The polythiols market is forecast to witness a lower single digit growth rate in the coming years, as indicated by a recent intelligence study of Fact.MR. The report opines that polythiols sales will be sustained by continued demand for epoxy curing agents and expansion of end-use industries.
Polythiols have been the key thiochemicals with wide applicability in animal feed sector, oil & gas industry, and paints & coatings industry. However, application of polythiols in curing of epoxy resins and chain transfer reactions will remain key contributors to revenue growth of the polythiols market. Sealants currently account for over 45% of demand for polythiols and will remain the key consumer category in polythiols market. This study on the global polythiols market unleashes the key dynamics, opportunities, and trends shaping the competition landscape of market over the years to come. Between 2019 and 2029, the report expects polythiols market revenues to witness modest growth at 3.6% CAGR.
Accounting for over 2/5th of the global polythiols market revenues, East Asia continues to be a lucrative market for stakeholders. Expansion of construction, automotive, and semiconductor industries across the region, particularly in China, Japan, and South Korea, is likely to establish a firm base for sustained adoption of polythiols within the region. While China and India have been high growth markets for construction industry, the smart city initiatives further point to a relatively optimistic outlook of polythiols in the forthcoming years.
Rising Preference for Bio-Based Epoxy Curing Agents Shaping Innovations
One of the raw materials used in manufacturing of polythiols, 1,8-Dimercapto-3,6-dioxaoctane (DMDO) has recently been gaining momentum in the sealants, coatings, and adhesives landscape. DMDO is highly likely to witness considerably increasing demand owing to attributes, such as less viscosity, reduced gel time, and superior reactivity at lower temperatures. Several manufacturers of polythiols, Arkema being one of the first movers, are preferring DMDO as it allows for generation of new polythiols without ester groups, which is accountable for water resistant abilities of end products.
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In the backdrop of considerably high emission of volatile organic compounds (VOCs) during the production of epoxy resins, manufacturers are embracing the mass shift to bio-based raw materials that can assist a potentially sustainable production of epoxy curing agents. In line with tightening regulatory framework in favor of adopting eco-friendly production process for epoxy curing agents, bio-based raw materials, such as natural polythiols are highly likely to see a heap of new opportunities in market over the course of coming years.
The sodium percarbonate market has been envisaged to surpass revenues worth US$ 600 Mn in 2019, in line with its growing adoption as a high performance oxygen bleaching agent for industrial as well as household applications.
According to a new Fact.MR report, global demand for sodium percarbonate accounted for a sales volume of 1051 KT in 2018, which is projected to grow substantially through 2019 and beyond.
A plethora of factors are shaping growth in the sodium percarbonate market, ranging from growing demand for low-cost cleaning agents to shifting customer preference for eco-friendly bleach products.
Fact.MR study presents a long-term outlook of the sodium percarbonate market for the period 2019 to 2029.
Powerful bleaching, disinfection, and cleaning capabilities are the key attributes that are highly likely to remain key influencers, sustaining sodium percarbonate sales over the forthcoming years.According to the study, significant adoption of sodium percarbonate for laundry and cleaning applications, which collectively contributed to nearly 90% sales in 2018, continue to uplift the market growth significantly.
Moreover, the growing use of sodium percarbonate as a formulating ingredient in deck, carpet, household, and laundry cleaning products has been creating notable growth avenues for stakeholders.
