Saudi Arabia Sulfur Market – Opportunities & Forecast, 2020-2027
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The Saudi Arabia Sulfur Market drivers and trends are as
follows:
Some of the factors contributing to the growth of the Saudi Arabia sulfur market
include the growing application of sulfur and its chemical products in several
end-use industries, including detergents, food, wine, beverages,
pharmaceuticals, agriculture, oil and gas, paper & pulp, and leather, among
other industries. The huge range of application of sulfuric acid for the
manufacturing of chemicals, such as nitric acid, hydrochloric acid, sulfate
salts, dyes and pigments, synthetic detergents, explosives, and drugs, is a
major factor fuelling the growth of the market in the upcoming years.
Sulfur is used in the manufacturing of phosphate fertilizers
and sulfate fertilizers. The increasing agricultural and petrochemical
industries in the country are further accelerating the growth of the sulfur market
in Saudi Arabia. Furthermore, the strong presence of leading petrochemical
organizations in Saudi Arabia that includes Sadara Chemical, Saudi Arabian Oil
Company, Petro Rabigh Company, The Arabian Petroleum Supply Co., Saudi Basic
Industries Corporation, and National Petrochemical Company is projected to
propel the growth of the sulfur market.
Sulfur is also used in the construction industry to produce
sulfur concrete that has various beneficial properties, including corrosion
resistance, high strength, mechanical strength, recyclability, rapid hardening,
and impermeability. The growing construction industry, along with the ongoing
major infrastructural projects including the Neom Business City, Red Sea
Project, Qiddiya City, Four Season Jeddah Croniche, Jabal Omar, Dr. Sulaiman
Al-Habib Hospital, and Murcia Residential Project, among other projects, is another
factor fuelling the market growth in the upcoming years. On the other hand, the
rigorous government regulation associated with the emission and damaging
effects of sulfur on the environment will hinder the growth of the Saudi Arabia
sulfur market.
For Additional Insights, Click to Access Complete Report:
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Key Benefits of the Report:
·
This report offers an analytical depiction of
the Saudi Arabia sulfur market while providing the current trends and future estimations
to determine the imminent investment pockets.
·
This study illustrates every relevant
information, including the market drivers, restraints, and emerging
opportunities, followed by a detailed analysis of the Saudi Arabia sulfur
market share.
·
The report also provides a detailed Saudi Arabia
sulfur market analysis based on competitive intensity and how the competition
will take shape over the next six years.
Various companies covered in the Saudi Arabia Sulfur
Market report:
·
Abu Dhabi National Oil Company
·
Qatar Petroleum
·
Saudi Arabian Oil Co.
·
ADDAR Chemicals Company
·
Saudi Aramco Base Oil Company – LUBEREF
·
Global Specialty Chemical Co.
·
Saf Sulphur Company
·
Saeed Ali Ghodran Group
·
China Petrochemical Corporation
·
PJSC Gazprom
Segmentation of the Saudi Arabia Sulfur Market:
Breakup by Product Type:
·
Sodium Hydrosulphide
·
Sodium Hydrosulphite
·
Sodium Sulphide
·
Sodium Sulphite
·
Sodium Thiosulfate
·
Sodium Formaldehyde Sulphoxylate
·
Sulphuric Acid
·
Sulphur Dioxide
·
Others
Breakup by Application:
·
Food and Beverage
·
Pharmaceuticals
·
Oil and Gas
·
Agriculture
·
Textile and Leather
·
Agriculture
·
Cleaning Chemicals
·
Others
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