Polythiols Market Recorded a CAGR of Nearly 5% Between 2019 and 2029

A recently compiled report of Fact.MR, titled “Global Polythiols Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019-2029,” offers an exhaustive analysis on the polythiols market worldwide. Size of the polythiols market has been evaluated indepth and presented in terms of (US$ Mn) and volume (tons) in the report. The report also gives a
thorough analysis and forecast on the various segments of the market, along with a crystal clear view of the competitive landscape of the polythiols market.

Polythiols Market in Numbers:

  • Polythiols market recorded a CAGR of nearly 5% between 2014 and 2018.
  • Global sales of polythiols were nearly US$ 200 Mn in 2018, and the market is estimated to record a CAGR of about 4.0% through 2029.
  • East Asia will continue to lead the polythiols market, upheld by growing demand for epoxy curing agents for the development of light-weight compositions for different components in the automotive & transportation industry.

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Chapter 1 – Polythiols Market Executive Summary
A succinct summary of the polythiols market has been given in the initial chapter of the report, which offers a synopsis of the primary findings in the market, along with information on the market structure. Opportunity assessment for a wide range of companies operating in the polythiols market has been offered with the aid of Wheel of Fortune. Primary trends that are impacting the growth of the polythiols market are also given in the report.

Chapter 2- Polythiols Market Overview
The report gives a concise overview of the polythiols market, which includes the introduction along with the definition of the target product– polythiols. An organized breakdown of the polythiols market has also been provided in the report.

Chapter 3- Polythiols Key Market Trends
This chapter of the report provides information about the key trends that are impacting the growth of the market. It also sheds light on the unique development trends that are likely to shape the flow of the market in the foreseeable period.

Chapter 4 – Polythiols Market Background
This section of the report polythiols market provides a comprehensible outlook of the market background, wherein various factors that are impacting the sales of polythiols have been provided in detail. This chapter also gives information regarding the applications of the target product to assist the market enthusiasts in evaluating the growth of polythiols market.

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.

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.

Rising Preference for Bio-Based Epoxy Curing Agents Shaping Innovations

One of the raw materials used in manuafcturing of polythiols, 1,8-Dimercapto-3,6-dioxaoctane (DMDO) has recently been gaining momentum in the sealants, coatings, and adhesives landscape. DMDO is highly likley 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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