Polythiols Market : Opportunities and Forecast Assessment, 2019 to 2029

An exclusive market study published by Fact.MR on the Polythiols Market offers insights related to how the market is projected to grow over the forecast period 2019 to 2029. The objective of the report is to enable our readers to understand the various aspects of the Polythiols Market and assist them to formulate impactful business strategies. Furthermore, the different factors that are expected to influence the current and future dynamics of the Polythiols Market are discussed in the presented study.

According to the report, the Polythiols market is set to reach a market value of ~US$ XX by the end and register a CAGR growth of ~XX% during the assessment period. The report offers an in-depth understanding of the Polythiols supply chain, value, and volume chain across the various regional markets.

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Important Insights Enclosed in the Report:

  • Technological developments within the Polythiols Market sphere
  • Growth prospects for new market players across different regions
  • Company profiles of leading players in the Polythiols Market
  • Up-to-date insights related to the key success factors impacting the growth of the Polythiols Market
  • Recent mergers, acquisitions, partnerships, and strategic alliances

The latest business intelligence report on the Polythiols Market published by Fact.MR introspects the various parameters that are likely to influence the growth trajectory of the Polythiols Market during the forecast period 2019 to 2029. The report includes a detailed qualitative and quantitative assessment of the Polythiols Market and touches upon the business strategies of the prominent players operating in the Polythiols Market.

The published report provides a deep understanding of the Polythiols Market by segregating the market into different segments such as region, application, and end-use industry.

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Competitive Landscape

According to Fact.MR study, the polythiols market is witnessing passive growth owing to the limited number of active players in the industry and the availability of better alternatives. The polythiols market is led by two key players Arkema SA and Toray Industries Inc., and they collectively command nearly. Other market players, including BRUNO BOCK Chemische Fabrik GmbH & Co. KG and Chevron Phillips Chemical Co., LP collectively hold nearly 30% to 35% share, whereas unorganized and small players account for the rest of miniscule share.

As industry players stare at an uncertain future, tilting more toward bearish rather than bullish, Production expansion is another significant strategy of market goliaths, who envision higher adoption and better valuation of polythiols in near future. For instance, Arkema, one of the leaders in the global specialty chemicals, recently expanded its chemicals global manufacturing capacity for linear mercaptans due to the growing demand of polymers for transportation and electronics market. Another market forerunner, Toray Industries, Inc. is investing considerably in the R&D that creates avenues for new products. For instance, Toray is building a R&D center in Seoul to identify novel growth engines in company’s efforts to reinforce its presence in the Korean market.Unique strategies based on innovation, an increased presence in emerging markets, and targeted acquisitions remain the key strategies of the leading stakeholders in the polythiols market.

polythiols market concentration

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Key Challenges Faced by Stakeholders in Polythiols Market

  • Polythiols sales are declining drastically due to the growing availability of numerous thiochemicals and epoxy curing agents, such as amines & polyamides anhydrides, and imadazoles. On the back of superior chemical properties, these agents are increasingly replacing polythiols in coatings, adhesives, and sealants applications.
  • Growing prices of sulfur, which is the key raw material used in the production of polythiols, continue to pose cost-related challenges. As companies eye novel manufacturing processes that are based on low cost raw materials, polythiols suppliers are hard-pressed to develop low-cost variants to stave off the threat of alternatives.
  • It is not only the functional properties of polythiols but also the aesthetic limitations that are impeding adoption – polythiols have a pungent odor, which is influencing end-users to look for alternatives with milder odors.
polythiols market regional analysis

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Future Outlook – Leveraging Opportunities Amidst Waning Demand

Although polythiols are being quickly replaced by more feasible alternatives, they still witness sizeable demand in the construction and defense sectors. Instead of a plethora of opportunities, market players have to contend with a status-quo that is changing for the worse. However, pockets of growth continue to sustain –demand for highly effective modifiers is triggering sales of aliphatic polythiols. These aliphatic polythiols are being used in combination with other curatives, such as amines and polyamines, to develop modifiers for epoxy systems that enable faster curing.

The resurgency in infrastructure investment has led to growing demand for a range of materials. This period of ascendancy has also rubbed off on polythiols demand, as their excellent chemical and weather resistance properties, coupled with high impermeability, and good heat insulation attributes aren’t lost on end-users.

Key Trend – Rising Adoption of DMDO for Polythiols Production

Leading manufacturers in polythiols market, such as Arkema SA are increasingly adopting 1,8-Dimercapto-3,6-dioxaoctane (DMDO) for the production of polythiols, owing to its double SH-functionality that enables formation of new generation compounds with enhanced properties. Furthermore, DMDO leads to the production of new polythiols without ester groups that demonstrate better water resistance as compared to PETMP (PentaErythritolTetraMercaptoPropionate). In view of manufacturers growing initiatives, it is highly likely that the market will witness novel trends and developments that will further shape the market growth in the forthcoming years.

Polythiols Market – Research Methodology

polythiols market taxonomy

A realistic methodology along with a holistic approach makes the base of the actionable insights covered in the global polythiols market. The Fact.MR report offers comprehensive information related to the growth prospects of polythiols industry and intriguing insights into the forecast analysis of the market.

Extensive primary and secondary research has been done to compile valuable insights into the projection analysis of polythiols market. The report on polythiols market has also undergone cross-validation to ensure the delivery of authentic information to the readers.

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Important queries addressed in the Polythiols Market report:

  • How will the evolving trends impact the growth of the Polythiols Market over the forecast period?
  • Which companies are currently dominating the Polythiols Market in terms of market share?
  • How can market players capitalize on the lucrative opportunities in Region 1?
  • What is the projected growth rate of the Polythiols Market in various regions during the forecast period?
  • Is the current market scenario favorable for the growth of new market players?

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