Polythiols Market in Numbers:
- Polythiols market recorded a CAGR of nearly 5% between 2014 and 2018.
- Global sales of polythiols were nearly US$ 200 Mn in 2018, and the market is estimated to record a CAGR of about 4.0% through 2029.
- East Asia will continue to lead the polythiols market, upheld by growing demand for epoxy curing agents for the development of light-weight compositions for different components in the automotive & transportation industry.
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According to Fact.MR study, the polythiols market is witnessing passive growth owing to the limited number of active players in the industry and the availability of better alternatives. The polythiols market is led by two key players Arkema SA and Toray Industries Inc., and they collectively command nearly. Other market players, including BRUNO BOCK Chemische Fabrik GmbH & Co. KG and Chevron Phillips Chemical Co., LP collectively hold nearly 30% to 35% share, whereas unorganized and small players account for the rest of miniscule share.
As industry players stare at an uncertain future, tilting more toward bearish rather than bullish, Production expansion is another significant strategy of market goliaths, who envision higher adoption and better valuation of polythiols in near future. For instance, Arkema, one of the leaders in the global specialty chemicals, recently expanded its chemicals global manufacturing capacity for linear mercaptans due to the growing demand of polymers for transportation and electronics market. Another market forerunner, Toray Industries, Inc. is investing considerably in the R&D that creates avenues for new products. For instance, Toray is building a R&D center in Seoul to identify novel growth engines in company’s efforts to reinforce its presence in the Korean market.Unique strategies based on innovation, an increased presence in emerging markets, and targeted acquisitions remain the key strategies of the leading stakeholders in the polythiols market.
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Key Challenges Faced by Stakeholders in Polythiols Market
- Polythiols sales are declining drastically due to the growing availability of numerous thiochemicals and epoxy curing agents, such as amines & polyamides anhydrides, and imadazoles. On the back of superior chemical properties, these agents are increasingly replacing polythiols in coatings, adhesives, and sealants applications.
- Growing prices of sulfur, which is the key raw material used in the production of polythiols, continue to pose cost-related challenges. As companies eye novel manufacturing processes that are based on low cost raw materials, polythiols suppliers are hard-pressed to develop low-cost variants to stave off the threat of alternatives.
- It is not only the functional properties of polythiols but also the aesthetic limitations that are impeding adoption – polythiols have a pungent odor, which is influencing end-users to look for alternatives with milder odors.
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Future Outlook – Leveraging Opportunities Amidst Waning Demand
Although polythiols are being quickly replaced by more feasible alternatives, they still witness sizeable demand in the construction and defense sectors. Instead of a plethora of opportunities, market players have to contend with a status-quo that is changing for the worse. However, pockets of growth continue to sustain –demand for highly effective modifiers is triggering sales of aliphatic polythiols. These aliphatic polythiols are being used in combination with other curatives, such as amines and polyamines, to develop modifiers for epoxy systems that enable faster curing.
The resurgency in infrastructure investment has led to growing demand for a range of materials. This period of ascendancy has also rubbed off on polythiols demand, as their excellent chemical and weather resistance properties, coupled with high impermeability, and good heat insulation attributes aren’t lost on end-users.
Key Trend - Rising Adoption of DMDO for Polythiols Production
Leading manufacturers in polythiols market, such as Arkema SA are increasingly adopting 1,8-Dimercapto-3,6-dioxaoctane (DMDO) for the production of polythiols, owing to its double SH-functionality that enables formation of new generation compounds with enhanced properties. Furthermore, DMDO leads to the production of new polythiols without ester groups that demonstrate better water resistance as compared to PETMP (PentaErythritolTetraMercaptoPropionate). In view of manufacturers growing initiatives, it is highly likely that the market will witness novel trends and developments that will further shape the market growth in the forthcoming years.
Polythiols Market - Research Methodology
A realistic methodology along with a holistic approach makes the base of the actionable insights covered in the global polythiols market. The Fact.MR report offers comprehensive information related to the growth prospects of polythiols industry and intriguing insights into the forecast analysis of the market.
Extensive primary and secondary research has been done to compile valuable insights into the projection analysis of polythiols market. The report on polythiols market has also undergone cross-validation to ensure the delivery of authentic information to the readers.
Request Research Methodology of this Report.
A recently compiled report of Fact.MR, titled “Global Polythiols Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019-2029,” offers an exhaustive analysis on the polythiols market worldwide. Size of the polythiols market has been evaluated in-depth and presented in terms of (US$ Mn) and volume (tons) in the report. The report also gives a thorough analysis and forecast on the various segments of the market, along with a crystal clear view of the competitive landscape of the polythiols market.
Chapter 1 - Polythiols Market Executive Summary
A succinct summary of the polythiols market has been given in the initial chapter of the report, which offers a synopsis of the primary findings in the market, along with information on the market structure. Opportunity assessment for a wide range of companies operating in the polythiols market has been offered with the aid of Wheel of Fortune. Primary trends that are impacting the growth of the polythiols market are also given in the report.
Chapter 2- Polythiols Market Overview
The report gives a concise overview of the polythiols market, which includes the introduction along with the definition of the target product– polythiols. An organized breakdown of the polythiols market has also been provided in the report.
Chapter 3- Polythiols Key Market Trends
This chapter of the report provides information about the key trends that are impacting the growth of the market. It also sheds light on the unique development trends that are likely to shape the flow of the market in the foreseeable period.
Chapter 4 - Polythiols Market Background
This section of the report polythiols market provides a comprehensible outlook of the market background, wherein various factors that are impacting the sales of polythiols have been provided in detail. This chapter also gives information regarding the applications of the target product to assist the market enthusiasts in evaluating the growth of polythiols market.
Chapter 5- Global Polythiols Market Demand Analysis 2014-2018 and Forecast, 2019-2029
The fifth chapter of the report sheds light on the historical, current and future performance of the polythiols market in terms of volume and via Y-Y-o-Y analysis. In this chapter an incisive viewpoint has been provided about how the historical and current market performance is likely to impact the sales of polythiols in the coming time.
Chapter 6- Global Polythiols Market - Pricing Analysis
This section of the report provides in-depth information about the pricing analysis of polythiols market in different regions worldwide. An exhaustive overview of the pricing structure till the end of forecast period and primary factors that are impacting the pricing analysis of the market are included in the report.
Chapter 7- Global Polythiols Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
The exhaustive evaluation and forecast on polythiols market has been given in this chapter of the report. Imperative numbers, including historical, current and future size of the polythiols market has been provided in terms of value in the chapter.
Chapter 8- Global Polythiols Market Analysis 2014-2018 and Forecast 2019-2029, By Source
This chapter of the report on polythiols market provides information about the key market particulars, breakdown and forecast of the industry on the basis of product sources. Based on sources, the polythiols market is bifurcated into synthetic polythiols and natural polythiols.
Chapter 9- Global Polythiols Market Analysis 2014-2018 and Forecast 2019-2029, By Applications
This part of the report on polythiols market offers information pertaining to the significant market particulars, breakdown and forecast based on applications of the key product. On the basis of application, the market is segmented into sealants, coatings, and adhesives.
Chapter 10- Global Polythiols Market Analysis 2014-2018 and Forecast 2019-2029, By End User Industry
This section of the polythiols market report offers details related to the key market particulars, breakdown and forecast based on end user industry. On the basis of end user industry, the market is segmented into automotive & transportation, consumer goods, building & construction, electronics and electrical and others.
Chapter 11- Global Polythiols Market Analysis 2014-2018 and Forecast 2019-2029, by Region
This chapter of the polythiols market report provides valuable insights pertaining to polythiols market performance in various regions, including North America, Latin America, Middle East and Africa (MEA), East Asia, and South Asia & Oceania. It also sheds light on the regional trends that are shaping the growth of the market in these regions.
Chapter 12 - North America Polythiols Market Analysis 2014-2018 and Forecast 2019-2029
This chapter of the report on polythiols market provides key insights pertaining to North America polythiols industry, and also mentions the regional trends that are impacting the growth of the market in this regions.
Chapter 13 – Latin America Polythiols Market Analysis 2014-2018 and Forecast 2019-2029
This chapter of the polythiols market report offers key insights related to Latin America polythiols industry, and also provides regional trends that are impacting the sales of polythiols in the region.
Chapter 14 – Europe Polythiols Market Analysis 2014-2018 and Forecast 2019-2029
This part of the report provides incisive insights about the Europe polythiols market and also provides regional trends that are shaping the growth of the market in the region.
Chapter 15 – South Asia & Oceania Polythiols Market Analysis 2014-2018 and Forecast 2019-2029
This chapter of the polythiols report offers in-depth insights regarding South Asia & Oceania polythiols market and also sheds light on the trends that are shaping the growth of the market in India, Thailand, Indonesia, Malaysia, and Rest of South Asia & Oceania.
Chapter 16 – East Asia Polythiols Market Analysis 2014-2018 and Forecast 2019-2029
This part of the polythiols report provides comprehensive insights pertaining to East Asia polythiols market and also gives information about the trends that are influencing the growth of the market in China, Japan, and South Korea.
Chapter 17 – Middle East & Africa Market Analysis 2014-2018 and Forecast 2019-2029
This section of the polythiols report offers detailed insights related to Middle East & Africa polythiols market and also sheds light on the trends that the influencing the growth of the market in GCC countries, Turkey, Northern Africa, South Africa, and Rest of Middle East & Africa.
Chapter18 - Emerging Countries Polythiols Market Analysis 2014-2018 and Forecast 2019-2029
This sections of the polythiols market report offers incisive insights and information about the performance of various segments of the market in the emerging countries in the world, such as China, India and Mexico.
Chapter 19- Market Structure Analysis
This section of the report provides market structure analysis of polythiols market, and sheds light on the market competition dashboard. This chapter also provides information about market structure, and company share analysis, and the list of players operating in the market.
Chapter 20 - Competition Analysis
This weighted chapter of the polythiols market report offers comprehensive evaluation of the market’s structure, and also encompasses the company profiles of leading market players. Key companies profiled in the polythiols market report include Arkema SA, Chevron Phillips Chemical Co., LP., BRUNO BOCK Chemische Fabrik GmbH & Co. KG, and Toray Fine Chemicals.
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