Global Sulfolane Market Growth 2023-2029

Global Sulfolane Market Growth 2023-2029

Sulfolane (also Tetramethylene Sulfone) is a type of man-made liquid industrial solvent with good heat stability. It is a colorless and transparent liquid, mainly used in aromatics extraction, gas desulfurization, pharmaceutical intermediates, organic chemical solvents and other fields.

LPI (LP Information)' newest research report, the “Sulfolane Industry Forecast” looks at past sales and reviews total world Sulfolane sales in 2022, providing a comprehensive analysis by region and market sector of projected Sulfolane sales for 2023 through 2029. With Sulfolane sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sulfolane industry.

This Insight Report provides a comprehensive analysis of the global Sulfolane landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sulfolane portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sulfolane market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sulfolane and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sulfolane.

The global Sulfolane market size is projected to grow from US$ 99.4 million in 2022 to US$ 125.8 million in 2029; it is expected to grow at a CAGR of 125.8 from 2023 to 2029.

Chevron Phillips Chemical Company(US) and Liaoyang Guanghua Chemical(CN) are the top 2 players of Sulfolane, with about 61% market shares.

China is the largest consumer of Sulfolane, with a sales market share nearly 39%. USA is the second largest consumer of Sulfolane, enjoying sales market share nearly 20%.

This report presents a comprehensive overview, market shares, and growth opportunities of Sulfolane market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Anhydrous Type

Aqueous Type

Segmentation by application

Gas Production and Oil Refining

Purifying Gas Streams

Fine Chemical Field

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Chevron Phillips Chemical Company(US)

Sumitomo Seika Chemical(JP)

New Japan Chemical(JP)

CASIL Industries(IN)

Liaoyang Guanghua Chemical(CN)

Liaodong Fine Chemical(CN)

Jinzhou Petrochemical Corporation(CN)

Changle Haizhou Chemical(CN)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Sulfolane market?

What factors are driving Sulfolane market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Sulfolane market opportunities vary by end market size?

How does Sulfolane break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.