Thiochemicals Market Size is Predicted to Reach US$ 1,432.1 Million by 2028

IMARC Group, a leading market research company, has recently releases report titled “Thiochemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The report offers a comprehensive analysis of the industry, which comprises insights on the global thiochemicals market share. The global thiochemicals market size reached US$ 1038.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,432.1 Million by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

Thiochemicals, also known as sulfur-containing chemicals, contain sulfur atoms within their molecular structure. They are corrosion inhibitors that protect metal surfaces from deterioration in industrial settings. They are widely used to synthesize various organic compounds, including pharmaceuticals, pesticides, and dyes. They are employed in formulating unique scents and flavors in the fragrance and perfume industry. They are also utilized in drug synthesis and as active ingredients in some medications. They find applications in wastewater treatment plants to remove sulfur compounds that contribute to pollution. Besides this, thiochemical-based pesticides help control pests and diseases in agriculture.

For an in-depth analysis, you can refer sample copy of the report:

Thiochemicals Market Trends and Drivers:

The expansion of the global chemical industry and their rising reliance on thiochemicals represent one of the key factors influencing the market positively. Additionally, the increasing number of hotels and restaurants and the product utilization as food additives and preservatives are offering a favorable market outlook. Apart from this, the expanding use of thiochemicals in the oil and gas industry for sour gas removal is strengthening the growth of the market. Furthermore, the implementation of various stringent environmental regulations requiring reduced sulfur emissions and cleaner processes are resulting in the development and adoption of thiochemicals for pollution control and emission reduction. Moreover, continuous advancements in pharmaceutical research and development (R&D) are driving the need for thiochemicals in the synthesis of active pharmaceutical ingredients (APIs).

Competitive Landscape with Key Player:

  • Arkema S.A.
  • Bruno Bock GmbH (Bruno Bock Holding GmbH & Co. KG)
  • Chevron Phillips Chemical Company LLC
  • Daicel Corporation
  • Dr. Spiess Chemische Fabrik GmbH (GECHEM GmbH & Co KG)
  • Hebei Yanuo Bioscience Co. Ltd.
  • Hohhot Guangxin Chemical Trade Co. Ltd.
  • Langfang Shinya Chemical Co. Ltd.
  • Merck KGaA
  • TCI Chemicals (India) Pvt. Ltd
  • Toray Fine Chemicals Co. Ltd. (Toray Industries Inc.).

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

  • Mercaptan
  • Dimethyl Sulfoxide (DMSO)
  • Dimethyl Disulfide (DMDS)
  • Thioglycolic Acid and Ester
  • Thiourea
  • Others

Breakup by Application:

  • Animal Nutrition
  • Oil and Gas
  • Polymers and Chemicals
  • Food and Agrochemicals
  • Automotive and Transportation
  • Consumer Goods
  • Plastics
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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