Global sulfur bentonite markets were valued at USD 89.04 millions in 2018. They are expected to grow at an estimated 5.6% CAGR from 2019-2025. The demand will rise due to rising oileed production and increasing soil sulfur deficiency.
The growing demand for sulfur-rich fertilizers for crop cultivation is driving the market. This product is a concentrated fertilizer that falls under the category of elemental sulfur fertilizers, which contain 90 to more than 90% micronutrients. These fertilizers can be used to cultivate oilseeds, cereals and fruits, as well as vegetables. They have also increased yields by nearly 20% to 30% for major oilseeds. Sulfur bentonite's oxidative ability controls the release and absorption of nutrients from soil, thereby reducing nutrient loss without exposing the soil to environmental hazards. The growth can also be influenced by other factors, such as availability of raw materials, trade opportunities and product commercialization.
China is the largest importer of sulfur worldwide. It accounts for about one-third of global trade and 25% of global consumption. China imports approximately 10 to 12 million tonnes of sulfur each year. This is in addition to its domestic production.
The U.S. Geological Survey states that the country is the largest producer of sulfur worldwide, with a total production of 17.4 millions tons in 2017. However, there is a shortage of high-sulfur fertilizers which has led to high levels of sulfur in the soil.
To maintain soil's nutritional balance and increase nutrient availability, sulfur bentonite can be used. For the best crop growth, many factors must be considered, including soil type and crop type.
Many factors can cause a reduction in soil's sulfur content, including soil runoff, poor drainage, pollution, and bacterial change. The product is used more often for sulfur enrichment than other products to balance soil content and maximize crop yield.
The sulfur bentonite market can be divided into three segments based on their application: oilseeds, fruits, vegetables, crops, and lawns and turfs. For the cultivation of oilseeds, fertilizers are essential. The plant's sulfur uptake is directly linked to the oil content. A recent study by research institutions found that it takes approximately 12 to 18 kilograms of sulfur to make a ton oil seeds.
Compound requirements in cereals are very similar to phosphorus intake. Crops' protein cells are made up of sulfur-containing amino acid such as methionine, cystine and cystine. The product's use has a significant impact on crop yield, flavor and odor, as well as increasing resistance to cold weather. As it is easy to leach from the soil, sulfur deficiency can be seen in the beginning stages of growth. Young leaves turn pale yellow due to the change in the protein composition. Stems become smaller and eventually, this will affect the quality and size the seed.
A lack of nutrients in vegetables and fruits can lead to spindly stems and yellowish veins. Sulfate fertilizers, which are useful in controlling certain diseases and weather resistance, are essential for vegetables like cabbage, turnips, and broccoli during the winter. Sulfur plays an important part in lowering soil pH, increasing plant root access and nutrients, as well as the formation of plant tissues.
In 2018, Asia Pacific accounted for 31.9% of the world's largest volume share. Due to rising awareness about sulfur-based fertilizers, the region will dominate the industry for the next few years. China and India dominate regional consumption. These countries are characterized in large part by global manufacturers such as Deepak Fertilizers & Petrochemicals Corporation Limited and Coromandel International Limited. Omasulf and Tiger-sul are some of the brands that import significant amounts of the product from North America, Middle East, and Africa.
Latin America is the second largest market in sulfur bentonite. This is mainly due to the increasing demand for various food crops as well as oil seeds. Due to the lack of suitable cultivation land and growing micronutrients deficiencies in soil, this region is unable to feed its large population. Farmers use a variety of fertilizers to increase soil fertility. Brazil is the country with the highest consumption of sulfur bentonite in Latin America. It is followed by Argentina, Mexico, and Colombia. Brazil and Argentina are also significant contributors to the global oilseeds production. This is a major demand.
Due to large sulfur reserves in the region, North America was responsible for 23.1% of the 2018 revenue. In 2017, the United States produced 9.64 million metric tonnes of sulfur and 3.70 million tons of bentonite, ranking second on the global producer list after China.
The region's oileed production is increasing, with rapeseed and soybean being the most popular. Middle East and Africa (MEA), is one of the most important sulfur-producing regions in the world. The regional market is driven by an increase in the production of dates, watermelons and wheat as well as potatoes and tomatoes. MEA exports the product to Europe and Asia Pacific countries.
H Sulphur Corp. and Tiger Sul are key players in the global market. Global market competition is fierce with only a few large companies controlling the majority of the market.
Major players like Tiger Sul, Devco Australia and Coromandel International are constantly investing in R&D to improve product quality. They also have strong brands and products that are well-known, which makes it more difficult for new competitors to enter the market.
This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2014 through 2025. Grand View Research has divided the global sulfur-bentonite market report based on application and region.
Application Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)
Oilseeds
Cereals and Crops
Fruits and vegetables
Other
Regional Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)
North America
The U.S
Canada
Mexico
Europe
Germany
France
The U.K.
Asia Pacific
China
India
Japan
Latin America
Brazil
Argentina
Middle East and Africa
b. Global sulfur bentonite market was valued at USD 94.2 Million in 2019, and is forecast to grow to USD 99.6 Million in 2020.
What is the growth rate of sulfur bentonite?b. Global sulfur bentonite demand is expected to increase at a compound annual rate of 5.6% between 2019 and 2025, reaching USD 130.6 millions by 2025.
Which segment had the largest share of the sulfur bentonite marketplace?b. With a 29.7% share in 2019, Asia Pacific was the dominant market for sulfur bentonite. This can be attributed to a growing consumer awareness towards sulfur-based fertilizers and the presence of major fertilizer producers such as Coromandel International Limited and Deepak Fertilizers & Petrochemicals Corporation Limited.
What are the major players in the sulfur bentonite industry?b. H Sulphur Corp. and Tiger Sul are some of the key players in the sulfur-bentonite market.
What are the driving factors for the sulfur bentonite industry?b. b.
Up Market Research published a new report titled “Sulfur Bentonite Market research report which is segmented by Application (Fruits & Vegetables, Cereals & Crops, Oilseeds), By Players/Companies Coromandel International, Devco Australia, National Fertilizer Limited, Coogee Chemicals, Deepak fertilizers, Tiger Sul, H Sulphur Corp”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Sulfur Bentonite Market Research Report |
By Application | Fruits & Vegetables, Cereals & Crops, Oilseeds |
By Companies | Coromandel International, Devco Australia, National Fertilizer Limited, Coogee Chemicals, Deepak fertilizers, Tiger Sul, H Sulphur Corp |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 239 |
Number of Tables & Figures | 168 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Fruits & Vegetables, Cereals & Crops, Oilseeds).
Sulfur Bentonite Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Sulfur Bentonite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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