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Allied Market Research

Thiourea Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

A06793
Pages: NA
Aug 2020 | 202 Views
 
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Thiourea Market Outlook - 2027

Thiourea, an organosulfur compound, is widely used in the production of vulcanization accelerators and flame-retardant resins. It exhibits the properties of auxiliary agent in light sensitivity photocopy paper, and it can be utilized to tone silver-gelatin photographic prints. Thiourea is produced from ammonium thiocyanate compound and reaction of hydrogen sulfide with calcium cyan-amide in the presence of CO2. Thiourea is a white crystalline solid in nature and soluble in water solvents.

The global thiourea market is segmented depending on various characteristics. On the basis of product type, the market is segregated into industrial grade and pharmaceutical grade products. By end-use industry, it is fragmented into metallurgy pesticides industry, textile paper industry, chemical industry, and others. 

Thiourea is used in the leaching process of gold and silver. It further exhibits catalyst functions and is used in the isomerization process. Moreover, refinement of copper is done with the help of thiourea. The thiourea market is expected to witness new prospects and has high potential in the engineering sector. The agricultural and chemical sectors are the major end users of thiourea. Region wise, the thiourea market is analyzed across Asia-Pacific, North America, Europe, and LAMEA. Ongoing research and developments activities of thiourea are likely to augment the growth of the global market.

Scope of the report

                                              Report Metric

                                                                                                                  Details

  Market Size Available for Years

  2019-2027

  Base year Considered

  2019

  Forecast Period

  2020-2027

  Forecast Units

  Value (USD) and Volume (Ton)

  Segments covered

  Product Type, Application, End-use Industry, and Region

  Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East & Africa

  Companies Covered

FLEXSYS, Sanshin Chemical, Guizhou Hongkai Chemical, Zhejiang Rayfull Chemicals Co., Ltd., SHIKOKU Chemicals, Prism Sulfur, SHELL, Kennecott, Environmental Protection Co., Ltd., and Shandong Efirm Biochemistry

 

COVID-19 scenario analysis

  • Significant decline in the demand for paper may negatively impact the growth for thiourea market in short term.
  • As working practices changed, companies are shifting toward digital processes from involving less application of paper and printing, which will further affect the market negatively.
  • In addition, extended lockdown may lead to complete shutdown of manufacturing plants for chemical and textile industries, thus reducing the market demand for thiourea.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:

Thiourea is a versatile reagent used in organic synthesis of chemical compounds. Its wide range of applications in various industries drives the demand for thiourea in the market. The industrial sectors such as agricultural, metallurgy, and pharmaceutical use thiourea in various applications, including production of flame retardant resins and vulcanization accelerators. Moreover, it is employed in the production of nanoparticles, as it is rich in sulfur sources. Thiourea is also known as the dry cleaning agent, and is used in light sensitivity photocopy papers. In addition, increase in the number of investments in metallurgy industries globally is one of the major driving factors of the thiourea market. However, high toxicity on prolonged exposure is a key factor hampering the growth of the global market. Furthermore, upon heating to decomposition, thiourea emits nitrogen oxides and the fumes are harmful to human health, thereby limiting its demand, globally.

Key segments covered

                                             Segment

                                                                                               Subsegment

  By Product Type

  • Industrial Grade
  • Pharmaceutical Grade
  • Other

  Application

  • Ore Leaching
  • Auxiliary agent
  • Isomerization Catalyst
  • Additive
  • Metal Refinement
  • Others

  By End-use Industry

  • Metallurgy Industry
  • Paper Industry
  • Chemical Industry
  • Others

  By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

Key market players

The major players operating in the global thiourea market are FLEXSYS, Sanshin Chemical, SHIKOKU Chemicals, Prism Sulfur, SHELL, and Kennecott. Expansions, acquisitions, partnerships, and new product developments are the key strategies adopted by market players to expand their business in potential markets. In addition, they have been focusing on strategies such as organic and inorganic growth developments, including contracts and investments.

Key benefits of the report

  • This study presents the analytical depiction of the global thiourea market along with the current trends and market estimation to determine the imminent investment pockets
  • The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the global thiourea acid market share
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the thiourea market growth scenario
  • The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years
  • This report helps users in comprehending the key product segments and their future

Questions answered in the global thiourea market research report:

  • Which are the leading players active in the global thiourea acid market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What should be the response of the thiourea market players amid the COVID-19 pandemic?
  • What are the projections for the future that would help in taking further strategic steps?
  • What is the outlook of the industry?
  • What are the emerging key segments in the thiourea market?
  • What are the major changes and assessments in thiourea market dynamics?
 
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