NEW YORK, July 11, 2019 (GLOBE NEWSWIRE) -- The demand for Ethyl Mercaptan market is projected to reach 330.3 million USD by 2025, actuating at an estimated CAGR of 1.0% from 2019 to 2025. Ethyl mercaptan serves as an intermediate and starting material in the manufacturing of variety of products. Application in manufacturing of insecticides, antioxidants, plastics and others has led to the wider demand for ethyl mercaptan across various sectors of the industry. Ethyl mercaptan usage in the manufacturing of Phorate and Clethodim drives its demand in agrochemical synthesis and pesticides industry. Ethyl mercaptan as a binder stabilizer finds its application in ink and dye additive, and is an effective solvent in digital image processing. Moreover, ethyl mercaptan being a minor and a vital component is used as an gas odorant to odorize LPG and helps in detecting gas leaks.
The demand for ethyl mercaptan is expanding at very steady rate. The demand for ethyl mercaptan in Asia-Pacific economies is expected to increase in the next few years owing to high rate of industrialization in the region.
Key findings from the report:
• The global Ethyl Mercaptan market is expected to reach 330.3 million USD by 2025 at a CAGR of 1.0%
- Based on Application:
- Odorization is accounted to hold majority share of the market in 2018, while application such as agrochemical synthesis and adhesive stabilizer are expected to register steady growth over the forecast period
- Based on End-Use:
- Usage of ethyl mercaptan in chemical industry has increased slightly over the past few years. Moreover demand from agrochemical has led to increasing demand for ethyl mercaptan
- Based on Region
- North America held the majority of the share of the global market in 2019. Asia-Pacific is expected to exhibit high CAGR over the forecast period
- Some of the key companies operating in the market include- Arkema S.A., Chevron Phillips, ATOFINA Chemicals, Inc., Penta International, Santa Cruz Biotechnology, Sigma Aldrich, PPG Industries, Exxon Mobil, DowDuPont Inc. and among others
The report segments global Ethyl Mercaptan market on the basis of application, products, end-user and region.
Ethyl Mercaptan Market, By Application
- Ink & Dye Additives
- LPG Odorization
- Pesticide intermediate
- Antioxidants
- Plastic manufacturing
- Agrochemical Synthesis
- Adhesive Stabilizer
- Others
AHCL Market, By Product
- Ethanol method
- Ethyl Chloride method
- Anhydrous ethanol method
- Others
By End-Use
- Chemicals
- Pharmaceuticals
- Food Industry
- Agrochemicals
- Others
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
- Central and South America (CSA)
- Middle East and Africa (MEA)
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