Global Mercaptan Market Overview
According to SPER Market Research, the Global Mercaptan Market is estimated to reach USD 3.17 billion by 2032 with a CAGR of 5.59%.
The global mercaptan market is a specialized segment within the chemical industry that produces and sells mercaptans, which are organic compounds that contain sulfur and are used in a variety of applications. Here's an overview of the global mercaptan market:Mercaptans are used in a wide range of applications, including oil and gas, chemicals, pharmaceuticals, and others. In the oil and gas industry, mercaptans are used as odorants in natural gas to detect gas leaks. In the chemical industry, they are used as intermediates for the production of various chemicals such as pesticides, polymers, and others. In the pharmaceutical industry, they are used as reagents in drug manufacturing.
There are several types of mercaptans, including methyl mercaptan, ethyl mercaptan, propyl mercaptan, butyl mercaptan, and others. Methyl mercaptan is the most widely used type of mercaptan due to its low cost and wide range of applications.
The global mercaptan market faces several challenges, including the impact of the COVID-19 pandemic on the oil and gas industry and the increasing focus on renewable energy sources. However, the market is expected to overcome these challenges through innovation and collaboration among industry players.Overall, the global mercaptan market is expected to continue to grow in the coming years, driven by the increasing demand for natural gas as a fuel and the growth in the petrochemical industry. The market is also likely to witness increased investment in research and development to develop new and innovative products with improved performance and reduced environmental impact.
Impact of COVID-19 on the Global Mercaptan Market
The outbreak has had a considerable influence on global manufacturing processes, trade, and force chains for chemicals and minerals. Due to request actors' need to close product installations or run them at lower than optimal product situations in order to help the spread of the new coronavirus COVID- 19, mercaptan affair fell during the COVID- 19 epidemic. Mercaptan manufacturing has also been hampered by the failure of raw accoutrements due to force dislocations brought on by border and trade restrictions. still, some significant request actors have kept running their manufacturing shops. also, the low demand from the end- use sectors and the falling costs of raw accoutrements have led to fat stashes and dropped product.
Hydrogen sulphide, ethylene, propene, methanol, and hydrogen sulphide are the main raw accoutrements utilised to make mercaptan. The raw material force was oppressively impacted by the outbreak. The global COVID extremity, which had an impact on both the price perimeters of raw accoutrements and finished goods, oppressively hurt the chemical assiduity. therefore, the outbreak has caused a dislocation in the force- demand for raw accoutrements, which has had a significant impact on the manufacturing of chemicals.Quarantine regulations have caused wide sections of China to come to a complete deadlock, forcing request closures, labour force dearth, and indeed raw material dearth. The difficulties of controlling the backups at original border crossings have also surfaced as a factor in the mercaptan force chain on a worldwide scale.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Chevron Phillips Chemical Company, Arkema, Huntsman International LLC, Evonik, Toray Fine Chemicals, Jiande Xingfeng Chemical Co. Ltd.
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Global Mercaptan Market Segmentation:
1. By Component:
2. By Type:
- Butyl Mercaptan
- Dodecyl Mercaptan
- Ethyl Mercaptan
- Methyl Mercaptan
- Octyl Mercaptan
- Propyl Mercaptan
- Others
3. By Application:
- Animal Feed
- Jet Fuels and Plastics
- Pesticides
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Mercaptan Market (FY’2019-FY’2032)
- Overview of the Global Mercaptan Market
- Segmentation of Global Mercaptan Market By Type (Methyl Mercaptan, Ethyl Mercaptan, Propyl Mercaptan, Butyl Mercaptan, Octyl Mercaptan, Dodecyl Mercaptan, Others)
- Segmentation of Global Mercaptan Market By Application (Pesticides, Jet Fuels and Plastics, Animal Feed, Others)
- Statistical Snap of the Global Mercaptan Market
- Growth Analysis of the Global Mercaptan Market
- Problems and Challenges in Global Mercaptan Market
- Competitive Landscape in the Global Mercaptan Market
- Impact of COVID-19 and Demonetization on the Global Mercaptan Market
- Details on Recent Investment in Global Mercaptan Market
- Competitive Analysis of Global Mercaptan Market
- Major Players in the Global Mercaptan Market
- SWOT Analysis of Global Mercaptan Market
- Global Mercaptan Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data Triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts on the Global Mercaptan Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political Landscape
5.2.2 Economic Landscape
5.2.3 Social Landscape
5.2.4 Technological landscape
5.2.5 Environmental Landscape
5.2.6 Legal Landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Mercaptan Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Mercaptan Market
7. Global Mercaptan Market, By Type, 2019-2032 (USD Million)
7.1 Butyl Mercaptan
7.2 Dodecyl Mercaptan
7.3 Ethyl Mercaptan
7.4 Methyl Mercaptan
7.5 Octyl Mercaptan
7.6 Propyl Mercaptan
7.7 Others
8. Global Mercaptan Market, By Application, 2019-2032 (USD Million)
8.1 Animal Feed
8.2 Jet Fuels and Plastics
8.3 Pesticides
8.4 Others
9. Global Mercaptan Market, By Region, 2019-2032 (USD Million)
9.1 Global Mercaptan Market Size and Market Share by Region (2019-2025)
9.2 Global Mercaptan Market Size and Market Share by Region (2026-2032)
9.3 Asia-Pacific
9.3.1 Australia
9.3.2 China
9.3.3 India
9.3.4 Japan
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 Europe
9.4.1 France
9.4.2 Germany
9.4.3 Italy
9.4.4 Spain
9.4.5 United Kingdom
9.4.6 Rest of Europe
9.5 Middle East and Africa
9.5.1 Kingdom of Saudi Arabia
9.5.2 United Arab Emirates
9.5.3 Rest of Middle East & Africa
9.6 North America
9.6.1 Canada
9.6.2 Mexico
9.6.3 United States
9.7 Latin America
9.7.1 Argentina
9.7.2 Brazil
9.7.3 Rest of Latin America
10.Company Profiles
10.1 Chevron Phillips Chemical Company
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product Summary
10.1.4 Recent developments
10.2 ARKEMA
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Huntsman International LLC
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 Evonik
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 TORAY FINE CHEMICALS
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 Jiande Xingfeng Chemical Co. Ltd.
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
