Thiochemicals Market is expected to undergo a CAGR of 3.00% during the forecast period 2022 to 2029.
Market Analysis and Insights Thiochemicals Market
Thiochemicals finds many applications in several industries such as animal nutrition, oil and gas, polymers and chemicals, food and agrochemicals, automotive and transportation, consumer goods, plastics and others. For instance, thiochemicals are widely used in synthesizing thioglycolic acids, which are again used in synthesizing PVC heat stabilizers. Furthermore, stringent regulations on fuel sulfur contents and new petrochemical projects are some other parameters augmenting market demand during forecast period.
Thiochemicals are a class of chemicals in which the oxygen molecule is replaced by sulphur, resulting in a thio-compound. Thionation is a chemical reaction in which the sulphur ion replaces the oxygen ion. Sulfur, as a major compound which is used in the production of thiochemicals mainly in methyl mercaptan, which act as a precursor for the amino acid used in animal nutrition products.
In the animal nutrition end-use, Global thiochemicals are widely used in the form of methyl mercaptan. Methyl mercaptan is used in the production of methionine. Furthermore, Methionine is mainly used as a dietary supplement for animal feed and poultry. Therefore, the growing demand for poultry and other meat is expected to drive the growth of the thiochemicals market.
Thiochemicals Market Scope
The thiochemicals market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Mercaptan, Dimethyl Sulfoxide (DMSO)
- Dimethyl disulfide (DMDS)
- Thioglycolic Acid and Ester
- Thiourea
- Others
Application
- Animal Nutrition
- Oil and Gas
- Polymers and Chemicals
- Food and Agrochemicals
- Automotive and Transportation
- Consumer Goods
- Plastics
- Others
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Thiochemicals Market Country Level Analysis
The countries covered in the thiochemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Thiochemicals Market Share Analysis
The Thiochemicals Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Thiochemicals Market.
Key Players Thiochemicals Market
- Arkema (France)
- Merck KGaA (Germany)
- Hebei Yanuo Bioscience Co., Ltd. (China)
- Varsal (U.S.)
- TCI Chemicals (India) Pvt. Ltd. (India)
- Spiess Chemische Fabrik GmbH (Germany)
- Uniwin Chemical Co., Ltd. (China)
- BASF SE (Germany)
- Esseco SRL (Italy)
- Galactic (U.S.)
- Allan Chemical Corporation (U.S.)
- Samirian Chemicals Inc. (U.S.)
- Noah Chemicals (U.S.)
- Dastech (U.S.)
- INEOS (U.K.)
- DBWINC (U.S.)
- Southern Ionics Incorporated (U.S.)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Thiochemicals Market by Product & Procedure type
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