Polythiols Market: Introduction
A study by PMR concludes that, “Polythiols Market Global Opportunities, Challenges, Strategies and Forecasts” has been added on Persistence Market Research.
Polythiols are also known as polythiolethers. They are a compound with mercaptane function in the backbone chain. Sulfur is a key element in the manufacturing of Polythiols. Polythiols are prepared by reacting dichloro compound with sodium sulfide and correspondingly by reacting dithiols with ketone or aldehyde. It has a property of outstanding resistance to heat, chemical abrasion and corrosion.
Epoxy resins also known as polyepoxides, they either react with themselves or with co-reactant such as phenols, alcohols and thiols (polythiols). These co- reactant commonly known as hardeners and such cross-link reaction known as curing. Polythiols are used as an effective modifiers for epoxy systems and allow fast cure. Polythiols combine with amines and polyamines, imparting excellent properties to epoxy resin products.
Polythiols has a wide application as a quick-curing epoxy resin adhesive and sealants in electronic, electrical, automotive, building and construction industry. Polythiols are also used in oil and gas industry, paint and coating industry, marine, aerospace, chemical, plastic and other commercial products.
Polythiols Market: Dynamics
The key driver in polythiols market is demand for light weight components in automotive, aerospace, electronic, electrical industry and transportation industry. Adhesives play an important role in weight reduction due to which polythiols market is projected to grow significantly in forecast period.
Polythiols have major use as adhesives and sealants, as demand for adhesives and sealants is growing in automotive industry therefore automotive industry becomes one of the leading driver for polythiols market.
Due to the rising demand of epoxy resin in global market, polythiols market is also benefiting positively from the same. Polythiols are also gaining importance in paint and coatings industry for manufacturing coatings and packaging products, as polythiols coating retain strong bond even when exposed to heat.
The electrical and electronic industry growth in forecast period also positively impacts the polythiols market as it is use as an adhesive and sealant in component production.
Polythiols market are facing challenge from various thiochemicals and amines & polyamides anhydrides, which are used as epoxy curing agents replacing the polythiols in coating, sealants and adhesives. The increasing price of sulfur which is a key raw material in manufacturing of polythiols, and also the pungent odor may lead end users to look towards alternatives to polythiols, which can further restrain the market growth of polythiols.
Use of 1,8-Dimercapto-3,6-dioxaoctane (DMDO) for the production of polythiols for creating new generation compound has been observed as a key trend. Also, molecules of polythiols are being used for protein immobilization on sensor surfaces. Nowadays, polythiols are also derived from natural sources such as soybean oil, which can act as a game changer for the polythiols market.
Polythiols Market: Segmentation
The Polythiols market segmented into a three type are on the basis of source, application and region:
Global market of polythiols segmented by source:
- Natural Polythiols
- Synthetic Polythiols
Global market of polythiols segmented on the basis of application:
- Adhesives
- Sealants
- Coating
Global market of polythiols segmented on the basis of end user industry:
- Automotive and transportation
- Consumer goods
- Building & constructions
- Aerospace
Polythiols Market Regional Outlook:
East Asia is leading market for polythiols followed by North America, Europe and Other regions thereafter. East Asia has a major share in polythiols market due to growing automotive industry in countries such as China, as demand of light weight components is increasing in automotive industries which significantly drives polythiols market.
Asia Pacific leads the sealants market which helps create high growth for polythiols market in the region. In terms of consumption Europe adhesive market have large share in polythiols market, with countries such as Germany, UK, and France having major demand from automotive sector, which is anticipated to create opportunity for polythiols market to grow. The demand for polythiols market in North America is majorly driven by end-use industries such as Automotive, paints and coatings etc.
Key Participants:
- BASF SE
- Bruno Bock Chemische Fabrik GmbH & Co. KG
- Seidler Chemical Co., Inc.
- Toray Industries, Inc.
- Arkema Group
- ITW Polymers Sealants North America
- Merck KGaA,
- AkzoNobel
- Hevron Phillips Chemicals
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