What is Global Sodium Methanethiolate Market?
The Global Sodium Methanethiolate Market is a vast and dynamic sector that has been gaining significant attention in recent years. Sodium Methanethiolate, also known as sodium thiomethoxide, is a powerful nucleophile used in the production of various products. This compound is available in two forms: liquid and solid, and its market is spread across the globe. The market's value was estimated at US$ 202.1 million in 2023, and it is projected to reach US$ 261.4 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.7% from 2024 to 2030.
Liquid, Solid in the Global Sodium Methanethiolate Market:
The Global Sodium Methanethiolate Market is segmented based on its physical state into liquid and solid forms. The liquid form of Sodium Methanethiolate was the most preferred in 2019, accounting for 93.86% of all types of products. This preference can be attributed to its ease of use and versatility in various applications. On the other hand, the solid form of Sodium Methanethiolate also has its unique applications and contributes to the market share. The choice between liquid and solid forms depends on the specific requirements of the end-use application.
Agrochemical, Pharmaceuticals, Dyestuff in the Global Sodium Methanethiolate Market:
Sodium Methanethiolate has a wide range of applications, including in the agrochemical, pharmaceutical, and dyestuff industries. In the agrochemical industry, it is used as a pesticide and herbicide. In the pharmaceutical industry, it is used in the production of various drugs due to its nucleophilic properties. In the dyestuff industry, it is used in the production of dyes and pigments. These diverse applications contribute to the growth and expansion of the Global Sodium Methanethiolate Market.
Global Sodium Methanethiolate Market Outlook:
In terms of market outlook, the Global Sodium Methanethiolate Market has shown promising growth. In 2019, China was the largest producer of Sodium Methanethiolate, accounting for 55.3% of the market share, followed by India with 19.6%, the United States with 8.7%, and Europe with 7.1%. The market is dominated by Minyu Chemical, which holds a 9.37% revenue share, followed closely by Arkema with a 9.3% revenue share and TCI Chemicals with a 7.8% revenue share. These figures indicate a competitive and thriving market with room for growth and expansion.
| Report Metric | Details |
| Report Name | Sodium Methanethiolate Market |
| Accounted market size in 2023 | US$ 202.1 million |
| Forecasted market size in 2030 | US$ 261.4 million |
| CAGR | 3.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Minyu Chemical, Arkema, TCI Chemicals, Chevron Phillips Chemical Company, Nanjing Jingyun Chemical, Ningxia Unisplendour Tianhua Methionine, Heze Hongchang Biological Technology, Nanjing Xiezun Pharmaceutical Technology, Binzhou Baoxiang Chemical, Hairui Chemical, Anhui Jin‘ao Chemical, DEYI Chemical Industry, Wuhan Sinxinjiali Bio-tech, Zhengzhou Alfachem, Shanghai Sonyuan Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
