What are the Primary Applications that Generate Demand for Vinyl sulfone?

Over the past-half decade, dyestuff manufacturing has shown a promising growth across the regions. Rising research and development investments in dyestuff manufacturing has not only bolstered the market value but also enhanced the integration of the dye stuffs in textile industry. Growth of dye stuff industry has boosted the demand for the vinyl sulfone family which includes divinyl sulfone, phenyl vinyl sulfone, methyl vinyl sulfone and vinyl sulfone ester.

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Asia Pacific is considered to be the hotspot for dye stuff manufacturing and over the past half-decade, shift in policies in developed economies regarding utilization of harmful chemicals has turned the trade winds and investment storm towards the region. Thus creating a hot spot for dyestuff manufacturing but also for the vinyl sulfone market. All in all vinyl sulfone is anticipated to grow at a faster rate on the back of dyestuff manufacturing over long-run forecast period.

As per a new report published by Fact.MR, the vinyl sulfone market is anticipated to surpass US$ 1.2 Bn in 2021, and is poised to expand at a CAGR of around 4% over the next ten years.

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Market Segmentation

Fact.MR has studied the vinyl sulfone market with detailed segmentation on the basis of type, application, and key regions.

By Type

Divinyl Sulfone
Phenyl Vinyl Sulfone
Methyl Vinyl Sulfone
Vinyl Sulfone Ester

By Application

Dyestuff Manufacturing
Chemical Intermediates
Proteomics
Others
Colors
Paints
Pigments
Rubber
Plastics
Leather

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By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Key Take aways from Study

The vinyl sulfone ester type to capture a major chunk, equivalent to three-fourth of the global market share, and are set to create an absolute $ opportunity of around US$ 600 Mn over 2021-2031.
Among the application,the dyestuff manufacturing sector has been the fastest-growing segment, owing to rise of the textile industry over the past decade.

The market in Germany, China, and the U.S. is expected to rise at around 3% CAGR through 2031.
Asia Pacific captures more than one-third of the global market share.

Due to the COVID-19 crisis, demand forvinyl sulfones was hit in 2020, which saw a decline of 2% over the 2nd and 3rd quarters.

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“The global vinyl sulfone market is anticipated to add 2X value by 2031,” says a Fact.MR analyst.

Short-term Strategy

Conservative and organic method is anticipated to be followed as key strategies by the vinyl sulfone manufacturers over the short-run forecast period owing to the shrinkage in investments in the market. Lower cash flow and higher savings in the market is set to cease the market growth. But manufacturers are set to strengthen their sales channel by collaborating under two-part tariff to secure the long-run revenue.

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global vinyl sulfone market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of type(divinyl sulfone, methyl vinyl sulfone, phenyl vinyl sulfone and vinyl sulfone ester) and application(dyestuff manufacturing, chemical intermediates, proteomics and others[colour, paint, rubber, leather, plastic]) across five major regions (North America, Latin America, Europe, Asia Pacific and the Middle East & Africa).

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This release was published on openPR.