Market Overview:
The global thio chemicals market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thionation and animal nutrition applications, and rising demand for sulfur in oil & gas industries. Asia Pacific is expected to be the fastest-growing region during the forecast period. The global thio chemicals market is segmented by type, application, and region. By type, the market is divided into sulfur, methyl mercaptan, and others. The methyl mercaptan segment accounted for the largest share of the global thio chemicals market in 2017 owing to its widespread use as a flavoring agent in food products such as meat and seafood items.
Product Definition:
Thio chemicals are a class of sulfur-containing organic compounds. They are used as intermediates in the synthesis of other organic molecules, and as corrosion inhibitors.
Sulfur:
Sulfur is a chemical element that is found in the earth's crust. It is mainly present as an ore called sulfuret of calcium or sulfur. Sulfur has two forms, namely, white and red (or yellow). The difference between them is only in their color which can be removed by filtration process. Red sulfur or ferrous sulfate as it’s commonly known contains iron along with other metals such as manganese, lead and nickel.
Methyl Mercaptan:
Methyl mercaptan is a chemical compound derived from amino acids. It has a strong smell similar to vinegar and is usually added to thio chemicals in order to give them an odor. Methyl mercaptan can also be produced synthetically using methylation of propionic acid. The product finds application as an aroma ingredient in various industries including food, pharmaceuticals, paints & coatings and cosmetics among others.
Application Insights:
The global thio chemicals market is segmented on the basis of application into thionation, animal nutrition, oil & gas industries, polymerization industries and others. The oil & gas industry emerged as the largest application segment in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to increasing demand for drilling fluids that are rich in biocides and corrosion inhibitors. Drilling muds are primarily used in hydraulic fracturing operations wherein they act as a carrier for cementing agents during drilling operations at considerable depths below ground level.
Polymerization industries also accounted for a significant share owing to growing demand from various end-use applications including automotive tires, polyurethane foams and adhesives/sealants among others.
Regional Analysis:
Asia Pacific emerged as the largest regional market in 2017 and accounted for over 30% of the global share. The region is expected to witness significant growth on account of rising product demand from various end-use industries, such as petrochemical, food & beverage, pharmaceuticals and others. China is projected to remain a key consumer owing to its large chemical manufacturing base along with growing demand from other emerging economies such as India and Indonesia.
The European market was valued at USD X billion in 2017 and is anticipated to grow at a CAGR of XX% during the forecast period on account of stringent regulations by REACH regarding thio compound usage coupled with high production volumes attained by some major players operating in this space including BASF SE; Bayer AG; Shell Chemicals Netherlands BV; Sibur Holding BV; Clariant International Ltd.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, textiles, automotive, and construction
- Rising awareness about the benefits of using thio chemicals in various applications
- Growing investments by key players in research and development to develop new products
- Expansion of manufacturing capacities by key players to cater to the increasing demand
- Emergence of new applications for thio chemicals in areas such as medical devices and energy storage
Scope Of The Report
Report Attributes
Report Details
Report Title
Thio Chemicals Market Research Report
By Type
Sulfur, Methyl Mercaptan, Others
By Application
Thionation, Animal Nutrition, Oil & Gas Industries, Polymerization Industries, Others
By Companies
Arkema S.A., Chevron Philips, Toray Fine Chemicals, …, Arkema S.A.
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Thio Chemicals Market Report Segments:
The global Thio Chemicals market is segmented on the basis of:
Types
Sulfur, Methyl Mercaptan, Others
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
Thionation, Animal Nutrition, Oil & Gas Industries, Polymerization Industries, 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:
- Arkema S.A.
- Chevron Philips
- Toray Fine Chemicals
- …
- Arkema S.A.
Highlights of The Thio Chemicals 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:
- Sulfur
- Methyl Mercaptan
- Others
- By Application:
- Thionation
- Animal Nutrition
- Oil & Gas Industries
- Polymerization Industries
- 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 Thio Chemicals 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?
Thio Chemicals is a company that manufactures and sells specialty chemicals. Some of the products it sells include thiols, amines, and esters.
Some of the major players in the thio chemicals market are Arkema S.A., Chevron Philips, Toray Fine Chemicals, …, Arkema S.A..
The thio chemicals 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 Thio Chemicals 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 Thio Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thio Chemicals 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 Thio Chemicals 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 Thio Chemicals Market Size & Forecast, 2020-2028
4.5.1 Thio Chemicals Market Size and Y-o-Y Growth
4.5.2 Thio Chemicals 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 Sulfur
5.2.2 Methyl Mercaptan
5.2.3 Others
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 Thionation
6.2.2 Animal Nutrition
6.2.3 Oil & Gas Industries
6.2.4 Polymerization Industries
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thio Chemicals 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 Thio Chemicals 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 Sulfur
9.6.2 Methyl Mercaptan
9.6.3 Others
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 Thionation
9.10.2 Animal Nutrition
9.10.3 Oil & Gas Industries
9.10.4 Polymerization Industries
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 Sulfur
10.6.2 Methyl Mercaptan
10.6.3 Others
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 Thionation
10.10.2 Animal Nutrition
10.10.3 Oil & Gas Industries
10.10.4 Polymerization Industries
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 Sulfur
11.6.2 Methyl Mercaptan
11.6.3 Others
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 Thionation
11.10.2 Animal Nutrition
11.10.3 Oil & Gas Industries
11.10.4 Polymerization Industries
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 Sulfur
12.6.2 Methyl Mercaptan
12.6.3 Others
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 Thionation
12.10.2 Animal Nutrition
12.10.3 Oil & Gas Industries
12.10.4 Polymerization Industries
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 Sulfur
13.6.2 Methyl Mercaptan
13.6.3 Others
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 Thionation
13.10.2 Animal Nutrition
13.10.3 Oil & Gas Industries
13.10.4 Polymerization Industries
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 Thio Chemicals Market: Competitive Dashboard
14.2 Global Thio Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema S.A.
14.3.2 Chevron Philips
14.3.3 Toray Fine Chemicals
14.3.4 …
14.3.5 Arkema S.A.
