Thiochemicals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Thiochemicals Market Demand and Growth Trends and is segmented by type (Mercaptan, Dimethyl Sulfoxide, Thioglycolic Acid and Ester, and Other types), end-user industry (Animal Nutrition, Oil and Gas, Polymers and Chemicals, and Other end-user industries), and geography (Asia-Pacific, North America, Europe, and Rest of the World). The market size and forecasts for Thiochemicals Market are provided in Volume (Kilotons) for all the above segments.

Thiochemicals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Thiochemicals Market Size

Thiochemicals Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Thiochemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Thiochemicals Market with other markets in Chemicals & Materials Industry

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Thiochemicals Market Analysis

The Thiochemicals Market is expected to register a CAGR of greater than 5% during the forecast period.

The COVID-19 pandemic had both short- and long-term effects on the market. The weakening oil and gas industry, as well as a brief halt in polymer and chemical activity owing to the pandemic lockdown, had a detrimental impact on thiochemicals market demand. However, demand for thiochemicals has expanded dramatically during the post-pandemic era and is expected to continue on the same path.

  • The rising use of thiochemicals in methionine production, which serves as a major nutrient for the poultry industry, is expected to drive market growth.
  • However, the high toxicity of thiochemicals, such as isopropyl mercaptan and tetrahydrothiophene, which are flammable and extremely toxic to aquatic fauna, is likely to hinder the growth of the market.
  • The increasing market penetration in African economies, like South Africa and Kenya, is expected to provide a substantial opportunity for the thiochemicals market in emerging economies.
  • The Asia-Pacific region dominated the market for thiochemicals and is forecast to be the largest market for thiochemicals during the forecast period as well.

Thiochemicals Industry Overview

The theochemicals market is highly consolidated in nature. The major players in the market include (in no particular order) Arkema, Daicel Corporation, Chevron Phillips Chemical Company LLC, Hebei Yanuo Bioscience Co., Ltd., and Toray Fine Chemicals Co., Ltd., among others.

Thiochemicals Market Leaders

  1. Daicel Corporation

  2. Chevron Phillips Chemical Company LLC

  3. Hebei Yanuo Bioscience Co., Ltd.

  4. Toray Fine Chemicals Co. Ltd.

  5. Arkema

  6. *Disclaimer: Major Players sorted in no particular order
Thiochemicals Market Concentration
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Thiochemicals Market News

  • Recent developments pertaining to the market studied will be covered in complete report.

Thiochemicals Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Use of Thiochemicals in Methionine Production
    • 4.1.2 Other Drivers
  • 4.2 Restraint
    • 4.2.1 High Toxicity of Thiochemicals
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Type
    • 5.1.1 Mercaptan
    • 5.1.1.1 Dimethyl Disulfide (DMDS)
    • 5.1.2 Dimethyl Sulfoxide (DMSO)
    • 5.1.3 Thioglycolic Acid and Ester
    • 5.1.4 Other Types
  • 5.2 End-user Industry
    • 5.2.1 Animal Nutrition
    • 5.2.2 Oil and Gas
    • 5.2.3 Polymers and Chemicals
    • 5.2.4 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Spain
    • 5.3.3.6 Rest of Europe
    • 5.3.4 Rest of the World

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Arkema
    • 6.4.2 Bruno Bock
    • 6.4.3 Chevron Phillips Chemical Company LLC
    • 6.4.4 Daicel Corporation
    • 6.4.5 Dr. Spiess Chemische Fabrik GmbH
    • 6.4.6 Hebei Yanuo Bioscience Co. Ltd.
    • 6.4.7 Merck KGaA
    • 6.4.8 Taizhou Sunny Chemical Co. Ltd.
    • 6.4.9 TCI Chemicals
    • 6.4.10 Toray Fine Chemicals Co. Ltd.
    • 6.4.11 Zhongke Fine Chemical Co. Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Penetration in African Economies, like South Africa and Kenya
**Subject to Availability
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Thiochemicals Industry Segmentation

Thiochemicals are a type of chemical in which the oxygen molecule is replaced by sulfur, resulting in the formation of a thiocompound. Thionation is a chemical process that occurs when sulfur ions replace oxygen ions. Sulfur is a significant molecule utilized in the manufacture of thiochemicals, primarily methyl mercaptan, which serves as a precursor for the amino acid used in animal feed products. The thiochemicals market is segmented by type, end-user industry, and geography. By type, the market is segmented into mercaptan, dimethyl sulfoxide, thioglycolic acid, ester, and others. By end-user industry, the market is segmented into animal nutrition, oil and gas, polymers and chemicals, and other end-user industries. The report also covers the market sizes and forecasts for the thiochemicals market in 12 countries across major regions. For each segment, market sizing and forecasts have been done based on volume (tons).

Type Mercaptan Dimethyl Disulfide (DMDS)
Dimethyl Sulfoxide (DMSO)
Thioglycolic Acid and Ester
Other Types
End-user Industry Animal Nutrition
Oil and Gas
Polymers and Chemicals
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Spain
Rest of Europe
Rest of the World
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Thiochemicals Market Research FAQs

What is the current Thiochemicals Market size?

The Thiochemicals Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Thiochemicals Market?

Daicel Corporation, Chevron Phillips Chemical Company LLC, Hebei Yanuo Bioscience Co., Ltd., Toray Fine Chemicals Co. Ltd. and Arkema are the major companies operating in the Thiochemicals Market.

Which is the fastest growing region in Thiochemicals Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Thiochemicals Market?

In 2025, the Asia-Pacific accounts for the largest market share in Thiochemicals Market.

What years does this Thiochemicals Market cover?

The report covers the Thiochemicals Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thiochemicals Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Thiochemicals Industry Report

Statistics for the 2025 Thiochemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thiochemicals analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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