Sudan's gross domestic expenditure on research and development (GERD) as a share of GDP was 0.3 percent in 2022. Overall, the share has been constant since 2020. In absolute terms, the country spent 550 million U.S. dollars on R&D in 2022.
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According to Cognitive Market Research, the global Industrial Grade Sulphur Market size will be USD 10215.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 4086.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3064.6 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2349.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 510.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 204.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The Solid category is the fastest growing segment of the Keratin industry
Market Dynamics of Industrial Grade Sulphur Market
Key Drivers for Industrial Grade Sulphur Market
Expanding Chemical Industry to Boost Market Growth
Industrial-grade sulphur plays a critical role in the chemical industry as a key input for manufacturing sulphuric acid, a fundamental compound used in producing detergents, synthetic fibers, and various industrial chemicals. The U.S. chemical sector, which contributes over a quarter of the country’s GDP, underpins the production of nearly all commercial and household goods, serving as a driving force for economic growth. As the world’s second-largest chemical producer, the U.S. accounts for 13% of global chemical output. Additionally, the chemical industry is America’s leading export sector, representing more than 9% of the nation’s exports. The rising demand for specialty chemicals, such as paints, coatings, and adhesives, further propels sulphur consumption, particularly in emerging markets experiencing rapid industrial growth.
Urbanization and Infrastructure Development to Drive Market Growth
Sulphur derivatives are essential components in cement and other construction materials. The accelerating pace of urbanization, particularly in developing regions such as Asia Pacific and Africa, is driving increased demand for sulphur-based products to support large-scale infrastructure development. In 2021, state and local governments in the U.S. allocated $218.5 billion toward transportation and infrastructure projects, accounting for 56% of total government spending in this area, excluding federal transfers. The Infrastructure Investment and Jobs Act, signed into law by President Biden in November 2021, authorized $1.2 trillion in transportation and infrastructure funding, with $550 billion dedicated to new investments. Additionally, the adoption of sulphur-modified asphalt as a sustainable and environmentally friendly material for road construction is further fuelling market growth.
Restraint Factor for the Industrial Grade Sulphur Market
Environmental and Regulatory Challenges Will Limit Market Growth
The industrial-grade sulphur market faces significant scrutiny due to environmental concerns related to sulphur dioxide (SO?) emissions during its extraction and processing. Stricter global regulations on emissions add compliance costs and operational challenges for producers. Sulphuric acid production and other sulphur-related processes generate waste materials that require careful management. The cost and complexity of waste disposal deter some industries from adopting sulphur-intensive processes. Sulphur is often transported in bulk, requiring specialized containers and infrastructure to prevent contamination and maintain product quality. This adds significant costs, especially for exporters and importers in remote areas.
Impact of Covid-19 on the Industrial Grade Sulphur Market
Lockdowns, restrictions on transportation, and workforce shortages caused delays in sulphur production, distribution, and exports. The demand for sulphur-based fertilizers was temporarily affected by disruptions in farming activities, labor shortages, and reduced international trade in agricultural products. ...
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Sudan's gross domestic expenditure on research and development (GERD) as a share of GDP was 0.3 percent in 2022. Overall, the share has been constant since 2020. In absolute terms, the country spent 550 million U.S. dollars on R&D in 2022.