Thiochemical Market to 2023 | Evolving Technology, Trends and Industry Analysis

Thiochemical Market Research Report – Global Forecast to 2024 Industry Survey, Growth, Competitive Landscape and Forecasts to 2024

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Thiochemical Market Research Report – Global Forecast to 2024

Market Overview / Study Objective / Synopsis Thiochemicals are compounds in which the oxygen ion in the atom is replaced by a sulphur ion. The need for sulfur derivatives due to its application in various industrial sectors can bolster the demand for thiochemicals. The global thiochemical market size is anticipated to touch USD 3,423.3 million by 2024, as per an in-depth report by Market Research Future (MRFR). It is predicted to experience a 3.75% CAGR during the assessment period (2018-2024).

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Thiochemical Market Research Report – Global Forecast to 2024

Top 10 Global key Players & Their Strategy Taizhou Sunny Chemical Co., Ltd (China), SHINYA CHEM (China), Arkema SA (France), Zhongke Fine Chemical Co., Ltd. (China), Affon Chemical Co., Ltd. (China), TORAY INDUSTRIES, INC. (Japan), Chevron Phillips Chemical Company (U.S.), Varsal (U.S.), HEBEI YANUO Bioscience Co., Ltd. (China), Uniwin Chemical Co., Ltd. (China), Oxon Italia S.p.A. (Italy), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), BRUNO BOCK Chemische Fabrik GmbH & Co. KG (Germany), and BASF SE (Germany) are reputed players currently operational in the thiochemical market. The market is characterized by expansions and partnerships. This is evident by the establishment of the thiochemicals plant by Arkema in Malaysia. This move has strengthened Arkema’s position in Asia providing it an edge over its competitors.

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Thiochemical Market Research Report – Global Forecast to 2024

Pictograph Examples with Data

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Thiochemical Market Research Report – Global Forecast to 2024

Segmentation Analysis

By product type, the thiochemical market comprises sulfonyls, thioglycolics, sulfides & polysulfides, sulfates & sulfites, mercaptans, and others. The mercaptans segment is predicted to be worth USD 1,444.8 million by 2024. The demand for gas iodizers to control gas leakage is expected to catapult the segment growth over the forecast period.

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Thiochemical Market Research Report – Global Forecast to 2024

Regional Analysis The segments and sub-segments covered in the report are analyzed under five major regions – North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), with respective country-level market sizing.

The standard definition of “thiochemical” is included in the report for a comprehensive understanding of the market. The report discusses and interprets the current trends and future opportunities of the market by delivering an unbiased growth assessment.

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Thiochemical Market Research Report – Global Forecast to 2024

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