Ethyl Mercaptan Market Value Predicted to Hit Big Revenues in Future | The DOW Chemical Company, ExxonMobil, and PPG Industries



 Ethyl mercaptan is used as a starting material and intermediary in the production of a wide range of goods. The use of ethyl mercaptan in the production of pesticides, antioxidants, polymers, and other products has resulted in increased demand from a variety of industries. The demand for ethyl mercaptan is driven by its use in the production of phosphate and clethodim in the agrochemical synthesis and pesticides industries. As a binder stabilizer, ethyl mercaptan is used in ink and color additives.

Furthermore, as a minor but important component, ethyl mercaptan is utilized as a gas odorant to odorize LPG and aid in the detection of gas leaks. The demand for ethyl mercaptan continues to grow at a constant pace. Due to the rapid rate of industrialization in the Asia-Pacific area, demand for ethyl mercaptan is likely to rise in the coming years.

  The Ethyl Mercaptan market is expected to reach 330.3 million USD by 2025, growing at a CAGR of 1.0 percent between 2019 and 2025.

Based on Application: In 2018, odorization is predicted to account for the majority of the market, while applications such as agrochemical synthesis and adhesive stabilizer is expected to develop steadily over the forecast period.

Based on End-Use: Over the last few years, the use of ethyl mercaptan in the chemical sector has increased slightly. Furthermore, ethyl mercaptan demand has increased as a result of agrochemical demand.

North America dominated the global ethyl mercaptan market in 2017, according to the global ethyl mercaptan market data. The area is expected to maintain its dominance during the forecast period, owing to the presence of chemical producers such as Chevron Phillips Chemical, The DOW Chemical Company, ExxonMobil, and PPG Industries. Over the forecast period, Asia-Pacific is expected to have a significant CAGR. Arkema S.A., Chevron Phillips, ATOFINA Chemicals, Inc., Penta International, Santa Cruz Biotechnology, Sigma Aldrich, PPG Industries, Exxon Mobil, DowDuPont Inc., and others are some of the major players in the market.

To meet growing demand for ethyl mercaptan from various applications such as pesticide, warning agent, and other chemical intermediates, key players in the global ethyl mercaptan market are employing various tactics such as merger and acquisition, capacity expansion, and so on.

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