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Global Carbon Disulfide Market Share is expected to grow at a CAGR of around 4.5% by 2028

03-May-2022 | Facts and Factors

According to the Facts & Factors report, the global carbon disulfide market was worth about 758.8 (USD million) in 2021 and is predicted to grow to approximately 1100 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 4.5%.

Carbon disulfide (CS2) is a colorless to light yellow organic solvent with a disagreeable odor. It is used in spectroscopy as a fumigant, insecticide, non-polar solvent, and optical dispersant. Carbon disulfide is primarily used as a raw material to manufacture various products such as cellophane carbon tetrachloride, fertilizer, and viscous rayon with functional properties such as high flammability and insolubility in water. Furthermore, impure CS2 is a yellowish liquid with a pungent odor that is widely used in various industrial operations. Carbon disulfide traces are found on the earth's surface as a result of volcanic eruptions, and it is commercially produced through the reaction of sulfur and carbon at high temperatures.

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Browse the full “Carbon Disulfide Market By Purity (Pure and Impure), By Application (Agriculture, Pharmaceuticals, Packaging, Rubber, Rayon, and Fibers), and By Region-Global and Regional Industry Trends, Competitive Intelligence, Analysis of Data, Statistical Data, and Forecasts 2022–2028" report at https://www.fnfresearch.com/carbon-disulfide-market

The growing demand for carbon disulfide in the manufacturing of cellophane drives segment growth in the packaging sector. The continued use of CS2 as a substitute for ammonia fertilizers is anticipated to drive the global carbon disulfide market over the forecast time frame. Furthermore, an increase in the use of CS2 to protect fruits from insects and fungus is expected to fuel its demand in the food industry. However, government restrictions on the use of carbon disulfide due to its negative health effects such as migraines and confusion are expected to slow market growth. Nonetheless, new collaborations and technology transfers among industry participants are expected to boost the global carbon disulfide market size.

The global carbon disulfide market is segmented on the basis of purity, application, and region. By purity, the market is divided into pure and impure. Impure carbon disulfide is most commonly used in industrial processes. By application, the market is divided into agriculture, pharmaceuticals, packaging, rubber, rayon, and fibers. The carbon disulfide market is led by the rubber application, which is growing at a CAGR of 4.4 percent. In the process of vulcanization of rubber, carbon disulfide is used as an accelerator. Rubber demand for non-tire products is increasing as a result of rising vehicle production, which is driving the market growth for carbon disulfide.

Because of rising carbon disulfide production and consumption, as well as favorable legislation and government policies in the region, Asia Pacific dominates the global carbon disulfide market. Europe is expected to have the highest growth rate during the forecast period of 2022 to 2028, owing to significant import activity of carbon disulfide as well as widespread adoption in the rubber industry in the region.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 758.8 Million

Projected Market Size in 2028

USD 1100 Million

CAGR Growth Rate

4.5% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

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, and Manass Jinyunli Chemical Co. Ltd., among others

Key Segment

By Purity, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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Some of the global carbon disulfide players 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., Liaonian Ruixing Chemical, Seidler Chemical Co., Tedia, Avantor Performance Materials, Inc., Nouryon, Alfa Aesar, and Manass Jinyunli Chemical Co. Ltd.

Recent Development:

  • March 2022: Tedia Company, LLC announced that they have formed a strategic partnership with NewHold Enterprises, LLC. Tedia is North America's largest manufacturer of OEM high-purity solvents, with products sold in over 30 countries for life science, pharmaceutical, biotechnology, and laboratory applications.
  • November 2021: Avantor, Inc. a global provider of mission-critical customers' needs in the life sciences and technologically advanced & applied materials industries, has completed the previously announced acquisition of Antylia Scientific's Masterflex bioprocessing business and related assets from investment firms GTCR and Golden Gate Capital.

The global carbon disulfide market is segmented as follows:

By Purity

  • Pure
  • Impure

By Application

  • Agriculture
  • Pharmaceuticals
  • Packaging
  • Rubber
  • Rayon
  • Fibers

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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