The use of the Carbon Disulfide Market
in agriculture has increased significantly. Carbon disulfide or Carbon disulfide is an organic compound mostly
used in agriculture to make dithiocarbamates, which are used as fungicides,
biocides, fumigants, soil fumigation and sterilization. Carbon disulfide or carbon bisulfide has
emerged as a critical component in the manufacture of agricultural chemicals
that assist farmers in increasing yield while preventing crop spoilage. The
market is expected to be driven in the coming years by the increasing use of
carbon disulfide for agricultural purposes over the last two decades.
According to the United States Department of Agriculture, the USDA has
announced a $250 million investment to support innovative American-made
fertilizers, providing more market options for US farmers. The Carbon Disulfide
market size is estimated to reach US$171.4 million by 2027, after growing at a
CAGR of 2.5% during the forecast period 2022-2027.
Carbon Disulfide Market: Leading Segment in Agriculture Market
On the basis of the end-use industry, the Carbon Disulfide market can be segmented into transportation, agriculture and others. The Carbon Disulfide market’s leading segment has been evaluated to be agriculture. During the forecast period 2022-2027, the agriculture segment is expected to grow with a CAGR of 3.1%. Carbon disulfide is a toxic, colorless, highly flammable chemical. Carbon disulfide is used in spectroscopes as a fumigant, insecticide, sulfur solvent, non-polar solvent, and optical dispersant. Carbon disulfide is used in the production of chemicals such as agricultural chemicals. Rising fertilizer demand in developing countries is also a significant growth driver for carbon disulfide.
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Carbon Disulfide Market: Leading Region in Asia-Pacific
On the basis of geography, the sorbitol market can be segmented into North America, South America, Europe, APAC, and ROW. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most profitable region in the market. In 2022, the Asia-Pacific region held a 42.2% share of the total revenue earned by the market globally. Asia-Pacific countries including the India and China are ahead comparatively in terms of consuming food products. According to the Ministry of Agriculture & Farmers Welfare, Total Horticulture production in 2020-21 reached a record 334.60 million tons, a 14.13 Million Ton (4.4 percent) increase over the previous year in India. The Carbon Disulfide market will also gain demand from the North American region. The U.S. and Canada are emerging as competitive countries in the sorbitol market.
Carbon Disulfide Market: Competitive Landscape
Key companies holding major shares in the Carbon Disulfide market are AkzoNobel, GFS Chemicals Inc., Arkema Inc., Shanghai Baijin Chemical Group, Avantor Materials, Shanxi Jinxinghua Chemical Co. Ltd., Maness Jinyunli Chemical Co. Ltd., Jiangsu Jinshan Chemical Co. Ltd., Shanghai Baijin Chemical Group Co. Ltd., Nouryon.
In May 2019, Nouryon expanded its carbon disulfide operations in China. Carbon Disulfide is used in the production of viscose fibers and as an intermediate in the synthesis of agricultural, rubber chemical and mining products.