Insoluble sulphur refers as a curing agent for the majority of the rubber industry. By keeping insoluble sulphur dispersed in the oil, any risk of conversion is lowered, while still facilitating the incorporation of the curing agent into the rubber compound. It is a necessary and best vulcanizing agent for radial tires, expressly for the rubber tread compound vulcanization. Insoluble sulfur is an important rubber additive agent. It improves product quality, wearability and resistance to both fatigue and ageing.
Global Insoluble Sulfur Market: Key Players
The research study includes profiles of leading companies operating in the global Insoluble Sulfur market. Key players profiled in the report include: Eastman Chemical Company, Grupa Azoty S.A., Henan Kailun Chemical Co., Ltd., Jiangxi Hengxingyuan Chemical Co., Ltd., Luoyang Sunrise Industrial Co., Ltd., Oriental Carbon and Chemicals Limited (OCCL), Shandong Sunsine Chemical Co., Ltd., Shikoku Chemicals Corporation, Weifang Jiahong Chemical Co., Ltd., and Nynas AB.
Drivers for the Global Insoluble Sulfur Market:
Increasing use of rubber compound in wide range of industries boost the market of insoluble sulphur as can prevent the blooming of rubber during its store. It makes it possible to keep rubber's characteristics uniform. It is widely used in tyre manufacturing industry. Thus, rising automotive sector across the globe drives the insoluble sulphur market.
Opportunities for the Global Insoluble Sulfur Market:
The increasing number of on-road vehicles across the globe can create further opportunities for insoluble sulphur market as it is widely used in tyre manufacturing process. Further, increasing use of insoluble sulphur in various industries will propel the growth of insoluble sulphur market.
Restrains for the Global Insoluble Sulfur Market:
However, personnel handling of insoluble sulphur may cause some hazardous effect which is one of the restraining factors of this market.
Region Wise, Global Insoluble Sulfur Market Analysis:
Asia Pacific dominated the insoluble sulphur market in year 2019 and will show significant growth in coming years due to the increasing number of rubber processors in the region, majorly across countries, such as China, India, Thailand, Japan, and South Korea. Further, major players are shifting their production base in this region owing to surplus availability of land, skilled & low cost labor. In addition to this, developing economies are showing rapid growth for automotive sectors which positively impacts the market. The automotive sector in Europe is one of the most crucial industries which enhances significant amount of usage of insoluble sulphur. North America shows second highest share in this market as US dominates the heavy trucks, buses, and commercial vehicle sectors, which utilizes high performance tires on periodic intervals.
Covid-19: Impact and Recovery Analysis for Global Insoluble Sulfur Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries. With Covid-19 infections raising globally, the apprehension regarding a shortage of essential life-saving devices and other essential supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widen. However, overall tire manufacturing and automotive production sectors took a marginal hit due to disrupted supply chain and temporary operational shutdown globally. These factors are projected to affect market growth in the tire manufacturing sector in 2020 and 2021.
Global Insoluble Sulfur Market: Product analysis
- High Dispersion
- High Stability
Global Insoluble Sulfur Market: Applications analysis
- Tire Manufacturing
Global Insoluble Sulfur Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East