Global Sulfur Dioxide Market: Overview
The rising demand from chemicals industry is likely to spur growth in the global sulfur dioxide market over the next few years. Sulfur dioxide, an inorganic chemical compound that is released into the atmosphere by volcanic activities, is a pungent, toxic gas with a rotten odor. Sulfur dioxide is chiefly manufactured for producing sulfuric acid. Additionally, it is used in biomedical and biochemical applications, as a solvent and as a reagent in laboratories.
The report by Transparency Market Research on the global market for sulfur dioxide discusses the market attractiveness, value chain analysis, and leading market segments. It also furnishes information on the market shares, product portfolios, and strategies of the key market players. The report leverages Porter’s Five Force analysis to gauge the competition in the market and also presents authentic and relevant statistical data, charts, and figures to help readers easily understand the current market dynamics. The key market trends, growth drivers, restraints, and opportunities have been revealed in the report too.
Global Sulfur Dioxide Market: Drivers and Restraints
Due to its antioxidant and preservative properties, sulfur dioxide is extensively used in the food and beverage industry. Soft drinks or aerated drinks contain sulfur dioxide. It is also used in the fermentation of alcoholic beverages such as beer and wine. Sulfur dioxide is also used in the preservation of vegetable and dry fruits. The shelf life of dried apricots, raisins, figs, and prunes and other dry fruits, is extended by the use of sulfur dioxide. It is also used as a disinfectant. The aforementioned uses of sulfur dioxide are expected to advance the growth of the global sulfur dioxide market.
Sulfur dioxide is also used in chamber processes for de-chlorination of municipal wastewater. It is used for making several chemicals, and other substances such as wood pulp, paper, bleaching flour (bleaching powder), in wicker, wool, detergents, cleaning agents, soaps, gelatin, and glue. Sulfur dioxide plays an important role in water treatment, food processing, mining, and refining of metals. It is also used as a sanitizer. Therefore, the global market for sulfur dioxide will likely grow at a steady pace over the coming period.
On the contrary, environmental hazards caused by this chemical, health hazards posed by the use of sulfur dioxide in food products, and occupational health hazards for professionals working with sulfur dioxide can restrict the growth of global sulfur dioxide market. Consuming aerated drinks that contain this gas can trigger a minor attack among asthma patients. However, the market is slated to soar as the chemicals industry worldwide expands at a substantial pace.
Global Sulfur Dioxide Market: Regional Outlook
Based on region, the global sulfur dioxide market has been segmented into Asia Pacific, Europe, North America, and Rest of the World. North America has been exhibiting considerable demand for sulfur dioxide, originating predominantly from the bleaching application in several industries. Canada and the U.S. are slated to emerge as prominent regional segments in North America, as their rapidly advancing respective chemical industries require more sulfur dioxide.
Massive industrialization, urbanization, and the expanding manufacturing activities in Asia Pacific are expected to contribute towards the advancement of the global sulfur dioxide market in the region. Besides these regions, Latin America, and the Middle East and Africa are also primed for solid growth.
Companies Mentioned in the Report
Some of the major companies operating in the global market for sulfur dioxide are DuPont, BASF SE, The Linde Group, Boliden Group, and Praxair Technology, Inc.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments