Published Date: 2019-07-23 | Pages: Ongoing | Tables: Ongoing | Report ID: 7323
Industry: Chemical & Material
The global polythiols market is anticipated to benefit from the growing use of 1, 8-Dimercapto-3, 6-dioxaoctane (DMDO) to produce new polythiols with higher water resistance. DMDO is preferred over other raw materials for manufacturing polythiols due to its favorable properties, including decreased gel time and low viscosity. Increasing adoption of bio-based epoxy curing agents is one of the primary factors expected to support the growth of the global market.
Acquisition could be a powerful strategy that players could adopt to cement a strong market position. In July 2019, AkzoNobel N.V., a Dutch producer of paints and performance coatings, announced the acquisition of Mapaero, a French producer of aerospace coatings and finishes.
Demand for Advanced and More Effective Epoxy Modifiers to Help Improve Sales
● Demand for aliphatic polythiols is predicted to grow with increasing requirement of advanced modifiers
● Rising use of aliphatic polythiols along with polyamines and other curatives in the development of effective epoxy modifiers could create opportunities for manufacturers
● Increasing demand for polythiols in the defense and construction industries is anticipated to bode well for the global market
● High infrastructure investment in key countries such as China is expected to further increase the requirement of polythiols
● Application of polythiols is anticipated to increase because of their excellent heat insulation, impressive impermeability, and high weather and chemical resistance
Companies to Expand Manufacturing Capacity and Focus on Research and Development
The global polythiols market witnesses the presence of top players such as BASF SE, Bruno Bock Chemische Fabrik GmbH & Co. KG, Toray Industries, Inc., Seidler Chemical Co., Inc., ITW Polymers Sealants North America, Arkema Group, Merck KGaA, and AkzoNobel. Among these, Toray and Arkema are expected to exhibit impressive market growth. These players are prophesied to focus on increasing their research and development and manufacturing capacity to bank on key opportunities in the global market. Other players could concentrate on acquisitions, regional expansion, and innovation to achieve a position of strength globally.
In July 2019, Arkema completed the acquisition of US-based specialty chemicals manufacturer ArrMaz. The acquisition will help Arkema to push its development in the specialty surfactants field. In June 2019, Arkema partnered with American digital manufacturing platform Carbon for furthering the adoption of digital manufacturing.
● Synthetic Polythiols
● Natural Polythiols
According to analysts, the natural polythiols market is anticipated to create a whole lot of profit-making opportunities in future, considering the growing preference for environment-friendly processes for producing epoxy curing agents. Implementation of stringent government regulations in support of eco-friendly production processes could be another factor helping with the demand for natural polythiols. Among applications, sealants are projected to secure a substantial share of the global polythiols market due to their high demand in the packaging, construction, and automotive industries.
Among regions, Asia Pacific is forecast to account for a remarkable share of the global polythiols market. Rising requirement of epoxy curing agents to prepare compositions for various lightweight components manufactured in the transportation and automotive industries could strengthen the market growth of Asia Pacific. Demand for polythiols is predicted to increase in South Korea, Japan, and China as the semiconductor, automotive, and construction industries continue to grow. Development of smart cities in India and China could help Asia Pacific to show significant market growth.
Price optimization is one of the critical elements that contribute to business efficiency in the global polythiols market. It is a much needed strategy for polythiols manufacturers to strengthen the fundamental economics of their business. Pricing analysis could be extremely crucial to get the right worth for polythiols products in today’s global market. QYR Consulting has tons of experience and strong expertise in pricing analysis, especially for important markets such as polythiols. This report offers in-depth value-based pricing analysis, competitor-based pricing analysis, and cost plus pricing analysis.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.
Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.
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