Market Overview: Methyl Mercaptan Market
Methyl mercaptan, often known as methanethiol, is a colorless gas with an unpleasant odor similar to rotten cabbage. It is created by reacting methanol with hydrogen sulfide gas and has the chemical formula CH4S. Methyl mercaptan is a naturally occurring chemical that can be found in plant and animal tissues, as well as in human and animal bodies.
Methyl mercaptan (methanethiol), which is present in natural gas, crude oil, and some coal tar deposits, is a byproduct of the breakdown of organic materials. Pesticides, jet fuel additives, the plastics industry, and most importantly, as an intermediate in the synthesis of methionine, an amino acid that is a popular feed supplement in the poultry industry, all use methyl mercaptan (methanethiol). .
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The other uses of methyl mercaptan are as a fungicide and as a catalyst for various reactions. Methyl mercaptan is a flammable liquid that causes eye irritation, headaches, and nausea. Facility workers are well trained in the safe handling of the product.
The market demand for methyl mercaptan is growing due to its application in poultry and animal feed . The increasing demand for food for the growing population is the key factor for the global rise of the methyl mercaptan market. The other driver of growth in demand for methyl mercaptan is due to its versatile end-use applications, such as in the pesticide and fungicide industries, applications in mining operations for communication, jet fuel additives, etc.
Methyl mercaptan is a flammable and dangerous gas. Continuous exposure to it causes serious health risks. Some large companies had to shut down their manufacturing units due to severe damage to life caused on the premises. Many consumers prefer organically grown food supplies over those grown with synthetic additives causing market demand restrictions for methyl mercaptan.
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The global methyl mercaptan market is segmented on the basis of source, functionality, end-use industries, and region. Depending on the source, it is segmented as methyl mercaptan obtained from natural sources and by synthetic methods. The global methyl mercaptan market on the basis of functionality is segmented into fungicides and pesticides, intermediates, fuel additives, catalysts, and others (polymers, etc.).
Based on the application industries, the global market for methyl mercaptan is segmented into four categories, chemical, food (such as animal feed and poultry), mining industry, and others). The chemical applications segment is subdivided into agribusiness, petrochemical, polymer industry and others.
By regions, the global methyl mercaptan market is segmented into seven key regions which are North America (USA, Canada), Latin America (Mexico, Brazil), Western Europe (Germany, Italy, France, UK, Spain , Nordic countries, Belgium, Netherlands, Luxembourg), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia and New Zealand), Japan, Middle East and Africa (GCC, S. Africa, N Africa).
The global methyl mercaptan market is expected to show single-digit CAGR in the coming years. North America, being the leading market region for methyl mercaptan, is expected to show substantial growth in the future due to food demand and expected growth in different application industries.
Asia Pacific is the second fastest growing market for methyl mercaptan due to the high population and its 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. Middle Eastern countries are also expected to show growth in the methyl mercaptan market which has many oil and gas production facilities.
The key players in the production of methyl mercaptan face many obstacles due to the safety measures required for the manufacturing process. Growing market demand for poultry feed and emerging markets like Asia Pacific are some of the reasons why many key market players are expanding their manufacturing capabilities.
These key global players are also taking deliberate safety precautions to prevent potential hazards at manufacturing facilities. Global key players are Arkema (France), DuPont (USA), Chevron Phillips (USA), Wuji Zhongxian (China), Evonik Industries (Germany) and others.
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