Carbon Disulfide Market Top Companies, Investments, and Industry Share Values Analysis
Growing demand for cellulosic fibers and cellulose from several industries are the major driving factors of carbon disulfide market.
(firmenpresse) - Global Carbon Disulfide Market is expected to grow at a significant CAGR in the forecast period owing to the increase in demand for cellophane from packaging segment. Also known as, carbon bisulfide, carbon disulfide is a transparent, flammable, volatile and toxic liquid chemical. The chemical has wide industrial applications in manufacture, rubber rayon, cellophane, electroplating, metal rust removal, and plywood. It is also used in agriculture as a fumigant and pesticide. A significant percent of carbon disulfide occurs naturally in marshes, oceans, volcanoes, wet lands even though it is found at low concentrations as compared to industrial chemical release. Natural carbon disulfide is produced by microbes, which are adapted to low oxygen settings.
Carbon disulfide is extensively used as an accelerator in rubber vulcanization process, in manufacturing of cellophane film and viscose rayon. The chemical is a valued intermediate in chemical synthesis of carbon tetra-chloride, organosulfur compounds like xanthates, metam sodium, dithiocarbamates, which are widely used in extractive rubber and metallurgy chemistry. Carbon disulfide is also used in fumigation of airtight storage containers. The chemical has also found applications as an insecticide for the fumigation of nursery stock, grains, preserving fresh fruits and as a soil disinfectant.
Growing demand for cellulosic fibers and cellulose from several industries are the major driving factors of carbon disulfide market. The rising cost of raw materials and the application of chemicals in the production of mining chemicals is gaining popularity and is expected to grow significantly in future. The increase in demand for rayon and other fibers from the fabric and textile industry is predicted to drive the market.
Carbon disulfide is used as solvent for sulfur, bromine, selenium, iodine, phosphorus, asphalt, resin, fats, and rubber for the cleaning of carbon nanotubes. Hence, increase in the demand for nanotubes is expected to propel demand for carbon disulfide. The rise in application of chemical in agriculture end use industry is estimated to drive demand for fumigant and insecticide, which again boosts carbon disulfide market. However, carbon disulfide is hazardous to human health, which hinders the growth of market. The chemical is claimed to have neurophysiologic changes along with behavioral changes when exposed for longer period. Environmental organizations like AIHA ERPG, EPS, NIOSH, and OSHA have imposed strict laws for exposure and utility limits of carbon disulfide in several industrial products. Moreover, the substitution of rayon with lyocell that avoids using carbon disulfide in synthesis process is predicted to obstruct the growth of carbon disulfide market.
The market is categorized on the basis of applications, and geography. On the basis of application, market is divided into rubber, fiber, rayon, agriculture, packaging, pharmaceutical, food, and others. Agriculture segment registered maximum growth in the previous years, owing to extensive adoption of the compound in pesticides and fertilizers. At present, packaging industry is predicted to lead carbon disulfide market due to the rise in demand for packaging material.
Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific followed by Europe are expected to dominate carbon disulfide market in the coming years owing to increase in demand from packaging industry.
The key players in carbon disulfide market include Akzo Nobel N.V., Avantor Materials, Arkema Group, Jiangsu Jinshan Chemical Co. Ltd., Shanghai Baijin Chemical Group Co., Ltd., Manass Jinyunli Chemical Co. Ltd., PPG Industries, Inc., Univar Inc., and Alfa Aesar among others.
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Datum: 04.11.2019 - 04:02 Uhr
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