info@marketresearchfuture.com   ๐Ÿ“ž +1 (855) 661-4441(US)   ๐Ÿ“ž +44 1720 412 167(UK)   ๐Ÿ“ž +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Thiochemical Market By Product Type (Mercaptans, Sulfide & Polysulfides, Sulfonyls, Thioglycolics, Sulfates & Sulfites, Others), End-use Industry (Oil & Gas, Animal Nutrition, Chemical, Pharmaceutical, Agrochemical, Electrical & Electronics, Cosmetics & Personal Care, Others) and Region - Forecast till 2032


ID: MRFR/CnM/4781-CR | 158 Pages | Author: Anshula Mandaokar| July 2018

Thiochemical Market Summary

As per MRFR Analysis, the global thiochemical market was valued at USD 2.60 Billion in 2023 and is projected to grow to USD 3.30 Billion by 2032, with a CAGR of 2.70% from 2024 to 2032. Thiochemicals, characterized by sulfur ion substitution, are increasingly demanded in industries such as oil and gas and animal nutrition. The market is expected to benefit from the rising poultry consumption in the Asia-Pacific region, particularly in India and China, and the introduction of alternatives to methyl bromide. However, high toxicity levels of certain thiochemicals may hinder growth. Opportunities are emerging in African markets, notably South Africa and Kenya, as the industry expands.

๐Ÿ“Œ Key Market Trends & Highlights

Key trends influencing the thiochemical market include rising demand in various sectors and regulatory changes.

  • Thiochemical market size in 2023: USD 2.60 Billion.
  • Projected market size by 2032: USD 3.30 Billion.
  • CAGR during 2024-2032: 2.70%.
  • Mercaptans segment expected to reach USD 1,444.8 million by 2024.

๐Ÿ“Š Market Size & Forecast

2023 Market Size: USD 2.60 Billion
2024 Market Size: USD 2.67 Billion
2032 Market Size: USD 3.30 Billion
CAGR (2024-2032): 2.70%.

๐Ÿข Major Players

Key players include Arkema SA, BASF SE, Merck KGaA, and Chevron Phillips Chemical Company.

Thiochemical Market Overview


ย 


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Report Overview


This report covers current events and trends in the market for thiochemicals to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly accurate projections. MRFRโ€™s report includes a thorough analysis of the global thiochemical market segmented on the basis of product type, end-user, and region with astute insights. The report has been prepared to assist industry players in making the right decisions which can culminate in fruitful returns. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.


Segment Overview


By product type, the thiochemical market comprises sulfonyls, thioglycolics, sulfides & polysulfides, sulfates & sulfites, mercaptans, and others. The mercaptans segment is predicted to be worth USD 1,444.8 million by 2024. The demand for gas iodizers to control gas leakage is expected to catapult the segment growth over the forecast period.


Oil & gas, animal nutrition, agrochemicals-market-1267'>agrochemical-market-749'>agrochemicals, chemicals, pharmaceuticals, cosmetics & personal care, electrical & electronics, and others constitute as major market end-users.


The segments and sub-segments covered in the report are analyzed under five major regions โ€“ North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), with respective country-level market sizing. The standard definition of โ€œthiochemicalโ€ is included in the report for a comprehensive understanding of the market. The report discusses and interprets the current trends and future opportunities of the market by delivering an unbiased growth assessment.


Players Covered


Taizhou Sunny Chemical Co., Ltd (China), SHINYA CHEM (China), Arkema SA (France), Zhongke Fine Chemical Co., Ltd. (China), Affon Chemical Co., Ltd. (China), TORAY INDUSTRIES, INC. (Japan), Chevron Phillips Chemical Company (U.S.), Varsal (U.S.), HEBEI YANUO Bioscience Co., Ltd. (China), Uniwin Chemical Co., Ltd. (China), Oxon Italia S.p.A. (Italy), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), BRUNO BOCK Chemische Fabrik GmbH & Co. KG (Germany), and BASF SE (Germany) are reputed players currently operational in the thiochemical market. The market is characterized by expansions and partnerships. This is evident by the establishment of the thiochemicals plant by Arkema in Malaysia. This move has strengthened Arkemaโ€™s position in Asia providing it an edge over its competitors.


The report offers comprehensive profiles on these market players and assesses their current standing in the thiochemical market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.


Recent Development


The US Food and Drug Administration has given Apotex Corp. approval and the Competitive Generic Therapy designation for its new generic variation of Atropine Sulfate Ophthalmic Solution USP, with a concentration of 1% increasing Thiochemical Market.ย Milla Pharmaceuticals, a division of the Alter Pharma Group, has received FDA approval for its latest generic version of magnesium sulfate in water for use in injection in single-patient use containers of non-polyvinyl chloride.


Research Methodology


Market Research Future (MRFR) employ a selective body of methods which assist in a scientific and systematic approach to research of the given field of study. Primary methods such as interviews with decision makers of leading competitors in the market have been used along with secondary methods to provide a comprehensive view of the market scenario. Credible sources such as white papers, annual reports, and SEC filings have been used as a part of objective secondary research methods. Top-down and bottom-up approaches have been applied to the field of study to provide accurate estimation and validation of the market. Inquisitive and proficient data analysts exhaust every line of research based on pertinent parameters to offer intelligent inputs and a dependable understanding of the market in its entirety.


Analysis Period




    • Base Year - 2017



    • Projection Period - From 2018 to 2024



    • Market Denomination - USD Million



    • Volume Unit โ€“ Kilo Tons



    • Conversion Rate - Considered as per the respective financial years



For the scope of research, the report offers a comprehensive analysis of the global thiochemical market.


Segmentation


Product Type




    • Mercaptans



    • Sulfide & Polysulfides



    • Sulfonyls



    • Thioglycolics



    • Sulfates & Sulfites



    • Others



End-use Industry




    • Oil & Gas



    • Animal Nutrition



    • Chemical



    • Pharmaceutical



    • Agrochemical



    • Electrical & Electronics



    • Cosmetics & Personal Care



    • Others



Region




    • North America; The U.S., and Canada



    • Europe; Germany, Italy, Russia, the U.K, France, Germany, Spain, and Rest of Europe



    • Asia Pacific (APAC); China, Japan, India, Indonesia, Australia, New Zealand, South Korea, and Rest of APAC



    • Latin America; Argentina, Mexioc, Brazil, and Rest of Latin America



    • The Middle East & Africa (MEA); Turkey, Gulf Cooperation Council (GCC), North Africa, and Rest of the MEA


Report Attribute/Metric Details
Market Size 2023 USDย 2.60ย Billion
Market Size 2024 USDย 2.67ย Billion
Market Size 2032 USDย 3.30ย Billion
Compound Annual Growth Rate (CAGR) 2.70% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2018 - 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product Type, Product Type and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Taizhou Sunny Chemical Co., Ltd (China), SHINYA CHEM (China), Arkema SA (France), Zhongke Fine Chemical Co., Ltd. (China), Affon Chemical Co., Ltd. (China), TORAY INDUSTRIES, INC. (Japan), Chevron Phillips Chemical Company (U.S.), Varsal (U.S.), HEBEI YANUO Bioscience Co., Ltd. (China), Uniwin Chemical Co., Ltd. (China), Oxon Italia S.p.A. (Italy), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), BRUNO BOCK Chemische Fabrik GmbH & Co. KG (Germany), and BASF SE (Germany)
Key Market Opportunities New product launches and R&D Amongst major key Players
Key Market Dynamics Bolstering demand for sulfur derivatives led by the various applications across industries.


Frequently Asked Questions (FAQ) :

The valuation of the global thiochemical market is projected to grow to USD 3.30 BN by 2032, registering 2.70% CAGR during the assessment period (2024-2032).

Mercaptans, Sulfonyls, Sulfide & Polysulfides, Thioglycolics, and Sulfates & Sulfites, are the four major types of thiochemical, which are extensively used in the process of replacing oxygen ion in an atom by a sulphur ion.

O&G, chemical, animal nutrition, pharmaceutical, electrical & electronics, agrochemical, and cosmetics & personal care, are some of the major end-use industries where thiochemical is used.

Bolstering demand for sulfur derivatives led by the various applications across industries.

Asia Pacific holds the largest share in the global thiochemical market followed by North America and Europe, respectively.

Merck KGaA (Germany), BASF SE (Germany), Bruno Bock Chemische Fabrik GmbH & Co. KG (Germany), Arkema SA (France), Zhongke Fine Chemical Co., Ltd. (China), TORAY INDUSTRIES INC. (Japan), HEBEI YANUO Bioscience Co., Ltd. (China), Chevron Phillips Chemical Company (US), Varsal (US), Taizhou Sunny Chemical Co., Ltd (China), Affon Chemical Co. Ltd. (China), Oxon Italia S.p.A. (Italy), Uniwin Chemical Co., Ltd. (China), SHINYA CHEM (China), and Thermo Fisher Scientific (US), are some of the leading players in the global thiochemical market.

Comments

Thiochemical Market

Thiochemical Market is projected to be worth USD 2722.6 Million by 2030, registering a CAGR of 2.50% during the forecast period (2022 - 2030).

Segmentation
By Product Type Mercaptans Sulfide & Polysulfides Sulfonyls Thioglycolics Sulfates & Sulfites Others
By End-use Industry Oil & Gas Animal Nutrition Chemical Pharmaceutical Agrochemical Electrical & Electronics Cosmetics & Personal Care Others
Key Players
Companies Profiled   Taizhou Sunny Chemical Co. Ltd (China)    SHINYA CHEM (China)    Arkema SA (France)    Zhongke Fine Chemical Co. Ltd. (China)    Affon Chemical Co Ltd. (China)    TORAY INDUSTRIES INC. (Japan)    Chevron Phillips Chemical Company (U.S.)    Varsal (U.S.)    HEBEI YANUO Bioscience Co. Ltd. (China)
Drivers
Market Driving Forces   By correlating the historical data with key market dynamics

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.