Global Carbon Disulfide Market: Overview

Carbon disulfide is a volatile colorless compound with molecular formula CS2. It smells akin to ether and is generally used in the liquid state. Carbon disulfide occurs naturally in small amounts in volcanic eruptions. Earlier, carbon disulfide was manufactured by mixing coke and sulfur at a high temperature. Currently, the production process is carried out at a much lower temperature, using natural gas as carbon source and combining it with sulfur and either silica gel or aluminum acting as a catalyst. Carbon disulfide is used as a fumigant, insecticide, non-polar solvent, and optical dispersant in spectroscopes. It is also employed as building block in the production of various chemicals. Furthermore, carbon disulfide is used in the production of chemicals such as agricultural chemicals, rubber chemicals, cellophane, rayon, and carbon tetrachloride.

Global Carbon Disulfide Market: Trends and Opportunities

Production of new chemicals such as cellophane, rayon, and carbon tetrachloride accounts for significant share of the carbon disulfide market. Carbon disulfide acts as building block in the production of these chemicals. High demand in end-use industries such as food packaging, textile, and refrigeration is expected to boost the demand for chemicals such as cellophane, rayon, and carbon tetrachloride. This, in turn, is anticipated drive the carbon disulfide market. Usage of carbon disulfide as non-polar solvent is another major application. Carbon disulfide is used as a solvent for phosphorus, sulfur, bromine, selenium, iodine, asphalt, rubber, resin, and fats. Therefore, it is used in cleaning carbon nanotubes. Rising demand for nanomaterials, especially carbon nanotubes, is anticipated to propel the demand for carbon disulfide as bipolar cleaning solvent. This, in turn, is estimated to augment the carbon disulfide market. Increasing demand for carbon disulfide in the agriculture end-use industry is projected to drive other niche applications such as insecticide and fumigant, thereby boosting the carbon disulfide market.

Global Carbon Disulfide Market: Geographical and Competitive Dynamics

Asia Pacific was the largest market for carbon disulfide in 2014. The region accounted for significant share of the carbon disulfide market in the year. This trend is likely to continue during the next few years owing to growth in end-use industries in emerging economies such as China and India. Application of carbon disulfide in the production of various chemicals is expected to be the major market driver in the region due to expansion in end-use industries such as textile, food packaging, refrigeration, and agriculture in countries such as China and India. China held the largest share of the global carbon disulfide market in 2014. This trend is anticipated to continue during the forecast period. Europe is estimated to witness a similar trend, led by presence of the well-established food packaging industry in the region. Premium clothing and rayon textile industries are projected to further augment the carbon disulfide market in Europe owing to high disposable income of consumers in the region. The food packaging industry is likely to drive the carbon disulfide market in North America due to stringent food packaging norms in the region. The carbon nanotubes industry is expected to be a highly attractive market for carbon disulfide owing to increase in research activities related to nanomaterials in the region. The carbon disulfide market in Latin America is anticipated to witness steady growth rate during the next few years owing to expansion in textile and agriculture industries in economies such as Brazil. Middle East & Africa is projected to be a highly lucrative market for carbon disulfide due to expansion of textile and packaging industries in GCC and growth in the agricultural industry in South Africa during the forecast period.

Major players in the carbon disulfide market include Shanghai Baijin Chemical Group Co., Ltd., Akzo Nobel N.V., Arkema Group, PPG Industries, Inc., Alfa Aesar, and Univar Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Carbon Disulfide Market

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