Carbon Disulfide Market Size, Share, Analysis, Trends, Growth Report, 2030

Carbon Disulfide Industry Prospective:

The global carbon disulfide market size was evaluated at $10 billion in 2022 and is slated to hit $17 billion by the end of 2030 with a CAGR of nearly 8.8% between 2023 and 2030.

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Carbon Disulfide Market: Overview

Carbon disulfide is a colorless light yellow volatile liquid having an unpleasant odor smell. Moreover, the product finds application as an insecticide, non-polar solvent, fumigant, and optical dispersant in spectroscopy. With its beneficial features such as water insolubility and high flammability, the product finds application as a raw component for producing fertilizer, carbon tetrachloride, cellophane, and viscous rayon. Carbon disulfide traces can be found on the surface of land where volcanic eruptions have occurred. The product is commercially manufactured through carbon and sulfur reactions at extreme temperatures.

Key Insights

• As per the analysis shared by our research analyst, the global carbon disulfide market is projected to expand annually at the annual growth rate of around 8.8% over the forecast timespan (2023-2030)
• In terms of revenue, the global carbon disulfide market size was evaluated at nearly $10 billion in 2022 and is expected to reach $17 billion by 2030.
• The global carbon disulfide market is anticipated to grow rapidly over the forecast timeline owing to the growing need for carbon disulfide in cellophane production used in packaging activities.
• In terms of application, the rubber segment is slated to register the highest CAGR over the analysis period.
• Region-wise, the North American carbon disulfide industry is projected to register the fastest CAGR during the assessment timeline.

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Carbon Disulfide Market: Growth Factors

Massive use of product in cellophane manufacturing to boost global market trends

Growing need for carbon disulfide in cellophane production used in packaging activities will embellish the growth rate of the carbon disulfide market across the globe. Furthermore, the utility of the product as a best substitute for ammonia fertilizers is expected to boost the global market growth trends over the coming years. In addition to this, a prominent demand for product in protecting fruits from algae infection and insects will spike its use in the food sector, thereby driving the global market expansion. Massive need for agricultural produce has culminated into humungous demand for the product in the developed countries. Strategies such as new product launches and strategic alliance formation have influenced every industry and the carbon disulfide industry is no exception to this. For instance, in the first half of 2022, Tedia Company and New Hold Enterprises joined hands with a view of producing OEM high-purity solvents for various industries such as pharmaceutical and life sciences.

Carbon Disulfide Market: Restraints

Strict enforcement of regulations related to product use due to toxicity will halt the global industry expansion

 Stern government policies associated with the use of carbon disulfide due to its side effects on human health such as headaches are anticipated to retard the growth of the global carbon disulfide industry.

Carbon Disulfide Market: Opportunities

Strategic alliances and joint ventures to open new growth horizons for the global market

New alliances and technology transfer taking place between key players is anticipated to create new growth avenues for the global carbon disulfide market. For instance, in the first quarter of 2019, Nouryon Corporation transferred carbon sulfide manufacturing technology to a key product manufacturer in Indonesia, thereby expanding the latter’s product line at its manufacturing unit in Sumatra.

Carbon Disulfide Market: Challenges

Surging raw component costs to pose a huge change in the growth path of the global industry over 2023-2030

Rise in the raw material costs and product sales due to government restrictions along with disruption in supply chain activities has created a big hurdle in the expansion of the global carbon disulfide industry.

Carbon Disulfide Market: Segmentation

The global carbon disulfide market is sectored into application and region.        

In type terms, the global carbon disulfide market is segregated into rubber, agriculture, rayon, fiber, pharmaceuticals, and packaging segments. Furthermore, the rubber segment, which gathered nearly two-thirds of the global market revenue share in 2022, is projected to register the highest CAGR in the upcoming years. The growth of the segment in the forecasting timespan can be owing to the massive use of the product in rubber vulcanization procedures for many years.

Carbon Disulfide Market: Report Scope

Carbon Disulfide Market: Regional Insights

Asia-Pacific is anticipated to retain numero uno position in the global carbon disulfide market over the expected timespan

Asia-Pacific, which contributed about 33% of the global carbon disulfide market revenue in 2022, will be a leading region over the projected timeline. Furthermore, the regional market growth can be subject to a rise in product use in rayon applications in countries such as India and China. Reportedly, China is the largest producer of packaging material across the world and the largest market for cellophane. This aspect is likely to boost the expansion of the market in the region. Furthermore, supportive government laws will further steer the expansion of the regional market in the coming future.

North American carbon disulfide industry is set to register the fastest CAGR in the next couple of years owing to the presence of key players in the region. Moreover, a rise in the use of the product in fertilizer production will drive regional industry trends. Thriving packaging sector will contribute lucratively towards the regional market size in forecasting years.

 Carbon Disulfide Market: Competitive Space

The global carbon disulfide market profiles key players such as:

• GFS Chemicals Inc.
• Jiangsu Jinshan Chemicals Company Limited
• Arkema Group
• Akzo Nobel N.V.
• Avantor Performance Materials Inc.
• Merck KGaA
• Tedia
• Shanghai Baijin Chemical Group Co. Ltd.

The global carbon disulfide market is segmented as follows:

By Application

• Rubber
• Rayon
• Fiber
• Pharmaceuticals
• Agriculture
• Packaging

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa