Insoluble Sulfur Market Size, Share, Growth Analysis, By Grade Type(High Dispersion, Regular Grade, High Stability), By Application(Tire Manufacturing, Industrial Application, Footwear, Others), By Region - Industry Forecast 2024-2031

Insoluble Sulfur Market Driver

• The tire industry mostly uses insoluble sulfur. Due to the increase in on-road vehicle traffic around the world, there is a growing need for quick and low-maintenance tire replacements. To obtain a competitive edge in the fiercely competitive market, tire producers throughout the world are under great pressure from regulators and consumers to provide more fuel-efficient tires. A significant factor that is anticipated to propel the worldwide insoluble sulfur market during the forecast period is the rise in the use of insoluble sulfur to convert raw rubber into complete rubber at high heat to increase the strength and flexibility of the rubber.
• All types of rubber products can have their resistance to wear and aging increased by insoluble sulphur. Additionally, it is a perfect vulcanizing agent for rubber. Additionally, it is commonly utilized in the production of rubber chemistry, which includes latex, rubber tires, rubber pipes, rubber shoes, cables, and wires. The global market for insoluble sulfur is anticipated to grow quickly due to the rise in demand for insoluble rubber in a variety of rubber sector applications.

Insoluble Sulfur Market Restraint

• Due to the recent global pandemic and the temporary shutdown of the automotive and tire manufacturing industries, the insoluble sulfur business is currently experiencing its toughest moment in 25 years. The pandemic also disrupted the world's supply chain, raising chemical prices and ultimately hurting the tire industry's ability to produce tires.