Global Insoluble Sulfur Market For Automotive Sector
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 582.30 Million |
 Market Size (Forecast Year) |
USD 873.53 Million |
 CAGR |
% |
| Major Markets Players |
|
Global Insoluble Sulfur Market for Automotive Sector Segmentation, By 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) - Industry Trends and Forecast to 2031.
Insoluble Sulfur Market for Automotive Sector Market Analysis
Insoluble sulfur market for the automotive sector is experiencing significant growth due to advancements in vulcanization technologies and increased demand for high-performance tires. Recent developments include enhanced dispersion techniques and the use of nano-sized sulfur particles to improve tire durability and performance. These innovations cater to rising automotive safety standards and fuel efficiency requirements, driving market expansion.
Insoluble Sulfur Market for Automotive Sector Market Size
The global insoluble sulfur market for automotive sector size was valued at USD 582.30 million in 2023 and is projected to reach USD 873.53 million by 2031, with a CAGR of 5.2% during the forecast period of 2024 to 2031. 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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
|
Attributes |
Insoluble Sulfur Market for Automotive Sector Key Insights |
|
Forecast Period |
2024 to 2031 |
|
Base Year |
2023 |
|
Historic Years |
2022 (Customizable to 2016-2021) |
|
Quantitative Units |
Revenue in USD Thousand, Volumes in Units, Pricing in USD |
|
Segments Covered |
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) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
|
Market Players Covered |
Grupa Azoty (Poland), SHIKOKU CHEMICALS CORPORATION (Japan), FLEXSYS (U.S.), Lions Industries s.r.o (Slovakia), China Sunsine Chemical Holdings (China), Oriental Carbon and Chemicals Limited (India), LANXESS (Germany), Joss Elastomers & Chemicals (India), SANSHIN CHEMICAL INDUSTRY CO., LTD. (Japan), Leader Technologies Co., Ltd (Taiwan), and WUXI HUASHENG RUBBER TECHNICAL CO., LTD (China) |
|
Market Opportunities |
|
Insoluble Sulfur Market for Automotive Sector Definition
Insoluble sulfur (IS) is a sulfur polymer used as a vulcanizing agent in the automotive sector, crucial for enhancing rubber durability. Available in oil-filled and non-oil-filled types, IS improves wear resistance, fatigue, and aging of rubber products. It’s widely used in automotive components, latex, rubber pipes, shoes, cables, and belt tires. IS is preferred for radial and light-colored rubber products due to its non-blooming property, making it ideal for applications where common sulfur would be unsuitable.
Insoluble Sulfur Market for Automotive Sector Dynamics
Drivers
- Increasing Automotive Production
Increasing global automotive production fuels demand for tire components, including insoluble sulfur. For instance, in 2023, global automotive production reached approximately 80 million units, boosting the need for high-quality tires. Insoluble sulfur is essential in enhancing tire durability and performance, as seen with major insoluble sulfur manufacturers such as Michelin and Bridgestone integrating it into their tire formulations to meet increasing vehicle production and performance requirements.
- Increasing Enhanced Performance Requirements
Increasing performance requirements in automotive tires, which must endure high speeds and diverse road conditions, drives the demand for durable materials such as insoluble sulfur. For instance, high-performance tires used in sports cars and premium vehicles require enhanced durability and resistance to wear, which insoluble sulfur provides. This demand for high-quality, durable tires pushes the market for insoluble sulfur, as it improves the longevity and performance of automotive tires.
Opportunities
- Growing Electric Vehicle (EV) Market
The expanding Electric Vehicle (EV) market presents a significant opportunity for the insoluble sulfur market. EVs demand specialized tires to handle high torque and unique driving conditions. For instance, tire manufacturers such as Michelin and Bridgestone use insoluble sulfur to enhance tire durability and performance in EVs. This specialization in tire composition supports the growth of the insoluble sulfur market as more automakers adopt EV technology.
- Technological Advancements in Tires
Technological advancements in tire technology create significant opportunities for the insoluble sulfur market. Innovations such as advanced tread designs and high-performance compounds demand insoluble sulfur to enhance tire durability, heat resistance, and overall performance. For instance, the development of high-mileage and fuel-efficient tires relies on insoluble sulfur to maintain optimal tire properties, thus driving its market growth as manufacturers seek to meet evolving performance standards.
Restraints/Challenges
- High Production Costs
High production costs for insoluble sulfur stem from complex processes and specialized equipment, leading to increased prices for end-users. This can limit adoption in cost-sensitive segments of the automotive sector, hindering market growth. The high costs associated with manufacturing and processing can restrict the material's use to higher-end applications, making it less attractive in price-sensitive markets and impacting overall market expansion.
- Limited Raw Material Availability
The availability of sulfur, a crucial raw material for insoluble sulfur production, is subject to market fluctuations and geopolitical issues. This limited access can disrupt supply chains and affect production consistency, leading to delays and increased costs. Such instability undermines the reliability of supply and can hinder the overall growth and stability of the insoluble sulfur market in the automotive sector.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In October 2022, China Sunsine Chemical Holdings unveiled its MBT project, featuring advanced technology designed to increase production capacity in a phased manner. This strategic move aims to enhance their ability to meet growing demand efficiently and bolster their market position
- In May 2022, FLEXSYS showcased its latest technological advancements at Hannover, Germany's "Tire Technology Expo 2022." This event highlighted new developments in the insoluble sulfur market and enhanced FLEXSYS's reputation, reinforcing its position as an industry leader in tire technology
- In December 2021, OCCL commenced the first phase of expanding its insoluble sulfur production, targeting a capacity of 5,500 MTPA. The products, branded as “DIAMOND SULF,” are primarily used as vulcanizing agents in the tire industry, aiming to meet increasing market demands
- In November 2021, One Rock Capital Partners, LLC, through an affiliate, completed the acquisition of Eastman Chemical Company's FLEXSYS business. Eastman, a leader in tire additives, brings a global asset footprint and advanced technical services, enhancing the operational and market capabilities of One Rock’s investment
Insoluble Sulfur Market for Automotive Sector Scope
The market is segmented on the basis of grade, product, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Regular Grades
- High Dispersion Grades
- High Stability Grades
- Special Grades
Product
- Oil Filled Insoluble Sulfur
- Non-Oil Filled Insoluble Sulfur
Application
- Tire
- Non-Tire
Insoluble Sulfur Market for Automotive Sector Regional Analysis
The market is analysed and market size insights and trends are provided by grade, product, and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to register the highest CAGR during the forecast period in the insoluble sulfur market for the automotive sector due to its significant applications in tire manufacturing. China is anticipated to lead the region, driven by a growing number of on-road vehicles and expanding automotive industry in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Insoluble Sulfur Market for Automotive Sector Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Grupa Azoty (Poland)
- SHIKOKU CHEMICALS CORPORATION (Japan)
- FLEXSYS (U.S.)
- Lions Industries s.r.o (Slovakia)
- China Sunsine Chemical Holdings (China)
- Oriental Carbon and Chemicals Limited (India)
- LANXESS (Germany)
- Joss Elastomers & Chemicals (India)
- SANSHIN CHEMICAL INDUSTRY CO., LTD. (Japan)
- Leader Technologies Co., Ltd (Taiwan)
- WUXI HUASHENG RUBBER TECHNICAL CO., LTD (China)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
