KPC one of key players in global sulfur market – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

KPC one of key players in global sulfur market – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

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KUWAIT CITY, Oct 30: A report issued by “Fortune Business Insights” under the title “Global Sulfur Market 2021-2028” stated that the Kuwait Petroleum Corporation is among the major players in the global sulfur market, like other Gulf oil companies such as Saudi Aramco, not to mention the global petroleum companies, reports Al-Anba daily. The report said the size of the global sulfur market was $5.40 billion in 2020, and is expected to rise from $5.61 billion in 2021 to $6.98 billion in 2028, at a compound annual growth rate of 3.3% during the period between 2021 and 2028. The growth is attributable to the increasing demand for fertilizers, which is a major area in the use of sulfur and its derivatives.