Global Lawesson's Reagent Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Lawesson's Reagent Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Lawesson's reagent, or LR, is a chemical compound used in organic synthesis as a thiation agent. Lawesson's Reagent is a mild and convenient thionating agent for ketones, esters, and amides that allows the preparation of thioketones, thioesters and thioamides in good yields. As an oxygen-sulfur exchange reagent, Lawson's reagent is most commonly used in the preparation of thioamides. In addition, Lawson's reagent was first prepared by the reaction of aromatic hydrocarbons with tetraphosphorus decasulfide in 1956, and was named after the Swedish chemist Sven-Olov Lawesson's research on its reaction with organic compounds.

Market Overview:

The latest research study on the global Lawesson's Reagent market finds that the global Lawesson's Reagent market reached a value of USD 62.5 million in 2022. It’s expected that the market will achieve USD 109.89 million by 2028, exhibiting a CAGR of 9.86% during the forecast period.

Marketing channel sales will be affected differently

The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some Lawessons Reagent enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

Upstream and downstream interactions will lead to the disruption of business
The epidemic will have a short-term impact on Lawessons Reagent industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply is difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in Lawessons Reagent industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and losing business.

Stiff competition

With major manufacturers and suppliers in the Lawessons Reagent industry competing at globally, the intensity of competition within the Lawessons Reagent industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a Lawessons Reagent business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established Lawessons Reagent manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes.

Outstanding advantages of the product itself

Lawesson's reagent has many advantages over the classical thionating reagent P4S10 such as mild reaction conditions, simplicity, and high. Lawessons Reagent is easy to prepare, simple to operate, safe, and easy to handle, and has a major breakthrough in the synthesis of heterocyclic compounds. Furthermore, Lawesson's reagent is a versatile reagent and shows excellent regioselectivity, and chemoselectivity, and offers products in high yields. It can be said that all the advantages of Lawesson's reagent are the driving force for the development of the industry and have a beneficial impact on the industry. Lawessons Reagent itself has prominent advantages and is conducive to the development of the industry

Region Overview:

China is projected to account for a considerable share of the Lawesson's Reagent market and is expected to become the largest region by 2027.

Company Overview:

Sigma-Aldrich is one of the major players operating in the Lawesson's Reagent market, holding a share of 23.14% in 2020.

Sigma-Aldrich

Sigma-Aldrich provides scientists and engineers with best-in-class lab materials, technologies and services. With the 2015 combination of EMD Millipore and Sigma-Aldrich, Sigma-Aldrich now has a broad portfolio of 300,000 products and an expanded global footprint.

Alfa Aesar

Alfa Aesar is a leading manufacturer and supplier of research chemicals, metals and materials for a wide range of applications. Alfa Aesar has over 50 years of experience in manufacturing and packaging fine and specialty chemicals to customers specifications. Alfa Aesar has now become a subsidiary of Thermo Fisher Scientific, a leading manufacturer and supplier of scientific research chemicals, metals and life science products.

Segmentation Overview:

As for product types, the Purity (99%-95%) segment held the largest market share in 2021.

In terms of purity, Lawessons Reagent can be divided into Above 99% and 99%-95%, 99% and Below 95% purity. The above 99% Lawessons Reagent has the highest purity and the lowest impurity content, so it is suitable for important and precise analysis and scientific research work. Lawessons Reagent with 99%-95% purity is slightly inferior to reagents with purity above 99%, suitable for important analysis and general research work. The purity of the Lawessons Reagent below 95% is quite different from the previous two, and is suitable for school research and general analysis work.

Application Overview:

By application, the Pharmaceutical Synthesis segment occupied the biggest share from 2017 to 2022.

Lawesson's reagent is widely used to convert carbonyls into thiocarbonyls and showed versatile properties, including chemoselectivity and functional group tolerance. The main use of Lawesson's reagent is the thionation of carbonyl compounds. For instance, Lawesson's reagent will convert a carbonyl into a thiocarbonyl. Additionally, Lawesson's reagent has been used to thionate enones, esters, lactones, amides, lactams and quinones. Moreover, Lawesson's reagent reacts with sulfoxides to form a thio product, which are then desulfurized to form thioethers. Therefore, it can be used as a reducing agent for sulfoxide. Based on the above points, Lawson's reagent is widely used in several applications such as drug synthesis and material research.

Key Companies in the global Lawesson's Reagent market covered in Chapter 3:

Finetech Industry Limited
Alfa Aesar
Energy-Chemical
Ivy Fine Chemicals
TCL
Hangzhou Dayangchem Co. Ltd.
Toronto Research Chemicals
Sigma-Aldrich

In Chapter 4 and Chapter 14.2, on the basis of types, the Lawesson's Reagent market from 2018 to 2029 is primarily split into:

Purity (Above 99%)
Purity (99%-95%)
Purity (Below 95%)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Lawesson's Reagent market from 2018 to 2029 covers:

Pharmaceutical Synthesis
Materials Research
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)