About Mercaptobenzothiazole
Mercaptobenzothiazole is of two category sodium 2 – mercaptobenzothiazole and zinc 2 – mercaptobenzothiazole. It is used in rubber, chemical, mining industries in various forms such as crystal, powder, and liquid. It is for controlling mold, bacteria, fungi causing aqueous industrial products. In the rubber industry, it vulcanizes with less sulfur and at milder temperatures.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape is characterized by ongoing product innovation, strategic partnerships, and acquisitions aimed at expanding market presence and meeting evolving customer needs. As the demand for continues to grow, comp Mercaptobenzothiazole etition among market players is expected to intensify, driving further innovation and advancements in the field. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lanxess AG (Germany), Chemson Industrial(Shanghai)Co.Ltd. (China), Chemwill Asia Co. (China), Dalian Richfortune Chemicals Co., Ltd (China), Henan Chemical Co. Ltd. (China), Eastman Chemical Company (United States), Arkema S.A. (France) and Agrofert (Czech Republic) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kemai Chemical Co.,Ltd. (China), Sumitomo Chemical Co., Ltd. (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Mercaptobenzothiazole market by Type (Sodium 2 – Mercaptobenzothiazole and Zinc 2 – Mercaptobenzothiazole), Application (Residential and Industrial) and Region.
On the basis of geography, the market of Mercaptobenzothiazole has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Crystal will boost the Mercaptobenzothiazole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Rubber will boost the Mercaptobenzothiazole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Mercaptobenzothiazole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Number of Residential Application of Mercaptobenzothiazole
Market Growth Drivers:
Growing Demand for Controlling Industrial Fungi and Bacteria Involved in Degrading the Quality of Products and Rising Demand for the Industrial Aqueous Products
Challenges:
Regulatory Guidelines and Standards Associated with Usage of Mercaptobenzothiazole
Restraints:
Health Related Potential Risks Associated with Mercaptobenzothiazole
Opportunities:
Continuous Research and Development in the Mercaptobenzothiazole and Surging Water System Facility will Boost the Mercaptobenzothiazole Market
Market Leaders and their expansionary development strategies
In February 2021, Lanxess acquired United States-based specialty chemical manufacturer Emerald Kalama Chemical, which makes products such as corrosion inhibitors for lubricants and cutting fluids.
In February 2021, LANXESS signs a contract to acquire Emerald Kalama Chemical. Acquisition with sales of USD 425 million and EBITDA of USD 90 million to strengthen Consumer Protection segment, the Enterprise value of USD 1.075 billion, and High-margin new application fields in the food industry and animal health. Rapid integration is expected by this acquisition.
"The U. S. Environmental Protection Agency (referred to as "the Agency") has completed an assessment of the potential human health and environmental risks associated with the pesticide uses of the sodium and zinc salts 2-mercaptobenzothiazole. The Agency has and determined that pesticide products containing either of these chemicals as active ingredients, labeled and used as specified in this Reregistration Eligibility Decision Document (RED) will not cause unreasonable risk to humans or the environment. Therefore, the Agency has concluded that products containing the sodium and zinc salts of 2-mercaptobenzothiazole are eligible for reregistration."
Key Target Audience
Mercaptobenzothiazole Producers, Mercaptobenzothiazole International Traders, Mercaptobenzothiazole Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.