The global sulfur dust market is projected to decline from USD 1.3 billion in 2023 to USD 1.1 billion by 2028, at a CAGR of -3.0% during the forecast period. The market is expanding due to an increase in the utilization of sulfur dust as a raw material in various industries. Sulfur based fertilizers and other crop solutions have recently gained popularity due to its low adverse effects on the environment and due to its ability to stimulate crop yield. The growing use of sulfur dust in various industries like rubber processing, chemical processing and pharmaceuticals is further expected to boost the market in the coming time.
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Based on sulfur form, the precipitated sulfur segment accounted for the largest share during 2023 to 2028. Precipitated sulfur is obtained through a chemical process called precipitation, in which sulfur dioxide combines with other chemical compounds to produce elemental sulfur, that has a purity level of 99.5%. Its fine size and high purity level enables it to be used in various industries like pharmaceuticals, rubber industry, and chemical industry.
Based on end-use industry, the agricultural segment accounted for the largest share, in terms of value, of the overall sulfur dust market during the forecast period. The rise in awareness levels regarding sulfur-based fertilizers, insecticides, fungicides, and other crop solutions has been a major factor. Sulfur and sulfur-based formulations are increasingly being used to treat soil deficiencies and to enhance nutrient levels in order to obtain larger yields and better-quality products. Sulfur dust is also used to treat soil alkalinity and is used to treat plant diseases like powdery mildew. These factors have therefore resulted in a significant growth in the demand for sulfur-based crop products and solutions.
Based on region, Asia Pacific is the largest market for sulfur dust, in terms of value, during the forecast period. The region includes both emerging nations like China, and India. Asia Pacific has become a focus for sulfur dust manufacturing, benefiting from recent infrastructure development and industrialization in its emerging nations. These factors have created new opportunities for Sulfur Dust Manufacturers, contributing to the continued growth of this region in the sulfur dust market.
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Major players operating in the Sulfur dust market include Grupa Azoty (Poland), Jaishil Sulfur and Chemical Industries (India), Jordan Sulfur (Jordan), SML Limited (India), Saeed Ghodran Group (Saudi Arabia). The companies have wide-spread facilities with an established portfolio of sulfur dust, a robust market presence, and strong business strategies. These factors are attributed to their progression in the sulfur dust market.