Global Ethanethiol (Ethyl mercaptan) (CAS 75-08-1) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ethanethiol (Ethyl mercaptan) (CAS 75-08-1) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Ethanethiol (Ethyl mercaptan) (CAS 75-08-1) market finds that the global Ethanethiol (Ethyl mercaptan) (CAS 75-08-1) market reached a value of USD 77.35 million in 2022. It’s expected that the market will achieve USD 136.2 million by 2028, exhibiting a CAGR of 9.89% during the forecast period.

Challenge from manufacturing methods

Although ethyl mercaptan has good performance, it has a low boiling point and limited transportation conditions, which increases the transportation cost. In addition, several preparation processes also have limitations. The absolute ethanol method has lower yields, and High raw material requirements, large amounts of acid and alkali, and strong corrosiveness to equipment. The chloroethane method requires pressure during the preparation process, and requires high equipment, intermittent operation, high labor intensity, and limited sources of chloroethane. The main disadvantages of the Ethanol Method are high reaction temperature, highly toxic hydrogen sulfide, and strong corrosiveness to equipment. Therefore, efficient production methods remain one of the main challenges.

Demand of downstream application

Ethanethiol is widely used in Mining, Industry, Warning Gas, Chemicals, Others and other industries, and play an important role in these industries. Especially in the Mining and Chemical Industry, demand is bigger. The United States, China and India is an agricultural big country, that are in great demand for agricultural Chemicals, according to the federation of Indian Chambers of commerce data, India is second only to the United States, Japan and China the world's fourth largest producer of Warning Gas. In the pesticide industry, ethyl mercaptan or ethyl mercaptan is widely used as an intermediate in pesticide production. In addition to the strong demand for agricultural chemicals in the Asia-pacific region, there is also increasing demand for Agrochemicals. Gas is released into the mine's ventilation system to alert miners in an emergency. According to relevant data, the world's top five to ten multinational companies, accounting for more than 50% of the global reserves and production of iron, copper, aluminum and zinc. Brazil, Australia and India account for 60% of the world's iron ore production and 90% of world trade. In contemporary China, mining provides 95% of energy resources and 80% of raw materials for national economic and social development. Therefore, the development of Agrochemicals in the Asia-Pacific region will also greatly increase the demand for ethyl mercaptan.

Region Overview:

USA is projected to account for a considerable share of the Ethanethiol (Ethyl mercaptan) (CAS 75-08-1) market and is expected to become the largest region by 2028.

Company Overview:

Chevron Phillips is one of the major players operating in the Ethanethiol (Ethyl mercaptan) (CAS 75-08-1) market, holding a share of 64.56% in 2021.

Chevron Phillips

Chevron Phillips Chemical Company LLC produces and distributes petrochemical. The Company offers olefins, polyolefins, aromatics, cyclohexane, styrene, polystyrene, benzene, mining chemicals, and polyalphaolefins. Chevron Phillips Chemical Company serves customers worldwide.

Arkema S.A.

Arkema SA manufactures and markets a wide range of chemicals. The Company manufactures both industrial chemicals and performance products including acrylics, polymethyl methacrylate (PMMA), hydrogen peroxide, technical polymers, specialty chemicals, and functional additives.

Segmentation Overview:

Among different product types, Ethylene Method segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Agrochemicals segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Ethanethiol (Ethyl mercaptan) (CAS 75-08-1) market covered in Chapter 3:

Chevron Phillips
Nantong Jiangshan Agrochemical&Chemicals
Arkema S.A.
Jinan Great Chemical Co.,Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Ethanethiol (Ethyl mercaptan) (CAS 75-08-1) market from 2018 to 2029 is primarily split into:

Ethylene Method
Ethanol Method
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ethanethiol (Ethyl mercaptan) (CAS 75-08-1) market from 2018 to 2029 covers:

Agrochemicals
Warning Gas
Pharmaceuticals
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)