세계의 원소 유황 시장 : 공급원, 형태, 유통 채널, 용도, 최종 사용자, 지역별 예측 및 분석(-2032년)

According to Stratistics MRC, the Global Elemental Sulfur Market is accounted for $6.51 billion in 2025 and is expected to reach $8.92 billion by 2032 growing at a CAGR of 4.6% during the forecast period. Elemental sulfur, represented by the chemical symbol S, is a non-metallic element with atomic number 16. It naturally occurs in various forms, primarily as a yellow, crystalline solid. Sulfur plays a vital role in the Earth's biogeochemical cycles, forming compounds like sulfates and sulfides that are essential for life. It is abundant in volcanic regions and can be found in minerals and some biological systems. Industrially, elemental sulfur is widely used in the production of sulfuric acid, fertilizers, pharmaceuticals, and in vulcanization of rubber, making it a key element in various sectors.

According to, the world fertilizer outlook, demand for phosphorus (P2O5) fertilizer in 2020 was estimated at 47,402 thousand tons, which is expected to reach 49,096 thousand tons in 2022.

Market Dynamics:

Driver:

Increasing industrialization in emerging economies

The increasing industrialization in emerging economies is driving significant growth in the market. As industries like petrochemicals, agriculture, and manufacturing expand in these regions, the demand for sulfur-based products, such as sulfuric acid and fertilizers, rises. This growth is particularly noticeable in countries like India, China, and Brazil, where infrastructure development and industrial activities create a higher need for elemental sulfur. Consequently, sulfur production and its applications are witnessing a robust surge in these emerging markets.

Restraint:

Competition from recycled sulphur

Competition from recycled sulfur is presenting challenges in the Market, as it reduces demand for freshly extracted sulfur. Recycled sulfur, often sourced from industrial byproducts, offers a cost-effective and environmentally friendly alternative, lowering prices in the market. This puts pressure on traditional sulfur producers, especially those relying on extraction, as they face reduced profit margins and the need to adapt to more sustainable practices. As recycling gains momentum, it could shift market dynamics, hindering growth for conventional sulfur suppliers.

Opportunity:

Environmental regulations

Environmental regulations are significantly influencing the market, as governments worldwide implement stricter policies to reduce pollution and greenhouse gas emissions. These regulations focus on minimizing sulfur dioxide (SO2) emissions from industrial processes, encouraging cleaner sulfur recovery technologies and promoting the use of sulfur in environmentally friendly applications, such as sulfur-based fertilizers. Compliance with these regulations is driving innovation in sulfur extraction and processing methods, ensuring that sulfur production aligns with sustainable practices while reducing its environmental impact.

Threat:

Limited natural sources

Limited natural sources of sulfur pose a significant challenge in the market, as it creates supply constraints. Sulfur is primarily obtained from natural gas and oil refining, and as these sources become scarcer or more difficult to access, production costs rise. This scarcity can lead to price volatility and hinder the ability to meet growing industrial demand, especially in emerging economies. The strain on natural sulfur reserves could also prompt increased reliance on recycling, further intensifying market competition.

Covid-19 Impact:

The COVID-19 pandemic had a significant impact on the market, disrupting supply chains and reducing industrial activity globally. With many industries, including petrochemicals and manufacturing, scaling back operations or temporarily shutting down, sulfur demand declined sharply. Additionally, transportation restrictions and labor shortages hindered sulfur production and distribution. However, as economies began recovering, demand for sulfur in agriculture and industrial sectors rebounded, leading to gradual market stabilization. Still, the pandemic exposed vulnerabilities in supply chain resilience.

The recovered sulfur segment is expected to be the largest during the forecast period

The recovered sulfur segment is expected to account for the largest market share during the forecast period. Sourced primarily from industrial byproducts like petroleum refining and natural gas processing, recovered sulfur helps meet growing demand while reducing environmental impact. Its use supports circular economy practices by minimizing waste and conserving natural sulfur reserves. As industries emphasize sustainability, the demand for recovered sulfur is expected to rise, providing a cost-effective and eco-friendly option for sulfur-based products and applications.

The pharmaceuticals segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the pharmaceuticals segment is predicted to witness the highest growth rate. Sulfur compounds, such as sulfur-based drugs, are used in treating skin conditions like acne, rosacea, and dandruff due to their antimicrobial and keratolytic properties. Additionally, sulfur is a key ingredient in some ointments, lotions, and therapeutic creams. As the demand for dermatological treatments rises globally, the pharmaceutical use of elemental sulfur is expanding, contributing to the market's overall growth and diversification.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rapid industrialization. The demand for sulfur is driven by industries such as petrochemicals, agriculture, and manufacturing, where it is used in fertilizers, sulfuric acid production, and petroleum refining. Additionally, Asia Pacific's increasing focus on infrastructure development and agricultural advancements further boosts sulfur consumption. As a result, the region is becoming a key player in the market.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR. Elemental sulfur is extensively used in manufacturing fertilizers, which are essential for enhancing crop yields. The growing emphasis on sustainable farming practices and soil health management is expected to boost demand. Moreover, sulfur is a critical raw material in the production of sulfuric acid, which serves various industrial processes, including petroleum refining and chemical manufacturing. The petrochemical industry's reliance on sulfur is a significant growth factor.

Key players in the market

Some of the key players in Elemental Sulfur Market include Saudi Basic Industries Corporation (SABIC), Shell Sulfur Solutions, DuPont, The Mosaic Company, NOVA Chemicals, ExxMobil Chemical Company, Linde plc, BASF SE, Yara International ASA, Vale S.A., PetroChina Company Limited, Chevron Corporation, TotalEnergies SE, Reliance Industries Limited, Formosa Petrochemical Corporation, Dow Inc., LyondellBasell Industries and INEOS Group.

Key Developments:

In July 2024, TotalEnergies and Air Products have signed a 15-year agreement for the annual supply in Europe of 70,000 tons of green hydrogen starting in 2030. This first long-term deal follows TotalEnergies' call for tenders for the supply of 500,000 tons per year of green hydrogen to decarbonize TotalEnergies' European refineries. Under the agreement, Air Products will deliver at TotalEnergies' Northern European refineries' doorstep, green hydrogen from Air Products' global supply network.

In June 2024, BASF Stationary Energy Storage, a subsidiary of chemical company BASF, and Japanese ceramics manufacturer NGK Insulators have launched a new version of their sodium-sulfur (NAS) batteries. The containerized NAS MODEL L24 battery jointly developed by the partners, whose cooperation started in 2019, boasts a few technological improvements.

Sources Covered:

• By-Product Sulfur
• Recovered Sulfur
• Frasch Process Sulfur

Forms Covered:

• Powder
• Granular
• Liquid
• Lump

Distribution Channels Covered:

• Direct Sales
• Distributors/Wholesalers
• Online Platforms

Applications Covered:

• Fertilizers
• Soil conditioners
• Sulfuric Acid Production
• Thiochemicals Production
• Vulcanization
• Ore Flotation
• Other Applications

End Users Covered:

• Agriculture
• Chemical
• Rubber
• Mining
• Pharmaceuticals
• Electronics
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Elemental Sulfur Market, By Source

• 5.1 Introduction
• 5.2 By-Product Sulfur
• 5.3 Recovered Sulfur
• 5.4 Frasch Process Sulfur

6 Global Elemental Sulfur Market, By Form

• 6.1 Introduction
• 6.2 Powder
• 6.3 Granular
• 6.4 Liquid
• 6.5 Lump

7 Global Elemental Sulfur Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Direct Sales
• 7.3 Distributors/Wholesalers
• 7.4 Online Platforms

8 Global Elemental Sulfur Market, By Application

• 8.1 Introduction
• 8.2 Fertilizers
• 8.3 Soil conditioners
• 8.4 Sulfuric Acid Production
• 8.5 Thiochemicals Production
• 8.6 Vulcanization
• 8.7 Ore Flotation
• 8.8 Other Applications

9 Global Elemental Sulfur Market, By End User

• 9.1 Introduction
• 9.2 Agriculture
• 9.3 Chemical
• 9.4 Rubber
• 9.5 Mining
• 9.6 Pharmaceuticals
• 9.7 Electronics
• 9.8 Other End Users

10 Global Elemental Sulfur Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Saudi Basic Industries Corporation (SABIC)
• 12.2 Shell Sulfur Solutions
• 12.3 DuPont
• 12.4 The Mosaic Company
• 12.5 NOVA Chemicals
• 12.6 ExxMobil Chemical Company
• 12.7 Linde plc
• 12.8 BASF SE
• 12.9 Yara International ASA
• 12.10 Vale S.A.
• 12.11 PetroChina Company Limited
• 12.12 Chevron Corporation
• 12.13 TotalEnergies SE
• 12.14 Reliance Industries Limited
• 12.15 Formosa Petrochemical Corporation
• 12.16 Dow Inc.
• 12.17 LyondellBasell Industries
• 12.18 INEOS Group