The North America sulfur dioxide market is
characterized by the presence of leading global as well as local
players. Boliden Group, INEOS Group AG, Praxair Technology, Inc., The
Linde Group, Kemira Oyj, Chemtrade Logistics Inc., Calabrian
Corporation, Grillo-Werke AG, PVS Chemicals Inc., and Esseco Group
Srl are some of the prominent companies presently operational in this
market. Transparency Market Research has found that most key market
players have been establishing strong distribution and sales channels
to enhance their reach and market their products to customers across
North America.
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The sulfur dioxide market in North America was valued
at US$8.2 bn in 2015 and is projected to reach US$16.0 bn by 2024 at
a CAGR of 7.8% therein. In terms of volume, the market is expected to
expand at a CAGR of 5.2% from 2016 to 2024.
Sulfuric Acid a Key Application Segment in North
America Sulfur Dioxide Market
Based on application, sulfuric acid accounted for the
major share in the North America sulfur dioxide market, amounting to
a projected value of US$11.3 bn by the end of the forecast period.
Food preservatives, on the other hand, are likely to expand at a
rapid pace of 8.5% between 2016 and 2024 by revenue.
On the basis of end use, chemicals formed the leading
segment by revenue as well as volume, while the food and beverages
segment is anticipated to register a high CAGR by 2024. By country,
the U.S. formed the leading market for sulfur dioxide in North
America and the market is projected to amount to an estimated US$9.5
bn by the end of the forecast period.
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Predominant Use of Sulfur Dioxide as Bleaching
Agent in Pulp and Paper Industries
Sulfur dioxide has been largely used in the
production of sodium hydrosulfite, which is predominantly used as a
bleaching agent in the textile and pulp and paper industries. “The
pulp and paper industry has a strong potential for future growth
owing to the growth in the paper recycling industry,” the author of
the report points out. “The paper recycling process requires
bleaching, which in turn, paves the way for enhanced production of
sulfur dioxide in North America.”
The soaring demand for sulfuric acid is also a
prominent factor driving the market in North America. Sulfur dioxide
forms an important component in the production of sulfuric acid,
which has been witnessing significant demand, especially in
developing countries majorly dependent on agriculture. Fertilizers
used in agriculture accounted for about 50% of the global sulfuric
acid consumption in 2014, TMR finds.
Environmental and Health Issues Related to Sulfur
Dioxide a Major Deterrent
Increasing environmental and health concerns
regarding the use of sulfur dioxide has limited the growth of the
market in North America. “Prolonged exposure to sulfur dioxide
adversely affects the lungs and may also result in burning sensation
of the nose and throat, breathing difficulties, and obstruction of
the airway in severe cases,” the lead analyst points out.
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Moreover, acid rain – a key component of which is
sulfuric acid – causes deforestation, acidifies waterways, causes
harm to aquatic life, and corrodes building materials and paints.
This is also a prominent threat to the sulfur dioxide market.
This review is based on the findings of a TMR report
titled “Sulfur Dioxide Market - North America Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
Sulfur Dioxide Market: By End Use
- Chemicals
- Textiles
- Food & Beverages
- Others
Sulfur Dioxide Market: By Application
- Sulfuric Acid
- Bleaching Agent
- Refrigerating Agent
- Food Preservative and Antioxidant
- Others
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