The Global Ethyl Mercaptan Market Is Set To Surpass Value Of US $ 400.0 Mn By 2031

According to latest research by Fact.MR, the global ethyl mercaptan market is set to surpass value of US $ 400.0 Mn by 2031 at a higher single-digit CAGR. Due to its pungent smell, it is highly been utilized in natural gas, chemical processing units and other industries for identifying minute leaks. This will lead to giving a tremendous growth rate to the sale in terms of both volume & value during the forecast period.

Muted demand from end-use industries has bottlenecked the opportunities in Q3 and Q4 of 2020 with growth rate of -4.8% during this year. However, the consumption of ethyl mercaptan in plastic manufacturing industries is likely to provide momentum in next couple of years.

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Who are the Key Manufacturers and Suppliers of Ethyl Mercaptan?
Some of the leading manufacturers and suppliers of ethyl mercaptan include Chevron Phillips Chemical, Sunland Chemical, parchem, SAE Manufacturing Specialties Corp, M Chemical Company, Inc., Scientific Solutions, LLC, Arnette Polymers LLC, Mallinckrodt, Inc., Shandong Zhi Shang Chemical Co., Ltd, Arkema S.A., N SHASHIKANT & CO., DowDuPont Inc., TCI Chemicals and other prominent companies.

What is Driving Demand for Ethyl mercaptan?
The consumption of ethyl mercaptan for leak identification in chemical processing units and natural gas industries has attracted a large number of consumers globally, and likely to follow the same trend in near future.

Due to its significant heating value, when it is being dissolved with natural gases it does not affect the heating value. In addition to this, it is been highly consumed in the synthesis of agrochemicals and other specialty chemicals.

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Key Segments:
By formation Method
Ethanol / Ethylene Method
Anhydrous Ethanol Method
Ethyl Chloride Method
Other Methods
By Form
Liquid
Gas

By Raw Materials
Carbon
Hydrogen
Sulphur

By End Use Industry
Chemical Industry
Natural Gas industry
Plastic Industry
Pharmaceutical industry
Agrochemical Industry
Food industry
Others

By Application
Chemical Synthesis
Ink/ Dye additives
Lpg Odorization
Antioxidants
Pesticide Intermediates
Warning Agents
Others

By Characteristics
Colorless to yellow appearance
Pungent smell
Highly flammable

By Distribution Channel
Offline
Chemical Stores
Multi-brand Stores
Retail Sales
Distributor Sales
Online
E-commerce Websites
Company-owned Websites

By Region
North America
US & Canada
Latin America
Brazil, Mexico, Argentina & Rest of Latin America
Europe
Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
East Asia
China, Japan, South Korea
South Asia
India, Thailand, Malaysia, Indonesia and Rest of South Asia
Oceania
Australia and New Zealand
Middle East and Africa
GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa

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Natural Gas Industry is Likely to Augment Ethyl mercaptan Sales
Natural gases are odorless and colorless, due to this property it's very difficult to identify the leakage. The natural gas leakage can cause an accident in residential and industrial areas. The utilization of ethyl mercaptan in natural gas addresses this challenge and also ensures the quality of natural gas.

The expanding industrialization across the globe has observed a convenient consumption of natural gas as a power source since it is cheaper than petrol, diesel and electricity. The consumption of natural gas is attributed to provide numerous growth opportunities to manufacturers.

Ethyl Mercaptan Market Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Queries addressed in the Ethyl Mercaptan Market report:
Why are the Ethyl Mercaptan Market players targeting region for increased product sales?
What patented technologies are the players utilizing in the global Ethyl Mercaptan Market?
Which regions are displaying the fastest growth in the Ethyl Mercaptan Market?
What are the underlying micro- macroeconomic factors affecting the global Ethyl Mercaptan Market?

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