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The global methyl mercaptan market reached a value of about USD 1.76 billion in 2023. The market is further expected to grow at a CAGR of 5.5% in the forecast period of 2024-2032 to reach a value of approximately USD 2.85 billion by 2032.
Methyl mercaptan is widely used as a feedstock for the animals and poultry, as an intermediate in the production of pesticides, fungicides, jet fuel, and plastics, and in the synthesis of methionine. It is also utilised as a gas odorant for natural gas, butane, and propane. The growth of the application sectors is driving the demand for the product, thus, aiding the market expansion.
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The market is dominated by the North America region. The market is expanding in the region due to the growing product demand from the various end-use sectors. The other significant markets for the product include the Asia Pacific and the Middle East and Africa. The rapidly emerging economies within these regions are expected to provide enhanced growth opportunities to the manufacturers. The presence of several oil and gas production facilities in the Middle East countries are also expected to aid the industry in the coming years.
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Methyl mercaptan, also known as methanethiol, is an organosulphur compound with the odour of rotten cabbage. It is a colourless gas with the chemical formula CH3SH. It is produced from methanol and hydrogen sulphide. It occurs naturally in the blood and brain of humans and animals, in plant tissues, in a wide variety of vegetables including onions and garlic, and in coal tar and petroleum distillates. Owing to its distinct putrid smell, it is used as a gas odorant for natural gas, butane, and propane to aid in leak detection.
The various sources of methyl mercaptan can be segmented into:
Based on synthesis type, the industry is divided into:
On the basis of functionality, the industry is categorised into:
The major applications of the product include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The market is being driven by the growing demand for methyl mercaptan from the major application sectors, particularly poultry and animal feed. With the growing demand for poultry feed in the emerging regions like the Asia Pacific, major players are extending their manufacturing capacities to such regions. Other factors like rising population, technological advancements, thriving agro-industry, increasing demand for petrochemicals, and growing polymer industry are also propelling the industry growth.
Owing to the growing demand for chemicals in various end use sectors and rapid urbanisation, particularly in the emerging nations, the product is expected to witness an enhanced demand. This is expected to have a positive effect on the expansion of the global methyl mercaptan industry over the forecast period.
The report gives a detailed analysis of the following key players in the global methyl mercaptan market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Synthesis Type |
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| Breakup by Functionality |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global methyl mercaptan market attained a value of nearly USD 1.76 billion.
The market is projected to grow at a CAGR of 5.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 2.85 billion by 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, growing polymer and agro-industries, rising demand from animal feed sector, and the rising petrochemical demand, are expected to aid the market growth.
The key trends guiding the growth of the market include the growing technological advancements and rising penetration of key players into the emerging regions.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.
The leading sources of methyl mercaptan in the market are natural and synthetic.
The major synthesis types in the market are hydrogen sulphide-methanol vapour phase, sodium sulphide-dimethyl sulphate, and thiourea-dimethyl sulphate, among others.
The significant functionalities of the product in the industry are fungicides and pesticides, intermediates, fuel additives, and catalysts, among others.
The leading application segments in the industry are chemical, food, feed, and mining industry, among others.
The major players in the industry are Arkema S.A. and Chevron Phillips Chemical Company, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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