February 11, 2022
According to the research report titled ‘Global Carbon Disulfide Market Size study, by Application (Rayon, Rubber, Cleaning Carbon Nanotubes, Perfumes, Cellophane, Others) by End User (Pharmaceuticals, Agriculture, Packaging, Textile, Cosmetics, Others) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global carbon disulfide market is anticipated to garner lucrative returns by the year 2027.
Report findings suggests that widespread product usage in agricultural sector as an ingredient in fertilizers and pest repellant is the major growth determinants for global carbon disulfide market.
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For the unversed, carbon disulfide (CS2), also known as carbon bisulfide, is a neurotoxic, colorless chemical molecule with an ether-like odor, that is present in liquid form. Rubber, cellophane, viscose rayon, and carbon tetrachloride are among the products made with it.
The document cites that viscose rayon is becoming a widely desirable alternative to silk and cotton because of its excellent absorbency and hypoallergenic properties. Carbon disulfide is an important component in viscose rayon manufacturing.
Moreover, rising agricultural production in highly populated countries like India and China, and introduction of advanced technology that allows for safe product handling are expected to bolster the industry expansion during the forecast period.
Based on application ambit, worldwide carbon disulfide market is divided into rubber, rayon, cellophane, perfumes, cleaning carbon nanotubes, and others. In terms of end user vertical, the industry is branched into cosmetics, textile, packaging, agriculture, pharmaceuticals, and others.
Speaking of the regional landscape, Asia Pacific market holds a substantial revenue share at present and is poised to grow significantly during the forecast duration. The expansion is attributed to presence of huge packaging, agriculture, textile industries, low-cost manufacturing, fewer government regulations, and increasing investment inflows in the region.
PPG Industries, Inc., Univar Solutions, Inc., Akzo Nobel N.V., GFS Chemicals, Inc, Avantor Performance Materials, Inc., Merck KGaA, Nouryon, Arkema S.A., Alfa Aesar, and Shanghai Baijin Chemical Group Co. Ltd. are the major players influencing the worldwide carbon disulfide industry trends. These behemoths are undertaking strategies like mergers & acquisitions, collaborations & partnerships, and innovative launches to strengthen their position in the market.