• July 20, 2024

Global Carbon Disulfide Market Size, Share, Trends & Industry Growth Analysis Report to 2030

The global carbon disulfide market size was evaluated at $10 billion in 2022 and is slated to hit $17 billion by the end of 2030 with a CAGR of nearly 8.8% between 2023 and 2030.

The volatile, colorless, pale yellow liquid known as carbon disulfide has an offensive stench. In addition, the substance is used as an optical dispersant in spectroscopy, fumigant, non-polar solvent, and pesticide.

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Overview of the Carbon Disulfide Market

Benefiting from properties like strong flammability and insolubility in water, the product is used as a raw material to make viscous rayon, cellophane, fertilizer, and carbon tetrachloride. On the surface of land where volcanic eruptions have taken place, residues of carbon disulfide have been detected. Extreme temperature interactions between carbon and sulfur are used in the commercial manufacturing of the product.

Crucial Findings

• Our research analyst’s analysis indicates that during the forecast period (2023–2030), the worldwide carbon disulfide market is expected to develop at a rate of about 8.8% per year.

• The global market for carbon disulfide was estimated to be worth approximately $10 billion in sales in 2022 and is projected to grow to $17 billion by 2030.

• Because of the increasing need for carbon disulfide in the production of cellophane, which is used in packaging operations, the global market for carbon disulfide is projected to rise fast throughout the forecast period.

➤ extensive usage of the product in the production of cellophane to support worldwide market trends

Global carbon disulfide market growth will be accentuated by the increasing demand for carbon disulfide in the production of cellophane, which is utilized in packaging operations. In addition, the product’s effectiveness as the best ammonia fertilizer substitute is anticipated to support global market growth patterns in the upcoming years. Furthermore, a significant increase in the need for the product in the food industry due to its ability to shield crops from insects and algal infections would fuel the product’s global market expansion. The industrialized world’s enormous demand for agricultural output is the result of a massive need for the product. Every business has been impacted by tactics like the introduction of new products and the creation of strategic alliances, and the carbon disulfide sector is no exception. For example, Tedia Company and New Hold Enterprises partnered in the first half of 2022 to produce OEM high-purity solvents for a range of industries, including life sciences and pharmaceuticals.

➤ Strict enforcement of toxicity-related product use restrictions will stop the worldwide industry’s growth

It is predicted that strict government regulations pertaining to the usage of carbon disulfide, which have been linked to negative health consequences like headaches, will impede the expansion of the global market for carbon disulfide.

➤ Joint ventures and strategic partnerships to expand the worldwide market’s growth prospects

It is expected that new partnerships and technology exchanges between major players would open up new growth opportunities for the global carbon disulfide market. For example, Nouryon Corporation expanded a major Indonesian product manufacturer’s product range at its Sumatra manufacturing facility by transferring carbon sulfide manufacturing technology to it in the first quarter of 2019.

➤ Rising raw material costs will significantly alter the worldwide industry’s growth trajectory between 2023 and 2030

The global carbon disulfide sector is facing significant challenges as a result of regulatory regulations that have increased the cost of raw materials and product sales, as well as disruptions in supply chain activities.

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The Global Carbon Disulfide Market is segmented based on product, application and region

Global Carbon Disulfide Market: Product Segment Analysis

● Pure

● Impure

Global Carbon Disulfide Market: Application Segment Analysis

● Rubber

● Rayon

● Fiber

● Pharmaceuticals

● Agriculture

● Packaging

The global carbon disulfide market profiles key players such as:

● GFS Chemicals Inc.

● Jiangsu Jinshan Chemicals Company Limited

● Arkema Group

● Akzo Nobel N.V.

● Avantor Performance Materials Inc.

● Merck KGaA

● Tedia

● Shanghai Baijin Chemical Group Co. Ltd.

➤ Over the projected period, Asia-Pacific is estimated to maintain its top spot in the worldwide carbon disulfide market

Over the anticipated period, Asia-Pacific, which generated over 33% of the revenue from the global carbon disulfide market in 2022, will emerge as a key region. Furthermore, an increase in the product’s use in rayon applications in nations like China and India may have an impact on the growth of the regional market. China is reportedly the world’s biggest manufacturer of packaging materials and the world’s biggest consumer of cellophane. This feature is probably going to help the market grow in the area. In the near future, favorable government policies will also direct the growth of the local market.

The carbon disulfide industry in North America is expected to grow at the quickest rate in the next years due to the presence of major players in the region. Furthermore, regional industrial trends will be shaped by an increase in the product’s use in the production of fertilizer. A thriving packaging industry is expected to make a substantial contribution to the expansion of the regional market in the years to come.

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