Insoluble Sulfur Market to Exceed USD 1,249.9 Million by 2032: Astute Analytica [Yahoo! Finance]
Eastman Chemical Company (EMN)
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Source: Yahoo! Finance
Rising global demand for high-performance tires and electric vehicles, coupled with Asia Pacific's reliance on fossil fuels, drives inorganic sulfur consumption (71.5% share) in this market. New Delhi, May 06, 2024 (GLOBE NEWSWIRE) -- The global insoluble sulfur is poised for significant expansion, with a projected market size of US$ 1,249.9 million by 2032. This represents a substantial leap from US$ 917.1 million in 2023, reflecting a healthy CAGR of 3.5% during the 2024-2032 forecast period. The United States plays a dominant role, ranking second globally in sulfur production with an estimated 8.6 million metric tons in 2023. Notably, around 93% of this production is recovered elemental sulfur. However, the U.S. also boasts the title of one of the top sulfur consumers, reaching nearly 10 million metric tons in the same year. Sulfuric acid production is a major culprit behind this high sulfur consumption. In fact, the U.S. leads the world in producing this essential industrial m
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EMN
Earnings
- 4/25/24 - Beat
EMN
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 144
- EMN's page on the SEC website