Press release
Vinyl Sulfone Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Bodal Chemicals Ltd., Kiri Industries Limited, Shree Pushkar Chemicals and Fertilizers Ltd., Bhageria Industries Limited
Vinyl Sulfone Market Characteristics
The Business Research Company offers in-depth market insights through Vinyl Sulfone Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The vinyl sulfone market size has grown steadily in recent years. It will grow from $1.8 billion in 2023 to $1.87 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to research and development initiatives, emergence of specialty chemicals, expansion in chemical industries, advancements in reactive chemistry, textile industry adoption..
The vinyl sulfone market size is expected to see steady growth in the next few years. It will grow to $2.27 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to rise in demand for reactive dyes, expansion in pharmaceuticals, increased applications in water treatment, market penetration in emerging economies, focus on sustainable chemistry.. Major trends in the forecast period include shift towards sustainable chemicals, rise in textile and leather industries, technological advancements in polymerization, healthcare industry demand, market expansion in developing regions..
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Market Segmentation:
The vinyl sulfone market covered in this report is segmented -
1) By Type: Divinyl Sulfone, Phenyl Vinyl Sulfone, Methyl Vinyl Sulfone, Vinyl Sulfone Ester
2) By Application: Dyestuff Manufacturing, Chemical Intermediate, Proteomics, Other Applications
Major Driver - Textile Boom Propels Vinyl Sulfone Market
The rise in demand for textile products is driving the vinyl sulfone market. Textile products are raw, semi-finished products made from fibers such as nylon, silk, and cotton. Vinyl sulfone is used as a major component of reactive dyes that are used in the textile industry for coloring textiles. For instance, in May 2023, according to National Council of Textile Organizations (NCTO) is a US-based trade association that representing textile industry, in 2022, the estimated value of U.S. shipments in the man-made fiber, textile, and apparel sector reached $65.8 billion, showing an increase from the $64.04 billion recorded in 2021. Notably, U.S. exports in textiles and apparel to the Western Hemisphere experienced a significant rise of 14.9%, reaching a total of $18 billion in 2022. As a result, the increasing demand for textile products is driving the vinyl sulfone market forward.
Competitive Landscape:
Major companies operating in the vinyl sulfone market report are Bodal Chemicals Ltd., Kiri Industries Limited, Shree Pushkar Chemicals and Fertilizers Ltd., Bhageria Industries Limited, AksharChemIndia, Atul Ltd., Ambuja Intermediates Pvt. Ltd., Mayur Dye-chem Intermediates LLP, Sigma Aldrich Inc., SulphonChem Industries Pvt. Ltd., VDC Group, Matangi Industries LLP, EMCO Dyestuff Pvt Ltd., Techno Color Corporation, Kolorjet Chemicals Pvt Ltd., Hangzhou Dayangchem Co. Ltd., Haihang Industry Co. Ltd., Hubei Jusheng Technology Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Jiaxing Sunlong Industrial & Trading Co. Ltd., Shanghai Worldyang Chemical Co. Ltd., Xiamen Hisunny Chemical Co. Ltd., Zhejiang J&C Biological Technology Co. Ltd., AkzoNobel N.V., BASF SE, Changzhou Huimei Chemical Co. Ltd., Chemtura Corporation, Clariant AG, Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, FMC Corporation .
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Top Trend - Innovative Reactive Dye Revolutionizes Vinyl Sulfone Market
Product innovations are a key trend gaining popularity in the vinyl sulfone market. Major companies in the market are introducing innovative products such as AVITERA®SE reactive dye to sustain their position in the market. For instance, in March 2022, Huntsman, a US-based manufacturer of chemical products, launched the new 3rd generation AVITERA SE sustainable reactive dye range. The vinyl sulfone-based dye reduces the dyeing and washing-off cycle and offers up to 50% savings on water and electricity consumption. It also offers greater right-first-time performance and great compatibility.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vinyl Sulfone Market Characteristics
3. Vinyl Sulfone Market Trends And Strategies
4. Vinyl Sulfone Market - Macro Economic Scenario
5. Vinyl Sulfone Market Size And Growth
…..
27. Vinyl Sulfone Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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