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 size was valued at USD 990.10 billion in 2019 and is poised to grow from USD 1029.51 billion in 2023 to USD 1406.78 billion by 2031, at a CAGR of 3.98% during the forecast period (2024-2031).

Rising product demand from rubber manufacturers as a curing agent is anticipated to continue to be a major factor in market expansion. The production of tyres around the world makes extensive use of insoluble sulphur, which is used as a rubber-curing agent. Since the bulk of rubber applications are used in tyre manufacture, there is a significant market for insoluble sulphur in this sector. Additionally, there is a growing need for new tyres due to the increase in on-road vehicles around the world. In the near future, these factors are likely to accelerate market expansion.

Due to advancements made by big international corporations, the market has undergone substantial changes. For instance, in February 2018, Eastman Chemical Company unveiled CrystexCure Pro, a non-blooming vulcanizing agent used in rubber formulation to improve the properties of radial tyres. Additionally, Nynas, a producer of speciality bitumen and naphthenic oil, unveiled a line of goods under the Nytex brand. These products are offered commercially in a variety of viscosities and are well suited for use with tough forms of rubber as well as sulphur. The product offers a number of qualities that make it useful for a variety of uses, including the production of insulating material for wires and cables, pipes, and tyres.

The product offers a number of qualities that make it useful for a variety of uses, including the production of insulating material for wires and cables, pipes, and tyres. To increase the product's overall quality and resilience to aging and fatigue, the product is added in the desired amounts across various materials. Major market players have been making significant investments in research initiatives to gain a greater market share on a global level. Due to the fierce competition, products are now more innovative than ever before in terms of quality, cost, etc.