Carbon Disulfide Market to Record Sturdy Growth by 2024
Carbon
disulfide is a volatile colorless compound with molecular formula
CS2. It smells akin to ether and is generally used in the liquid
state. Carbon disulfide occurs naturally in small amounts in volcanic
eruptions. Earlier, carbon disulfide was manufactured by mixing coke
and sulfur at a high temperature. Currently, the production process
is carried out at a much lower temperature, using natural gas as
carbon source and combining it with sulfur and either silica gel or
aluminum acting as a catalyst. Carbon disulfide is used as a
fumigant, insecticide, non-polar solvent, and optical dispersant in
spectroscopes. It is also employed as building block in the
production of various chemicals. Furthermore, carbon disulfide is
used in the production of chemicals such as agricultural chemicals,
rubber chemicals, cellophane, rayon, and carbon tetrachloride.
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Production
of new chemicals such as cellophane, rayon, and carbon tetrachloride
accounts for significant share of the carbon disulfide market. Carbon
disulfide acts as building block in the production of these
chemicals. High demand in end-use industries such as food packaging,
textile, and refrigeration is expected to boost the demand for
chemicals such as cellophane, rayon, and carbon tetrachloride. This,
in turn, is anticipated drive the carbon disulfide market. Usage of
carbon disulfide as non-polar solvent is another major application.
Carbon disulfide is used as a solvent for phosphorus, sulfur,
bromine, selenium, iodine, asphalt, rubber, resin, and fats.
Asia
Pacific was the largest market for carbon disulfide in 2014. The
region accounted for significant share of the carbon disulfide market
in the year. This trend is likely to continue during the next few
years owing to growth in end-use industries in emerging economies
such as China and India. Application of carbon disulfide in the
production of various chemicals is expected to be the major market
driver in the region due to expansion in end-use industries such as
textile, food packaging, refrigeration, and agriculture in countries
such as China and India. China held the largest share of the global
carbon disulfide market in 2014.
This
trend is anticipated to continue during the forecast period. Europe
is estimated to witness a similar trend, led by presence of the
well-established food packaging industry in the region. Premium
clothing and rayon textile industries are projected to further
augment the carbon disulfide market in Europe owing to high
disposable income of consumers in the region. The food packaging
industry is likely to drive the carbon disulfide market in North
America due to stringent food packaging norms in the region. The
carbon nanotubes industry is expected to be a highly attractive
market for carbon disulfide owing to increase in research activities
related to nanomaterials in the region.
The
carbon disulfide market in Latin America is anticipated to witness
steady growth rate during the next few years owing to expansion in
textile and agriculture industries in economies such as Brazil.
Middle East & Africa is projected to be a highly lucrative market
for carbon disulfide due to expansion of textile and packaging
industries in GCC and growth in the agricultural industry in South
Africa during the forecast period.
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Major
players in the carbon disulfide market include Shanghai Baijin
Chemical Group Co., Ltd., Akzo Nobel N.V., Arkema Group, PPG
Industries, Inc., Alfa Aesar, and Univar Inc.
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