Market Overview:
The global tetramethylene sulfone market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tetramethylene sulfone in oil refining, polymer / textile processing, agrochemicals / fertilizers, and pharmaceuticals applications. Additionally, the growing demand for high-quality products across different regions is also contributing to the growth of this market. On the basis of type, the global tetramethylene sulfone market can be segmented into anhydrous type and aqueous type. The anhydrous type segment is expected to account for a larger share of this market than the aqueous type segment during the forecast period. On the basis of application, this market can be divided into oil refining, polymer / textile processing, agrochemicals / fertilizers, and pharmaceuticals segments.
Product Definition:
Tetramethylene sulfone is a white odorless crystalline powder that is soluble in organic solvents. It is used as a solvent, an intermediate in the manufacture of pharmaceuticals and other chemicals, and as a flame retardant.
Anhydrous Type:
Anhydrous type is a special type of Tetramethylene Sulfone (TMTS) which has no water content. It is also known as dehydrated tetramethylene sulfone or D4. TMDS has applications in polyurethane foams, adhesives & sealants, elastomers and coatings among others owing to its unique properties such as high thermal stability and low volatility.
Aqueous Type:
Aqueous type is a process of producing TMS by the chemical reaction between sulfur and methanol. Aqueous type accounts for more than half of the total production globally. The major application areas include specialty polymers, adhesives & sealants, elastomers/plastics, inks & coatings and rubber chemicals.
Application Insights:
Oil refining was the dominant application segment and accounted for a market share of over 35% in terms of volume as well as revenue in 2017. The product is used to remove sulfur compounds from petroleum products such as diesel, gasoline, and kerosene. It is also used to produce petrochemicals which are further utilized in various end-use industries including plastics, paints & coatings, lubricants among others.
Polymer processing was the second largest application segment followed by agrochemicals/fertilizers where the product is utilized to provide visco-elastic properties to polymer solutions during emulsion polymerization processes along with other functions such as anti-settling & thickening properties when added directly into liquid formulations without any prior activation or aging process.
Regional Analysis:
Asia Pacific dominated the global TMS market in terms of revenue with a share of over 75.0% in 2017. The region is expected to maintain its dominance during the forecast period as well owing to large-scale production and consumption of agrochemicals, oil refining products, pharmaceuticals, and polymers & textiles processing chemicals across emerging economies such as China, India, Japan and South Korea.
The growing population coupled with increasing demand for food has led to an increase in agricultural activities across Asia Pacific countries such as India and China which has resulted into high demand for various agrochemicals including pesticides & fertilizers among farmers across these nations. Tetramethylene sulfone is one such chemical used as an intermediate product for manufacturing various agrochemicals including metam Sodium (AMS), diammonium phosphate (DAP) among others by numerous companies operating within agriculture industry globally; this factor will also help APAC region maintain its dominance during the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, agrochemicals, and polymer production
- Growing awareness about the benefits of Tetramethylene Sulfone among consumers
- Rising investment in research and development activities for new applications of Tetramethylene Sulfone
- Technological advancements in manufacturing processes for Tetramethylene Sulfone
- Expansion of distribution networks by key players to increase reach
Scope Of The Report
Report Attributes
Report Details
Report Title
Tetramethylene Sulfone Market Research Report
By Type
Anhydrous Type, Aqueous Type
By Application
Oil Refining, Polymer / Textile Processing, Agrochemicals / Fertilizers, Pharmaceuticals
By Companies
Chevron Phillips Chemical Company(US), Sumitomo Seika Chemical(JP), New Japan Chemical(JP), Casil Industries(IN), Liaoyang Guanghua Chemical(CN), Liaodong Fine Chemical(CN), Jinzhou Petrochemical Corporation(CN), Changle Haizhou Chemical(CN)
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Tetramethylene Sulfone Market Report Segments:
The global Tetramethylene Sulfone market is segmented on the basis of:
Types
Anhydrous Type, Aqueous Type
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
Oil Refining, Polymer / Textile Processing, Agrochemicals / Fertilizers, Pharmaceuticals
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 Company(US)
- Sumitomo Seika Chemical(JP)
- New Japan Chemical(JP)
- Casil Industries(IN)
- Liaoyang Guanghua Chemical(CN)
- Liaodong Fine Chemical(CN)
- Jinzhou Petrochemical Corporation(CN)
- Changle Haizhou Chemical(CN)
Highlights of The Tetramethylene Sulfone 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:
- Anhydrous Type
- Aqueous Type
- By Application:
- Oil Refining
- Polymer / Textile Processing
- Agrochemicals / Fertilizers
- Pharmaceuticals
- 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 Tetramethylene Sulfone 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
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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?
Tetramethylene sulfone is a chemical compound with the formula C4H10S. It is a colorless, flammable liquid that has a sweet odor. Tetramethylene sulfone is used in industrial and cosmetic products, including perfumes and hair dyes.
Some of the key players operating in the tetramethylene sulfone market are Chevron Phillips Chemical Company(US), Sumitomo Seika Chemical(JP), New Japan Chemical(JP), Casil Industries(IN), Liaoyang Guanghua Chemical(CN), Liaodong Fine Chemical(CN), Jinzhou Petrochemical Corporation(CN), Changle Haizhou Chemical(CN).
The tetramethylene sulfone market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tetramethylene Sulfone 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 Tetramethylene Sulfone Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tetramethylene Sulfone 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 Tetramethylene Sulfone 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 Tetramethylene Sulfone Market Size & Forecast, 2018-2028
4.5.1 Tetramethylene Sulfone Market Size and Y-o-Y Growth
4.5.2 Tetramethylene Sulfone Market Absolute $ Opportunity
Chapter 5 Global Tetramethylene Sulfone 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 Tetramethylene Sulfone Market Size Forecast by Type
5.2.1 Anhydrous Type
5.2.2 Aqueous Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tetramethylene Sulfone 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 Tetramethylene Sulfone Market Size Forecast by Applications
6.2.1 Oil Refining
6.2.2 Polymer / Textile Processing
6.2.3 Agrochemicals / Fertilizers
6.2.4 Pharmaceuticals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tetramethylene Sulfone 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 Tetramethylene Sulfone 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 Tetramethylene Sulfone Analysis and Forecast
9.1 Introduction
9.2 North America Tetramethylene Sulfone 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 Tetramethylene Sulfone Market Size Forecast by Type
9.6.1 Anhydrous Type
9.6.2 Aqueous Type
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 Tetramethylene Sulfone Market Size Forecast by Applications
9.10.1 Oil Refining
9.10.2 Polymer / Textile Processing
9.10.3 Agrochemicals / Fertilizers
9.10.4 Pharmaceuticals
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 Tetramethylene Sulfone Analysis and Forecast
10.1 Introduction
10.2 Europe Tetramethylene Sulfone 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 Tetramethylene Sulfone Market Size Forecast by Type
10.6.1 Anhydrous Type
10.6.2 Aqueous Type
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 Tetramethylene Sulfone Market Size Forecast by Applications
10.10.1 Oil Refining
10.10.2 Polymer / Textile Processing
10.10.3 Agrochemicals / Fertilizers
10.10.4 Pharmaceuticals
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 Tetramethylene Sulfone Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tetramethylene Sulfone 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 Tetramethylene Sulfone Market Size Forecast by Type
11.6.1 Anhydrous Type
11.6.2 Aqueous Type
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 Tetramethylene Sulfone Market Size Forecast by Applications
11.10.1 Oil Refining
11.10.2 Polymer / Textile Processing
11.10.3 Agrochemicals / Fertilizers
11.10.4 Pharmaceuticals
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 Tetramethylene Sulfone Analysis and Forecast
12.1 Introduction
12.2 Latin America Tetramethylene Sulfone 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 Tetramethylene Sulfone Market Size Forecast by Type
12.6.1 Anhydrous Type
12.6.2 Aqueous Type
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 Tetramethylene Sulfone Market Size Forecast by Applications
12.10.1 Oil Refining
12.10.2 Polymer / Textile Processing
12.10.3 Agrochemicals / Fertilizers
12.10.4 Pharmaceuticals
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) Tetramethylene Sulfone Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tetramethylene Sulfone 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) Tetramethylene Sulfone Market Size Forecast by Type
13.6.1 Anhydrous Type
13.6.2 Aqueous Type
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) Tetramethylene Sulfone Market Size Forecast by Applications
13.10.1 Oil Refining
13.10.2 Polymer / Textile Processing
13.10.3 Agrochemicals / Fertilizers
13.10.4 Pharmaceuticals
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 Tetramethylene Sulfone Market: Competitive Dashboard
14.2 Global Tetramethylene Sulfone Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chevron Phillips Chemical Company(US)
14.3.2 Sumitomo Seika Chemical(JP)
14.3.3 New Japan Chemical(JP)
14.3.4 Casil Industries(IN)
14.3.5 Liaoyang Guanghua Chemical(CN)
14.3.6 Liaodong Fine Chemical(CN)
14.3.7 Jinzhou Petrochemical Corporation(CN)
14.3.8 Changle Haizhou Chemical(CN)
