In the latest market survey by Future Market Insights, the global carbon disulfide market is thriving with a market valuation of US$ 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 US$ 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.
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Key Drivers of Growth:
- 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.
- 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.
- 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.
- 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
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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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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