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According to Fortune Business Insights, The global sulfur market was valued at USD 6.04 billion in 2023 and is expected to increase from USD 6.23 billion in 2024 to USD 7.99 billion by 2032, reflecting a CAGR of 3.6% during the forecast period (2024-2032). Asia Pacific held the largest share of the market, accounting for 34.11% in 2023. In addition, the U.S. sulfur market is anticipated to witness substantial growth, reaching approximately USD 941.0 million by 2032. This growth is primarily driven by the expanding agricultural sector, as sulfur plays a crucial role in fertilizer production, especially in manufacturing sulfuric acid-an essential component for phosphate fertilizers.
Sulfur is an essential industrial element primarily used in the production of sulfuric acid, a key component in fertilizers, chemicals, and numerous manufacturing processes. The demand for sulfur is closely tied to global agricultural activity, industrial expansion, and refinery output. The sulfur market continues to grow steadily as nations prioritize food security and chemical production efficiency.
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LIST OF KEY COMPANIES PROFILED
Suncor Energy Inc. (Canada)
H.J. Baker & Bro., LLC (U.S.)
Abu Dhabi National Oil Company (UAE)
Marathon Petroleum Corporation (U.S.)
Gazprom (Russia)
Aramco Trading (ATC) (Saudi Arabia)
Shell (Netherlands)
Georgia Gulf Corporation (U.S.)
Kuwait Petroleum Corporation (Kuwait)
Petrobras (Brazil)