Taiwan Sulphur Dioxide Market is projected to grow at a CAGR of 3.7% from 2024-2030F

Chemical sector by End-Use held the highest revenue share of Taiwan Sulphur Dioxide Market -6Wresearch

The chemical sector dominated Taiwan’s sulphur dioxide market and it will continue to dominate the market driven by its pivotal role in producing pharmaceuticals, with medicinal chemical product revenues rising from $3.6 million in 2022 to $3.9 million in 2023. Taiwan's robust chemical manufacturing base supports diverse applications, including sulphur dioxide's use in chemical synthesis, sulphite production, and as a reducing agent, underscoring its importance in high-demand applications.

According to 6Wresearch, Taiwan Sulphur Dioxide Market is projected to grow at a CAGR of 3.7% from 2024-2030F. The Taiwan sulphur dioxide market has expanded in tandem with the country’s thriving manufacturing sector, notably in electronics and semiconductors. In the first quarter of 2023, the semiconductor segment alone recorded a remarkable 14.06% output increase, which significantly fueled demand for sulphur dioxide, a crucial component for etching and cleaning in chip fabrication. The base metal industry, with an output of USD 11.94 billion, also contributes to sulphur dioxide demand, particularly in refining applications, bolstering the market further.

The food and beverage sector is another vital driver of sulphur dioxide demand in Taiwan, forecasted to grow from USD 41 billion in 2022 to USD 49.2 billion by 2027. sulphur dioxide is extensively used as an antioxidant and preservative, helping to meet the rising consumer demand for processed and preserved foods. Supportive government policies, such as the Biomedical Industry Innovation Program (BIIP) introduced under the 5+2 Innovative Industries Plan in 2016, have also been instrumental in supporting industrial development and technological advancements, further enhancing sulphur dioxide market growth.

According to Kartik, Research Analyst, 6Wresearch, Sulphur dioxide is integral to Taiwan's market, serving as a key precursor in refining and industrial processes. Its critical role in the contact process for sulphuric acid production, vital for refining, chemical manufacturing, and industrial applications, fuels demand. With CPC Corporation's 27-year LNG deal in 2023, Taiwan’s industrial growth is set to boost sulphuric acid and sulphur dioxide utilization.

Taiwan Sulphur Dioxide Market (2024-2030) report provides an in-depth analysis with 13 figures and 5 tables, covered in 60 pages. The report thoroughly covers market by End-use and by Application. Taiwan Sulphur Dioxide Market outlook report provides an unbiased and detailed analysis of the on-going Taiwan Sulphur Dioxide Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.