The Carbon Disulfide Market is a mature yet essential sector of the chemical industry, driven primarily by its critical role as a precursor in the manufacture of viscose rayon, cellophane, and various agrochemicals. The market exhibits steady growth, predominantly fueled by the burgeoning textile and packaging industries, particularly in the Asia-Pacific region. Despite facing challenges related to environmental regulations and health concerns due to its volatile nature, technological advancements focusing on cleaner production methods and closed-loop systems are paving the way for sustainable expansion. Strategic geographical shifts in manufacturing are key to mitigating regional regulatory pressures and optimizing supply chain logistics.
Carbon Disulfide (CS2) is a colorless to light-yellow, volatile, and highly flammable liquid with a wide array of industrial applications. It is mainly produced through the reaction of carbon and sulfur at high temperatures, or increasingly, via a more cost-effective and cleaner natural gas-based process. The compound serves as a vital intermediate chemical, indispensable for the production of man-made cellulosic fibers (MMCFs) like viscose rayon, which is highly sought after in the textile industry for its comfort and drape. Additionally, its use in creating dithiocarbamates, which function as effective fungicides, insecticides, and fumigants, solidifies its importance in the agricultural sector. The market landscape is characterized by moderate consolidation, with key players investing in capacity expansion and process efficiency to maintain a competitive edge.
The global Carbon Disulfide Market size was valued at approximately USD 174.3 million in 2023. It is projected to exhibit a steady Compound Annual Growth Rate (CAGR) of 3.36% during the forecast period from 2024 to 2031. Consequently, the market revenue is anticipated to reach a value of around USD 226.5 million by 2031. This growth is underpinned by the consistent demand from the fast-growing packaging and textile sectors in emerging economies.
The Carbon Disulfide Market is comprehensively segmented as follows:
Asia-Pacific (APAC) currently dominates the global Carbon Disulfide Market, accounting for the largest revenue share, primarily driven by the massive concentration of viscose rayon and textile manufacturing units, particularly in China and India. The region's expanding agricultural sector also contributes significantly to the demand for agrochemicals. North America and Europe represent mature markets with stringent environmental regulations, prompting manufacturers to invest heavily in advanced, cleaner production technologies and closed-loop systems to ensure compliance. Growth in these regions is stable, supported by demand from high-purity applications in pharmaceuticals and specialty chemicals.
The competitive landscape is characterized by the presence of a few major global players and several regional manufacturers. Companies are actively engaging in capacity expansions, strategic acquisitions, and partnerships to fortify their global presence and optimize their supply chains.
Top Market Players: