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Thiochemicals Market Report by Product Type, Application, and Region 2024-2032

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    Report

  • 139 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5947136
Description Jump to:
The global thiochemicals market size reached US$ 1,093.7 Million in 2023. Looking forward, the publisher expects the market to reach US$ 1,663.5 Million by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2023-2032.

Thiochemicals refer to a set of chemicals, wherein the oxygen molecules present in the compound are replaced by sulfur ions through thitation or thionation reaction. They consist of mercaptans or methanethiols, which are extensively used as an odorant for desulfurization and natural gas leakage detection purposes. Apart from this, theochemical compounds are further employed to produce methyl mercaptans and utilized as an anti-cocking and polymerization agent in the polymer industry. On account of these properties, thiochemicals find extensive applications across several industrial verticals. At present, they are commercially available in varying types, such as dimethyl, sulfoxide, thioglycolic acid and ester.

Thiochemicals Market Trends:

The increasing need for animal feed to improve poultry health and fuel the production of various agricultural and animal-based products, including eggs, milk, veal, and chicken, are some of the key factors primarily driving the market growth. Thiochemicals are widely used for formulating methionine that is later incorporated in feeds as a dietary supplement. This is further supported by rising consumption of livestock meat across the globe due to growing health consciousness and awareness regarding their several nutritional properties. In line with this, rapid industrialization has prompted the extensive deployment of thiochemicals in the oil and gas industry for detecting gas leakage and desulfurization of gasoline and diesel, which, in turn, is acting as a major growth-inducing factor. Additionally, the increasing demand for thiochemicals can also be attributed to the rising environmental concerns, which have led governments of various nations to promote the uptake of natural gasses in ongoing petrochemical projects. Apart from this, strategic collaborations amongst key players and significant investments in research and development (R&D) activities to further intensify the effective usage of thiochemicals across sectors are creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global thiochemicals market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product type and application.

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

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

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Toray Fine Chemicals Co. Ltd. (Toray Industries Inc.).

Key Questions Answered in This Report

1. What was the size of the global thiochemicals market in 2023?
2. What is the expected growth rate of the global thiochemicals market during 2024-2032?
3. What are the key factors driving the global thiochemicals market?
4. What has been the impact of COVID-19 on the global thiochemicals market?
5. What is the breakup of the global thiochemicals market based on product type?
6. What is the breakup of the global thiochemicals market based on the application?
7. What are the key regions in the global thiochemicals market?
8. Who are the key players/companies in the global thiochemicals market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Thiochemicals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Mercaptan
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dimethyl Sulfoxide (DMSO)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Dimethyl Disulfide (DMDS)
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Thioglycolic Acid and Ester
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Thiourea
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Animal Nutrition
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Oil and Gas
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Polymers and Chemicals
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Food and Agrochemicals
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Automotive and Transportation
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Consumer Goods
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Plastics
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Others
7.8.1 Market Trends
7.8.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Arkema S.A.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 SWOT Analysis
13.3.2 Bruno Bock GmbH (Bruno Bock Holding GmbH & Co. KG)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Chevron Phillips Chemical Company LLC
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 SWOT Analysis
13.3.4 Daicel Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 SWOT Analysis
13.3.5 Dr. Spiess Chemische Fabrik GmbH (GECHEM GmbH & Co KG)
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Hebei Yanuo Bioscience Co. Ltd.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Hohhot Guangxin Chemical Trade Co. Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Langfang Shinya Chemical Co. Ltd.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Merck KGaA
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 TCI Chemicals (India) Pvt. Ltd
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Toray Fine Chemicals Co. Ltd. (Toray Industries Inc.)
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Thiochemicals Market: Major Drivers and Challenges
Figure 2: Global: Thiochemicals Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Thiochemicals Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Thiochemicals Market: Breakup by Application (in %), 2023
Figure 6: Global: Thiochemicals Market: Breakup by Region (in %), 2023
Figure 7: Global: Thiochemicals (Mercaptan) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Thiochemicals (Mercaptan) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Thiochemicals (Dimethyl Sulfoxide (DMSO)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Thiochemicals (Dimethyl Sulfoxide (DMSO)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Thiochemicals (Dimethyl Disulfide (DMDS)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Thiochemicals (Dimethyl Disulfide (DMDS)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Thiochemicals (Thioglycolic Acid and Ester) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Thiochemicals (Thioglycolic Acid and Ester) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Thiochemicals (Thiourea) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Thiochemicals (Thiourea) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Thiochemicals (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Thiochemicals (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Thiochemicals (Animal Nutrition) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Thiochemicals (Animal Nutrition) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Thiochemicals (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Thiochemicals (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Thiochemicals (Polymers and Chemicals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Thiochemicals (Polymers and Chemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Thiochemicals (Food and Agrochemicals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Thiochemicals (Food and Agrochemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Thiochemicals (Automotive and Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Thiochemicals (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Thiochemicals (Consumer Goods) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Thiochemicals (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Thiochemicals (Plastics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Thiochemicals (Plastics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Thiochemicals (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Thiochemicals (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia-Pacific: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia-Pacific: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Thiochemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Thiochemicals Market: Breakup by Country (in %), 2023
Figure 83: Middle East and Africa: Thiochemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Global: Thiochemicals Industry: SWOT Analysis
Figure 85: Global: Thiochemicals Industry: Value Chain Analysis
Figure 86: Global: Thiochemicals Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Thiochemicals Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Thiochemicals Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Thiochemicals Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Thiochemicals Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Thiochemicals Market: Competitive Structure
Table 6: Global: Thiochemicals Market: Key Players

Companies Mentioned

  • 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.)

Methodology

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Table Information

Report AttributeDetails
No. of Pages139
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 1093.7 Million
Forecasted Market Value ( USD ) by 2032 $ 1663.5 Million
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned11

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