The Mercaptan Market Size was valued at USD 1.79 billion in 2022, and expected to reach USD 2.72 billion by 2030, and grow at a CAGR of 5.4% over the forecast period 2023-2030.
The group of organic compounds known as "mercaptans" consists of an aryl or alkyl group and a thiol group. The gas mecaptan, also known as methanethiol, is odourless but has a strong odour that has been compared to that of rotten cabbage or musty socks. It is frequently added to colourless, odourless natural gas in order to make it more visible. It is an organic material composed of sulphur, hydrogen, and carbon. It occurs naturally as a waste product of regular metabolism in all living things, including the human body. One of the compounds that causes flatulence and the unpleasant smell of poor breath.
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Drivers:
Mercaptan-based pesticides and fungicide intermediate sales are increasing as a result of the expanding agrochemicals market
Restraints:
Growing Environmental and Health Concerns
Opportunity:
Increasing the use of mercaptan in the manufacture of plastics will open up profitable opportunities
Challenge:
Changing prices for raw materials
The outbreak has had a considerable influence on global manufacturing processes, trade, and supply chains for chemicals and minerals. Due to market participants' need to close production facilities or run them at less than optimal production levels in order to prevent the spread of the new coronavirus COVID-19, mecaptan output fell during the COVID-19 pandemic. Mercaptan manufacturing has also been hampered by the scarcity of raw materials due to supply disruptions brought on by border and trade restrictions. However, some significant market participants have kept running their manufacturing plants. Additionally, the low demand from the end-use sectors and the falling costs of raw materials have led to surplus stockpiles and decreased production.
Hydrogen sulphide, ethylene, propene, methanol, and hydrogen sulphide are the main raw materials utilised to make mercaptan. The raw material supply was severely impacted by the outbreak. The global COVID crisis, which had an impact on both the price margins of raw materials and finished goods, severely hurt the chemical industry. Thus, the outbreak has caused a disruption in the supply-demand for raw materials, which has had a significant impact on the manufacturing of chemicals.
A little but valuable segment of the worldwide chemical business, which is reliant on dependable supply and is interconnected, is where Mercaptan is found.
By Type
Methyl Mercaptan
Ethyl Mercaptan
Propyl Mercaptan
Butyl Mercaptan
Octyl Mercaptan
Dodecyl Mercaptan
Others
By Application
Pesticides
Jet Fuels and Plastics
Natural Gas
Food and Nutrition
Animal Feed
Others
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By value and volume, the market in the Asia-Pacific region held the biggest share in 2020, followed by the markets in North America and Europe. Manufacturers can expand in the Asia-Pacific market, which is expected to grow at the greatest CAGR. Increased government spending, increased manufacturing capacity, cooperation among important regional companies, and high demand from end-use sectors are the main causes of this rise. Another factor contributing to the expansion of mercaptan in the nation was the fact that China has emerged as one of the world's top producers and users of agrochemicals.
The market in North America was the second-largest. The expanding chemical sector in the US is primarily responsible for the expansion of the mercaptan market in North America. Due to their rising use for the synthesis of specialised chemicals and leakage identification, the chemical industries will consume the most mercaptan in North America. Additionally, many multinational corporations have plans to develop new facilities and grow in the area. The development of the mercaptan industry and technological improvements are primarily responsible for Europe's progress.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
ARKEMA, Chevron Phillips Chemical Company LLC., Evonik, TORAY FINE CHEMICALS CO., LTD., Jiande Xingfeng Chemical Co., Ltd., Huntsman International LLC., other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.79 Billion |
| Market Size by 2030 | US$ 2.72 Billion |
| CAGR | CAGR of 5.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Methyl Mercaptan, Ethyl Mercaptan, Propyl Mercaptan, Butyl Mercaptan, Octyl Mercaptan, Dodecyl Mercaptan, Others) • By Application (Pesticides, Jet Fuels and Plastics, Natural Gas, Food and Nutrition, , Animal Feed, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ARKEMA, Chevron Phillips Chemical Company LLC., Evonik, TORAY FINE CHEMICALS CO., LTD., Jiande Xingfeng Chemical Co., Ltd., Huntsman International LLC., other players |
| DRIVERS | • Mercaptan-based pesticides and fungicide intermediate sales are increasing as a result of the expanding agrochemicals market. |
| Restraints | • Growing Environmental and Health Concerns |
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The outbreak has had a considerable influence on global manufacturing processes, trade, and supply chains for chemicals and minerals. Due to market participants' need to close production facilities or run them at less than optimal production levels in order to prevent the spread of the new coronavirus COVID-19, mecaptan output fell during the COVID-19 pandemic. Mercaptan manufacturing has also been hampered by the scarcity of raw materials due to supply disruptions brought on by border and trade restrictions. However, some significant market participants have kept running their manufacturing plants. Additionally, the low demand from the end-use sectors and the falling costs of raw materials have led to surplus stockpiles and decreased production.
Ans: Increasing the use of mercaptan in the manufacture of plastics will open up profitable opportunities are the opportunity for Mercaptan Market.
Ans: Mercaptan Market Size was valued at USD 1.7 billion in 2021, and expected to reach USD 2.4 billion by 2028, and grow at a CAGR of 5.4 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Mercaptan Market Segment, By Type
8.1 Methyl Mercaptan
8.2 Ethyl Mercaptan
8.3 Propyl Mercaptan
8.4 Butyl Mercaptan
8.5 Octyl Mercaptan
8.6 Dodecyl Mercaptan
8.7 Others
9.Mercaptan Market Segment, By Application
9.1 Pesticides
9.2 Jet Fuels and Plastics
9.3 Natural Gas
9.4 Food and Nutrition
9.5 Animal Feed
9.6 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profile
11.1 ARKEMA
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Chevron Phillips Chemical Company LLC.
11.3 Evonik, TORAY FINE CHEMICALS CO., LTD.
11.4 Jiande Xingfeng Chemical Co., Ltd.
11.5 Huntsman International LLC.
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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