Vinyl Sulfone Market

Vinyl Sulfone Market Analysis by Divinyl Sulfone, Methyl Vinyl Sulfone, and Phenyl Vinyl Sulfone for Dyestuff Manufacturing, Proteomics, and Chemical Intermediates from 2023 to 2033

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

Vinyl Sulfone Market Growth Outlook (2023 to 2033)

Based on the analysis by Fact.MR, the global vinyl sulfone market is valued to be US$ 1.3 billion in 2023 and it is anticipated to grow at a CAGR of 4.0% to reach US$ 1.9 billion by the end of 2033.

Vinyl sulfone is a chemical reagent that is used as raw material in the manufacturing of reactive dyes that are basically used in the textile industry. It is also consumed as a molluscicide pesticide in agriculture and gardening in order to control snails and slugs which are responsible for damaging crops and other valued plants.

Report Attributes

Details

Vinyl Sulfone Market Size (2022A)

US$ 1.2 Billion

Estimated Market Value (2023E)

US$ 1.3 Billion

Forecasted Market Value (2033F)

US$ 1.9 Billion

Global Market Growth Rate (2023-2033)

4.0% CAGR

North America Market Share (2023)

22.1%

Key Companies Profiled

  • Kiri Industries Limited
  • Bodal Chemicals Ltd.
  • Bhageria Industries Limited
  • AksharChemIndia
  • Shree Pushkar Chemicals
  • Fertilizers Ltd.

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Historic and Future Pathway Analysis for the Vinyl Sulfone Market

According to Fact.MR, historically, from 2018 to 2022, utilization of vinyl sulfone increased at around 4.0% CAGR, wherein, countries such as the United States, China, Japan, Germany, and India held a significant share in the global market.

  • Short Term (2023-2026): Growing use of vinyl sulfone in reactive dye manufacturing to elevate the market growth.
  • Medium Term (2026-2029): The surge in demand from the textiles industry across Asian countries majorly India and China is expected to drive the demand for vinyl sulfone during the medium term.
  • Long Term (2029-2033): Efforts by market players to remain competitive and curb the demand pool are likely to drive the market in a long run. Upcoming the setbacks of the vinyl sulfone to play a major role in continuing its demand across end-use industries.

According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.0% CAGR between 2023 and 2033.

Market Dynamics Overview

“Growing Textile Industry to Boost the Global Vinyl Sulfone Market Growth”

The global vinyl sulfone market is growing rapidly. This is mainly due to its widespread use in dye manufacturing and the growing interest of major companies in expanding production capacity.

With the growing disposable income and social media influence people tend to invest more in their clothes and enhancement of quality of living, due to this the demand for the dye to dye clothes is increasing. The growing dye demand for dye clothes creates ample growth opportunities for the vinyl sulfone market as it is used in the manufacturing of dyes.

Also, with the initiative to recycle old clothes in order to improve environmental health or the launch of conductive or sustainable apparel the demand for dye is multiplying which pullulates the market growth of vinyl sulfone.

“Factors Affecting Vinyl Sulfone Market Growth”

The strict government regulations due to the growing environmental concerns are expected to hinder the growth of the global vinyl sulfone market. Over the past five years, developed regions around the world have committed to phasing out the use of environmentally unfriendly products in dye production. Vinyl sulfone is one of the chemicals on the local government's blacklist.

Aside from the imposition of regulations in various regions, changes in consumer behavior regarding the use of natural-colored textiles have halted opportunistic growth in developed economies. Alternatives are also available to meet the end-user’s requirements such as green alternatives or traditional methods.

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Country-wise Insights

What are the Factors Driving Vinyl Sulfone Demand Across the India?

Increasing garment and apparel production in India is expected to boost the textile industry. This is expected to increase the demand for dyestuffs and create a positive impact on the vinyl sulfone market. Growing demand for vinyl sulfones in colorants has boosted the development of the vinyl sulfones market in India.

The Indian states of Gujarat and Maharashtra, with easier access to raw materials and strong control over the textile business, have immense growth opportunities for the market players. Manufacturers forge strategic relationships with textile industry partners for dyestuff production in India.

Why is China’s Vinyl Sulfone Market Expected to Be Highly Lucrative?

Geographically, China is expected to hold a prominent share of the global vinyl sulfone market and is expected to maintain its dominance during the forecast period. China is the frontrunner in the global vinyl sulfone market. In emerging markets such as China, huge demand for dyestuffs from various end-use industries such as textiles, leather, and paper is driving the market growth.

Growing reactive dye production and logistics across the country to strengthen the demand for vinyl sulfones in China. Vinyl sulfone esters are mainly used in the production of reactive dyes. The growing reactive dye industry in China drives the vinyl sulfone market.

Category-wise Insights

Why does Dyestuff Manufacturing Hold a Higher Market Share?

The development of businesses such as paper, textiles, wood, and leather are major end-users of dye, leading to high dye production. Vinyl sulfone is estimated to witness prominent growth in dyestuff manufacturing as it is used as a raw material for dye production, and the growing dye demand is driving the global vinyl sulfone market.

Dyestuff manufacturing became the largest application segment due to the increasing demand from the textile industry for dying and printing purposes, and others.

Why Phenyl Vinyl Sulfone is in High Demand?

Phenyl vinyl sulfone is an aromatic vinyl sulfone. It is a colorless liquid with a faint sulfur odor. It is insoluble in water but soluble in most organic solvents. This compound is used as a monomer for the synthesis of polymers. Phenyl Vinyl Sulfone is also used as a cross-linking agent and as a plasticizer. On the back of the aforementioned factors, phenyl vinyl sulfone is gaining traction.

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Eminent Players Key Stratagems

Prominent vinyl sulfone manufacturers are Kiri Industries Limited, Bodal Chemicals Ltd., Bhageria Industries Limited, AksharChemIndia, Shree Pushkar Chemicals, and Fertilizers Ltd, among others.

Market participants are using organic and inorganic marketing strategies to reach their goals. Strategic mergers and acquisitions were also observed, followed by new product launches.

Market players are also focusing on strengthening their supply chains by forming long-term trade alliances with regional and global distribution partners while simultaneously establishing new networks.

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

Segmentation of Vinyl Sulfone Industry Research

  • By Type :

    • Divinyl
    • Phenyl
    • Methyl
    • Ethyl
  • By Application :

    • Chemical Intermediates
    • Dyestuff Manufacturing
    • Proteomics
    • Others
      • Color
      • Paint
      • Leather
      • Rubber
      • Plastic
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What was the Global Vinyl Sulfone Market Size reported by Fact.MR for 2022?

The global vinyl sulfone market size reported by Fact.MR for 2022 is valued at US$ 1.2 billion.

What is the Vinyl Sulfone Market Estimated to Reach in 2023?

The vinyl sulfone market is estimated to reach US$ 1.3 billion in 2023.

What is the Vinyl Sulfone Market Valuation Expected for 2033?

The vinyl sulfone market valuation is expected to reach US$ 1.9 billion by 2033.

What is the Projected CAGR for the Vinyl Sulfone Market from 2023 to 2033?

The projected CAGR for the vinyl sulfone market from 2023 to 2033 is 4.0%.

Who are the Major Players in the Vinyl Sulfone Market?

Market players which have dominance in the market include Kiri Industries Limited, Bodal Chemicals Ltd., and Bhageria Industries Limited, among others.

What are the Factors Driving the Vinyl Sulfone Sales Growth During the Forecast Period?

Factors such as the growing demand for vinyl sulfone from the flourishing textile industries bolster the growth of the vinyl sulfone market.