Global Methyl Mercaptan Market to Reach USD 2.85 Billion by 2032, Aided by the Growing Demand from Application Sectors

The global methyl mercaptan industry is being aided by the growing demand for the product from various application sectors. As the methyl mercaptan industry is less capital intensive, and its production does not require the use of any major technology, the market is highly competitive. The increased penetration of leading companies in the United States has significantly contributed to the industry growth in the North America region, thus, aiding the overall market. Some of the major companies in the industry include Arkema S.A. (OTCMKTS: ARKAY) and Chevron Phillips Chemical Company.

 
The growing mergers and acquisitions by the major players are expected to further aid the market growth. In July 2021, Arkema announced that the company had acquired Fixatti, a company focusing on high-performance thermobonding adhesive technology, thus, expanding its business and global reach. Further, the growing demand for petrochemicals will also boost the sales of methyl mercaptan as it is used as a fuel additive as well as a gas odorant for gases like natural gas, and others. In July 2020, Chevron Phillips Chemical Company LLC and Qatar Petroleum signed an agreement to jointly develop the U.S. Gulf Coast petrochemical project, which is worth USD 8 billion. Such developments are expected to positively impact the global methyl mercaptan industry over the forecast period.

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Market Breakup by Source, Synthesis Type, Functionality, Application, and Region:

• By source, the market can be bifurcated into natural and synthetic segments. 

• On the basis of synthesis type, the industry can be divided into hydrogen sulphide-methanol vapour phase, sodium sulphide-dimethyl sulphate, and thiourea-dimethyl sulphate, among others.

• Based on functionality, the market has been categorised into fungicides and pesticides, intermediates, fuel additives, and catalysts, among others. 

• On the basis of applications, the industry is segmented into chemical, food, feed, and mining industry, among others. 

• Region-wise, the global methyl mercaptan industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global methyl mercaptan industry are being driven by the increasing demand for animal and poultry feed and the growing global population.

• The growing urbanisation and industrialisation is significantly contributing to the industry growth.

• The growing investments in the petrochemical industry are further aiding the industry growth.

• The increasing demand for fungicides and pesticides with the developing agriculture sector is also fuelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for methyl mercaptan for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for sources, synthesis types, functionalities, applications, and regional markets of methyl mercaptan.

• The report also gives the regional historical (2018-2023) and forecast (2024-2032) price trends of the product.

• It also provides an assessment of the industry based on the Porter’s Five Forces model, along with giving a SWOT and value chain analysis.

The major players in the global methyl mercaptan market are Arkema S.A. and Chevron Phillips Chemical Company, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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