Methyl Mercaptan Market Size & Share, by Grade (Industrial, Pharmaceutical); Source (Natural, Synthetic); Synthesis (Hydrogen Sulphide-Methanol Vapour Phase, Sodium Sulphide-Dimethyl Sulphate, Thiourea-Dimethyl Sulphate); Application (Fungicides and Pesticides, Intermediate, Catalyst, Fuel Additives, Animal Nutrition); End-User (Chemical, Food, Feed, Mining) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5796
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Methyl Mercaptan Market size is expected to reach USD 4 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of methyl mercaptan was USD 2 Billion. The reason behind the growth is impelled by the growing demand for food across the globe. Food demand is predicted to increase significantly by 2050 owing to global population growth, economic expansion, and rising incomes in developing nations. For instance, it is estimated that the amount of food consumed will be more than 10,090 million tons in 2030 and over 14,880 million tons in 2050. 

The growing demand for methionine is believed to fuel the methyl mercaptan market growth. Methionine is frequently utilized in food, and feed to boost the growth and productivity of animals and enhance the nutrient value of food.


Methyl Mercaptan Market
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Methyl Mercaptan Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Consumption of Natural Gas - Mercaptan is an odorous gas that is mixed with natural gas serving as a deodorant in some areas where crude oil and coal tar are extracted. For instance, global natural gas consumption was estimated at around 3 trillion cubic meters in 2022.
  • Growing Usage in Disinfectant Products- With the chemical formula CH3SH, methanethiol, commonly referred to as methyl mercaptan, is an organosulfur compound that is occasionally employed as a component in disinfection solutions owing to its potent smell.
  • Increasing Need for Fuel Additives- Methyl mercaptan is also used as a chemical intermediate to produce jet fuel which is the third most important transportation fuel that is important to fuel performance.
  • Surging Production of Plastics- Methyl mercaptan is used to produce various plastics, and is also used in synthesizing polymers and other plastic materials.
  • Rising Paper and Pulp Industry- Methanethiol, also known as methyl mercaptan, is a colorless gas that is discharged from pulp mills as a byproduct of wood deterioration.
  • Use of Methyl Mercaptan in Laboratories- Hydrogen sulfide and methanol combine to form methyl mercaptan which is a reagent used in organosulfur chemistry experiments essential to the creation of novel chemicals and materials.
  • Expanding Pharmaceutical Industry- The pharmaceutical industries can employ mercaptans for some intermediate synthesis applications, which is also a necessary amino acid for constructing protein.

Challenges

  • Side Effects of Methyl Mercaptan on Environment and Health - High amounts or extended exposure can have negative effects, including irritated eyes, if ingested may cause esophageal, throat, and mouth discomfort nausea, and vomiting, and may change the way heme is made that might result in coma, lethargy, seizures, and even death. Methyl mercaptan can cause headaches, nausea, eye discomfort, and respiratory distress in large dosages, and can affect hepatic and renal function. Moreover, methyl mercaptan is a colorless, extremely combustible, poisonous gas with a pronounced, disagreeable smell which is extremely harmful and has long-lasting consequences on aquatic life.
  • Stringent regulations which may increase the complexity and overall cost of production
  • Supply chain disruptions caused by varying prices of raw materials are expected to impact the production cost

Methyl Mercaptan Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~6%

Base Year Market Size (2023)

~ USD 2 Billion

Forecast Year Market Size (2036)

~ USD 4 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Methyl Mercaptan Segmentation

Application (Fungicides and Pesticides, Intermediate, Catalyst, Fuel Additives, Animal Nutrition)

The fungicides and pesticides segment is predicted to account for 35% share of the global methyl mercaptan market by 2036. owing to the growing usage of pesticides. Pesticides are essential to agricultural output since they help manage a variety of pests and disease-carrying animals, including rats, mice, ticks, and mosquitoes, and manage illnesses, infestations of insects, and weeds. Around the world, pesticides are frequently used to promote plant growth and are also used to shield farmers from crop losses and decreased yields. Besides this, pesticides known as fungicides are used to restrict the growth of fungus or fungal spores to control fungal and fungal-like disorders, and play a part in keeping fruits, vegetables, and tubers safe during storage. This is expected to drive the demand for methyl mercaptan.

Methyl mercaptan is a gas that is used in the creation of pesticides, and the synthesis of fungicides, and insecticides. Methyl mercaptan is also used to make methionine a chemical that is used in animal feed, and is designed to be used in irrigation/chemigation lines (subterranean, surface drip, and micro irrigation systems) as a gopher repellant.

End-User (Chemical, Food, Feed, Mining)

The feed segment in the methyl mercaptan market is set to garner a notable share shortly. Methionine is primarily made from methyl mercaptan and is added to animal and poultry feed as a dietary supplement, and is an inherent component of several foods, such as cheeses and nuts, and is authorized for use as a food additive as well. In addition, available commercial chemical, methyl mercaptan has well-established uses in the mining sector and is employed in mining operations for communication as well.

Our in-depth analysis of the global methyl mercaptan market includes the following segments:

     Grade

  • Industrial
  •  Pharmaceutical

     Source

  • Natural
  • Synthetic

     Synthesis

  • Hydrogen Sulphide-Methanol Vapour Phase
  •  Sodium Sulphide-Dimethyl Sulphate
  •  Thiourea-Dimethyl Sulphate

     Application

  • Fungicides and Pesticides
  • Intermediate
  • Catalyst
  •  Fuel Additives
  •  Animal Nutrition

     End-User

  • Chemical
  •  Food
  • Feed
  • Mining

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Methyl Mercaptan Industry - Regional Synopsis

North American Market Forecast

The methyl mercaptan market in North America is predicted to account for the largest share of 45% by 2036 impelled by the growing production of natural gas. In the United States, natural gas consumption has increased in tandem with production owing to an increase in American industrial consumption. According to the U.S. Energy Information Administration, the major U.S. onshore regions that produce crude oil had a 9% increase in associated-dissolved natural gas (also known as associated natural gas) output in 2022, reaching 15.5 billion cubic feet per day (Bcf/d).

In addition, one of the major countries in the world producers of chemical products is the United States which caters to a growing international market in addition to a substantial home market. For instance, in 2022, the US chemical sector expanded its output volume by more than 4%.

APAC Market Statistics

The Asia Pacific methyl mercaptan market is estimated to be the second largest, during the forecast timeframe led by the growing agriculture industry. India's agriculture industry has experienced strong growth owing to the country's growing population and increased need for food and agricultural products. For instance, the agriculture sector in India developed at a rate of over 3% in 2023. Besides this, in India, pesticides are used on over 35% of the total farmed area to increase agricultural output feed the nation's expanding population, and lower crop loss. As a result, the demand for methyl mercaptan may significantly rise in the region.

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Methyl Mercaptan Market  size
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Companies Dominating the Methyl Mercaptan Market

top-features-companies
    • Arkema S.A.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Chevron Phillips Chemical Company LLC
    • DuPont
    • Evonik Industries
    • Chemieliva Co., Ltd
    • AN PharmaTech
    • Parchem
    • Kawasaki Engines
    • Boc Sciences
    • Toray Fine Chemicals Ltd.
    • Huntsman International
    • Jinade Xingfeng Chemicals Co. Ltd.

In-the-news

In The News

  • Evonik Industries announced the development of a methyl mercaptan plant as an intermediate in the production of MetAMINO, which is a significant step towards the ongoing execution of their global methionine asset strategy, and also paves the way for future, extremely effective debottlenecking in the coming years.
  • Kawasaki Engines announced the launch of KTECH 3-in-1 Fuel Treatment with KTECH oils, fuels, tune-up kits, and accessories to assist prevent detrimental deposits guard against performance problems caused by ethanol, and preserve 4-cycle and 2-cycle gasoline engines as well as their fuel systems.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5796
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for food across the globe and the growing demand for methionine are the major factors driving the growth of the market.

The market size of Methyl Mercaptan is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Chevron Phillips Chemical Company LLC, DuPont, Evonik Industries, Chemieliva Co., Ltd, AN PharmaTech, Parchem, Boc Sciences, Toray Fine Chemicals Ltd., and others.

The fungicides and pesticides segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Methyl Mercaptan Market Report Scope
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