Thiochemical Market Revenue, Growth Size, DROT, Porter’s, PEST, Region & Country Revenue Analysis
Market Analysis Thiochemical Market is projected to be worth USD 2722.6 Million by 2030, registering a CAGR of 2.50% during the forecast period (2022 - 2030). Simply put, thiochemical is a group of chemicals where the oxygen molecule gets replaced by sulfur which is known as the Thio-compound. This form of a reaction where sulfur ion replaces the oxygen ion is performed through a process called thionation. The major compound being sulfur is utilized in thiochemical production such as the methyl mercaptan which serves as a precursor for amino acids that is used further in animal nutrition products. Besides, thiochemical compounds are used as anti-cocking agent, polymerization agents and also to detect gas leakage. Thiochemicals especially methyl mercaptan along with other mercaptans are used in oil and gas industry for gas leakage detection applications, cracking process and desulfurization. Not only this, it is also used in polymer and plastic industry and chemicals. There are many f