According to a report by Grand View Research, Inc., global carbon disulfide market is anticipated to value USD 165.1 million by 2025. Growing requirement for fertilizers and textiles attributed to increasing population globally is anticipated to propel demand for carbon disulfide. This carbon disulfide is likely to be colorless, toxic, and highly inflammable. It can be used to make various products such as cellophane, tetrachloride, fertilizers, and viscose rayon.
Traces of carbon disulfide can be found in nature, which get released to earth’s surface from volcanic eruptions and over marshes. In addition, micro-organisms found in soil can also produce gases containing carbon disulfide (CS2). Moreover, commercially it can be produced through chemical reaction between sulfur and carbon at high temperature.
Full Research Report On Carbon Disulfide Market Analysis:
High High demand for cellophane in packaging is anticipated to propel growth of market over next few years. In addition, increasing use of fertilizers to produce high yield can influence market growth in the forthcoming years. Moreover, growing adoption of CS2 as catalyst among rubber and textile manufacturing companies can spur growth of market during the forecast period (2014 to 2025).
To cater to rising demand for carbon disulfide, most manufacturing companies and research institutes are focusing on R&D investments to develop advanced applications using CS2 as raw material. For instance, a team of researchers at Leibniz institute of photonic technology (Leibniz IPHT) in Jena recently produced broadband laser light in mid-infrared range using liquid filled optical fibers. Researchers are expected to pump hybrid waveguide with ultrafast, intense laser pulse to produce broad light spectrum in near and mid-infrared range not visible to human eye.
Unique characteristics of liquid fiber core can break light pulse into solitons (multitude of light waves with different wavelengths). These solitons can form supercontinuum light source offering applications in spectroscopy, medical imaging, and measurement technology. Fiber core is estimated to be filled with carbon disulfide that can offer high refractive index. When polarized light is passed through fiber core, carbon disulfide molecules orient themselves along electromagnetic field of light. This process can be described as optical memory effect and it can reduce fluctuations in spectral bandwidth of supercontinuum light source.
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The carbon disulfide market can be segregated on the basis of application and region. Based on application, the market can be categorized into fibers, rubber, agriculture, pharmaceuticals, packaging, and rayon. Rubber application segment is predicted to witness market growth and amount USD 15 million by 2025. Increasing use of carbon disulfide as catalyst in rubber vulcanization can spur market growth.
In addition, packaging segment is likely to witness significant growth attributed to increasing use of cellophane. Moreover, fiber segment can contribute for fast growth of market over the forecast period attributed to increasing use of carbon disulfide in textile sector. It can be used as catalyst in production of fibers.
Regional segmentation includes North America, Europe, Asia Pacific, Central & South America, and Middle East and Africa. In 2016, Asia Pacific region dominated the market and accounted for 34.5% of market share in terms of revenue. Countries such as Australia and China are expected to hold major share. Supportive government policies and legislations are likely to spur growth of market in these countries. High demand for cellophane among Chinese manufacturers can stimulate market growth in this region.
In addition, Europe emerged as second largest region by revenue in 2016. Rising import activities of carbon disulfide coupled with growing adoption of rubber business are likely to fuel growth of market in this region over the forecast period.
Moreover, North America faced slump in market growth during past few years attributed to stringent government regulations towards use of compound, especially in fertilizers. However, increasing use of cellophane in United States can fuel market growth in the region over next few years.
Some of the leading companies offering carbon disulfide are GFS Chemical, Akzo Nobel, Merck KGaA, Avantor Performance, and Arkema. Being by-product, carbon disulfide can be produced by several large scale chemical companies for internal use. It can be used to produce carbon tetrachloride that can find applications ranging from fire extinguishers to cleaning.
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