As per the research report titled, ‘Global Elemental Sulfur Market Size study, by Application (Agrochemicals, Chemical & Petroleum Refining, Rubber & Plastics, Mining & Metallurgy, Paper & Pulp) by Source (Gas-Based, Oil-Based, Mining) and Regional Forecasts 2021-2027’, available with the MarketStudyReport, global element sulfur market was worth USD 6.09 billion in 2020 and is expected to register 3% CAGR over the study period, eventually reaching USD 7.49 billion by the year 2027.
 

This rapid expansion can be credited to the mounting food production, significant government investments towards improving agriculture infrastructure, and growing geriatric population. Growing cognizance regarding the importance of sulfur in fertilizers are also aiding towards global elemental sulfur market growth. 
 

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Notably, an elemental sulfur is a chemical that is used in the production of pesticides and fertilizers in the agrochemical industry. It is also used in the production of black gunpowder, pesticides, detergents, disinfectants, fertilizers, dyestuffs, medicines, and a variety of other items.
 

Strict government regulations associated with the use of elemental sulfur could restrict the overall market growth during 2021-2027. 
 

Based on application spectrum, global elemental sulfur industry landscape is segmented into chemical & petroleum refining, rubbers & plastics, paper & pulp, mining & metallurgy, and agrochemicals. As per source type, the market is fragmented into oil-based, gas-based, and mining.
 

The worldwide scope of this industry is defined by Latin America (Mexico, Brazil), Europe (Germany, Italy, Spain, the U.K., France) North America (the U.S., Canada), Asia-Pacific (India, China, Japan, Australia, and rest of the world. The report states that North America currently accounts for the largest market share, owing to growing acceptance and recognition of the latest agricultural equipment and precision agriculture solutions.
 

Meanwhile, Asia-Pacific elemental sulfur market is expected to register a strong CAGR during the study period. Factors such as increased disposable income and rising food demand due to population growth would generate a strong demand for elemental sulfur in Asia-Pacific.
 

The major companies operating in the global elementary sulfur market are Flint Hills Resources LLC, Suncor Energy Inc., Potash Corp., Oxbow Corp. LLC, ConocoPhillips Co., Motiva Enterprises LLC, ADNOC, PJSC Gazprom, Pemex, and Montana Sulphur & Chemical Company.