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.
Read Report Summary: https://www.factmr.com/report/1256/polythiols-market
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.
One of the raw materials used in manuafcturing of polythiols, 1,8-Dimercapto-3,6-dioxaoctane (DMDO) has recently been gaining momentum in the sealants, coatings, and adhesives landscape. DMDO is highly likley 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.
For a detailed industry outlook, Get the Report Sample Report at: https://www.factmr.com/connectus/sample?flag=S&rep_id=1256
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.
For instance, in 2018, Arkema announced the expansion of its thiochemicals production facility based in its Texas plant. The expansion project specifically targets the increasing demand for liner mercaptans from the electronics and transportation industries. The overall production capacity of Arkema’s newly expanded plants is claimed to be upped by 30%. Earlier, in 2017, Chevron Phillips Chemical Company LLC had also expanded the capacity of its Belgium-based plant by debottlenecking theproduction units of ethyl mercaptan (EM) and tetrahydrothiophene (THT). Additionally, key companies participating in the polythiols industry landscape are relying on strategic mergers, acquisitions, and collaborations for a firmer footprint in global market.
Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=1256
About Us
Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.
Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.
The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.
Contact Us
FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://theheraldmedia.com/
Read Report Summary: https://www.factmr.com/report/1256/polythiols-market
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.
One of the raw materials used in manuafcturing of polythiols, 1,8-Dimercapto-3,6-dioxaoctane (DMDO) has recently been gaining momentum in the sealants, coatings, and adhesives landscape. DMDO is highly likley 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.
For a detailed industry outlook, Get the Report Sample Report at: https://www.factmr.com/connectus/sample?flag=S&rep_id=1256
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.
For instance, in 2018, Arkema announced the expansion of its thiochemicals production facility based in its Texas plant. The expansion project specifically targets the increasing demand for liner mercaptans from the electronics and transportation industries. The overall production capacity of Arkema’s newly expanded plants is claimed to be upped by 30%. Earlier, in 2017, Chevron Phillips Chemical Company LLC had also expanded the capacity of its Belgium-based plant by debottlenecking theproduction units of ethyl mercaptan (EM) and tetrahydrothiophene (THT). Additionally, key companies participating in the polythiols industry landscape are relying on strategic mergers, acquisitions, and collaborations for a firmer footprint in global market.
Request for Report Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=1256
About Us
Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.
Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.
The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.
Contact Us
FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://theheraldmedia.com/
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