Insoluble Sulfur Market to Witness Remarkable Growth at 2.8% CAGR, Surpassing USD 1800 Million by 2030, States Zion Market Research

NEW YORK, July 20, 2023 /PRNewswire/ -- According to Zion Market Research study, 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% during the forecast period (2023- 2030).

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Insoluble Sulfur Market: Overview

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.

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Our Free Sample Report Consists of the Following:

• 2023 Updated Report Introduction, Overview, and In-depth industry analysis
• 219+ Pages Research Report (Inclusion of Updated Research)
• Provide Chapter-wise guidance on Request
• 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
• Includes an Updated List of tables & figures
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Zion Market Research Methodology

Key Industry Insights & Findings of the Insoluble Sulfur Market Reports:

• As per the analysis, the Insoluble Sulfur market share is likely to grow above a CAGR of around 2.8% between 2023 and 2030.
• The Insoluble Sulfur market size was worth around USD 1500 million in 2022 and is estimated to hit approximately USD 1800 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• The increasing number of on-road vehicles across the globe is expected to drive the insoluble sulfur market growth during the forecast period.
• Based on the grade, the regular grade segment is expected to capture the largest market share over the forecast period.
• Based on the application, the tire manufacturing segment is expected to dominate the market during the forecast period.
• Based on region, the Asia Pacific is expected to dominate the market during the forecast period.

Zion Market Research published the latest report 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" into their research database.

Insoluble Sulfur Market: Growth Drivers

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.

Insoluble Sulfur Market: Restraints

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.

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Global Insoluble Sulfur Market: Segmentation

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.

Recent Developments:

• In April 2022, as part of a multi-year strategic relationship with Eastman, Maip Group, a leading worldwide plastics formulator and compound maker, presented unique components for new resins in the automotive sector.

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Competitive Players

The report contains qualitative and quantitative research on the global Insoluble Sulfur Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness.

Some of the main players in the global Insoluble Sulfur market include;

• Shanghai Shangyi Chemical Technology Company
• Oriental Carbon & Chemicals Limited
• Grupa Azoty
• SHIKOKU CHEMICALS CORPORATION
• China Sunsine Chemical Holdings Limited.
• Nynas AB
• KUMHO PETROCHEMICAL
• Schill + Seilacher "Struktol" GmbH
• Willing New Materials Technology Co. Ltd.
• SANSHIN CHEMICAL INDUSTRY CO. LTD.
• Henan Kailun Chemical Co. Ltd.
• LANXESS
• CHEMSPEC LTD.
• Zhejiang NetSun Co. Ltd.
• Tongnuo Group Co. Ltd.
• Heze Great Bridge Chemical Co. Ltd.
• WUXI HUASHENG RUBBER TECHNICAL CO. LTD
• Changde Dingyuan Chemical Industrial Limited
• Eastman Chemical Company
• LIONS INDUSTRIES

Key questions answered in this report:

• What is the growth rate forecast and market size for Insoluble Sulfur Market?
• What are the key driving factors propelling the Insoluble Sulfur Market forward?
• What are the most important companies in the Insoluble Sulfur Market Industry?
• What segments does the Insoluble Sulfur Market cover?
• How can I receive a free copy of the Insoluble Sulfur Market sample report and company profiles?

Report Scope:

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Regional Analysis:

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.

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.

Global Insoluble Sulfur Market is segmented as follows:

Insoluble Sulfur Market: By Grade (2023-2030)

• High Dispersion
• High Stability
• Regular Grade

Insoluble Sulfur Market: By Application (2023-2030)

• Tire Manufacturing
• Industrial Application
• Footwear
• Others

Insoluble Sulfur Market: By Region Outlook (2023-2030)

• North America
• The U.S.
• Canada
• Europe
• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Southeast Asia
• Rest of Southeast Asia
• The Middle East & Africa
• GCC
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

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