Data Bridge Market Research analyses that the thiochemicals market was valued at USD 2086.64 million in 2021 and is expected to reach USD 2643.29 million by 2029, registering a CAGR of 3.00% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Thiochemicals are a class of chemicals in which the oxygen molecule is replaced by sulphur, resulting in a thio-compound. Thionation is a chemical reaction in which the sulphur ion replaces the oxygen ion. Sulfur, as a major compound which is used in the production of thiochemicals mainly in methyl mercaptan, which act as a precursor for the amino acid used in animal nutrition products.
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Some of the major players operating in the thiochemicals market are:
- Arkema (France)
- Merck KGaA (Germany)
- Hebei Yanuo Bioscience Co., Ltd. (China)
- Varsal (U.S.)
- TCI Chemicals (India) Pvt. Ltd. (India)
- Dr. Spiess Chemische Fabrik GmbH (Germany)
- Uniwin Chemical Co., Ltd. (China)
- BASF SE (Germany)
- Esseco SRL (Italy)
- Galactic (U.S.)
- Allan Chemical Corporation (U.S.)
- Samirian Chemicals Inc. (U.S.)
- Noah Chemicals (U.S.)
- Dastech (U.S.)
Global Thiochemicals Market Scope:
The thiochemicals market is segmented on the basis of product type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Mercaptan, Dimethyl Sulfoxide (DMSO)
- Dimethyl disulphide (DMDS)
- Thioglycolic Acid and Ester
- Thiourea
- Others
Application
- Animal Nutrition
- Oil and Gas
- Polymers and Chemicals
- Food and Agrochemicals
- Automotive and Transportation
- Consumer Goods
- Plastics
- Others
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Thiochemicals Market Regional Analysis/Insights:
The thiochemicals market is analysed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the thiochemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the thiochemicals market in terms of revenue and market share. This is due to the high demand due to the high demand for thiochemicals because of growing number of oil and gas fields in this region.
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