Future Market Insights have recently released a report on global sulphur bentonite market for the assessment period 2017-2027. A reporter has fielded some questions on the forecasted expansion of the global sulphur bentonite market on the basis of key insights included in the report.
What is your take on evolution of global sulphur bentonite market over foreseeable period?
Well, a substantial growth in production of crop yield and crop with the use of sulphur bentonite is projected to gain traction in the market over foreseeable future. According to the report, the global market for sulphur bentonite is anticipated to witness expansion at 5 % CAGR during the forecast period.
What is driving global sulphur bentonite market to gain momentum?
Increasing deficiency of sulphur in several regions such as Latin America and Asia Pacific is boosting the demand for sulphur bentonite. Major sulphur consuming country, China has showcased comparatively slow economic expansion combined with stringent regulations penetrating the permissible limit of sulphur particularly in marine fuel among other products is anticipated to increase gap between consumption and production of element sulphur at global level.
According to you, why sulphur is so expensive?
A numerous researches have verified the benefits of sulphur micronutrients to enhance the yield of number of cereals, pulses, vegetables, fruits, crops, etc. in Asia Pacific region. Further, government subsidies help promoting utilization of conventional sulphur on the basis of fertilizers such as Ammonium Sulphate (AS), Ammonium Phosphate Sulphate (APS), and SSP. However, typical fertilizers such as sulphur bentonite are non-subsidised and are available at premium rates. Additionally, sulphur bentonite is also imported from several countries such as Saudi Arabia, the US, Turkey and UAE. Thereby, increases the sulphur cost.
What is your take on applications of sulphur in agricultural sector?
Sulphur bentonite is highly utilized in harvests like cereals & crops, oilseeds, fruits & vegetables. Sulphur bentonite is utilized to increase oil content as well as to enhance yield for key oilseeds such as sunflower, soybean, groundnut, and rapeseed. Sulphur bentonite has further provided excellent results after being utilized on cereals like rice, corn, wheat as well as some other crops like pulses, cotton. Among vegetables and fruits, sulphur is being utilized to enhance taste and odor of cops such as ginger, garlic, and onions; fruits such as grapes, oranges and citrus fruits. Further, sulphur is being utilized in improvements of lawns, trees, turf as well as other recreational activities.
Why sulphur bentonite market is concentrated in APAC region?
China and India collectively represent more than two-third share of the global market. Nearly 30% of cropped soil in China is sulphur deficient. Therefore, APAC region is anticipated to witness significant demand for sulphur containing fertilizers. Governments of different countries in APAC region are channelizing efforts for stable plant nutrition. Further, subsidies are being provided to increase demand for sulphur containing fertilizers. Traditionally, the region imports sulphur from North America and Middle East.
What are the prominent players operating in the global sulphur bentonite market?
Several leading players operating in the global market have been listed in the report include Tiger-Sul Inc., Coromandel International Limited, NEAIS (National Establishment for Agricultural and Industrial Sulphur), and H Sulphur Corp. Further, some players such as Coogee Chemicals Pty Ltd., National Fertilizer Limited, and Deepak Fertilizers and Petrochemicals have consolidated their footprints in the global market.
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