ETHYL MERCAPTAN MARKET ANALYSIS

Regional Analysis

Market Trends

According to the global ethyl mercaptan market analysis, North America held a dominant position in the market in 2017. Owing to higher presence of chemical manufacturers in the region such as Chevron Phillips Chemical, The DOW Chemical Company, ExxonMobil, PPG Industries, the region is projected to maintain its dominance throughout the forecast period.

Among applications, the warning agent segment is projected to gain major traction over the forecast period, owing to high demand for ethyl mercaptan in the chemical and petrochemical industry.

Asia Pacific is expected to witness significant growth of the forecast period, owing to growing agrochemicals industry in the region. According to Federation of Indian Chambers of Commerce and Industry, India is the fourth-largest producer of agrochemicals globally, after the U.S., Japan, and China. Agrochemical product development includes a broad range of processes, which are aimed at developing a better product and possible commercialization. Rising demand for ethyl mercaptan in the agrochemical industry for use in pesticides and insecticides is expected to boost growth of the ethyl mercaptan market. In the pesticide industry, ethyl mercaptan or ethanethiol is widely used as an intermediate for pesticide manufacturing. For instance, according to the Development of National Emission Standards for Pesticides Manufacturing, ethyl mercaptan is used in the production of phorate, which is an organophosphate used as an insecticide and acaricide. It is also used as an intermediate for pharmaceutical synthesis of organophosphorus insecticides such as acesulfame, isopropoxide, endogenous phosphorus, methyl endophos, and herbicides.