Sulfur Dioxide Market (Application - Sulfuric Acid, Bleaching Agent, Refrigerating Agent, and Food Preservative; End Use - Chemical, Textiles, and Food & Beverages) - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Global Sulfur Dioxide Market: Overview
The demand for sulfur dioxide is escalating on the back of the prosperity of the food and beverage industry, wherein the segment of ready to eat meals and packaged food is on the rise among the urban population. Analysts of this report have also attributed the notable CAGR, with which the demand would increment during the forecast period of 2017 to 2025, to the extending demand from the textile industry. Sulfur dioxide, commonly used for the manufacturing of sulfur trioxide, sulfuric acid, and sulfites, finds widespread applications owing to its properties of reducing agents, refrigerant, bleach, and food preservatives.
Global Sulfur Dioxide Market: Trends and Opportunities
The growing demand for chemicals in various industries is spurring the global sulfur dioxide market, finding application as reagents and solvents in laboratories as well as biomedical and biochemical ingredient. As far as the food and beverage industry is concerned, sulfur dioxide is utilized by aerated drinks and soft drinks, besides being used for the fermentation process of alcoholic beverages such as wine and beer. For the safe transportation of vegetables and dry fruits, sulfur dioxide is used by the manufacturing companies to preserve from spoiling, as sulfur dioxide can increase the shelf life of the packed fruits and vegetables.
On the other hand, hazards pertaining to environment caused by these chemicals and long-term ill-effects of personals working around sulfur dioxide are obstructing the market from attaining its true potential. In addition to that, the awareness regarding the negative effects of drinking aerated drinks is holding the market back too.
Application-wise, the market for sulfur dioxide can be segmented into sulfuric acid, food preservatives, refrigerating agent, and bleaching agent, whereas end-use bifurcation can be done into textiles, food and beverages, and chemicals.
Global Sulfur Dioxide Market: Market Potential
The increased awareness among the governments in emerging economies to provide safe drinking water to the citizens is opening new revenue in the global sulfur dioxide market, as the product can be used for chamber processes in order to de-chlorinate municipal wastewater. Sulfur dioxide is utilized for the production of a number of chemicals and other substances such as paper, wood pulp, bleaching powder, wool, wicker, detergents, soaps, cleaning agents, glue, and gelatin, besides being used as a sanitizer.
Global Sulfur Dioxide Market: Regional Outlook
North America continues to be the most profitable region for the stockholders connected to the value chain of the global sulfur dioxide market. The developed country of the U.S. is the primary country of focus, with the demand predominantly generating from the bleaching applications of the textile industry. On the other hand, Asia Pacific is expected to turn into a highly lucrative region towards the end of the forecast period of the report, owing to radical industrialization and expansion of manufacturing activities in countries such as China and India. These two countries are vastly populated and hence themselves pose a strong consumption demand besides providing affordable labor for the production activities. Latin America is another region showcasing promising potential going forward, gaining traction from the emerging economy of Brazil.
Global Sulfur Dioxide Market: Competitive Analysis
The analysts of the report have detected a largely consolidated scenario wherein only a few companies hold a position of strength, although a number of regional players are also making a foray and eating into the global shares. While DuPont and BASF SE are two of the most prominent names in the global sulfur dioxide market, companies such as The Linde Group, Praxair Technology, Inc., and Boliden Group also are making their presence felt.
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