Market Overview:
The global thiourea 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 thiourea from various end-use industries, such as pesticide industry, textile industry, chemical industry, and others. In terms of type, the industrial grade segment is expected to hold a major share of the global thiourea market during the forecast period. This can be attributed to its high demand from various end-use industries across different regions.
Product Definition:
A compound having the formula NH2CSNH2, used in organic synthesis and as a photographic developer.
Industrial Grade:
Industrial grade is a type of thiourea, which is used as an intermediate in the production of chemicals and pharmaceuticals. It's major application includes production of urea-formaldehyde resins, which are widely utilized for manufacturing wood products such as plywood and particle boards. Industrial grade thiourea has high purity level compared to other grades; it also has higher molecular weight leading to better performance during polymerization.
Pharmaceutical Grade:
Pharmaceutical grade thiourea is a chemical compound used as an intermediate in the production of chemicals such as urea, melamine, and thioglycolic acid. It is also used in the synthesis of antibiotics such as penicillin. The product finds application across various end-use industries including pharmaceuticals & biotechnology and chemical manufacturing among others.
Application Insights:
Pesticide industry emerged as the leading application segment and accounted for a revenue share of over 40.0% in 2017. The product is widely used in the formulation of various pesticides, including herbicides, insecticides, and fungicides. It acts as an effective chelating agent that helps to remove metal ions from solution which results in improved stability and increased shelf life of products containing thiourea such as pesticides.
The textile industry is anticipated to be one of the fastest-growing segments during the forecast period owing to increasing demand for synthetic fibers coupled with growing population globally. Increasing use of natural fibers such as cotton along with synthetic ones has resulted in high demand for processing technologies that can produce higher quality textiles at lower costs while maintaining high standards regarding fabric appearance and texture retention ability over time (matting). This trend is expected to continue over the next few years driving market growth further during this period.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth of this region is mainly attributed to China and India. In 2017, China was a major consumer of thiourea with more than 50% consumption in that country. Rapid industrialization along with increasing demand from pesticide, textile, and chemical industries has been fueling market growth in Asia Pacific region.
Europe accounted for more than 20% share of global volume in 2017 owing to stringent regulations by European Commission regarding production and usage of pesticides coupled with growing demand for biostimulant products across countries such as France, Germany, Italy among others will drive industry expansion over next eight years.
Growth Factors:
- Increasing demand for thiourea in agrochemicals and pharmaceuticals owing to its properties as an intermediate in the synthesis of various drugs and pesticides.
- Rising demand for thiourea from the textile industry as a precursor to sulfur dyes and other chemicals used in dyeing textiles.
- Growing use of thiourea as a catalyst in various chemical processes, especially those involving the production of plastics and rubber products.
- Rapid expansion of the electronics industry, which is driving up demand for thiourea-based semiconductor materials and other electronic components/products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thiourea Market Research Report
By Type
Industrial Grade, Pharmaceutical Grade, Other
By Application
Pesticide Industry, Textile Industry, Chemical Industry, Other
By Companies
FLEXSYS, Sanshin Chemical, SHIKOKU CHEMICALS, Prism Sulphur, SHELL, Kennecott, Chevron Phillips Chemical, SKW Piesteritz, Hebei Xinji Chemical Group, Tianjin Ruister International, Guizhou Hongkai 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Thiourea Market Report Segments:
The global Thiourea market is segmented on the basis of:
Types
Industrial Grade, Pharmaceutical Grade, Other
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
Pesticide Industry, Textile Industry, Chemical Industry, Other
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:
- FLEXSYS
- Sanshin Chemical
- SHIKOKU CHEMICALS
- Prism Sulphur
- SHELL
- Kennecott
- Chevron Phillips Chemical
- SKW Piesteritz
- Hebei Xinji Chemical Group
- Tianjin Ruister International
- Guizhou Hongkai Chemical
Highlights of The Thiourea 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:
- Industrial Grade
- Pharmaceutical Grade
- Other
- By Application:
- Pesticide Industry
- Textile Industry
- Chemical Industry
- Other
- 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 Thiourea 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?
Thiourea is a chemical compound with the formula (NH4)2S. It is a white solid that is soluble in water and most organic solvents. Thiourea can be used as an oxidizing agent in organic synthesis, and it has been used to study the structure of proteins and DNA.
Some of the key players operating in the thiourea market are FLEXSYS, Sanshin Chemical, SHIKOKU CHEMICALS, Prism Sulphur, SHELL, Kennecott, Chevron Phillips Chemical, SKW Piesteritz, Hebei Xinji Chemical Group, Tianjin Ruister International, Guizhou Hongkai Chemical.
The thiourea market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thiourea 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. Thiourea Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thiourea Market - Supply Chain
4.5. Global Thiourea Market Forecast
4.5.1. Thiourea Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thiourea Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thiourea Market Absolute $ Opportunity
5. Global Thiourea 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. Thiourea Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Pharmaceutical Grade
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thiourea 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. Thiourea Market Size and Volume Forecast by Application
6.3.1. Pesticide Industry
6.3.2. Textile Industry
6.3.3. Chemical Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thiourea 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. Thiourea 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 Thiourea 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. Thiourea 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 Thiourea Demand Share Forecast, 2019-2026
9. North America Thiourea 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 Thiourea 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 Thiourea Market Size and Volume Forecast by Application
9.4.1. Pesticide Industry
9.4.2. Textile Industry
9.4.3. Chemical Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thiourea Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Pharmaceutical Grade
9.7.3. Other
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 Thiourea Demand Share Forecast, 2019-2026
10. Latin America Thiourea 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 Thiourea 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 Thiourea Market Size and Volume Forecast by Application
10.4.1. Pesticide Industry
10.4.2. Textile Industry
10.4.3. Chemical Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thiourea Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Pharmaceutical Grade
10.7.3. Other
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 Thiourea Demand Share Forecast, 2019-2026
11. Europe Thiourea 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 Thiourea 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 Thiourea Market Size and Volume Forecast by Application
11.4.1. Pesticide Industry
11.4.2. Textile Industry
11.4.3. Chemical Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thiourea Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Pharmaceutical Grade
11.7.3. Other
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 Thiourea Demand Share, 2019-2026
12. Asia Pacific Thiourea 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 Thiourea 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 Thiourea Market Size and Volume Forecast by Application
12.4.1. Pesticide Industry
12.4.2. Textile Industry
12.4.3. Chemical Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thiourea Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Pharmaceutical Grade
12.7.3. Other
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 Thiourea Demand Share, 2019-2026
13. Middle East & Africa Thiourea 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 Thiourea 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 Thiourea Market Size and Volume Forecast by Application
13.4.1. Pesticide Industry
13.4.2. Textile Industry
13.4.3. Chemical Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thiourea Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Pharmaceutical Grade
13.7.3. Other
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 Thiourea Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thiourea Market: Market Share Analysis
14.2. Thiourea Distributors and Customers
14.3. Thiourea Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. FLEXSYS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sanshin Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SHIKOKU CHEMICALS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Prism Sulphur
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SHELL
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kennecott
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chevron Phillips Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SKW Piesteritz
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hebei Xinji Chemical Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tianjin Ruister International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Guizhou Hongkai Chemical
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
