According to the latest market survey conducted by Future Market Insights, the global Carbon Disulfide market is relishing a market valuation of US$ 170.5 Million in 2022, and all are set to expand with a CAGR of 2.9% during the 2022 to 2032 period. The market is anticipated to top a valuation of US$ 226.9 Million by the end of the forecast period.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 170.5 Million |
| Market Size 2032 | US$ 226.9 Million |
| Value CAGR (2022 to 2032) | 2.9 % |
| Collective Value Share: Top 3 Countries (2022E) | 35% to 40% |
Carbon disulfide is a Colourless and flammable compound, that has the chemical formula CS2. It usually takes the form of liquid and has an ether-like odor. Volcanic eruptions contain trace amounts of carbon disulfide. Previously, coke and sulfur were heated together to create carbon disulfide.
The manufacturing process is currently carried out at a slightly lower temperature, using natural gas as the carbon source, sulfur, and either aluminium or silica gel as the catalyst. Carbon disulfide is employed in spectroscopes as an optical dispersion, fumigant, pesticide, and non-polar solvent. Additionally, it serves as a fundamental component in the production of other compounds.
Additionally, it serves as a feedstock for the manufacture of carbon tetrachloride. In the food industry, carbon disulfide is utilized in the extraction of the solvent of growth inhibitors as well as to shield fresh produce from bugs and fungus during shipping. Other uses include the cold vulcanization of rubber and the production of xanthates, resins, and accelerators for the rubber industry.
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Over the period covered by the study (2016-2021), the market for Carbon Disulfide was recorded to grow at a phenomenal CAGR of 2.1 % between 2016 and 2021, mostly due to the increasing demand for rayon and other cellulosic fibers from textile and industry.
Whereas, as per the latest survey conducted by FMI, the carbon disulfide market is expected to progress at a CAGR of 2.9% between 2022 and 2032. Rising demand for carbon nanomaterials, particularly carbon nanotubes, is anticipated to create demand for carbon disulfide as rubber, phosphorus, sulfur, bromine, asphalt, resin, selenium, iodine, and fats are all dissolved in carbon disulfide and used as a cleaning solvent.
The usage of carbon disulfide for agrochemical production.
Carbon disulfide is mostly utilized in the agricultural industry to produce dithiocarbamates, biocides, fungicides, and fumigants. Metam sodium (N-methyldithiocarbamate), which is largely utilized in soil sterilization and fumigation, is the main chemical produced from carbon disulfide. It is made when caustic, methyl methacrylate (MMA), and carbon di Sulfide reacts.
These substances are frequently used to grow tomatoes and potatoes at home and in the garden. The increasing use of carbon disulfide in agriculture is anticipated to fuel market expansion.
Increasing demand from the Pharmaceutical industry.
Carbon disulfide is primarily used in the pharmaceutical sector to produce a number of medicines and intermediates. Additionally, it is used as a fumigant to get rid of insects in cereals, grains, pulses, and other products that are kept in storage.
Most insects are poisoned by carbon disulfide fumes at concentrations of 100 ppm or more, while mammals and people are unaffected. Due to the abovementioned facts, it is expected that the pharmaceutical industry will create opportunities for carbon disulfide in the future.
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Cellulose Fiber is the most preferred application segment due to rising demand from a variety of sectors for cellulose and cellulose fibres. Cellophane, a transparent substance used in many industries, is produced when cellulose from materials like wood, plants, or cotton is dissolved in alkali and carbon disulfide.
The packaging industry uses cellulose extensively in the form of products including sheets, boards, cellophane, and moulded cellulose. The market is expected to grow at a faster rate in the near future owing to increasing demand for cellulose fibre.
North America is the leading Carbon Disulfide consumer, holding the majority of shares approximately 40-45% in global revenue in 2022, Due to the region's stringent food and packaging standards, demand for packed food is the major factor that augments the market growth. The well-developed textile and clothing industry and the region’s high disposable income are expected to increase the sales of Carbon Disulfide among the growing Textile industry, thus creating a lucrative opportunity for the carbon disulfide market in the North American region
The market is expected to expand at the fastest rate in the Asia Pacific. India and China have the fastest-growing end-use industries such as textiles, food packaging, agriculture, and refrigeration. The increasing chemical production and application of carbon disulfide in various chemicals is expected to be the major driver in the region.
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Product differentiation, mergers, and acquisitions are important techniques used by industry participants to improve their profitability and foster industry growth in the near term. These players have a solid manufacturing foundation and intend to increase their current production capacities to meet the demand. For instance,
A similar development has been tracked by Future Market Insights in its latest market study.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 2.9 % from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Purity, Application, End-User, Region |
| Regions Covered |
North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa |
| Key Countries Covered |
USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN Countries, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Companies Profiled |
Jiangsu Jinshan Chemical Co. Ltd.; Parchem Fine & Specialty Chemicals; Arkema Group; Shanghai Baijin Chemical Group Co. Ltd.; GFS Chemicals Inc.; Merck KGaA; ShanXi Jinxinghua Chemical Co. Ltd.; Akzo Nobel N.V.; Liaonian Ruixing Chemical; Seidler Chemical Co.; Tedia; Avantor Performance Materials Inc.; Nouryon; Alfa Aesar; Manass Jinyunli Chemical Co. Ltd. |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global Carbon Disulfide market reached over US$ 170.5 Mn
During the forecast period, the global Carbon Disulfide market is estimated to expand at a CAGR of 2.9% during 2022-2032.
The global Carbon Disulfide market is projected to reach US$ 226.9 Mn by the end of 2032.
The key players operating in the Carbon Disulfide market are Jiangsu Jinshan Chemical Co. Ltd., Parchem Fine & Specialty Chemicals, Arkema Group, Shanghai Baijin Chemical Group Co. Ltd., GFS Chemicals Inc., Merck KGaA, ShanXi Jinxinghua Chemical Co. Ltd., Akzo Nobel N.V., Liaoning Ruixing Chemical, Seidler Chemical Co., Tedia, Avantor Performance Materials Inc., Nouryon, Alfa Aesar, Manass Jinyunli Chemical Co. Ltd. and various others.
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Carbon Disulfide Market
