Market Overview:
The global thioacetic acid 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 thioacetic acid in various applications such as cosmetics, agrochemistry, pharmaceuticals, and food additive. In addition, the growing demand for thioacetic acid from emerging economies is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
Thioacetic acid is a colorless liquid organic compound with the formula CH3CSOH. It is an acetylthiol, derivative of acetic acid. Thioacetic acid is used as a pharmaceutical intermediate, and in the production of other chemicals.
Purity More than or euqal to 98%:
Thioacetic acid is a white crystalline compound, which is soluble in water and ethanol. It has a strong odor similar to garlic or rotten eggs. Thioacetic acid was first manufactured by the fermentation of sugarcane bagasse and has been used as an intermediate for chemicals, such as formaldehyde, acetic acid, ethylene glycolsulfate (EtG), and thioglycolic acids (TCA).
Purity < 98%:
Thioacetic acid is a white crystalline compound and is soluble in water, ethanol, diethyl ether and acetone. It has a strong odor similar to garlic or rotten eggs. Thioacetic acid pure enough for 98% can be purchased from any chemical supplier or ordered from online chemical companies such as Sigma Aldrich Corporation (SAFC), Alfa Aesar, Amazon.com Inc., Chem-Tainer LLC among others.
Application Insights:
The global thioacetic acid market has been segmented on the basis of application into cosmetics, agrochemistry, pharmaceuticals and food additives. The cosmetics sector was estimated to be the largest application segment in 2017 with a share of over 30% in terms of revenue. This is attributed to extensive usage as an astringent and skin-conditioning agent across various cosmetic formulations such as creams, lotions & gels.
Thioacetic acid is used for numerous applications within thecosmetics industry such as sun protection factor (SPF) testing and formulation aid due to its UVB/UVC filter property. It also finds use in anti-aging products that are rich in antioxidants due to its ability to minimize wrinkles caused by aging process.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing product demand from various end-use industries, such as cosmetics, pharmaceuticals, agrochemistry and food additives. The region will account for a revenue share of more than 50% by 2030 owing to rising disposable income levels coupled with expanding population base in countries like China and India.
The European market also accounted for a major revenue share in terms of volume due to stringent regulations regarding quality standards set by regulatory bodies like EMEA (Europe), FDA (USA) & Health Canada (Canada). These regulatory authorities monitor toxicology data on a regular basis so that there are no residues left behind after thioacetic acid consumption by humans or animals. Such factors are expected to drive regional demand over the forecast period.
Growth Factors:
- Increasing demand for thioacetic acid in agrochemical and pharmaceutical industries as a precursor to various sulfur-containing compounds.
- Growing demand for thioacetic acid from the textile industry as a bleaching agent and dyeing assistant.
- Rising use of thioacetic acid in the production of rubber chemicals, adhesives, and sealants.
- Increasing application scope of thioacetic acid in water treatment plants owing to its ability to remove chlorine and other disinfectants from water supplies
Scope Of The Report
Report Attributes
Report Details
Report Title
Thioacetic Acid Market Research Report
By Type
Purity More than or euqal to 98%, Purity < 98%
By Application
Cosmetics, Agrochemistry, Pharmaceuticals, Food Additive
By Companies
Toyobo, Arkema, Changzhou Jieying Chemical
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Thioacetic Acid Market Report Segments:
The global Thioacetic Acid market is segmented on the basis of:
Types
Purity More than or euqal to 98%, Purity < 98%
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
Cosmetics, Agrochemistry, Pharmaceuticals, Food Additive
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:
- Toyobo
- Arkema
- Changzhou Jieying Chemical
Highlights of The Thioacetic Acid 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:
- Purity More than or euqal to 98%
- Purity < 98%
- By Application:
- Cosmetics
- Agrochemistry
- Pharmaceuticals
- Food Additive
- 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 Thioacetic Acid 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?
Thioacetic acid is a white, crystalline compound with the chemical formula CH3COOH. It is a strong oxidizing agent that can destroy organic materials.
Some of the major companies in the thioacetic acid market are Toyobo, Arkema, Changzhou Jieying Chemical.
The thioacetic acid market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thioacetic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thioacetic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thioacetic Acid Market - Supply Chain
4.5. Global Thioacetic Acid Market Forecast
4.5.1. Thioacetic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thioacetic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thioacetic Acid Market Absolute $ Opportunity
5. Global Thioacetic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thioacetic Acid Market Size and Volume Forecast by Type
5.3.1. Purity More than or euqal to 98%
5.3.2. Purity < 98%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thioacetic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thioacetic Acid Market Size and Volume Forecast by Application
6.3.1. Cosmetics
6.3.2. Agrochemistry
6.3.3. Pharmaceuticals
6.3.4. Food Additive
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thioacetic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thioacetic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thioacetic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thioacetic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thioacetic Acid Demand Share Forecast, 2019-2026
9. North America Thioacetic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thioacetic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thioacetic Acid Market Size and Volume Forecast by Application
9.4.1. Cosmetics
9.4.2. Agrochemistry
9.4.3. Pharmaceuticals
9.4.4. Food Additive
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thioacetic Acid Market Size and Volume Forecast by Type
9.7.1. Purity More than or euqal to 98%
9.7.2. Purity < 98%
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thioacetic Acid Demand Share Forecast, 2019-2026
10. Latin America Thioacetic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thioacetic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thioacetic Acid Market Size and Volume Forecast by Application
10.4.1. Cosmetics
10.4.2. Agrochemistry
10.4.3. Pharmaceuticals
10.4.4. Food Additive
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thioacetic Acid Market Size and Volume Forecast by Type
10.7.1. Purity More than or euqal to 98%
10.7.2. Purity < 98%
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thioacetic Acid Demand Share Forecast, 2019-2026
11. Europe Thioacetic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thioacetic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thioacetic Acid Market Size and Volume Forecast by Application
11.4.1. Cosmetics
11.4.2. Agrochemistry
11.4.3. Pharmaceuticals
11.4.4. Food Additive
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thioacetic Acid Market Size and Volume Forecast by Type
11.7.1. Purity More than or euqal to 98%
11.7.2. Purity < 98%
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thioacetic Acid Demand Share, 2019-2026
12. Asia Pacific Thioacetic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thioacetic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thioacetic Acid Market Size and Volume Forecast by Application
12.4.1. Cosmetics
12.4.2. Agrochemistry
12.4.3. Pharmaceuticals
12.4.4. Food Additive
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thioacetic Acid Market Size and Volume Forecast by Type
12.7.1. Purity More than or euqal to 98%
12.7.2. Purity < 98%
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thioacetic Acid Demand Share, 2019-2026
13. Middle East & Africa Thioacetic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thioacetic Acid Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thioacetic Acid Market Size and Volume Forecast by Application
13.4.1. Cosmetics
13.4.2. Agrochemistry
13.4.3. Pharmaceuticals
13.4.4. Food Additive
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thioacetic Acid Market Size and Volume Forecast by Type
13.7.1. Purity More than or euqal to 98%
13.7.2. Purity < 98%
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thioacetic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thioacetic Acid Market: Market Share Analysis
14.2. Thioacetic Acid Distributors and Customers
14.3. Thioacetic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toyobo
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arkema
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Changzhou Jieying Chemical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
