PUBLISHER: QYResearch | PRODUCT CODE: 1896753
PUBLISHER: QYResearch | PRODUCT CODE: 1896753
Global sulfur reached 62.15 Mt of sales in 2024 with industry-level revenue of about US$11.16bn and an implied average price near US$180/t, placing the market in a "tight-enough demand, normalized pricing" regime after the 2022 spike and 2023 reset. By 2024 sales volume, Saudi Aramco (~10.9%) and Sinopec (~10.2%) lead, followed by ADNOC, Gazprom, and Canadian Natural Resources; the Top 5 account for ~42.3% combined. At the same time, the long-tail "Others" still represents ~30.7%, leaving the market structurally tradable and highly sensitive to logistics and downstream operating rates rather than producer concentration alone.
Supply behaves like a compliance-driven by-product: sulfur is recovered as an unavoidable outcome of sour gas treating and refinery desulfurization. In 2024, the source split highlights this reality-Natural Gas ~35.51 Mt (~57%), Crude Oil ~22.00 Mt (~35%), and Other sources ~4.64 Mt (~7%). Regionally, the Middle East contributes ~32.8% of output, with China and CIS each around ~21%, aligning production with high-sulfur feedstock systems and large-scale processing infrastructure.
Demand is dominated by the sulfuric acid chain. In 2024, fertilizer-linked sulfuric acid consumed ~27.47 Mt (~44%), metals-related sulfuric acid ~20.68 Mt (~33%), and chemical processing ~14.00 Mt (~22%). Asia-Pacific is the demand center at ~34.65 Mt (~56%), effectively anchoring trade flows and marginal pricing dynamics.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Sulphur, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sulphur.
The Sulphur market size, estimations, and forecasts are provided in terms of output/shipments (k Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Sulphur market comprehensively. Regional market sizes, concerning products by Source, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Sulphur manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Source, by Application, and by regions.
Market Segmentation
By Company
Segment by Source
Segment by Application
Production by Region
Consumption by Region
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Source, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Sulphur manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Sulphur by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Sulphur in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Source, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.