To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information

I Agree

Propane Sultone Market

Propane Sultone Market Analysis, By Form (Powder and Liquid), By Function (Adhesive, Additive, and Chemical Intermediate), By End-Use Industry (Pharmaceutical, Chemical, Textile), By Purity and Region - Global Market Insights 2023 to 2033

Analysis of Propane Sultone Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Propane Sultone Market Outlook (2023-2033)

The global propane sultone market is set to estimate a valuation of US$ 161.1 million in 2023 and it is anticipated to grow at a CAGR of 5.9% to reach US$ 285.2 million by the end of 2033.

The growth is attributed to the growing chemical industry that requires propane sultone as an intermediate during the manufacturing process of various chemicals.

Report Attributes

Details

Market Size (2023)

US$ 161.1 Million

Forecasted Market Value (2033F)

US$ 285.2 Million

Global Market Growth Rate (2023-2033)

5.9% CAGR

North America Market Share (2023)

~24.1%

East Asia Market Growth Rate (2023-2033)

~6.3% CAGR

Key Companies Profiled

  • Cymit Química S.L.
  • HOPAX
  • INVELYCHEM
  • Merck KGaA
  • TCI Chemicals (India) Pvt. Ltd.
  • Thermo Fisher Scientific
  • WUHAN BRIGHT CHEMICAL CO. LTD

Don't Need a Global Report?

Save 40% on Country & Region specific reports

Sales Analysis: Historic to Futuristic

Propane sultone is easily soluble in water and organic solvents, including ketones, esters, and aromatic hydrocarbons and is found as a colorless liquid or white crystalline solid. Propane sultone act as a chemical intermediate in the manufacturing process of detergents, lathering agents, dyes, bacteriostats, insecticides, fungicides, cation-exchange resins, vulcanization accelerators, and corrosion inhibitors.

The demand for these products is anticipated to increase owing to the rising population, industrialization, and urbanization.

The global consumption of pesticides reached around 4.5 million tons in 2021 and is expected to increase further in the coming years owing to increased agricultural activities. Thus, paving the way for the propane sultone market.

  • Short Term (2023-2026): Augmenting utilization of propane sultone as a chemical intermediate in the production of various chemicals is driving the market for propane sultone.
  • Medium Term (2026-2029): Rising use of propane sultone as an additive during lithium batteries production which is expected to increase in the coming years, will drive propane sultone demand in the long run.
  • Long Term (2029-2033): R&D explores the demand for propane sultone in various new domains, which in turn, drive the propane sultone market’s growth during the forecast period.

According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 5.9% CAGR between 2023 and 2033.

Propane sultone market forecast by Fact.MR

Market share analysis of propane sultone based on form and region is provided in a nutshell in the above image. Under the form segment, the powder sub-segment dominates with a 72.8% market share in 2023.

“Increasing Demand for Lithium Battery to Bolster Demand”

Propane sultone is an electrolyte additive used to make lithium-ion batteries. In lithium secondary batteries, 1,3-propane sultone is utilized to extend battery life and cycle times. Lithium secondary batteries are batteries that can be recharged. Such batteries find their application in various energy storage systems and electric cars, cell phones, cameras, and other battery-powered devices.

The rising demand for power generation and the global shift towards clean and green energy have increased the demand for renewable energy. The power produced from renewable sources has to be stored to be utilized later on. With more and more adoption of power generation by renewable sources, the need for energy storage will increase, thus increasing the demand for lithium secondary batteries.

  • The total number of electric vehicles operating on the road was around 16.5 million units by the end of 2021. Growing demand for EVs and electronic devices will boost the demand for lithium secondary batteries which in turn surge the propane sultone market growth.

“Diverse Applications to Offer Lucrative Opportunities”

Propane sultone has been used as an intermediate in the pharmaceutical industry. Additionally, it has been employed to make hydroxyl sulfonate to be utilized in foam treatment and micellar polymer flooding for better oil recovery.

In addition, the substance is employed for laboratory chemical synthesis as well as the production of goods for the galvanotechnical and photography industries.

Further, in order to increase the hydrophilicity of dyes, polymers, nucleosides, and proteins, 1,3-propane sultone can be utilized in the form of sulfonic acid, sulfonate, and sulfonamide. It is also frequently employed in the production of several kinds of surfactants.

  • REACH Law of the European Union permits the use of 1,3-propane sultone as an additive for electrolysis, the production of chemicals, the large-scale production of bulk chemicals, and the formulation of preparations, compounds, and mixtures.

Its wide range of applications in various industries will drive the market of propane sultone providing ample opportunities to the manufacturers.

“Harmful effects of Propane Sultone Likely to Hamper Market Growth”

Short-term exposure can cause irritation in the skin, eyes, nose, and throat if inhaled. When reacting with reducing agents such as aluminium, lithium, sodium, and their hydrides, propane sultone produces flammable and toxic hydrogen sulfide gas. It reacts with moist air to form propane sulfonic acid which is toxic in nature.

  • IARC has classified propane sultone in Group 2B which lists chemicals that are possible carcinogens. Propane sultone can cause cancer in humans as studies have proved it to be a carcinogen in animals causing leukemia, and cancer in the skin, kidney, intestine, CNS, and mammary glands. Scientists believe that there is no safe level when it comes to carcinogen exposure.

Studies have also shown that propane sultone was responsible for cancer in the offspring of the test animal exposed to propane sultone during pregnancy.

Workers dealing in the formulation of compounds produced by utilizing 1,3-propane sultone are at the greatest risk of exposure and thus various organizations around the globe such as the American Conference of Governmental Industrial Hygienists, SCOEL recommends to use of appropriate protective equipment to limit exposure to as low as possible.

Owing to the above-mentioned factors, the demand for propane sultone can be affected.

Propane Sultone Market

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

Country-wise Insights

What Factors Driving the Growth of the Propane Sultone Market in the US?

The United States possesses one of the world's largest manufacturers of electric vehicles, and propane sultone is used as an electrolyte additive in the manufacture of lithium-ion batteries.

  • For instance, according to the U.S. Department of Energy, the sales of electric vehicles grew by 85.0% in 2021 when compared to 2020. Thus, flourishing EVs demand across the US to augment propane sultone market growth.

Further, the energy storage systems create lucrative opportunities for the market as propane sultone has wise applications in energy storage. Hence, with the flourishing energy storage industry, the market is anticipated to witness high growth opportunities.

  • For instance, in 2021, according to Energy Information Administration (EIA), the US produced 826 TWh of electricity using renewable energy sources. According to Energy Information Administration (EIA), a total of 163 energy storage systems were installed in the US with a storage capacity of 1,688 MWh.

These factors will lead to an increase in the demand for propane sultone in the country over the forecast period.

Why does China stand out as one of the Prominent Destinations for Propane Sultone Manufacturers?

China is among the largest pharmaceutical producer in the world and is home to around 4,000 pharmaceutical companies.

The Chinese market represents a major opportunity for automobiles, consumer appliances, electronic products, medical devices, pharmaceutical and chemical manufacturers.

The growing population in China is leading to increased agricultural activities to meet the growing demand. This in turn increases the demand for pesticides such as insecticides, herbicides, and fungicides. The manufacturing process of fungicides utilizes propane sultone as a chemical intermediate.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Category-wise Insights

Why is Multi-Layered Propane Sultone dominating the market?

Propane sultone is mainly utilized as a chemical intermediate in various end-use industries due to its high sulfonating capacity. Propane Sultone is an exceptional sulfonating agent that can accurately add sulfonic acid groups to a wide range of compounds under extremely mild circumstances and give these compounds new characteristics. Propane sultone is employed as a chemical intermediate in the manufacturing process of fungicides, dyes, and detergents.

Will the Growing Textile Industry Augment Propane Sultone Demand?

1,3-propane sultone as an intermediary is used in the manufacturing of various sulfopropylated products, such as detergents, surfactants, wetting agents, and dyes. Dyes are frequently used in the textile industry to add color to a surface by changing the crystal structure of the colored components.

One of the most important aspects of the effective trading of textile goods is the dyeing process. The consumer typically looks for product qualities, such as good fixation with regard to light, perspiration, and washing, both initially and after lengthy usage, along with design and color.

The growing textile industry due to increasing population, growing GDP, and rising disposable income to positively affect the propane sultone market.

Competitive Landscape

Prominent propane sultone manufacturers are Cymit Química S.L., HOPAX, INVELYCHEM, Merck KGaA, TCI Chemicals (India) Pvt. Ltd., Thermo Fisher Scientific, and WUHAN BRIGHT CHEMICAL CO. LTD.

Manufacturers are inclined towards adopting groundbreaking strategies to gain high-profit margins. Long-term trade relations with end-users and offering customized services to enable market players to have a competitive edge in the market. Further, strengthening the distribution channel remains a key strategy among players to cover a wider geography and strengthen their position.

Fact.MR has provided detailed information about the price points of key manufacturers of propane sultone positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Propane Sultone Industry Research

  • By Form :

    • Powder
    • Liquid
  • By Purity :

    • <98%
    • >98%
  • By Function :

    • Adhesive
    • Additive
    • Chemical Intermediate
  • By End-Use Industry :

    • Pharmaceutical
    • Chemical
    • Textile
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- Premium Report Details -

Propane Sultone Market

- Let's Connect -

Talk To an Expert Today Connect

- Get Started -

Get insights that lead to new growth opportunities

Buy Now

Get A Special pricing for start-ups and universities

Enquiry Before Buying

- Humble, Yet Honored -

Our prestigious clients

- Research Methodology -

An Adaptive Approach to Modern-day Research Needs

Get Methodology

- FAQs -

The global propane sultone market is anticipated to be valued at US$ 161.1 million in 2023.

East Asia tops the global propane sultone market is anticipated to account for 18.9% market share in 2023.

Powder propane sultone is predicted to account for 72.8% share of global sales in 2023.

Worldwide demand for propane sultone is anticipated to reach US$ 285.2 million by 2033-end.

Regions considered in the propane sultone market are North America, Latin America, Europe, East Asia, MEA, and South Asia & Oceania.

Exclusive Report

Need An Exclusive Report For Your Unique Requirement?

Google translate