openPR Logo
Press release

Polythiols Market Gain Impetus due to the Growing Demand over 2019 2029

01-22-2020 01:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Polythiols Market Gain Impetus due to the Growing Demand over

The polythiols market is forecast to witness a lower single digit growth rate in the coming years, as indicated by a recent intelligence study of Fact.MR. The report opines that polythiols sales will be sustained by continued demand for epoxy curing agents and expansion of end-use industries.

Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=1256

Polythiols have been the key thiochemicals with wide applicability in animal feed sector, oil & gas industry, and paints & coatings industry. However, application of polythiols in curing of epoxy resins and chain transfer reactions will remain key contributors to revenue growth of the polythiols market. Sealants currently account for over 45% of demand for polythiols and will remain the key consumer category in polythiols market.

Accounting for over 2/5th of the global Polythiols Market revenues, East Asia continues to be a lucrative market for stakeholders. Expansion of construction, automotive, and semiconductor industries across the region, particularly in China, Japan, and South Korea, is likely to establish a firm base for sustained adoption of polythiols within the region. While China and India have been high growth markets for construction industry, the smart city initiatives further point to a relatively optimistic outlook of polythiols in the forthcoming years. 

Rising Preference for Bio-Based Epoxy Curing Agents Shaping Innovations

One of the raw materials used in manufacturing of polythiols, 1,8-Dimercapto-3,6-dioxaoctane (DMDO) has recently been gaining momentum in the sealants, coatings, and adhesives landscape. DMDO is highly likely to witness considerably increasing demand owing to attributes, such as less viscosity, reduced gel time, and superior reactivity at lower temperatures. Several manufacturers of polythiols, Arkema being one of the first movers, are preferring DMDO as it allows for generation of new polythiols without ester groups, which is accountable for water resistant abilities of end products.

In the backdrop of considerably high emission of volatile organic compounds (VOCs) during the production of epoxy resins, manufacturers are embracing the mass shift to bio-based raw materials that can assist a potentially sustainable production of epoxy curing agents. In line with tightening regulatory framework in favor of adopting eco-friendly production process for epoxy curing agents, bio-based raw materials, such as natural polythiols are highly likely to see a heap of new opportunities in market over the course of coming years.

The epoxy curing agents landscape is accelerating its shift to bio-based agents, which is being perceived as a profitable innovation opportunity for stakeholders in the polythiols market. The growth of market will however continue to be restricted by sustained end-use preference to superior alternatives of polythiols. While a majority of the demand for thiochemicals is generated for applications in adhesives, sealants, coatings, animal feed, the report also highlights sustained demand for oil and gas industry related applications. To align the thiochemicals supply with rising demand from various end-use industries, manufacturers operating in thiochemicals industry have been strategizing on production capacity expansion.

Request Methodology of this Report- https://www.factmr.com/connectus/sample?flag=RM&rep_id=1256

For instance, in 2018, Arkema announced the expansion of its thiochemicals production facility based in its Texas plant. The expansion project specifically targets the increasing demand for liner mercaptans from the electronics and transportation industries. The overall production capacity of Arkema’s newly expanded plants is claimed to be upped by 30%. Earlier, in 2017, Chevron Phillips Chemical Company LLC had also expanded the capacity of its Belgium-based plant by debottlenecking the production units of ethyl mercaptan (EM) and tetrahydrothiophene (THT). Additionally, key companies participating in the polythiols industry landscape are relying on strategic mergers, acquisitions, and collaborations for a firmer footprint in global market.

This study on the global polythiols market unleashes the key dynamics, opportunities, and trends shaping the competition landscape of market over the years to come. Between 2019 and 2029, the report expects polythiols market revenues to witness modest growth at 3.6% CAGR.

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized industrial goods market reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polythiols Market Gain Impetus due to the Growing Demand over 2019 2029 here

News-ID: 1904409 • Views:

More Releases from Fact.MR

System Integration Market Is Projected To Rise At A CAGR Of 18.7% Through 2034: Fact.MR Report
System Integration Market Is Projected To Rise At A CAGR Of 18.7% Through 2034: …
The global system integration market is estimated to have a valuation of US$ 401.8 billion in 2024. Projections put the CAGR of the market for the 2024 to 2034 period at a remarkable 18.7%. The market's growth over the forecast period is set to inflate significantly, reaching a projected value of US$ 2,236.6 billion by 2034. The System Integration Industry sales study offers a comprehensive analysis on diverse features including production
Bromelain Market Is Forecasted To Reach US$ 56.2 Million By The End Of 2034: Fact.MR Report
Bromelain Market Is Forecasted To Reach US$ 56.2 Million By The End Of 2034: Fac …
Bromelain market size is pegged at US$ 27.3 million for 2024. Worldwide demand for bromelain is predicted to increase at a robust CAGR of 7.5% and reach a market value of US$ 56.2 million by the end of 2034. The Bromelain Industry sales study offers a comprehensive analysis on diverse features including production capacities, Bromelain demand, product developments, sales revenue generation and Bromelain market outlook across the globe. market research report by
Writing Instruments Market Is Projected To Reach US$ 20.54 Billion By The End Of 2034: Fact.MR Report
Writing Instruments Market Is Projected To Reach US$ 20.54 Billion By The End Of …
The global writing instrument market size is calculated at US$ 14.28 billion for 2024 and is projected to reach US$ 20.54 billion by 2034-end. Worldwide demand for writing instruments is projected to expand at a CAGR of 3.7% from 2024 to 2034. The Writing Instrument Industry sales study offers a comprehensive analysis on diverse features including production capacities, Writing Instrument demand, product developments, sales revenue generation and Writing Instrument market outlook
Lifesciences Data Mining and Visualization Market Rising at 9.1% CAGR to Reach US$ 19.9 Billion by 2033
Lifesciences Data Mining and Visualization Market Rising at 9.1% CAGR to Reach U …
The worldwide data mining and visualization market in the life sciences sector is projected to exceed $8.3 billion by 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.1%, reaching $19.9 billion by 2033. In 2022, revenue from data mining and visualization in the life sciences amounted for 7% of the total data analytics market. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗢𝗳 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=459 Using data mining and visualization

All 5 Releases


More Releases for Polythiols

Synthetic Polythiols Market is Anticipated to Record the Rapid Growth and Promin …
To make market monitoring and sale services easier, this Synthetic Polythiols market Report concentrates on key market segments. It will also help you attract different types of customers by putting forth important tactics. It also reveals the competitors' strengths and weaknesses in the competition analysis section. In order to expand your brand and get a presence in the business, this Synthetic Polythiols market Report will also help you identify consumer
Global Polythiols Sales, Revenue and Market Share by Manufacturer (2020-2025)
This report also researches and evaluates the impact of Covid-19 outbreak on the Polythiols industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Polythiols and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).   Global Info Research offers a latest published report on Polythiols Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This
Global Polythiols Market to Witness a Pronounce Growth During 2025
LP INFORMATION recently released a research report on the Polythiols analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “Polythiols 2020-2025” Research Report categorizes the global Polythiols by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities and trends, investment
Polythiols Market to Witness Comprehensive Growth by 2025
Polythiols are mixes with a few mercaptans functions. They can be utilized in various applications, for example, the preparation of adhesives and sealants or as chain exchange operators. Polythiols is a fluid pitch comprised by a principle polyether chain with the thiol base presented at its finishes. At the point when joined with epoxy gum utilizing amine impetus, QE-340M can fix the tar rapidly. It is utilized as a snappy
Innovative Trends Steer Demand for Polythiols during 2019 to 2029, reports Fact. …
The polythiols market is forecast to witness a lower single digit growth rate in the coming years, as indicated by a recent intelligence study of Fact.MR. The report opines that polythiols sales will be sustained by continued demand for epoxy curing agents and expansion of end-use industries. This study on the global polythiols market unleashes the key dynamics, opportunities, and trends shaping the competition landscape of market over the years
Polythiols Market Revenue and Growth Rate 2018 to 2028
Polythiols are compounds in a liquid state, which have several mercaptan functions. Polythiols have a wide range of applications in various industrial sectors. Polythiols help bring about toughness or hardness to the resin in which they are added in the presence of a catalyst. These polythiols have a very wide range of applications in paints, electrical, automotive and construction sectors as adhesives and sealants. Polythiols are also used as chain