Thiophene Market Report 2019: End-Uses, Value Chain Analysis, Import and Export Trends, Key Players and Market Forecast 2029
Thiophene Market: Introduction
Thiophene is a heterocyclic compound with formula C4H4S, it is colorless and has a mildly pleasant odor at room temperature. Thiophene and its derivatives can be derived from coal and petroleum. Thiophene structure can be found in certain regular items and is additionally consolidated in a few pharmacologically active compounds. Thiophene derivatives are used in medical fields for their therapeutic application. Paal- Knorr Thiophene synthesis, Fiesselmann Thiophene synthesis Gewald Aminothiophene synthesis and Hinsberg Synthesis are some of the synthetic procedures of producing thiophene. Thiophene is used as an intermediate for a lot of medicinal reactions which fall under medicinal categories. Thiophene is extensively used in fields such as material science, pharmaceuticals, API’s, agrochemicals and personal care industries furthermore biotin, which is used in a lot of personal care products, is made from thiophene.
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Thiophene Market: Dynamics
Thiophene Market: Drivers
The thiophene market growth is expected to be leveraged owing to its demand from the target end use industries including agrochemicals and pharmaceuticals. The use of thiophene derivatives are used in several medical applications such as biology, forensic and others for its chemical intermediate properties, this is expected to drive the growth of thiophene market.
The agrochemicals market is expected to increase due to the limitation of fertile land and increasing demand for better quality of food. Pesticides, insecticides are expected to play an important role in the fulfilling demand at a higher pace. Growth in agrochemicals R&D have resulted in Thiophene derivatives to have high potential for usage in protection of crops from pests and are less harmful to human health and natural resources, such factors contribute to the increase in demand for Thiophene as a raw material in agrochemical industries.
Furthermore the increasing demand in the personal care industries for better products in every cycle is a crucial factor which is expected to drive the market globally for its role in manufacturing biotin and other personal care products. Demand of Thiophene is also expected to gain traction owing to the fact that the chemical is used as a plasticizer in personal care products, dyes, plastics thus augmenting the market development of Thiophene.
Thiophene Market: Restraints
However the regulations of the government have mandated on the production of thiophene is limiting the growth of thiophene in the global market. Thiophene is known to be a toxic compound and has a critical effect on living organism on direct exposure.
Crude oil and coal prize fluctuation is expected to affect the market, as raw material prize is projected to dictate the growth or decrease of thiophene market which is expected to force the manufacturers to an economic option.
Thiophene Market: Trends
Thiophene based conducting polymers are gaining traction for specific DNA detection for multiple application in areas such as medical forensics & diagnostics and biology. Thiophene are investigated as an alternative for a DNA sensor. Multiple manufacturers are investing in R&D to discover new applications for Thiophene which is expected to propel the market over the coming years.
Thiophene Market: Segmentation
The Global Market of Thiophene can be segmented by: Source
Plant Pigments (Natural)
The Global Market of Thiophene can be segmented by: Application
Active Pharmaceutical Ingredients
The Global Market of Thiophene can be segmented by: End Use
Thiophene Market: Regional Outlook
Asia-Pacific holds the prominent share in the thiophene global market, China is one of the leading countries in thiophene production owning to rapid end use industry growth such as agrochemicals, pharmaceuticals in the recent years in the region. Personal care industries in the Asia-Pacific countries such as South Korea, Japan, India and China have shown promising growth over the recent years due to the increasing affordability and increase in per capita income. North America and Europe are expected to be prominent forces in the personal care and pharmaceutical industries owning to high disposable income and significant awareness is expected to drive the market in the region. Latin America holds to be an emerging market for thiophene due to the potential of growth in the agrochemical industries in countries such as Brazil, Mexico and Columbia, with positive government regulation the agrochemical market is expected to propel which in turn is a positive for thiophene market. The Middle East & Africa and reflect steady or moderate growth due to presence of less number of players in the region.
Thiophene Market: Key Participants
Some of the key manufacturers of Thiophene Market are listed as follows:
Zhejiang Hongyuan Pharmaceutical Co., Ltd, Modepro India Pvt. Ltd, Ruiyuan Flavor Co., Ltd, Jinan Fufang Chemical Co., Ltd, Fisher-scientific, Shandong Yuyuan Group Co., Ltd., among others
The Thiophene report covers exhaustive analysis on,
Supply & Demand Scenario
Current Trends/Issues/Challenges in Thiophene market
Competition & Companies involved in Thiophene market
Technology used in Thiophene Market
Regional analysis includes,
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
Eastern Europe (Russia, Poland, CIS)
Asia-Pacific (China, India, ASEAN, South Korea)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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