According to a new report by Expert Market Research, ‘Global Methyl Mercaptan Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, the global Methyl Mercaptan market was valued at $XX million in 2019, and expected to reach $XX million by the end of 2025, growing at a CAGR of XX% between 2020 and 2025.
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Competitive Landscape & Supplier Analysis:
- Arkema S.A. (EPA: AKE)
- Chevron Phillips Chemical Company
Methyl mercaptan also called as methanethiol is colorless gas having rotten cabbage like putrid smell. It has chemical formula CH4S and is synthesized by reacting methanol and hydrogen sulfide gas. Methyl mercaptan is naturally occurring substance which is found in bodies of humans and animals and also in the plant tissues. Methyl Mercaptan (Methanethiol) is released from the decaying organic matter and thus found in natural gas, crude oil and some coal tar deposits. Methyl mercaptan (methanethiol) is used in pesticides, jet fuel additive, in the plastic industry and most importantly it is used as the intermediate in the synthesis of methionine (an amino acid), extensively used food supplement in poultry industry. The other uses of methyl mercaptan is as fungicide and as a catalyst for various reactions. Methyl mercaptan is a flammable liquid which causes eye irritation, headaches and nausea. Facility workers are well trained for the safe handling of the product.
The global market for methyl mercaptan is expected show single digit CAGR in upcoming years. North America being the leading market region for methyl mercaptan is expected to show substantial growth in future due to food demand and expected growth in different application industries. Asia pacific is second highest growing market for methyl mercaptan owing to the high population and their demand for food. Apart from china and India south Asian countries in this region are expected to show single digit CAGR in the methyl mercaptan market. The mid-east countries are also expected to show the growth in methyl mercaptan market which are having many oil and gas production facilities.
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This report provides detailed historical analysis of global market for Methyl Mercaptan, and provides extensive market forecasts from 2020-2025 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Methyl Mercaptan market.
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