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Sulfolane (Tetramethylene Sulfone) Market By Type (Anhydrous Type, Aqueous Type) By Application (Gas Production and Oil Refining, Purifying Gas Streams, Fine chemical Field, Others)By Type (Anhydrous Type, Aqueous Type) By Application (Gas Production and Oil Refining, Purifying Gas Streams, Fine chemical Field, Others)- Growth, Size, Share and Competitive Analysis 2015 – 2027

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Market Insights

Sulfolane is a colorless liquid used as a solvent for chemical reactions and distillation applications. This organosulphur compound is highly soluble in water. Sulfolane is used in the purification of natural gases through a process that involves the extraction of aromatic hydrocarbons from hydrocarbon mixtures. The rising demand for such solvents in refineries and petrochemical industries is driving the Sulfolane market. The global Sulfolane market is expected to cross-market value of USD 136 million in 2027 from USD 123 million in 2020, at a 1.5% CAGR over the forecast period.

Increasing Refinery and Petrochemical Industry

Sulfolane is growing in acceptance as the solvent of choice in from oil & gas refinery industry. The increasing establishment of oil & gas refineries coupled with the strong growth in the oil & gas pipelines is expected to bolster the market. Sulfolane is primarily employed for the purification of natural gas by extraction of aromatic hydrocarbons. Sulfolane has been proved to be a very efficient solvent in the liquid-liquid extraction of aromatic compounds from mixtures of hydrocarbons. In addition, the growing demand for natural gas across Asian countries will further add to the market growth. However, concerns about the extortion of alternatives may restrict the market in the near future.

Although not concluded as a hazardous pollutant, there were some incidents traced about contamination of groundwater sources by Sulfolane. However, a study from US Federal Government is yet to be done, and the toxicology of Sulfolane is not confirmed to date. However, certain concerns related to extraction alternatives might work as a major hurdle to the growth of this industry.

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Impact of COVID 19

With reduced economic activities and the shutdown of manufacturing operations, the demand for energy was significantly reduced. With all-time low demand for oil and gas over the past decade, crude oil and natural gas prices recorded a historical low. This, in turn, compelled the oil & gas-producing countries to cut down their production. This has directly impacted the demand for Sulfolane, as the greatest demand for Sulfolane comes from the oil & gas industry. However, with the revival of the economy and manufacturing activities, demand for oil & gas is expected to be restored gradually, which in turn is likely to bring demand for Sulfolane back on track.

North America is Major Growth Engine for Global Sulfolane Market 

Sulfolane market growth is strongly supported by the consistent demand from North America on account of the growing oil & gas industry in the United States and Canada. Growing production of shale gas and a widespread network of oil & gas pipelines in the region if fueling the demand for Sulfolane in the region. The Middle East is also one of the notable regional markets for Sulfolane.

The anhydrous product type leads Global Sulfolane Market.

Anhydrous type and aqueous type are two major types of Sulfolane. Anhydrous Sulfolane was the major product type for the market in 2020. Anhydrous Sulfolane is increasingly being used as a raw material in manufacturing ink& dye, and agrochemical products. Sulfolane is one of the key additives used in the production of ink & dye and one of the important ingredients in agrochemicals such as insecticides, herbicides, and fungicides. However, over 40% share of the total revenue generated by the global Sulfolane industry was streamed from the gas production and oil refining application. Sulfolane is applied in the Gas and oil sector for refining, gas production, and lubricant extraction.

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Sulfolane manufacturers are exploring various ways of organic as well as inorganic growth strategies.

Cost Benefits offered by Sulfolane            

Sulfolane is not only an efficient solvent in the extraction of aromatic compounds from hydrocarbons but also offers economic benefits. Sulfolane is highly stable and hence can be used repetitively. It does not degrade in the form of acidic byproducts. Sulfolane regeneration has been developed in multiple ways, including distillation, adsorption, ion exchange resin column, and adsorption. When Sulfolane is used as a solvent, one can expect a comparatively low solvent-to-feed ratio. This makes Sulfolane a considerably economic solvent as compared to its peers.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Sulfolane Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Sulfolane Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Type
3.3.2.Application
3.3.3.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Sulfolane Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Sulfolane Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Sulfolane Market, by Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Anhydrous Type
6.2.3.Aqueous Type
6.3.North America Sulfolane Market, By Application, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Gas Production and Oil Refining
6.3.3.Purifying Gas Streams
6.3.4.Fine chemical Field
6.3.5.Others

7.Europe

7.1.Europe Sulfolane Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Sulfolane Market, by Type, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Anhydrous Type
7.2.3.Aqueous Type
7.3.Europe Sulfolane Market, By Application, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Gas Production and Oil Refining
7.3.3.Purifying Gas Streams
7.3.4.Fine chemical Field
7.3.5.Others

8.Asia Pacific

8.1.Asia Pacific Sulfolane Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Sulfolane Market, by Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Anhydrous Type
8.2.3.Aqueous Type
8.3.Asia Pacific Sulfolane Market, By Application, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Gas Production and Oil Refining
8.3.3.Purifying Gas Streams
8.3.4.Fine chemical Field
8.3.5.Others

9.Latin America

9.1.Latin America Sulfolane Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Sulfolane Market, by Type, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Anhydrous Type
9.2.3.Aqueous Type
9.3.Latin America Sulfolane Market, By Application, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Gas Production and Oil Refining
9.3.3.Purifying Gas Streams
9.3.4.Fine chemical Field
9.3.5.Others

10.Middle East

10.1.Middle East Sulfolane Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Sulfolane Market, by Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Anhydrous Type
10.2.3.Aqueous Type
10.3.Middle East Sulfolane Market, By Application, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Gas Production and Oil Refining
10.3.3.Purifying Gas Streams
10.3.4.Fine chemical Field
10.3.5.Others

11.Africa

11.1.Africa Sulfolane Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Sulfolane Market, by Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Anhydrous Type
11.2.3.Aqueous Type
11.3.Africa Sulfolane Market, By Application, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Gas Production and Oil Refining
11.3.3.Purifying Gas Streams
11.3.4.Fine chemical Field
11.3.5.Others

12.Global

12.1.Global Sulfolane Market, by Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Anhydrous Type
12.1.3.Aqueous Type
12.2.Global Sulfolane Market, By Application, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Gas Production and Oil Refining
12.2.3.Purifying Gas Streams
12.2.4.Fine chemical Field
12.2.5.Others

13.Company Profiles

13.1.CASIL Industries
13.2.Chevron Phillips
13.3.Liaoyang Guanghua Chemical
13.4.New Japan Chemical
13.5.Sumitomo Seika Chemical
13.6.Shell
13.7.Jinzhou Petrochemical Corporation

List of Figures

IG. 1Global Sulfolane Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Sulfolane Market Segmentation
FIG. 4Global Sulfolane Market, by Type, 2019 (US$ Bn)
FIG. 5Global Sulfolane Market, by Application, 2019 (US$ Bn)
FIG. 6Global Sulfolane Market, by Geography, 2019 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2019
FIG. 8Global Market Positioning of Key Sulfolane Market Manufacturers, 2019
FIG. 9Global Sulfolane Market Value Contribution, By Type, 2019 & 2027 (Value %)
FIG. 10Global Sulfolane Market, by Anhydrous Type, Value, 2015-2027 (US$ Bn)
FIG. 11Global Sulfolane Market, by Aqueous Type, Value, 2015-2027 (US$ Bn)
FIG. 12Global Sulfolane Market Value Contribution, By Application, 2019 & 2027 (Value %)
FIG. 13Global Sulfolane Market, by Gas Production and Oil Refining, Value, 2015-2027 (US$ Bn)
FIG. 14Global Sulfolane Market, by Purifying Gas Streams, Value, 2015-2027 (US$ Bn)
FIG. 15Global Sulfolane Market, by Fine chemical Field, Value, 2015-2027 (US$ Bn)
FIG. 16Global Sulfolane Market, by Application 4, Value, 2015-2027 (US$ Bn)
FIG. 17U.S. Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 18Rest of North America Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 19U.K. Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 20Germany Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 21France Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 22Rest of Europe Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 23Japan Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 24China Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 25India Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 26Rest of Asia Pacific Sulfolane Market, 2015-2027 (US$ Bn)
FIG. 27Middle East & Africa Sulfolane Market, 2015-2027 (US$ Bn)
Latin America Sulfolane Market, 2015-2027 (US$ Bn)

List of Tables

ABLE 1 Market Snapshot: Global Sulfolane Market
TABLE 2 Global Sulfolane Market, by Type, 2015-2027 (US$ Bn)
TABLE 3 Global Sulfolane Market, by Application, 2015-2027 (US$ Bn)
TABLE 4 Global Sulfolane Market, by Geography, 2015-2027 (US$ Bn)
TABLE 5 North America Sulfolane Market, by Type, 2015-2027 (US$ Bn)
TABLE 6 North America Sulfolane Market, by Application, 2015-2027 (US$ Bn)
TABLE 7 North America Sulfolane Market, by Country, 2015-2027 (US$ Bn)
TABLE 8 Europe Sulfolane Market, by Type, 2015-2027 (US$ Bn)
TABLE 9 Europe Sulfolane Market, by Application, 2015-2027 (US$ Bn)
TABLE 10 Europe Sulfolane Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 11 Asia Pacific Sulfolane Market, by Type, 2015-2027 (US$ Bn)
TABLE 12 Asia Pacific Sulfolane Market, by Application, 2015-2027 (US$ Bn)
TABLE 13 Asia Pacific Sulfolane Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 14 Latin America Sulfolane Market, by Type, 2015-2027 (US$ Bn)
TABLE 15 Latin America Sulfolane Market, by Application, 2015-2027 (US$ Bn)
TABLE 16 Latin America Sulfolane Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 17 Middle East Sulfolane Market, by Type, 2015-2027 (US$ Bn)
TABLE 18 Middle East Sulfolane Market, by Application, 2015-2027 (US$ Bn)
TABLE 19 Middle East Sulfolane Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 20 Africa Sulfolane Market, by Type, 2015-2027 (US$ Bn)
TABLE 21 Africa Sulfolane Market, by Application, 2015-2027 (US$ Bn)
TABLE 22 Africa Sulfolane Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 23 CASIL Industries: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Chevron Phillips: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Liaoyang Guanghua Chemical: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 New Japan Chemical.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Sumitomo Seika Chemical: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Shell: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 29 Jinzhou Petrochemical Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30 Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31 Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34 Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Frequently asked questions

What are the consequences of COVID 19 on global Sulfolane industry?

The report offers in-depth consequences of COVID 19 on global Sulfolane industry

Who are the top five players in the global Sulfolane industry?

This report enlists the top five players on the basis of volume as well as revenue

Which is the fastest growing application market for global Sulfolane industry?

This report provides details of fastest growing application market for Sulfolane industry

Which is the leading regional market for global Sulfolane industry?

The report highlights most dominating as well as fastest growing economies for Sulfolane industry

What will be the CAGR (2021 – 2027) of in global Sulfolane industry?

The global Sulfolane market report provide CAGR from 2021 to 2027

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