Methyl Mercaptan Market Reflecting a CAGR of 5.0% During the Forecast Year by 2026

Global industry analysis

The Methyl Mercaptan Market is experiencing significant growth and is expected to expand at a CAGR of around 5% by 2026. Methyl mercaptan, also known as methanethiol or methyl sulfide, is an organic compound with distinct smell and toxic properties.

Methyl mercaptan, often known as methanethiol, is a colorless gas with an unpleasant odor reminiscent of rotten cabbage. It is formed by the reaction of methanol and hydrogen sulfide gas and has the chemical formula CH4S. Methyl mercaptan is a naturally occurring chemical found in plant and animal tissues and in the human and animal body.

Found in natural gas, crude oil and some coal tar deposits, methyl mercaptan (methanethiol) is a by-product of the breakdown of organic matter. Pesticides, fuel additives, and the plastics industry all use methyl mercaptan (methanethiol) as an intermediate in the synthesis of methionine, an amino acid that is a popular feed additive in the poultry industry. .

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Other uses of methyl mercaptan are as a bactericide and as a catalyst for various reactions. Methyl mercaptan is a flammable liquid that causes eye irritation, headaches and nausea. Facility staff are well trained in the safe use of products.

The market demand for methyl mercaptan is increasing due to its application in poultry and animal feed. Growing demand for food for the growing population is a key factor driving the growth of the methyl mercaptan market globally. Another growth driver for the demand for methyl mercaptan is due to its various end uses such as:  B. Pesticide and fungicide industry, mining operation applications for telecommunications, jet fuel additives, etc.

Methyl mercaptan is a flammable and dangerous gas. Continuous exposure to it poses serious health risks. Some large companies have been forced to close their manufacturing facilities after sustaining serious injuries on their premises. Market demand for methyl mercaptan is limited as many consumers prefer organically grown foods to foods grown with synthetic additives.

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The global Methyl Mercaptan market is segmented on the basis of source, function, end-use industry, and region. Depending on the source, it is classified as methyl mercaptan obtained from natural sources and synthetic methods. The global methyl mercaptan market is segmented on the basis of function into Fungicides & Pesticides, Intermediates, Fuel Additives, Catalysts, and Others (Polymers, etc.).

Based on application industries, the global methyl mercaptan market is segmented into four categories: Chemicals, Food (e.g. Animal Feed and Poultry), Mining and Others. The chemical application segment is divided into agribusiness, petrochemical, polymer industry and others.

By region, the global methyl mercaptan market is segmented into North America (United States, Canada), Latin America (Mexico, Brazil), Western Europe (Germany, Italy, France, United Kingdom, Spain), Nordic Countries, Belgium, Netherlands, Luxembourg), and Eastern Europe ( Poland, Russia), Asia Pacific (China, India, ASEAN, Australia and New Zealand), Japan, Middle East and Africa (GCC, South Africa, North Africa).

The global methyl mercaptan market is expected to witness a single-digit CAGR in the coming years. North America, the major market region for methyl mercaptan, is expected to witness significant growth in the coming years due to food demand and expected growth in various application industries.

Asia Pacific is the second fastest-growing market for methyl mercaptan owing to its high population and food demand. Excluding China and India, South Asian countries in the region are expected to exhibit single-digit CAGRs in the methyl mercaptan market. Middle Eastern countries are also expected to see growth in the methyl mercaptan market with many oil and gas production facilities.

The major players involved in the production of methyl mercaptan face many obstacles due to the safety measures required in the manufacturing process. Growing market demand for poultry feed and emerging markets such as Asia Pacific are some of the reasons many key market players are expanding their production capacities.

These major global players are taking conscious safety precautions to avoid potential hazards in their manufacturing facilities. Global key players include Arkema (France), DuPont (US), Chevron Phillips (US), Wuji Zhongxian (China), and Evonik Industries (Germany).

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