7.11.2 Egyptian General Petroleum Corporation (EGPC) Sulphur Product Portfolio
  • 7.11.3 Egyptian General Petroleum Corporation (EGPC) Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.11.4 Egyptian General Petroleum Corporation (EGPC) Main Business and Markets Served
• 7.12 Freeport-McMoRan (FCX)
  • 7.12.1 Freeport-McMoRan (FCX) Sulphur Company Information
  • 7.12.2 Freeport-McMoRan (FCX) Sulphur Product Portfolio
  • 7.12.3 Freeport-McMoRan (FCX) Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.12.4 Freeport-McMoRan (FCX) Main Business and Markets Served
• 7.13 Petrobras
  • 7.13.1 Petrobras Sulphur Company Information
  • 7.13.2 Petrobras Sulphur Product Portfolio
  • 7.13.3 Petrobras Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.13.4 Petrobras Main Business and Markets Served
  • 7.13.5 Petrobras Recent Developments/Updates
• 7.14 Qatar Petrochemical Company (QAPCO)
  • 7.14.1 Qatar Petrochemical Company (QAPCO) Sulphur Company Information
  • 7.14.2 Qatar Petrochemical Company (QAPCO) Sulphur Product Portfolio
  • 7.14.3 Qatar Petrochemical Company (QAPCO) Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.14.4 Qatar Petrochemical Company (QAPCO) Main Business and Markets Served
• 7.15 Indian Oil Corporation Limited (IOCL)
  • 7.15.1 Indian Oil Corporation Limited (IOCL) Sulphur Company Information
  • 7.15.2 Indian Oil Corporation Limited (IOCL) Sulphur Product Portfolio
  • 7.15.3 Indian Oil Corporation Limited (IOCL) Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.15.4 Indian Oil Corporation Limited (IOCL) Main Business and Markets Served
  • 7.15.5 Indian Oil Corporation Limited (IOCL) Recent Developments/Updates
• 7.16 Petroliam Nasional Berhad (PETRONAS)
  • 7.16.1 Petroliam Nasional Berhad (PETRONAS) Sulphur Company Information
  • 7.16.2 Petroliam Nasional Berhad (PETRONAS) Sulphur Product Portfolio
  • 7.16.3 Petroliam Nasional Berhad (PETRONAS) Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.16.4 Petroliam Nasional Berhad (PETRONAS) Main Business and Markets Served
• 7.17 Sinopec
  • 7.17.1 Sinopec Sulphur Company Information
  • 7.17.2 Sinopec Sulphur Product Portfolio
  • 7.17.3 Sinopec Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.17.4 Sinopec Main Business and Markets Served
• 7.18 CNPC
  • 7.18.1 CNPC Sulphur Company Information
  • 7.18.2 CNPC Sulphur Product Portfolio
  • 7.18.3 CNPC Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.18.4 CNPC Main Business and Markets Served
  • 7.18.5 CNPC Recent Developments/Updates
• 7.19 Rongsheng Petrochemical
  • 7.19.1 Rongsheng Petrochemical Sulphur Company Information
  • 7.19.2 Rongsheng Petrochemical Sulphur Product Portfolio
  • 7.19.3 Rongsheng Petrochemical Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.19.4 Rongsheng Petrochemical Main Business and Markets Served
• 7.20 Sinochem
  • 7.20.1 Sinochem Sulphur Company Information
  • 7.20.2 Sinochem Sulphur Product Portfolio
  • 7.20.3 Sinochem Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.20.4 Sinochem Main Business and Markets Served
• 7.21 China National Offshore Oil Company (CNOOC)
  • 7.21.1 China National Offshore Oil Company (CNOOC) Sulphur Company Information
  • 7.21.2 China National Offshore Oil Company (CNOOC) Sulphur Product Portfolio
  • 7.21.3 China National Offshore Oil Company (CNOOC) Sulphur Production, Value, Price and Gross Margin (2020-2025)
  • 7.21.4 China National Offshore Oil Company (CNOOC) Main Business and Markets Served

8 Industry Chain and Sales Channels Analysis

• 8.1 Sulphur Industry Chain Analysis
• 8.2 Sulphur Raw Material Supply Analysis
  • 8.2.1 Key Raw Materials
  • 8.2.2 Raw Materials Key Suppliers
• 8.3 Sulphur Production Mode & Process Analysis
• 8.4 Sulphur Sales and Marketing
  • 8.4.1 Sulphur Sales Channels
  • 8.4.2 Sulphur Distributors
• 8.5 Sulphur Customer Analysis

9 Sulphur Market Dynamics

• 9.1 Sulphur Industry Trends
• 9.2 Sulphur Market Drivers
• 9.3 Sulphur Market Challenges
• 9.4 Sulphur Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source

• 11.1 Methodology/Research Approach
  • 11.1.1 Research Programs/Design
  • 11.1.2 Market Size Estimation
  • 11.1.3 Market Breakdown and Data Triangulation
• 11.2 Data Source
  • 11.2.1 Secondary Sources
  • 11.2.2 Primary Sources
• 11.3 Author List
• 11.4 Disclaimer