The global polythiols market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each polythiols market player in a comprehensive way. Further, the polythiols market report emphasizes the adoption pattern of the polythiols market across various industries.
The polythiols market is forecast to witness a lower single digit growth rate in the coming years, as indicated by a recent intelligence study of Fact.MR. The report opines that polythiols sales will be sustained by continued demand for epoxy curing agents and expansion of end-use industries.
Polythiols have been the key thiochemicals with wide applicability in animal feed sector, oil & gas industry, and paints & coatings industry. However, application of polythiols in curing of epoxy resins and chain transfer reactions will remain key contributors to revenue growth of the polythiols market. Sealants currently account for over 45% of demand for polythiols and will remain the key consumer category in polythiols market.
Accounting for over 2/5th of the global polythiols market revenues, East Asia continues to be a lucrative market for stakeholders. Expansion of construction, automotive, and semiconductor industries across the region, particularly in China, Japan, and South Korea, is likely to establish a firm base for sustained adoption of polythiols within the region. While China and India have been high growth markets for construction industry, the smart city initiatives further point to a relatively optimistic outlook of polythiols in the forthcoming years.
The polythiols market report highlights the following players:
- Chevron Phillips Chemical Co., LP.
- BRUNO BOCK Chemische Fabrik GmbH & Co. KG
- Toray Fine Chemicals
- Arkema SA
The polythiols market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
Important regions covered in the polythiols market report include:
- MEA
- East Asia
- South Asia and Oceania
- Europe
- Latin America
- North America
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The polythiols market report takes into consideration the following segments by source:
- Synthetic Polythiols
- Natural Polythiols
The polythiols market report contain the following applications:
- Adhesives
- Sealants
- Coatings
Rising Preference for Bio-Based Epoxy Curing Agents Shaping Innovations
One of the raw materials used in manufacturing of polythiols, 1,8-Dimercapto-3,6-dioxaoctane (DMDO) has recently been gaining momentum in the sealants, coatings, and adhesives landscape. DMDO is highly likely to witness considerably increasing demand owing to attributes, such as less viscosity, reduced gel time, and superior reactivity at lower temperatures. Several manufacturers of polythiols, Arkema being one of the first movers, are preferring DMDO as it allows for generation of new polythiols without ester groups, which is accountable for water resistant abilities of end products.
In the backdrop of considerably high emission of volatile organic compounds (VOCs) during the production of epoxy resins, manufacturers are embracing the mass shift to bio-based raw materials that can assist a potentially sustainable production of epoxy curing agents. In line with tightening regulatory framework in favor of adopting eco-friendly production process for epoxy curing agents, bio-based raw materials, such as natural polythiols are highly likely to see a heap of new opportunities in market over the course of coming years.
The epoxy curing agents landscape is accelerating its shift to bio-based agents, which is being perceived as a profitable innovation opportunity for stakeholders in the polythiols market. The growth of market will however continue to be restricted by sustained end-use preference to superior alternatives of polythiols. While a majority of the demand for thiochemicals is generated for applications in adhesives, sealants, coatings, animal feed, the report also highlights sustained demand for oil and gas industry related applications. To align the thiochemicals supply with rising demand from various end-use industries, manufacturers operating in thiochemicals industry have been strategizing on production capacity expansion.
The polythiols market report offers a plethora of insights which include:
- Changing consumption pattern among individuals globally.
- Historical and future progress of the global polythiols market.
- Region-wise and country-wise segmentation of the polythiols market to understand the revenue, and growth lookout in these areas.
- Accurate Year-on-Year growth of the global polythiols market.
- Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global polythiols market.
The polythiols market report answers important questions which include:
- Which regulatory authorities have granted approval to the application of polythiols market in xx industry?
- How will the global polythiols market grow over the forecast period?
- Which end use industry is set to become the leading consumer of polythiols market by 2029?
- What manufacturing techniques are involved in the production of the polythiols market?
- Which regions are the polythiols market players targeting to channelize their production portfolio?
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