Market Overview:
The global high purity 2-mercaptoethanol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high purity 2-mercaptoethanol from various applications, such as consumer & industrial, agrochemicals, polymers and rubber, water treatment and others. In terms of volume, the Asia Pacific region is expected to lead the global high purity 2-mercaptoethanol market during the forecast period.
Product Definition:
High Purity 2-Mercaptoethanol is a clear, colorless liquid with an unpleasant odor. It is used as a solvent and in the manufacture of other chemicals.
≥ 99%:
2-Mercaptoethanol is a colorless liquid with an odor similar to gasoline. It is used as a solvent in the production of paints, varnishes, and lacquers; as well as for cleaning purposes in various industries such as metalworking fluids, printing ink, and cosmetics. The product also finds application in pharmaceuticals due to its ability to dissolve mucopolysaccharides found within the human body.
＜99.9%:
2- Mercaptoethanol is a colorless liquid with an odor similar to gasoline. It is used as a solvent in the production of paints, varnishes, and coatings. 2-Mercaptoethanol also finds use as an additive in some pesticides and herbicides products.
Application Insights:
High purity 2-mercaptoethanol is majorly used in agrochemicals for the cultivation of cereals, sugarcane, cotton and soybean. The product is also used in pesticides for controlling weeds, insects and other pests. In addition to this, it finds application as an herbicide under the brand name of Roundup¢â‚¬â„¢s ProactiveGrowth Technology (RGT).
Consumer & industrial products are expected to be one of the fastest growing segments over the forecast period owing to increasing demand from various end-use industries such as pharmaceuticals and cosmetics. Furthermore, it finds applications in polymer modification during vulcanization process along with its derivatives such as butadiene rubber and styrene acrylonitrile rubber (SAN) which are widely utilized across several industries including construction materials and automotive tires.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production owing to availability of raw materials at low prices. China, India, Japan, South Korea are some of the major consumers in this region due to high demand from various end-use industries.
North America emerged as one of the prominent consumers and accounted for more than 20% revenue share in 2017 on account of growing demand from polymers & rubber industry along with other applications such as agrochemicals and consumer products. Europe also held a significant market share followed by North America owing to presence/influence/sales pitch made by key players such as Cargill Inc.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, agrochemicals, and cosmetics
- Growing awareness about the benefits of 2-mercaptoethanol among consumers
- Rising investment in research and development activities for the production of high purity 2-mercaptoethanol
- Technological advancements in the production process of 2-mercaptoethanol
- Expansion of global trade routes that would help to increase the availability and distribution of 2-mercaptoethanol
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity 2-Mercaptoethanol Market Research Report
By Type
≥ 99%, ＜99.9%
By Application
Consumer & Industrial, Agrochemicals, Polymers and Rubber, Water Treatment, Others
By Companies
Chevron Phillips Chemical, BASF, Sunion Chemical & Plastics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global High Purity 2-Mercaptoethanol Market Report Segments:
The global High Purity 2-Mercaptoethanol market is segmented on the basis of:
Types
≥ 99%, ＜99.9%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer & Industrial, Agrochemicals, Polymers and Rubber, Water Treatment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chevron Phillips Chemical
- BASF
- Sunion Chemical & Plastics
Highlights of The High Purity 2-Mercaptoethanol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ≥ 99%
- ＜99.9%
- By Application:
- Consumer & Industrial
- Agrochemicals
- Polymers and Rubber
- Water Treatment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity 2-Mercaptoethanol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High Purity 2-Mercaptoethanol is a chemical compound with the formula C3H7O2. It is a colorless liquid that has a sweet, mercaptan odor. High Purity 2-Mercaptoethanol is used in manufacturing various types of chemicals and pharmaceuticals.
Some of the major players in the high purity 2-mercaptoethanol market are Chevron Phillips Chemical, BASF, Sunion Chemical & Plastics.
The high purity 2-mercaptoethanol market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity 2-Mercaptoethanol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity 2-Mercaptoethanol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity 2-Mercaptoethanol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity 2-Mercaptoethanol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity 2-Mercaptoethanol Market Size & Forecast, 2020-2028
4.5.1 High Purity 2-Mercaptoethanol Market Size and Y-o-Y Growth
4.5.2 High Purity 2-Mercaptoethanol Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 ≥ 99%
5.2.2 ＜99.9%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer & Industrial
6.2.2 Agrochemicals
6.2.3 Polymers and Rubber
6.2.4 Water Treatment
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity 2-Mercaptoethanol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity 2-Mercaptoethanol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 ≥ 99%
9.6.2 ＜99.9%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer & Industrial
9.10.2 Agrochemicals
9.10.3 Polymers and Rubber
9.10.4 Water Treatment
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 ≥ 99%
10.6.2 ＜99.9%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer & Industrial
10.10.2 Agrochemicals
10.10.3 Polymers and Rubber
10.10.4 Water Treatment
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 ≥ 99%
11.6.2 ＜99.9%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer & Industrial
11.10.2 Agrochemicals
11.10.3 Polymers and Rubber
11.10.4 Water Treatment
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 ≥ 99%
12.6.2 ＜99.9%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer & Industrial
12.10.2 Agrochemicals
12.10.3 Polymers and Rubber
12.10.4 Water Treatment
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 ≥ 99%
13.6.2 ＜99.9%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer & Industrial
13.10.2 Agrochemicals
13.10.3 Polymers and Rubber
13.10.4 Water Treatment
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity 2-Mercaptoethanol Market: Competitive Dashboard
14.2 Global High Purity 2-Mercaptoethanol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chevron Phillips Chemical
14.3.2 BASF
14.3.3 Sunion Chemical & Plastics
