According to the new market research report “Solid Sulphur Market by Manufacturing Process – Application (Fertilizer, Chemical Processing, Metal Manufacturing), Region (North America, Europe, Central Europe, APAC, Middle East & Africa, South America) – Global Forecast to 2025″, The solid sulphur market size is projected to grow from USD 3.2 billion in 2020 to USD 3.7 billion by 2025, at a CAGR of 3.0% during the forecast period. The increasing demand for fertilizer products and growth in the developing economies in APAC and sustainable demand for sulphuric acid due to its diversified applications is expected to boost the market during the forecast period.
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The fertilizer segment was the most significant consumer of solid sulphur in 2019. Owing to the growing concern of people regarding healthy lifestyle and nutritious diet, the demand for nutrient-rich food crops is increasing, which can only be met by healthy crop growth. This has increased the use of fertilizers and pesticides for growing healthy crop, thereby, fueling the consumption of solid sulphur. The fertilizer segment is also projected to be the fastest-growing application of solid sulphur during the forecast period.
Claus process is the most widely used method for the manufacturing of solid sulphur. Today, crude oil and natural gas are the most common and abundant source of sulphur and most of the oil & gas refining plants use Claus process to remove sulphur from crude oil and natural gas. The market in this segment is growing because of growing oil and gas production worldwide. In 2019, 95% of the total sulphur production was through the Claus process.
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The global solid sulphur market size is estimated at USD 3.2 billion in 2020 and is projected to reach USD 3.7 billion by 2025, at a CAGR of 3.0% between 2020 and 2025. The growth of the market is fueled by the sustainable demand for sulphuric acid due to its diversified applications and high demand for sulphur in the agriculture sector, globally.
The key players in the solid sulphur market are Abu Dhabi National Oil Company (ADNOC), Marathon Petroleum Corporation (MPC), Qatar Petroleum (QP), Gazprom, Saudi Aramco, Repsol, Chemtrade Logistics Income Fund, Valero Energy Corporation, Motiva Enterprises LLC, and Enersul Limited Partnership. The report analyzes the key growth strategies adopted by these leading market players between 2015 and 2020, which include expansion, partnership/collaboration/agreement, and merger & acquisition.
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Abu Dhabi National Oil Company (ADNOC) (Abu Dhabi) is one of the major players in the solid sulphur market. It is one of the world largest diversified petrochemicals and energy groups. The company is the 12th largest oil producer in the world with 3 million barrels per day oil production capacity and 10.5 billion cubic feet of natural gas production per day. It has three fully integrated businesses ranging from oil exploration to distribution of finished petroleum products. The company operates under five product segment, namely, adbase, crude oil and condensates, petroleum products, gas and sulphur, and petrochemicals. It provides sulphur under its gas and sulphur product segment. The company produce 3.5 million tons of sulphur per year and accounts for 5% of world sulphur production, which makes it the world largest sulphur producer. It extracts sulphur from sour gas processing from the Shah gas field (Abu Dhabi), which have 1 billion standard cubic feet natural gas production capacity and has four of the world’s largest sulphur recovery units.
Marathon Petroleum Corporation (MPC) (US) is one of the leading downstream, vertically integrated oil & gas companies. It is one of the largest petroleum refinery company in the US with crude oil refining capacity of 3.1 million barrels per day. It operates 16 refineries located in the Gulf coast, mid-continent, and west coast regions of the US. The company provides prilled sulfur which is used in various industries, such as fertilizer, rubber, and paper & pulp. Speeway LLC is a subsidiary company of MPC which operates retail convenience stores spread across the US.
MPC sells refined products to wholesale customers, independent retailers, airlines, petroleum retail stores, brand jobbers, and transportation companies. It owns and operates approximately 6,800 branded retail stores in 35 states in the US.
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