MEA Insoluble Sulfur Market for Automotive Sector - Industry Trends and Forecast to 2030

Description

List of Tables

The Middle East and Africa insoluble sulfur market for automotive sector is expected to reach USD 24,480.74 thousand by 2030 from USD 16,771.78 thousand in 2022, growing at a CAGR of 4.9% during the forecast period of 2023 to 2030.

Market Segmentation

Middle East and Africa Insoluble Sulfur Market for Automotive Sector, By Grade (Regular Grades, High Dispersion Grades, High Stability Grades, and Special Grades), Product (Oil-Filled Insoluble Sulfur and Non-Oil Filled Insoluble Sulfur), Application (Tire and Non-Tire), Country (Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030.

Overview of Middle East and Africa Insoluble Sulfur Market For Automotive Sector Dynamics

Driver

Increasing need for insoluble sulfur from the rubber industry as a vulcanizing agent

Restraint

Volatility in raw material prices affects the cost of products

Opportunity

New product innovation and increasing R&D activities

Market Players

Some of the major market players operating in the Middle East and Africa insoluble sulfur market for automotive sector are:

Grupa Azoty
SHIKOKU CHEMICALS CORPORATION (a subsidiary of SHIKOKU KASEI HOLDINGS CORPORATION)
FLEXSYS
Lions Industries s.r.o
China Sunsine Chemical Holdings
Oriental Carbon and Chemicals Limited
LANXESS
Joss Elastomers & Chemical
SANSHIN CHEMICAL INDUSTRY CO.,LTD.
Leader Technologies Co., Ltd
WUXI HUASHENG RUBBER TECHNICAL CO., LTD

1 INTRODUCTION 20

1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 OVERVIEW 20
1.4 LIMITATIONS 21
1.5 MARKETS COVERED 21

2 MARKET SEGMENTATION 24

2.1 MARKETS COVERED 24
2.2 GEOGRAPHICAL SCOPE 25
2.3 YEARS CONSIDERED FOR THE STUDY 26
2.4 CURRENCY AND PRICING 26
2.5 DBMR TRIPOD DATA VALIDATION MODEL 27
2.6 GRADE LIFE LINE CURVE 30
2.7 MULTIVARIATE MODELING 31
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 32
2.9 DBMR MARKET POSITION GRID 33
2.10 MARKET APPLICATION COVERAGE GRID 34
2.11 DBMR MARKET CHALLENGE MATRIX 35
2.12 DBMR VENDOR SHARE ANALYSIS 36
2.13 SECONDARY SOURCES 37
2.14 ASSUMPTIONS 38

3 EXECUTIVE SUMMARY 39

4 PREMIUM INSIGHTS 41

4.1 PESTLE ANALYSIS 42
- 4.1.1 POLITICAL FACTORS 42
- 4.1.2 ECONOMIC FACTORS 43
- 4.1.3 SOCIAL FACTORS 43
- 4.1.4 TECHNOLOGICAL FACTORS 43
- 4.1.5 LEGAL FACTORS 44
- 4.1.6 ENVIRONMENTAL FACTORS 44
4.2 PORTER'S FIVE FORCES 45
- 4.2.1 THREAT OF NEW ENTRANTS 45
- 4.2.2 THE THREAT OF SUBSTITUTES 46
- 4.2.3 CUSTOMER BARGAINING POWER 46
- 4.2.4 SUPPLIER BARGAINING POWER 46
- 4.2.5 INTERNAL COMPETITION (RIVALRY) 46
4.3 CLIMATE CHANGE SCENARIO 47
- 4.3.1 ENVIRONMENTAL CONCERNS 47
- 4.3.2 INDUSTRY RESPONSE 47
- 4.3.3 GOVERNMENT'S ROLE 47
- 4.3.4 ANALYST RECOMMENDATION 47
4.4 SUPPLY CHAIN ANALYSIS 48
- 4.4.1 OVERVIEW 48
- 4.4.2 LOGISTIC COST SCENARIO 48
- 4.4.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 48
4.5 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 49
4.6 IMPORT EXPORT SCENARIO 50
4.7 PRICE ANALYSIS 51
4.8 PRODUCTION CONSUMPTION ANALYSIS 53
4.9 RAW MATERIAL COVERAGE 54
4.10 TIRE MARKET- VOLUME DEMAND 55
4.11 VENDOR SELECTION CRITERIA 56

5 REGULATION COVERAGE 58

6 MARKET OVERVIEW 59

6.1 DRIVERS 61
- 6.1.1 WORLDWIDE INCREASE IN THE NUMBER OF ON-ROAD VEHICLES UTILIZATION 61
- 6.1.2 MANUFACTURING AND SALES OF TIRES AROUND THE WORLD MAKES USE OF INSOLUBLE SULFUR EXTENSIVELY 62
- 6.1.3 INCREASING NEED FOR INSOLUBLE SULFUR FROM THE RUBBER INDUSTRY AS A VULCANIZING AGENT 63
6.2 RESTRAINTS 65
- 6.2.1 VOLATILITY IN RAW MATERIAL PRICES AFFECTING THE COST OF PRODUCTS 65
- 6.2.2 STRINGENT RULES AND REGULATIONS 66
6.3 OPPORTUNITIES 67
- 6.3.1 NEW PRODUCT INNOVATION AND INCREASING R&D ACTIVITIES 67
- 6.3.2 DEVELOPMENT OF MORE FUEL-EFFICIENT TIRES 67
6.4 CHALLENGE 68
- 6.4.1 ENVIRONMENTAL AND ECONOMIC ISSUES 68

7 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY REGION 70

7.1 MIDDLE EAST AND AFRICA 71
- 7.1.1 UNITED ARAB EMIRATES 76
- 7.1.2 SAUDI ARABIA 77
- 7.1.3 EGYPT 78
- 7.1.4 SOUTH AFRICA 79
- 7.1.5 ISRAEL 80
- 7.1.6 REST OF MIDDLE EAST AND AFRICA 81

8 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: COMPANY LANDSCAPE 82

8.1 COMPANY SHARE ANALYSIS: MIDDLE EAST & AFRICA 82
8.2 FACILITY EXPANSION 83
8.3 ACQUISITION 83
8.4 EVENT 83

9 COMPANY PROFILES 84

9.1 ORIENTAL CARBON AND CHEMICALS LIMITED 84
- 9.1.1 COMPANY SNAPSHOT 84
- 9.1.2 REVENUE ANALYSIS 84
- 9.1.3 COMPANY SHARE ANALYSIS 85
- 9.1.4 PRODUCT PORTFOLIO 85
- 9.1.5 SWOT ANALYSIS 86
- 9.1.6 RECENT DEVELOPMENT 86
9.2 SHIKOKU CHEMICALS CORPORATION. (SUBSIDIARY OF SHIKOKU KASEI HOLDINGS CORPORATION.) 87
- 9.2.1 COMPANY SNAPSHOT 87
- 9.2.2 REVENUE ANALYSIS 87
- 9.2.3 COMPANY SHARE ANALYSIS 88
- 9.2.4 SWOT ANALYSIS 88
- 9.2.5 PRODUCT PORTFOLIO 89
- 9.2.6 RECENT DEVELOPMENTS 89
9.3 LANXESS 90
- 9.3.1 COMPANY SNAPSHOT 90
- 9.3.2 COMPANY SHARE ANALYSIS 90
- 9.3.3 PRODUCT PORTFOLIO 91
- 9.3.4 REVENUE ANALYSIS 91
- 9.3.5 SWOT ANALYSIS 92
- 9.3.6 RECENT DEVELOPMENTS 92
9.4 JOSS ELASTOMERS AND CHEMICALS 93
- 9.4.1 COMPANY SNAPSHOT 93
- 9.4.2 COMPANY SHARE ANALYSIS 93
- 9.4.3 PRODUCT PORTFOLIO 94
- 9.4.4 SWOT 94
- 9.4.5 RECENT DEVELOPMENTS 94
9.5 LEADER TECHNOLOGIES CO., LTD 95
- 9.5.1 COMPANY SNAPSHOT 95
- 9.5.2 COMPANY SHARE ANALYSIS 95
- 9.5.3 PRODUCT PORTFOLIO 96
- 9.5.4 SWOT 96
- 9.5.5 RECENT DEVELOPMENTS 96
9.6 ALBEMARLE CORPORATION 97
- 9.6.1 COMPANY SNAPSHOT 97
- 9.6.2 REVENUE ANALYSIS 97
- 9.6.3 SWOT ANALYSIS 98
- 9.6.4 RECENT DEVELOPMENT 98
9.7 MIDDLE EAST & AFRICA SUNSINE CHEMICAL HOLDINGS. 99
- 9.7.1 COMPANY SNAPSHOT 99
- 9.7.2 REVENUE ANALYSIS 99
- 9.7.3 PRODUCT PORTFOLIO 100
- 9.7.4 SWOT ANALYSIS 100
- 9.7.5 RECENT DEVELOPMENT 100
9.8 FLEXSYS 101
- 9.8.1 COMPANY SNAPSHOT 101
- 9.8.2 SWOT ANALYSIS 101
- 9.8.3 PRODUCT PORTFOLIO 102
- 9.8.4 RECENT DEVELOPMENTS 102
9.9 GRUPA AZOTY. 103
- 9.9.1 COMPANY SNAPSHOT 103
- 9.9.2 REVENUE ANALYSIS 103
- 9.9.3 SWOT ANALYSIS 104
- 9.9.4 PRODUCT PORTFOLIO 104
- 9.9.5 RECENT DEVELOPMENTS 104
9.10 LIONS INDUSTRIES S.R.O. 105
- 9.10.1 COMPANY SNAPSHOT 105
- 9.10.2 SWOT ANALYSIS 105
- 9.10.3 PRODUCT PORTFOLIO 106
- 9.10.4 RECENT DEVELOPMENTS 106
9.11 NYNAS AB 107
- 9.11.1 COMPANY SNAPSHOT 107
- 9.11.2 REVENUE ANALYSIS 107
- 9.11.3 SWOT ANALYSIS 108
- 9.11.4 RECENT DEVELOPMENTS 108
9.12 SANSHIN CHEMICAL INDUSTRY CO., LTD. 109
- 9.12.1 COMPANY SNAPSHOT 109
- 9.12.2 PRODUCT PORTFOLIO 109
- 9.12.3 SWOT 110
- 9.12.4 RECENT DEVELOPMENTS 110
9.13 WUXI HUASHENG RUBBER TECHNICAL CO., LTD 111
- 9.13.1 COMPANY SNAPSHOT 111
- 9.13.2 PRODUCT PORTFOLIO 111
- 9.13.3 SWOT 112
- 9.13.4 RECENT DEVELOPMENTS 112

10 QUESTIONNAIRE 113

11 RELATED REPORTS 115

LIST OF TABLES

TABLE 1 REGULATORY COVERAGE 51
TABLE 2 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY COUNTRY, 2021-2030 (USD THOUSAND) 67
TABLE 3 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY COUNTRY, 2021-2030 (TONS) 67
TABLE 4 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (USD THOUSAND) 67
TABLE 5 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (TONS) 68
TABLE 6 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY PRODUCT, 2021-2030 (USD THOUSAND) 68
TABLE 7 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY APPLICATION, 2021-2030 (USD THOUSAND) 68
TABLE 8 UNITED ARAB EMIRATES INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (USD THOUSAND) 69
TABLE 9 UNITED ARAB EMIRATES INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (TONS) 69
TABLE 10 UNITED ARAB EMIRATES INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY PRODUCT, 2021-2030 (USD THOUSAND) 69
TABLE 11 UNITED ARAB EMIRATES INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY APPLICATION, 2021-2030 (USD THOUSAND) 69
TABLE 12 SAUDI ARABIA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (USD THOUSAND) 70
TABLE 13 SAUDI ARABIA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (TONS) 70
TABLE 14 SAUDI ARABIA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY PRODUCT, 2021-2030 (USD THOUSAND) 70
TABLE 15 SAUDI ARABIA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY APPLICATION, 2021-2030 (USD THOUSAND) 70
TABLE 16 EGYPT INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (USD THOUSAND) 71
TABLE 17 EGYPT INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (TONS) 71
TABLE 18 EGYPT INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY PRODUCT, 2021-2030 (USD THOUSAND) 71
TABLE 19 EGYPT INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY APPLICATION, 2021-2030 (USD THOUSAND) 71
TABLE 20 SOUTH AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (USD THOUSAND) 72
TABLE 21 SOUTH AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (TONS) 72
TABLE 22 SOUTH AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY PRODUCT, 2021-2030 (USD THOUSAND) 72
TABLE 23 SOUTH AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY APPLICATION, 2021-2030 (USD THOUSAND) 72
TABLE 24 ISRAEL INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (USD THOUSAND) 73
TABLE 25 ISRAEL INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (TONS) 73
TABLE 26 ISRAEL INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY PRODUCT, 2021-2030 (USD THOUSAND) 73
TABLE 27 ISRAEL INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY APPLICATION, 2021-2030 (USD THOUSAND) 73
TABLE 28 REST OF MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (USD THOUSAND) 74
TABLE 29 REST OF MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR, BY GRADE, 2021-2030 (TONS) 74

LIST OF FIGURES

FIGURE 1 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR 16
FIGURE 2 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: DATA TRIANGULATION 19
FIGURE 3 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: DROC ANALYSIS 20
FIGURE 4 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: MIDDLE EAST & AFRICA VS REGIONAL MARKET ANALYSIS 21
FIGURE 5 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: COMPANY RESEARCH ANALYSIS 21
FIGURE 6 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: THE GRADE LIFE LINE CURVE 22
FIGURE 7 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: MULTIVARIATE MODELLING 23
FIGURE 8 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: INTERVIEW DEMOGRAPHICS 24
FIGURE 9 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: DBMR MARKET POSITION GRID 25
FIGURE 10 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: MARKET APPLICATION COVERAGE GRID 26
FIGURE 11 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: THE MARKET CHALLENGE MATRIX 27
FIGURE 12 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: VENDOR SHARE ANALYSIS 28
FIGURE 13 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: SEGMENTATION 32
FIGURE 14 WORLDWIDE INCREASE IN THE NUMBER OF ON-ROAD VEHICLES UTILIZATION IS EXPECTED TO DRIVE THE MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR IN THE FORECAST PERIOD 33
FIGURE 15 THE REGULAR GRADES IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR IN 2023 AND 2030 33
FIGURE 16 IMPORT-EXPORT SCENARIO (USD THOUSAND) 42
FIGURE 17 PRICE ANALYSIS FOR THE MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR (USD/KG) 43
FIGURE 18 VENDOR SELECTION CRITERIA 48
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR 52
FIGURE 20 NUMBER OF CAR SALES IN THE U.S. FROM 2018 TO 2022 (IN MILLION) 53
FIGURE 21 NUMBER OF PASSENGER CAR SALES IN EUROPE FROM 2017 TO 2021 (IN MILLION) 54
FIGURE 22 REVENUE OF THE MIDDLE EAST & AFRICA TOP TIRE MANUFACTURING COMPANIES (IN USD MILLION) 55
FIGURE 23 MIDDLE EAST & AFRICA SUNSINE CHEMICAL HOLDINGS LTD. INSOLUBLE SULFUR SALES VOLUME (IN TONS) 56
FIGURE 24 MIDDLE EAST AND AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: SNAPSHOT (2022) 63
FIGURE 25 MIDDLE EAST AND AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: BY COUNTRY (2022) 64
FIGURE 26 MIDDLE EAST AND AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: BY COUNTRY (2023 & 2030) 64
FIGURE 27 MIDDLE EAST AND AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: BY COUNTRY (2022 & 2030) 65
FIGURE 28 MIDDLE EAST AND AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: BYGRADE (2023-2030) 65
FIGURE 29 MIDDLE EAST & AFRICA INSOLUBLE SULFUR MARKET FOR AUTOMOTIVE SECTOR: COMPANY SHARE 2022 (%) 74