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(MoneyNewsWire.Net, July 23, 2018 ) Sulfur mining includes mining of sulfur and sulfur compounds that are used in manufacturing of black gunpowder, matches, and fireworks. Sulfur is a bright yellow crystalline material. It forms near volcanic vents and fumaroles, where it sublimates from a stream of hot gases.
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The global sulfur market was valued at $6 billion in 2017. This is mainly due to increased demand for power generation. Asia Pacific was the largest geographic region accounting for 37.7% of the global market. Electricity generation accounted for around two third of the total coal consumption during the historic period for example.
The sulphur market can be segmented as by end-user industry, fertilizers, chemical processing, metal manufacturing, petroleum refining and others.
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The USA was the largest country accounting for one-fifth of the global sulfur market. This is mainly due to the country’s economic power, abundant mineral resources, increased energy demand, and high government and private expenditure in the manufacturing industry followed by China and India.
The major competitors in the sulphur market are Ohio Sulfur Mining Company, Freeport Sulfur Company, Texas Gulf Sulfur Company, Merafe Resources Ltd. Ohio is located in the northern portion of the Appalachian Coal Basin, which is one of the largest coal fields in the United States. Ohio’s coal region covers thirty-two counties and is located to the south and east of a line that would stretch roughly from Portsmouth through Zanesville to Youngstown. It is estimated that Ohio has 11.5 billion tons of economically recoverable coal reserves.
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