In 2023, the sulfur and sulfuric acid used in petroleum refining and other petroleum and coal products in the US stood at approximately 2.41 million metric tons. The forecast for 2024 to 2028 shows a gradual decline in usage, with values decreasing from 2.39 million metric tons in 2024 to 2.29 million metric tons in 2028. Year-on-year analysis indicates slight decrements: -0.84% for 2025, -1.27% for 2026, -0.85% for 2027, and -1.29% for 2028. Overall, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests a negative trend, reflecting a consistent drop in demand.
Future trends to monitor include advancements in alternative energy sources and recycling technologies that could further reduce dependence on sulfur and sulfuric acid. Additionally, stringent environmental regulations may impact production and usage levels, driving the industry towards more sustainable practices.
