Insoluble Sulfur (IS) is a form of sulfur polymer that is insoluble in CS2 and works well as a vulcanizing agent for rubber. It comes in two types, that is, oil-filled and non-oil-filled. It is a crucial component of rubber additives. It raises the level of wearability and fatigue and aging resistance for products. In addition to being generally accepted as the best vulcanizing agent, it is also utilized in the production of latex, all types of automotive rubber components, rubber pipe, shoes, cable and wire insulating materials, and belt tires. As a result, insoluble sulfur, which has the property of not blooming, is frequently employed in the production of radial rubber and other synthetic rubber products, as well as in the production of light-colored rubber products where common sulfur is present in considerable proportions.
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Data Bridge Market Research analyzes that the Global Insoluble Sulfur Market for Automotive Sector is expected to grow with a CAGR of 5.2% from 2023 to 2030 and is expected to reach USD 827,600.45 thousand by 2030.
Key Findings of the Study
Insoluble Sulfur (IS) is extensively used around the world in the manufacturing and sales of tires, which is expected to drive market growth
The tire sector is one of the most crucial vehicle components in the automobile market. The essential components of automobile vehicles, the tire, and tube, are crucial to a nation's economy. Passenger vehicles, commercial vehicles, big trucks, light trucks, and other types of vehicles all utilize tires.
Since it is made of rubber, it also offers a flexible cushion, decreasing the impact of vibrations and absorbing vehicle stress. The components of a rubber tire include tread, joint less cap heaps, beads, and other materials including synthetic rubber, carbon black, and fabric. Due to the growth in demand for vehicle production to meet the spike in demand for automobiles across all segments, the need for tires is increasing exponentially.
As a result, the production of tires makes substantial use of IS. Furthermore, the demand, manufacturing, and sales of the tire have the potential to be a major driving force in the market expansion.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Grade (Regular Grades, High Dispersion Grades, High Stability Grades, and Special Grades), Product (Oil Filled Insoluble Sulfur and Non-Oil Filled Insoluble Sulfur), Application (Tire and Non-TIre)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Poland, Spain, Romania, Portugal, France, Czech Republic, U.K., Italy, Hungary, Netherlands, Rest of Europe, Japan, China, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, South Africa, Egypt, Israel, United Arab Emirates and Rest of Middle East and Africa
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Market Players Covered
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Grupa Azoty (Poland), SHIKOKU CHEMICALS CORPORATION (a subsidiary of SHIKOKU KASEI HOLDINGS CORPORATION) (Japan), FLEXSYS (U.S.), Lions Industries s.r.o (Singapore), China Sunsine Chemical Holdings (Singapore), Oriental Carbon and Chemicals Limited (India), LANXESS (Germany), Joss Elastomers & Chemicals (Netherlands), SANSHIN CHEMICAL INDUSTRY CO.,LTD. (Japan), Leader Technologies Co., Ltd (China), and WUXI HUASHENG RUBBER TECHNICAL CO., LTD (China) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis
The global insoluble sulfur market for automotive sector is segmented into three notable segments based on grade, product, and application.
- Based on grades, the market is segmented into regular grades, high dispersion grades, high stability grades, and special grades. In 2023, the regular grades segment is expected to dominate the global insoluble sulfur market for automotive sector with a market share of 39.19%.
In 2023, the regular grades sub-segment in the grade segment is expected to dominate the global insoluble sulfur market for automotive sector.
In 2023, the regular grades segment is expected to dominate the global insoluble sulfur market for automotive sector due to its expanding use in several rubber-producing sectors.
- Based on product, the market is segmented into oil filled insoluble sulfur and non-oil filled insoluble sulfur. In 2023, the oil filled insoluble sulfur segment is expected to dominate the market with a market share of 82.08%.
- Based on application, the market is segmented into tire and non-tire. In 2023, the tire segment is expected to dominate the market with a market share of 82.77%.
In 2023, the tire sub-segment in the application segment is expected to dominate the global insoluble sulfur market for automotive sector.
In 2023, the tire segment is expected to dominate the market with a market share as it enables a more firm bonding of the rubber while preventing the rubber from splitting apart, and increases resistance to heat and reduces tire wear.
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the global insoluble sulfur market for automotive sector that includes Grupa Azoty (Poland), SHIKOKU CHEMICALS CORPORATION (a subsidiary of SHIKOKU KASEI HOLDINGS CORPORATION) (Japan), FLEXSYS (U.S.), Lions Industries s.r.o (Singapore), China Sunsine Chemical Holdings (Singapore), Oriental Carbon and Chemicals Limited (India), LANXESS (Germany), Joss Elastomers & Chemicals (Netherlands), SANSHIN CHEMICAL INDUSTRY CO.,LTD. (Japan), Leader Technologies Co., Ltd (China), and WUXI HUASHENG RUBBER TECHNICAL CO., LTD (China) among others.
Market Developments
- In October 2022, China Sunsine Chemical Holdings introduced the MBT project which involves new technology that helps them to increase their production phase-wise to meet their demands.
- In November 2021, One Rock Capital Partners, LLC, a value-driven, operationally focused private equity firm, announced that one of its affiliates has successfully completed the previously announced acquisition of Eastman Chemical Company's tire additives business, FLEXSYS.
- In May 2022, FLEXSYS’s business went to Hannover, Germany's "Tire Technology Expo 2022". This would demonstrate the new technological developments in the insoluble sulfur market and would also improve the company's reputation in the marketplace.
Regional Analysis
Geographically, the regions covered in the global insoluble sulfur market for automotive sector report are North America, Europe, Asia-Pacific, South America, and Middle East and Africa. These regions are further sub-segmented into countries such as U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Poland, Spain, Romania, Portugal, France, Czech Republic, U.K., Italy, Hungary, Netherlands, Rest of Europe, Japan, China, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, South Africa, Egypt, Israel, United Arab Emirates and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global insoluble sulfur market for automotive sector during the forecast period 2023-2030
Asia-Pacific is expected to dominate the global insoluble sulfur market for automotive sector due to the rising demand for tires and the high adoption rate of radial tires due to growth in the automobile industry. Asia-Pacific will continue to dominate the market in terms of market share and market revenue. It will continue to flourish its dominance during the forecast period due to the government’s initiatives towards pushing electric vehicles usage and the increase in production of tires in the region along with growth in automobile sales.
Asia-Pacific is estimated to be the fastest-growing region in the global insoluble sulfur market for automotive sector for the forecast period 2023-2030
Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and the rising demand for automobiles and radial tires in the region. In addition to this, various technological advancements related to the product innovation and rising R&D activities are expected to drive market growth.
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