"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Thiochemicals Market Size, Share & Industry Analysis, By Product Type (Mercaptans, Dimethyl disulfide (DMDS), Dimethyl sulfoxide (DMSO), Thioglycolic acid and esters, Thiourea, Others), By End-Use (Oil & Gas, Food & Agrochemicals, Chemicals, Plastics, Electrical & Electronics, Automotive & Transportation, Consumer Goods, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105316 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Thiochemicals refers to the chemical, usually an ion, where a sulphur ion replaces the oxygen atom in the compound. The reaction which converts oxygen into sulphur is known as thiation or thionation. The thiochemicals are categorized into mercaptans, dimethyl disulfide, dimethyl sulfoxide, thiourea, and thioglycolic acid & esters. Moreover, the thiochemical compounds are mainly utilized as anti-cocking agents, polymerization agent, as well as for gas leakage detection. The product finds its use in a wide range of applications such as oil & gas, food & agrochemicals, chemicals, plastics, electrical & electronics, automotive & transportation, and consumer goods.


The thiochemicals market is anticipated to witness the highest growth owing to increasing its adoption in the oil & gas and plastic applications. In the oil & gas application, the thiochemicals including methyl mercaptan is mainly used for natural gas leakage detection, cracking process, and desulfurization. Whereas, in the plastic application, the thiochemicals are utilized to produce thioglycolic acids, which are further used in the PVC heat stabilizer synthesis. Hence, the rising use of the product in these applications will contribute to fuel the thiochemicals market growth during the forecast timeline.

However, the thiochemicals such as tetrahydrothiophene and isopropyl mercaptan are highly flammable and toxic to aquatic fauna. This restricts their adoption in various applications. Hence, this іѕ anticipated hindering the market growth.

Up Arrow

Key Market Driver -

The rising use of thiochemicals in oil & gas and plastic applications to drive the market growth.

Down Arrow

Key Market Restraint -

Toxicity of thiochemicals to restrict the market growth


Market Segmentation:


Based on product type, the thiochemicals market is segmented into mercaptans, dimethyl disulfide (DMDS), dimethyl sulfoxide (DMSO), thioglycolic acid & esters, thiourea, and others. Based on end-use, the market is segmented into oil & gas, food & agrochemicals, chemicals, plastics, electrical & electronics, automotive & transportation, consumer goods, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.  

Key Players Covered:


The key players in the thiochemicals market include Arkema Group, HEBEI YANUO Bioscience Co., Ltd., Chevron Phillips Chemical Co. LLC, BRUNO BOCK Chemische Fabrik GmbH & Co. KG, and Toray Fine Chemicals Co. Ltd., GABRIEL., Quadrimex Chemical,  Chromatotec, BASF SE, Gaylord Chemical, and The PMC Group Building.

Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


North America is the leading contributor and anticipated to witness the highest growth in the thiochemicals market. The growth is due to the rising adoption of the thiochemicals such as dimethyl disulphide (DMDS) in the food & agrochemical. Further, increasing the use of the product in the electrical & electronics will fuel the market growth in this region. The rising use of thiourea in the chemical and consumer goods will fuel the market growth in Asia Pacific, in which China and India are the leading countries. In Europe, the growth is due to the adoption of the product in the automotive & transportation. The Middle East & Africa is anticipated to witness significant growth, owing to the high demand for the product in the oil & gas industry.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTES 

 DETAILS 

By Product Type



  • Mercaptans

  • Dimethyl disulfide (DMDS)

  • Dimethyl sulfoxide (DMSO)

  • Thioglycolic acid and esters

  • Thiourea

  • Others



By End-Use



  • Oil & Gas

  • Food & Agrochemicals

  • Chemicals

  • Plastics

  • Electrical & Electronics

  • Automotive & Transportation

  • Consumer Goods

  • Others



By Geography



  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Thiochemicals Industry Developments



  • In July 2017, Arkema started its new project in order to double its methyl mercaptan production capacity at its Kerteh site in Malaysia. This company has done this development to support the strong growth of the animal feed, refining, and petrochemical markets in Asia and to strengthen its world leading position in high value added sulfur derivatives. This new project will help the company to expand its business across the world.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Chemicals & Materials Clients
Mobil
UBS
Mckinsey
BASF
3M
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X