Press release
Thioesters Market growth, business opportunities, share value, key insights and size estimation by 2031 | Songwon Industrial Co. Ltd., Addivant USA LLC, Reagens SPA
Thioesters Market
A thioester is a functional group in organic chemistry that has the structure R-S-CO-R'. It is related to an ester in that it has a carbonyl group (CO) in the middle, but instead of having an -O- group, it has an -S- group. The general structure of a thioester is shown below:
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Key Trends
The key trends in thioesters technology are the development of more efficient and environmentally friendly synthesis methods, the use of renewable feedstocks, and the development of new applications for thioesters.
The most significant trend in thioesters synthesis is the move away from using petroleum-based feedstocks to using renewable feedstocks such as plant oils. This shift is driven by both environmental concerns and the need for more sustainable and cost-effective synthesis methods. Plant oils are a more sustainable source of feedstock for thioesters synthesis because they are renewable and have a lower carbon footprint than petroleum-based feedstocks. In addition, plant oils are often less expensive than petroleum-based feedstocks.
Key Drivers
The key drivers of the thioesters market are the increasing use of these esters in the pharmaceutical and agrochemical industries, and the growing demand for these esters as reagents in organic synthesis. Thioesters are used in the pharmaceutical industry as intermediates in the synthesis of drugs and as active ingredients in some drugs. They are also used in the agrochemical industry as pesticides and herbicides. The growing demand for these esters in these industries is driving the growth of the thioesters market.
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Market Segments
By Type:
• DLTDP
• DTTDP
• DSTDP
By Application:
• Rubber Processing
• Plastic Processing
• Fuel and Lubricants
By Region:
• North America
• The U.S.
Key Players:
• Songwon Industrial Co. Ltd.
• Addivant USA LLC
• Reagens SPA
• Trigon Antioxidants Pvt. Ltd.
• Bioray Chemical Co. Ltd.
• Double Bond Chemical Ind. Co. Ltd.
• Mayzo. Inc
• Reagens S.p.A.
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Thioesters Market projected to reach US$ 147.7 Mn by 2028
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