Tire manufacturers all over the globe are under intense pressure from regulators and consumers to produce more fuel-efficient tires. Due to global automotive manufacturers' competitive pricing, consumers have increased their spending in developing countries. This is supported by increasing penetration of radicalized tires in passenger and commercial vehicles. This would increase the importance for Insoluble sulfur to global automotive industry. Bias tires have approximately 1.7 times the Insoluble Sulfur base polymer content of tires. Radiated tires will be in high demand during the forecast period due to automotive's emphasis on fuel efficiency, lighter characteristics and better mileage. Increasing insoluble sulfur involvement in the footwear value-chain will accelerate market growth due to changes in consumer preferences and innovation in the global footwear industry.
The regular grade dominated the global Insoluble Sulphur Market due to its growing use in flexible rubber-producing industries. Regular sulfur based polymers is the most popular form of Insoluble Sulphur. It has no additives. This is also the most sought-after. Due to its superior thermal stability and customizable application capabilities, insoluble sulfur will be in high demand.
As of 2019, Asia-Pacific held over half the global Insoluble sulphur Market volume share. Consumer spending on automobiles has increased exponentially due to the rapid industrialization of China, India, South Korea, and other countries. It is also home to a significant portion of the world's footwear production. This in turn generates a large amount of the global Insoluble Sulfur demand.