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The Mercaptan Market size was valued at USD 1.9 Billion in 2023. It is expected to grow to USD 3.0 Billion by 2032 and grow at a CAGR of 5.3% over the forecast period of 2024-2032.
Rising demand for mercaptans, especially ethyl mercaptan owing to their usage as odorants in natural gas and LPG to detect leakages boosts the market growth. Natural gas is colorless and odorless, so we add mercaptans to create an easily identifiable scent for safety as a quick indication of gas leaks in residential areas. As natural gas is increasingly being adopted as a lower-carbon alternative to coal and oil, mercaptan-based odorants have become highly sought after. Other potential factors contributing to the growth of this market segment are regulations such as the requirement of government bodies to be added to these gas distribution systems because it increases safety norms by adding odorants that result in complementing natural gas odorization demand for mercaptans.
Government regulations and policies have played a significant role in the growing demand for mercaptans in natural gas odorization. For instance, in the United States, the Pipeline and Hazardous Materials Safety Administration (PHMSA) under the U.S. Department of Transportation mandates the odorization of natural gas as per 49 CFR § 192.625, requiring all gas to have a distinct and recognizable odor at concentrations of 1/5th of the lower explosive limit to detect leaks effectively.
Moreover, mercaptans are important intermediates of chemical synthesis and essential for yielding pharmaceuticals, flavors, and rubber additives. Due to their particular properties, they are helpful for the synthesis of complex compounds in these industries. Increased healthcare demand and R&D spending are boosting the mercaptan-based intermediates market, particularly within the pharmaceutical industry. Increasing demand for specialty chemicals in the manufacturing of flavoring agents, agrochemicals, and rubber processing further propels the growth of the specialty chemical market. As mercaptans are versatile reagents to produce specialty compounds available in the market, their increasing adoption in chemical manufacturing is significantly driven by growth in end-use industries such as pharmaceuticals and rubber manufacturing.
Government data and industry statistics highlight the growing demand for mercaptans in chemical manufacturing, particularly in the pharmaceutical and specialty chemicals sectors. According to the European Chemical Industry Council (Cefic), the European pharmaceutical sector saw a 4.4% increase in production in 2022, driven by rising healthcare needs and investments in drug manufacturing.
Drivers
Mercaptan-based pesticides and fungicide intermediate sales are increasing as a result of the expanding agrochemicals market
The growth of the global agrochemical market is driving the increasing demand for mercaptan-based pesticides and fungicide intermediates. Methyl mercaptan is an essential intermediate in the synthesis of numerous agrochemicals utilized as crop protectants from various pests and diseases. The increasing demand for food products caused by a surge in human population, and the growing necessity to increase crop productivity are driving up pesticide & fungicide consumption, which in turn boosts mercaptan-based compound consumption. Moreover, the popularity of modern farming methods and the transition towards more effective and eco-friendly approaches to crop protection are expected to open new avenues for innovative agrochemical formulations.
The Food and Agriculture Organization (FAO) reported that more than 4.1 million tonnes of pesticides were used around the globe in 2021, showing continuous growth over previous years driven by increasing interest in enhancing crop productivity. Moreover, rapid investment by India and China in their agricultural sectors is fuelling demand for products like herbicides and fungicides which, in turn, is expected to drive the market growth. Moreover, increasing farmer awareness regarding the concept of precision farming is further expected to support market growth for mercaptans used as agrochemical intermediates over the projected period.
Restraint
Growing environmental and health concerns may hamper the market growth.
The mercaptan market is primarily restrained by the growing environmental and health concerns. While mercaptans are important as intermediates and odorants, their potency gives them a very strong, unpleasant smell even at low concentrations. Mercaptans when exposed at high levels can cause headaches, nausea, and respiratory irritation. Secondly, the production and disposal of mercaptans requires the use of dangerous substances which raises environmental issues related to potential soil and water contamination. Governments and environmental agencies are increasingly enacting strict laws for the use and handling of chemicals such as mercaptans to reduce health and environmental hazards. Inevitably, regulatory agencies like the U.S. Environmental Protection Agency (EPA) and European Chemicals Agency (ECHA) provide rules for allowable emissions by hazardous chemicals including mercaptans. Consequently, industries are being driven to explore safer substitutes and processes for the production which would hamper the potential market growth of mercaptans.
By Type
Methyl Mercaptan held the largest market share around 34% in 2023. Its main application is the production of methionine, an essential amino acid that acts as a dietary supplement for animal feed to promote livestock growth and health. The increasing global population, coupled with rising disposable incomes and changing eating patterns, has resulted in increased meat and poultry consumption or demand for methionine further driving the market growth opportunity for methyl mercaptan. Furthermore, methyl mercaptan is one of the essential intermediates used in agriculture for the manufacture of pesticides and herbicides. Due to its wide range of industrial applications, it is a leading choice for manufacturers in the petrochemical, pharmaceutical, and flavor industries. Large-scale production, along with the ongoing improvements in manufacturing technologies that have made it more cost-effective, makes this material hard to counter its dominant position. The demand for methyl mercaptan is constantly growing due to the rising focus on agricultural productivity and increasing animal husbandry which are anticipated to foster its largest market share amid the mercaptan market.
By Application
Animal Feed held the largest market share around 38% in 2023. The mercaptan market is characterized by the largest animal feed segment in terms of market share as a result of growing meat and dairy consumption around the world. Methyl mercaptan, as one of the main precursors for methionine import, is an important method to improve the quality of animal feed. Methionine is an important amino acid, and it is one of the most vital nutrients for livestock growth, reproduction, and health. As the world population is expected to exceed almost 10 billion people by the middle of this century, there will be an enormous focus on serving high-quality sources of protein, especially from animals then this underlines the necessity for effective feed additives. Moreover, the movement towards more intensive livestock farming practices has increased feed requirements and the need for additives that can support rapid weight gain while efficiently converting feed.
North America region held the largest market share around 45% in 2023. This is owing to the convenient industrial infrastructures coupled with widespread agricultural farms and stringent regulations on safety which help to endorse the usage of mercaptans for natural gas odorization. The US is a huge mercaptans consumer, largely thanks to the natural gas industry, which uses ethyl mercaptan as an odorant for leak detection. North America has a well-established livestock sector, which is another factor driving demand growth for methyl mercaptan here, primarily through methionine in animal feed. The total U.S. meat production was about 108.5 billion pounds in 2021, data reported by the United States Department of Agriculture (USDA) show part of a generally upward trend for agriculture over the years. Growing meat production is directly attributed to increasing demand for high-quality animal feed, thus driving the mercaptans market. The presence of leading chemical manufacturers, as well as an increase in production technologies, further supports the regional dominance over the mercaptan market that makes North America a significant region for mercaptan production and consumption.
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Key Players
Key Manufacturers
ARKEMA (Methanethiol)
Chevron Phillips Chemical Company LLC (Scentinel T-50)
Evonik Industries AG (Vulkanox)
TORAY FINE CHEMICALS CO., LTD. (Methyl Mercaptan)
Jiande Xingfeng Chemical Co., Ltd. (Ethyl Mercaptan)
Huntsman International LLC (TERT-Dodecyl Mercaptan)
Chevron Oronite Company LLC (OLOA 22000)
Phillips 66 Company (Mercaptan Scavengers)
BASF SE (2-Mercaptoethanol)
Sumitomo Chemical Co., Ltd. (Propyl Mercaptan)
Solvay S.A. (Sodium Mercaptobenzothiazole)
SHANGHAI BOC SCIENCES (Thioglycolic Acid)
Tianjin Zhongxin Chemtech Co., Ltd. (N-Butyl Mercaptan)
Zhejiang NHU Special Materials Co., Ltd. (Tert-Butyl Mercaptan)
Wuhan Grand Hoyo Co., Ltd. (Thiourea Dioxide)
Shandong Lianmeng Chemical Group Co., Ltd. (Thioglycolic Acid)
Akzo Nobel N.V. (Mercaptobenzothiazole)
Bruno Bock Chemische Fabrik GmbH & Co. KG (2-Mercaptobenzothiazole)
Global Calcium PVT LTD (Mercaptopropionic Acid)
Merck KGaA (2-Mercaptoethanol)
In 2023, BASF announced the expansion of its production capacity for specialty chemicals, including mercaptans, at its Ludwigshafen site to meet the growing demand in the agricultural sector.
In 2023, Merck Arkema unveiled its latest innovation in mercaptan chemistry, focusing on developing biodegradable mercaptans for the agrochemical market, highlighting its commitment to sustainability.
In 2023, Evonik launched a new line of high-performance mercaptans designed for use in specialty chemical applications, emphasizing sustainability and reduced environmental impact.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.9 Billion |
| Market Size by 2032 | US$ 3.00 Billion |
| CAGR | CAGR of 5.3% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Methyl Mercaptan, Ethyl Mercaptan, Propyl Mercaptan, Butyl Mercaptan, Octyl Mercaptan, Dodecyl Mercaptan, Others) • By Application (Pesticides, Jet Fuels and Plastics, Natural Gas, Food and Nutrition, , Animal Feed, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ARKEMA, Chevron Phillips Chemical Company LLC., Evonik, TORAY FINE CHEMICALS CO., LTD., Jiande Xingfeng Chemical Co., Ltd., Huntsman International LLC., other players |
| DRIVERS | • Mercaptan-based pesticides and fungicide intermediate sales are increasing as a result of the expanding agrochemicals market. |
| Restraints | • Growing Environmental and Health Concerns |
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The outbreak has had a considerable influence on global manufacturing processes, trade, and supply chains for chemicals and minerals. Due to market participants' need to close production facilities or run them at less than optimal production levels in order to prevent the spread of the new coronavirus COVID-19, mecaptan output fell during the COVID-19 pandemic. Mercaptan manufacturing has also been hampered by the scarcity of raw materials due to supply disruptions brought on by border and trade restrictions. However, some significant market participants have kept running their manufacturing plants. Additionally, the low demand from the end-use sectors and the falling costs of raw materials have led to surplus stockpiles and decreased production.
Ans: Increasing the use of mercaptan in the manufacture of plastics will open up profitable opportunities are the opportunity for Mercaptan Market.
Ans: Mercaptan Market Size was valued at USD 1.88 billion in 2023, and is expected to reach USD 3.00 billion by 2032, and grow at a CAGR of 5.40% over the forecast period 2024-2032.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by l Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Mercaptan Market Segmentation, Type
7.1 Chapter Overview
7.2 Methyl Mercaptan
7.2.1 Methyl Mercaptan Market Trends Analysis (2020-2032)
7.2.2 Methyl Mercaptan Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Ethyl Mercaptan
7.3.1 Ethyl Mercaptan Market Trends Analysis (2020-2032)
7.3.2 Ethyl Mercaptan Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Propyl Mercaptan
7.4.1 Propyl Mercaptan Market Trends Analysis (2020-2032)
7.4.2 Propyl Mercaptan Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Butyl Mercaptan
7.5.1 Butyl Mercaptan Market Trends Analysis (2020-2032)
7.5.2 Butyl Mercaptan Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Octyl Mercaptan
7.6.1 Octyl Mercaptan Market Trends Analysis (2020-2032)
7.6.2 Octyl Mercaptan Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Dodecyl Mercaptan
7.7.1 Dodecyl Mercaptan Market Trends Analysis (2020-2032)
7.7.2 Dodecyl Mercaptan Market Size Estimates and Forecasts to 2032 (USD Billion)
7.8 Others
7.8.1 Others Market Trends Analysis (2020-2032)
7.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Mercaptan Market Segmentation, by Application
8.1 Chapter Overview
8.2 Pesticides
8.2.1 Pesticides Market Trends Analysis (2020-2032)
8.2.2 Pesticides Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Jet Fuels and Plastics
8.3.1 Jet Fuels and Plastics Market Trends Analysis (2020-2032)
8.3.2 Jet Fuels and Plastics Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Natural Gas
8.4.1 Natural Gas Market Trends Analysis (2020-2032)
8.4.2 Natural Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Food and Nutrition
8.5.1 Food and Nutrition Market Trends Analysis (2020-2032)
8.5.2 Food and Nutrition Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Animal Feed
8.6.1 Animal Feed Market Trends Analysis (2020-2032)
8.6.2 Animal Feed Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Others
8.7.1 Others Market Trends Analysis (2020-2032)
8.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Mercaptan Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.2.4 North America Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.2.5.2 USA Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.2.6.2 Canada Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Mercaptan Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Mercaptan Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.6.2 France Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Mercaptan Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.4.4 Asia Pacific Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.4.5.2 China Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.4.5.2 India Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.4.5.2 Japan Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.4.9.2 Australia Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Mercaptan Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Mercaptan Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.5.2.4 Africa Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Mercaptan Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.6.4 Latin America Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Mercaptan Market Estimates and Forecasts, Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Mercaptan Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 ARKEMA
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Product / Services Offered
10.1.4 SWOT Analysis
10.2 Chevron Phillips Chemical Company LLC.
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Product / Services Offered
10.2.4 SWOT Analysis
10.3 Evonik
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Product / Services Offered
10.3.4 SWOT Analysis
10.4 TORAY FINE CHEMICALS CO., LTD.
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Product / Services Offered
10.4.4 SWOT Analysis
10.5 Jiande Xingfeng Chemical Co., Ltd.
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Product / Services Offered
10.5.4 SWOT Analysis
10.6 Huntsman International LLC.
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Product / Services Offered
10.6.4 SWOT Analysis
10.7 Chevron Oronite Company LLC
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Product / Services Offered
10.7.4 SWOT Analysis
10.8 Phillips 66 Company
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Product / Services Offered
10.8.4 SWOT Analysis
10.9 Solvay S.A.
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Product / Services Offered
10.9.4 SWOT Analysis
10.10 Wuhan Grand Hoyo Co., Ltd.
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Product / Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Methyl Mercaptan
Ethyl Mercaptan
Propyl Mercaptan
Butyl Mercaptan
Octyl Mercaptan
Dodecyl Mercaptan
Others
By Application
Pesticides
Jet Fuels and Plastics
Natural Gas
Food and Nutrition
Animal Feed
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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