The last couple of years might not have been the greatest for businesses across the globe, but with liquidity flowing back into both the US and the Euro zone, it is believed that the next few years will see a path that will put economies back in growth position.
We reckon it’s easier said than done, but let’s learn from the sulphur market where industry experts predict that it will hit the 71.3 million metric tons by 2015 — many saying that this might be on the conservative side of things. If the recovery and growth story is far brighter, then the final numbers might be a lot higher than the projected ones.
It is understandable that when it comes to metals and minerals, the market experts are a tad bit circumspect as there seems to be an element of volatility. Prices of both metals and minerals is going one way one morning and another the next.
Yet, the growing demand for sulphur mainly comes from the Asia-pacific region with China being one of its biggest markets in the region. The other strong holds for the Sulphur industry include South-East Asian countries and even the ones in Middle East. This vibrant new market with plenty of room for growth has meant that there is a constant demand for sulphur.
One of the major aspects surrounding the uses of sulphur is environmental in nature as pollutants like hydrogen sulphide, sulphur dioxide, and sulphur trioxide have been deemed as serious threats to ecosystems and hence the use of sulphur and its bi-products has been curtailed by stringent legislations in many countries.
While 2008 and 2009 saw turbulence in pricing in the sulphur market, growing demand and reduced supply has meant that there is plenty of scope for suppliers in the years to come. Industries such as agrochemicals, petroleum refining and metal mining are expected to be the ones to offer the biggest boost for sulphur market.