Elemental Sulfur Market Outlook: Trends and Growth Projections for 2023 - 2030
The global elemental sulfur market size is expected to reach USD 16.78 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 1.8% over the forecast period. The market is projected to witness significant growth in the coming years owing to the increasing demand for high-quality fertilizers. Elemental sulfur is a chemically simpler form and is not combined with other elements in compounds such as sulfur dioxide and sulfates. The market is segmented based on source, end-use, and region. On basis of source, it is segmented into refineries, gas processing plants, and others. Refineries is one of the major sources to obtain elemental sulfur. The segment is witnessing rising investments by research institutions and major refiners to enhance the sulfur content in crude oil & gas and carry the extraction efficiently and cost-effectively. For instance, in October 2022, India’s Council of Scientific and Industrial Research (CSI...