What is Ethyl Mercaptan?
The global Ethyl Mercaptan market is expected to witness high demand in the forecasted period owing to the growing agrochemicals industry. Ethyl mercaptan is used as a starting material and intermediate in the production of polymers, pesticides, and antioxidants, as well as an odorant in natural gas biometrics. Ethyl mercaptan is a colorless, odorless liquid with a strong odor. The odor has been characterized as strong, persistent, and garlic- or leek-like, with a decaying cabbage flavor. It's a petroleum monitor that can be applied to odorless gaseous goods like liquefied petroleum gas (LPG) to help detect leaks. Ethanethiol, also known as ethyl mercaptan, is a stinking gas with a growing application in the underground mining business. To inform miners, the gas is released into mine ventilation systems.
The market study is broken down by Type (Ethanol (or Ethylene) Method, Ethyl Chloride Method, Anhydrous Ethanol Method and Other Method), by Application (Pesticide intermediates, Warning agent and Others) and major geographies with country level break-up.
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Ethyl Mercaptan market throughout the predicted period. 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.
Arkema (France), Chevron Phillips Chemical (United States), DowDuPont Inc. (United States), Parchem fine & specialty chemicals (United States), SALVI Chemical Industries Ltd. (India), ATOFINA Chemicals Inc. (France), Penta International (United States), Santa Cruz Biotechnology (United States) and Sigma Aldrich (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Ethyl Mercaptan market by Type, Application and Region.
On the basis of geography, the market of Ethyl Mercaptan 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). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
May 2017, Chevron Phillips Chemical Company LLC, a manufacturer and supplier of olefins and polyolefins, aromatics, alpha olefins, specialty chemicals, and other chemicals, announced the completion of debottlenecking its tetrahydrothiophene and ethyl mercaptan production plant in Tessenderlo, Belgium, to ensure the long-term supply of the chemical to its customers. This raised the capacity of both compounds' production by 65 percent.
Market Trend
- High Demand due to Used in Insecticides
- The Upsurging Demand due to Applications as a Warning Agents
Market Drivers
- Increasing Application of Ethyl Mercaptan across End-Use Industries
- Rising Demand due to Use as Binder Stabilizer
Opportunities
- The Increasing Demand from the Developing Countries
- Growing Demand from Mining Industries
Restraints
- The Growing Concern Regarding Toxicity Associated with Ethyl Mercaptan
Challenges
- Due to recent events surrounding the COVID-19 epidemic, several governments and private sector businesses are functioning at reduced capacity or have totally suspended operations.
Key Target Audience
Ethyl Mercaptan Manufactures, Ethyl Mercaptan Suppliers, Ethyl Mercaptan Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.