Thiochemicals Market Overview:
It is a chemical which contains a sulphur ion in place of the oxygen atom in a compound. Thiochemicals are substances in which the oxygen ion is replaced by a sulphur ion. Thionation or thiation is the process by which oxygen is converted into sulphur. In addition to thiourea and thiosulfate, thiochemicals include thiorea and thiosulfate. Animal nutrition and oil and gas are some of the key applications of thiochemicals. In the global chemical market, thermochemicals occupy a very niche position. Sulfur is an essential raw material in the thionation process, which leads to methyl mercaptan and other mercaptans. In addition to its use in animal nutrition and the oil and gas industries, methyl mercaptan is also used in the polymer industry as a polymerization agent and in gas leak detection. Mechyl mercaptans are primarily used in refineries to desulfurize fuels and in crackers to prevent cocking. The animal nutrition and oil and gas industries are two of the major players in the thiochemicals market. Increasing poultry consumption in the Middle East, a growing population and the untapped potential of emerging countries are driving the thiochemicals market. Other drivers for the thiochemicals market include stringent sulfur regulations in fuel as well as the growth of petrochemical projects in the Middle East, Asia, and the United States, as well as the growth of the use of natural gas. Moreover, the fast-growing applications for thiochemicals in desulfurizing gasoline and diesel, as well as their use in detecting gas leaks during the forecast period, are likely to drive the market for thiochemicals. Thioglycolates, thiolactates, and thioglycols are used in hair straighteners and perms as cold wave formulations. Thioglycolic acids are also important raw materials in PVC heat stabilizer synthesis.
The report on Thiochemicals Market by Future Market Analytics consists of the market trends like the regularization of the usage of renewable energy resources, digitization of the chemical industry, etc. that have the potential of transforming the market growth. Furthermore, the report includes insightful data points on the overall Thiochemicals Market share, the impact of the market on the tech and commercial industry for the real-time process refinement and business expansion, revenue management, etc. The report also includes the competitive landscape ranging from key market players to new entrants and their SWOT analysis along with the geographical analysis of regions such as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
With the assistance of the latest market research methodologies, the market analysts at Future Market Analytics have estimated that the Thiochemicals Market is anticipated to attain significant augmentation within the forecasted timeframe. The report includes insights regarding the Thiochemicals Market size and the current market valuation coupled with detailed information on the market segmentation and the available growth opportunities in the business vertical.
Major players included in the Thiochemicals Market:
• Arkema Group
• Hebei Yanuo Bioscience Co., Ltd.
• Chevron Phillips Chemical Co. LLC
• Bruno Bock Chemische Fabrik GmbH & Co. KG
• Toray Fine Chemicals Co. Ltd.
• Gabriel
• Quadrimex Chemical
• Chromatotec
• BASF SE
• Gaylord Chemical
• The PMC Group Building
(Note: The list of the major players will be updated with the latest market scenario and trends)
Thiochemicals Market Segmentation:
By Product Type
• Mercaptans
• Dimethyl disulfide (DMDS)
• Dimethyl sulfoxide (DMSO)
• Thioglycolic acid and esters
• Thiourea
• Others
By End Use Industry
• Oil and Gas
• Food and Agrochemicals
• Chemicals
• Plastics
• Electrical and Electronics
• Automotive and Transportation
• Consumer Goods
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Thiochemicals Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Thiochemicals Market by product type, by end use industry and by region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
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