Global Sulfolane Market Overview:
Sulfolane is a Clear Colourless Liquid which is also known as Tetrahydrothiophene 1, 1-Dioxide. Sulfolane Finds its usage as a Reaction Medium, as a Solvent for a Wide Variety of Organic Chemicals & Polymers, & as an Extraction Solvent. It is a High Polar Compound with Good Heat Stability & Easy Mix-Ability with Water & Therefore is a Favourable Solvent for Many Organic Processes. It is used for the Acid Gas Removal & for Various Applications Including Aromatic Hydrocarbon Extraction, Low-Boiling Alcohol Separation, & Fractional Distillation of Wood Tar
Growth Drivers
- Increased Demand for Aromatic Compounds for a Variety of Applications Obtained with the Usage of Sulfolane
- The surge in the Chemical Industries Utilising Sulfolane for Separating Two Different Solutions Using Distillation Process with the Usage of Sulfolane as a Reflux Liquid
Roadblocks
- Recent Economic Slowdown Impacting Various End Use Industries may limit the Market
Opportunities
- There is an Increased Opportunity for the Usage of Sulfolane in Electronics Industry due to its High Solvency
- There are Prospects for the Use of Sulfolane in Pharmaceutical Industry owing to its Characteristics like High Thermal & Chemical Stability, High Miscibility in Water, High Boiling Point, & Antibacterial Properties
Challenges
- The Presence of Alternate Chemicals like Dimethyl Sulfoxide & Dimethylformamide may pose a Challenge
Competitive Landscape:
The Market for the Sulfolane is Fragmented with the Presence of Many Players. Owing to Booming Industrialization, there are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are Royal Dutch Shell PLC (Netherlands), Sumitomo Seika Chemicals Co Ltd (Japan), Chevron Phillips Chemical Company, LLC (United States), New Japan Chemical Co., Ltd (Japan), Casil Industries Limited (India), Liaoyang Guanghua Chemical (China), Petrochina International Jinzhou Co Ltd (China), The Sulfolane Company (Malaysia), Aecochem (China) and Zauba Technologies Private Limited (India). Additionally, following companies can also be profiled that are part of our coverage like Axens (France), Addar Chemical Company (Acc) (Saudi Arabia), Org Chem Group (United States), Damini Corporation Sdn Bhd (India) and Kawaguchi Chemical Co., Ltd (Japan). Analyst at AMA Research see United States & Asian Vendors to retain maximum share of Global Sulfolane market by 2027. Considering Market by Purity, the sub-segment i.e. More Than 99 Percent will boost the Sulfolane market. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Sulfolane market.
What Can be Explored with the Sulfolane Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sulfolane Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sulfolane
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sulfolane market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sulfolane market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Sulfolane, Distributors, Traders, & Suppliers, Importers & Exporters, Investors, Regulatory & Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.