Global Carbon Disulfide Market to Reach USD 226.9 Million by 2032
In the latest market survey by Future Market Insights, the global carbon disulfide market is thriving with a market valuation of USD 170.5 million in 2022, poised for significant expansion with a projected Compound Annual Growth Rate (CAGR) of 2.9% from 2022 to 2032. Forecasts suggest that the market is expected to reach a substantial valuation of USD 226.9 million by the conclusion of the forecast period. This growth underscores the sector’s potential for sustained development, reflecting a positive trajectory in the coming years.
Carbon disulfide (CS2) is a colorless, volatile liquid
with a distinct sweet odor, and it plays a crucial role in various industrial
applications. As a key chemical compound, carbon disulfide is produced through
the reaction of sulfur vapor and hot charcoal, making it an essential component
in the manufacturing sector. The global carbon disulfide market has witnessed
steady growth, driven by its diverse applications across industries such as
textiles, agriculture, and chemical manufacturing.
Key Drivers of Growth:
1.
Textile Industry Expansion: A
significant driver of the carbon disulfide market is its extensive use in the
production of viscose rayon, a synthetic fiber widely used in the textile
industry. As the global textile market continues to grow, particularly in
developing economies, the demand for carbon disulfide is expected to rise.
2.
Agricultural Applications: Carbon
disulfide is utilized in soil fumigation, protecting crops from harmful pests
and diseases. The growing emphasis on sustainable agriculture and the need for
efficient pest control methods are contributing to the increased adoption of
carbon disulfide in the agricultural sector.
3.
Chemical Manufacturing: The
chemical industry relies on carbon disulfide for the synthesis of various
chemicals, including rubber accelerators, flotation agents, and dyes. With the
expansion of chemical manufacturing activities globally, the demand for carbon
disulfide is likely to surge.
4.
Technological Advancements: Ongoing
research and development efforts are leading to the discovery of new
applications for carbon disulfide, expanding its market potential. Innovations
in production processes and sustainability initiatives are expected to further
drive market growth.
Top Key Players in the Carbon Disulfide
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
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
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