Your payment is in progress...

ASEAN Sulfur Market - Growth, Trends, And Forecast (2020 - 2025)

Published on: Aug 2020 | From USD $3750 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 120

The market for Sulfur in ASEAN region is expected to grow at a CAGR of over 3% during the forecast period. Major factors driving the market studied are rising demand from the fertilizer manufacturing sector and increasing usage of sulfur for the vulcanization of rubber. On the flipside, stringent environmental regulations regarding emissions and unfavorable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.

- Usage of sulfur in cement polymer concrete is expected to offer lucrative opportunities for the growth of market in the future.
- By end-user industry, fertilizer segment accounted for the largest share.
- By country, Indonesia is expected to dominate the market during the forecast period.

Key Market Trends

Growing Demand from Fertilizer Industry

- Sulfur is considered as a fourth macronutrient along with nitrogen, phosphorus, and potassium in agriculture industry.
- Sulfur has various functions in plants. Some of these major roles are synthesis of proteins and chlorophyll formation. It is also essential in the synthesis of oils, especially in oil crops, and is an active component in the metabolism of nitrogen.
- Oil palm, rubber, and sugarcane account for almost 95% of the ASEAN fertilizers demand. Plantations are expected to be the main driver for the fertilizer demand increase in the next few years, and, in turn, this may drive the global sulfur market for fertilizer use.
- Additionally, due to emission controls in the past ten years, sulfur deposition has dropped below the requirement for many crops, widespread sulfur deficiencies resulted in the development of a wide range of sulfur-containing crop and pasture fertilizers.
- The increase in oilseed rape production, used for biofuels, has resulted in an increased demand for sulfur fertilizers, which is used to counter the risk of sulfur deficiency.
- Strong market for soybean, corn, and sugarcane, which are used for biofuel production, have resulted in increased demand for sulfate fertilizers, such as, ammonium thiosulphates.
- Indonesia GDP from agriculture increased from USD 3.21 billion in the fourth quarter of 2019 to USD 5.05 billion in first quarter of 2020. Also, Indonesian fertilizers market is expected to grow at a CAGR of 4% during the forecast period. These factors are expected to positively impact the sulfur market in the country.
- Hence, the above-mentioned factors are ikely to affect the demand for sulfur in ASEAN region during the forecast period.

Indonesia to Dominate the Market

- Indonesia is the largest economy in Southeast Asia. The country has witnessed a GDP growth rate of 5% in 2019 and is expected to witness a GDP growth rate of 5.1% in 2020.
- Indonesia is one of the top importers of sulfur among ASEAN countries, as well as at the global level. The sulfur market demand in Indonesia is expected to reach approximately 834 thousand metric tons by 2025.
- Chemicals and food and beverages, along with textiles, automotive, and electronics industries, were declared as the priority industries by the government. This is primarily to increase their contribution to the countryŐs GDP, by up to 21-26% by 2030.
- Indonesia is the major producer of a myriad of agricultural products. GDP from agriculture averaged USD 4.92 billion from 2010 until 2018. Investments are utilized to increase the use of mechanized and automatic agricultural technology, use of fertilizers and agrochemicals to expand the total farming areas, and improving infrastructure. Thus, products relevant to agriculture pose great opportunities for businesses in Indonesia.
- The food and beverage industry is projected to remain the mainstay of supporting Indonesia's manufacturing and economic growth. The important role of the food and beverage industry can be seen from the large contribution to the country's non-oil and gas GDP.
- Indonesia is one of the fastest growing pharmaceutical markets in Asia. IndonesiaŐs pharmaceutical market is ranked as the largest market in the ASEAN regions, with the market value expected to hit USD 10.11 billion by 2021.
- Indonesia is the second-largest producer of natural rubber in the world. Domestically, it is an essential commodity after crude palm oil, coffee, and cocoa, and plays a very crucial role in contributing to the state income, foreign exchange income, and providers of critical industrial raw materials. Hence, this industry is another major consumer of sulfur, which is used in the vulcanization of rubber.
- Hence, the aforementioned factors are likely to positively impact the demand of sulfur during the forecast period.

Competitive Landscape

The ASEAN sulfur market is consolidated, with the top five players accounting for major share of the market. The key players in the market include Royal Dutch Shell, Abu Dhabi National Oil Company, Qatar Petroleum for the Sale of Petroleum Products Company Limited, China Petroleum & Chemical Corporation (SINOPEC), and PETROVIETNAM CHEMICAL AND SERVICES CORPORATION.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1.1 Study Assumptions
1.2 Scope of the Study



4.1 Drivers
4.1.1 Rising Demand from the Fertilizer Manufacturing Sector
4.1.2 Increasing Usage of Sulfur for the Vulcanization of Rubber
4.2 Restraints
4.2.1 Stringent Environmental Regulations Regarding Emissions
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5.1 End-user Industry
5.1.1 Fertilizer
5.1.2 Chemical Processing
5.1.3 Metal Manufacturing
5.1.4 Rubber Processing
5.1.5 Other End-user Industries
5.2 Geography
5.2.1 Malaysia
5.2.2 Indonesia
5.2.3 Thailand
5.2.4 Singapore
5.2.5 Philippines
5.2.6 Vietnam
5.2.7 Rest of ASEAN Countries

6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Abu Dhabi National Oil Company
6.4.2 China Petroleum & Chemical Corporation (SINOPEC)
6.4.3 Petronas
6.4.5 PT Pertamina(Persero)
6.4.6 PT. Candi Ngrimbi
6.4.7 Qatar Petroleum for the Sale of Petroleum Products Company Limited
6.4.8 Royal Dutch Shell

7.1 Usage of Sulfur in Cement Polymer Concrete
7.2 Other Opportunities

Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

The market engineered data is verified and validated by a number of experts, both in-house and external.

After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.


Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research.

The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process.

The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage.

Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more.

These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry.

Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
When you place an order with MarketInsightsReports, we try our best to deliver the product as soon as possible. The report will be delivered to you either by email or by physical delivery. If it’s delivered by email the order will be dispatched on the same working day or on the next working day of receipt of payment (unless otherwise specified on our website). There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location

Any person who has the capacity to make decisions for the business must buy the reports. These reports help management in decision making process. Market research helps person to obtain market information from different sources, and in multiple formats. It aims to study supply and demand, analyze data as per geography, age factors, demography, technology, product, psychographic & gender differences, and many other parameters. Access to in-depth market trends helps person to assess the market effectiveness. Some of the multiple techniques used for market research include customer analysis, choice modeling, competition and risk analysis, product research, advertising the research, marketing mix modeling, simulated test marketing, and more.
Market research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps person in the decision-making process of planning and implementing strategies for their markets.

The generation of research report is concerned by most clients when purchasing it. Following general steps are taken for generating reports.
1. Choose a topic.
2. Make skeleton catalogue.
3. Fill content. As for report content, there are two main information source, Primary and Secondary data collection. Secondary data collectionrefers to information searched from the Internet or data bought from database. Primary data collection refers to information concluded from telephone interview, face-to-face interview, expert’s interview, meeting etc.
4. Audit the report
5. Publish the report.

With regard to information cost, information searching costs the least, database support the second least, and telephone interview the third least. Face-face interview cost higher, in-depth interview much higher and expert interview the highest. A research may adopt all of these approaches, or just some of them.
In general, a good-quality research report needs 1-3 months to be finished. Time and method varies according to different Publishers. Thus, it’s difficult to define an exact procedure or process of making research report. Both time and cost vary. However, specialization has become a basic industry standard. Professional and dedicated products will be more and more popular.
MarketInsightsReports has focused on various fields such as Life Science, IT, Telecommunication, Food& Beverages, Energy & Power, Automotive & Transportation, Materials& Chemicals, Financial Services and many more. These market research reports are available for all regions around the globe.
When you place an order with MarketInsightsReports, we try our best to deliver the product as soon as possible. The report will be delivered to you either by email or by physical delivery. If it’s delivered by email the order will be dispatched on the same working day or on the next working day of receipt of payment (unless otherwise specified on our website).

There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location

Please Choose License Type

USD $3750
USD $4250
USD $5500
USD $7000

Why Us

  • Why Us In-depth database
    Our Report’s database covers almost all topics of all regions over the Globe..
  • Recognised publishing sources Recognised publishing sources
    Tie ups with top publishers around the globe.
  • Customer Support Customer Support
    Complete pre and post sales support.
  • Safe & Secure Safe & Secure
    Complete secure payment process.