Sulfur Dioxide Market Scope
The global sulfur dioxide market is expected to witness high growth in the forecasted period due to rising demand from the chemical industries. Sulfur dioxide is an inorganic chemical compound that is manufactured for making sulfuric acid. The sulfur dioxide is used for various end-user industries. Most prominently is used as a preserving agent in the winemaking, the dipping agent, in the biochemical and biomedical applications as a mixture and as a solvent in laboratories.
The market study is being classified by Type (Industrial Grade and Non-Industrial Grade), by Application (Sulfuric Acid, Bleaching Agent, Refrigerating Agent, Food Preservative and Antioxidant and Others) and major geographies with country level break-up.
India is the largest emitter of sulfur dioxide (SO2) in the world, contributing more than 15 percent of global anthropogenic emissions, according to a new report by Greenpeace released on August 19, 2019. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sulfur Dioxide market throughout the predicted period.
BASF (Germany), DuPont (United States), Agrium (Canada), Israel Chemicals (Isreal), Syngenta (Switzerland), Shell Canada (Canada), Yara International (Norway), Andersons (United States), Haifa Chemicals (Isreal) and R. Simplot Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Calabrian (Italy), Zhejiang Jihua Group (China), PVS Chemicals (United States), Allied Universal (United States) and DX Group (United Kingdom).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Sulfur Dioxide market by Type, Application and Region.
On the basis of geography, the market of Sulfur Dioxide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 2nd January 2019, The Andersons, Inc. has announced that it has successfully completed its acquisition of Lansing Trade Group, LLC (Lansing). The company previously owned approximately 32.5 percent of Lansing, and paid cash and stock valued at approximately USD 324 million for the remaining equity. This transaction was originally announced on October 15, 2018, and closed effective January 1, 2019.
Market Trend
- The Growing Demand from Food Preservations Industries
- High Adoption due to Use in Wine Producing
Market Drivers
- The Increasing Demand from Chemical Producing Industries
- Upsurging Demand from Various End-User Industries
Opportunities
- The Growing Adoption in the Waste Water Treatment
- Increasing Demands from Emerging Markets
Restraints
- Growing Concern Related to Environmental Hazards
Key Target Audience
Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others
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