Sulphur Bentonite Market: Global Industry Analysis (2012 -2016) & Opportunity Assessment (2017 - 2027)
August 16 2018 - 1:45PM
PR Newswire (US)
LONDON, August 16, 2018 /PRNewswire/ -- Increasing
sulphur deficiency in developing regions such as Latin America and Asia Pacific is expected to drive the demand
for sulphur bentonite. Over the recent past, key sulphur consuming
countries such as China have
observed relatively slow economic growth. This coupled with
regulations pertaining to permissible quantity of sulphur,
especially in marine fuel (IMO) among other products, is expected
to further widen the gap between elemental sulphur production and
consumption at a global level. The Latin
America sulphur bentonite market can be stated as a low
volume high growth market. The region was responsible for only a
minute share in the overall market. However, the high agricultural
growth rate and anticipated steady growth in Latin America are some of the factors making
this region an attractive market for sulphur bentonite.
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Asia Pacific regional market to
stay at the vanguard of growth owing to a growing deficiency of
sulphur
In the recent past, sulphur has surfaced as an essential nutrient
in agricultural harvest and has been considered as the fourth most
important plant nutrient succeeding NPK. According to the sulphur
institute, the global sulphur deficiency in the agricultural sector
is estimated to be around 11 Mn tonnes. India and China collectively represent approximately 70%
share. In China, about 30% of the
cropped soils are sulphur deficient. The region is anticipated to
witness significant demand for sulphur containing fertilizers. The
governments of various countries in the region are channelizing
efforts for balanced plant nutrition and are also providing
subsidies to increase the demand for sulphur-based fertilizers,
including sulphur bentonite in the region. Traditionally, the
region is dependent on imports from the Middle East and North America. The easy availability of raw
materials like sulphur is also a major concern for various
manufacturers. The quality of sulphur has to meet certain standard
specifications and therefore is likely to act as a core roadblock
in the global market.
However, over the past few years, manufacturers have recognised the
growth potential in the Asia
Pacific region owing to the growing sulphur deficiency in
the soil. A number of new production plants are being established
and expansion of production capacities of existing plants is also
being done to cater to the domestic needs.
North America to catch up with
APAC on the production and consumption front
North America has been a major
producer as well as consumer of sulphur bentonite. Sulphur
bentonite has performed exceptionally well on North American soil.
There has been significant improvement in the oil content and yield
of major oil seeds including rape seed and soybean among others.
The increased yield of canola than that of other cereals is
primarily owing to the use of sulphur bentonite. Canada is amongst the leading producers of
canola; hence, a significant demand is projected to evolve from the
country. On the other hand, the U.S. is projected to generate
significant demand owing to the growing production of soybean and
corn. However, regulations being imposed by governments like the
U.S. Clean Air Act are likely to act as a prominent roadblock in
the growth of the sulphur bentonite market in the coming years.
Furthermore, the burgeoning development of shale gas in the
petrochemicals industry of the region has further affected sulphur
production to a significant extent.
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