Name: Saudi Arabia Sulfur Market and Analysis Report – Opportunities and Forecast 2023-2030
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Saudi Arabia Sulfur Market and Analysis Report – Opportunities and Forecast 2023-2030

Saudi Arabia Sulfur Market Size, Analysis, By Product Type (Sodium Hydrosulphide, Sodium Hydrosulphite, Sodium Sulphide, Sodium Sulphite, Sodium Thiosulfate, Sodium Formaldehyde Sulphoxylate, Sulphuric Acid, Sulphur Dioxide, Others), and By Application (Food and Beverage, Pharmaceuticals, Oil and Gas, Agriculture, Textile and Leather, Agriculture, Cleaning Chemicals, Others)

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Sulfur is a multivalent non-metal, tasteless, and odorless chemical element, which is a yellow crystalline solid at room temperature. It occurs naturally as the pure element or as sulfide and sulfate minerals on the earth. The vast majority of sulfur is derived as a by-product from the operations including petroleum refining, heavy oil, and natural gas processing, tar sands recovery, and metallurgical plants. It is used in many chemical and industrial processes, including rubber processing, cosmetics, and pharmaceutical applications. One of the major derivatives of sulfur is sulphuric acid (H2SO4) that is used as an industrial raw material. Sulphur is also utilized in batteries, detergents, fungicides, fertilizers, gun power, matches, and fireworks, among other applications.

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Major Saudi Arabia Sulfur Market Drivers

Increasing application of sulphur and its chemical products in various end-use industries including food, beverages, wine, pharmaceuticals, oil and gas, agriculture, detergents, paper & pulp, oil & gas, and leather, among other industries are expected to propel the market growth over the forecast period in Saudi Arabia. The wide range of application of sulfuric acid for the manufacturing of chemicals, such as hydrochloric acid, nitric acid, sulfate salts, synthetic detergents, dyes and pigments, explosives, and drugs, is expected to further support the growth of the market during the forecast period.

Sulphur is used in the manufacturing of sulfate fertilizers and phosphate fertilizers. The growing agricultural and petrochemical industries in the county are further anticipated to stimulate the growth and development of the sulfur market in Saudi Arabia. Additionally, the presence of major petrochemical companies in Saudi Arabia that includes Saudi Arabian Oil Company, Sadara Chemical, Petro Rabigh Company, Saudi Basic Industries Corporation, The Arabian Petroleum Supply Co., and National Petrochemical Company is anticipated to augment the growth of the sulfur market.

Moreover, sulfur is also used in the construction industry for the production of sulfur concrete that has several beneficial properties including high strength, corrosion resistance, mechanical strength, impermeability, recyclability and rapid hardening. The increasing construction industry, coupled with the ongoing major infrastructural projects including the Red Sea Project, Neom Business City, Four Season Jeddah Croniche, Qiddiya City, Dr. Sulaiman Al-Habib Hospital, Jabal Omar, and Murcia Residential Project, among other projects, is anticipated to augment the market growth over the forecast period. However, the stringent government regulation regarding the emission and damaging effects of sulfur on the environment may hamper the growth of the Saudi Arabia sulfur market.

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Product – Segment Analysis

Based on the product type, the market is segmented into sodium hydrosulphide, sodium hydrosulphite, sodium sulphide, sodium sulphite, sodium thiosulfate, sodium formaldehyde sulphoxylate, sulphuric acid, sulphur dioxide, others. The sulphuric acid segment is expected to grow at a higher CAGR during the forecast period. This is attributed to the utilization of sulphuric acid as an essential chemical in the manufacturing processes of many goods over a wide range of applications.

Application – Segment Analysis

Based on the application, the market is segmented into food and beverage, pharmaceuticals, oil and gas, agriculture, textile and leather, agriculture, cleaning chemicals, and others. The oil & gas segment is anticipated to dominate the sulphur market during the forecast period owing to the surging utilization of sulphur in the petrochemicals sector, where it is used to make sulfuric acid. It is also used in petroleum refining for washing impurities out of gasoline and refinery products. Growth in the consumption of natural gas, petroleum, and petrochemical products and Saudi Arabia is one of the leading oil producer and exporter in the world which will propel the market growth in the country.

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Top Market Players

Various notable players operating in the market include 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, and PJSC Gazprom, among others.

Key Developments:

- In 2020, Aramco announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC), largest petrochemicals manufacturers, from the Public Investment Fund (PIF), aiming to enhance Aramco’s presence in the global petrochemicals industry.

- In 2019, the Saudi Arabian Oil Co. (Saudi Aramco) completed the acquisition of Shell Saudi Arabia Limited’s 50% share of the SASREF joint venture in Jubail Industrial City, in Saudi Arabia. Shell Saudi Arabia Limited is a subsidiary of Royal Dutch Shell Plc, an energy and petrochemical company. This acquisition is expected to enhance the product portfolio of Saudi Aramco.

- In 2018, Saudi Industrial Export Co (SIEC) signed an agreement with Saudi Aramco Base Oil Co. – LUBEREF to purchase its full production of Sulfur which is 37,000 tonnes. This is expected to benefit the later company in the sales and marketing of sulphur products.

Segments covered in the Report:

The Saudi Arabia Sulfur market segmented on the basis of product type and application. Based on product type, the market is segmented into sodium hydrosulphide, sodium hydrosulphite, sodium sulphide, sodium sulphite, sodium thiosulfate, sodium formaldehyde sulphoxylate, sulphuric acid, sulphur dioxide, others. Based on application, the market is segmented into food and beverage, pharmaceuticals, oil and gas, agriculture, textile and leather, agriculture, cleaning chemicals, and others.

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Key questions answered in this research report:

- At what pace is Saudi Arabia Sulfur market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in Saudi Arabia Sulfur market? What will be the impact of market drivers and market restraints in the future?
- Which product type generated maximum revenues in 2022 and identify the most promising products during the forecast period?
- What are the various applications in Saudi Arabia Sulfur market and how they are poised to grow?
- What companies are the major participants in Saudi Arabia Sulfur market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2022)	USD Million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product Type, By Application
Regional Coverage	Saudi Arabia
Companies Profiled	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, and PJSC Gazprom among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation