According to the latest market survey conducted by Future Market Insights, the global carbon disulfide market exhibited a market valuation of US$ 170.5 million in 2022 and is poised for continued growth, with a projected Compound Annual Growth Rate (CAGR) of 2.9% during the 2022-2032 period. Anticipated to reach a valuation of US$ 226.9 million by the end of the forecast period, the market shows promising potential for expansion in the coming years.
The global carbon disulfide market is a vital segment of the chemical industry, playing a significant role in various industrial applications. Carbon disulfide (CS2) is a colorless, highly flammable chemical compound with a sweet, ethereal odor. It is primarily produced through the reaction of sulfur vapor with hot charcoal. Carbon disulfide has several industrial applications, and its market is expected to witness substantial growth in the coming years.
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Market Trends:
- Growing Chemical Industry: The expansion of the chemical industry, particularly in emerging markets, is driving the demand for carbon disulfide. Increased chemical production and innovation contribute to the growth of this market.
- Rubber and Textile Industry: The rubber and textile industries are major consumers of carbon disulfide. As these industries continue to grow, the demand for carbon disulfide in vulcanization and textile manufacturing processes is on the rise.
- Environmental Concerns: Environmental regulations and concerns regarding the use of carbon disulfide due to its toxicity and flammability have led to research and development of safer alternatives. However, the market continues to grow, as alternatives are yet to replace it completely.
- Research and Development: Continuous research and development efforts are aimed at improving the production and handling of carbon disulfide to address safety and environmental concerns. These efforts are expected to boost market growth.
Top Key Players in the Market
- 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
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Market Segmentation
By Purity:
- Pure
- Impure
By Application:
- Rubber
- Rayon
- Fibre
- Cleaning Carbon Nanotubes
- Perfumes
- Cellophane
- Others
By End-User:
- Pharmaceutical
- Agricultural
- Textile
- Packaging
- Cosmetics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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