The methylene bis (butylthioglycolate) market is driven by factors such as the increasing use of rubber and plastic products, the growing pharmaceutical industry, and the rising demand for personal care products. The market is also driven by the increasing popularity of organic cosmetics and the growing awareness of the benefits of using natural ingredients in cosmetics.
The need for the market is driven by the rising demand for methylene bis (butylthioglycolate) from various end-use industries. Methylene bis (butylthioglycolate) is a chemical compound that is used as a crosslinking agent, plasticizer, and solvent in various applications. It is extensively used in the rubber industry for the manufacture of tires, hoses, and gaskets. In the plastics industry, it is used in the production of PVC pipes and fittings, vinyl flooring, and coatings.
The market for methylene bis (butylthioglycolate) is projected to grow at a CAGR of 5.4% from 2020 to 2025. The increase in the demand for rubber and plastic from the automotive and construction industries is expected to drive the growth of the methylene bis (butylthioglycolate) market.
Methylene bis (butylthioglycolate) is a colorless liquid with a pungent odor. It is used as a cross-linking agent in vulcanized rubber, which imparts improved strength and heat resistance to the rubber. Methylene bis (butylthioglycolate) is also used as an intermediate in the production of plasticizers, resins, adhesives, and coatings.
Methylene Bis (Butylthioglycolate) is a chemical compound with the molecular formula C11H20N2O4S. It is a colorless liquid with a characteristic odor. It is insoluble in water, but soluble in organic solvents. Methylene Bis (Butylthioglycolate) is used as a vulcanizing agent for rubber and as an additive for plastic and pharmaceuticals. It is also used in the manufacture of adhesives, sealants, and coatings.
The global methylene bis (butylthioglycolate) market is estimated to be valued at US$ 6.93 Billion in 2021 and is projected to reach US$ 9.88 Billion by 2031, at a CAGR of 5.2%.
Methylene bis (butylthioglycolate) is used as an accelerator for vulcanization of rubber and as a plasticizer for vinyl chloride polymers. It is also used in the manufacture of adhesives, sealants, and coatings.
There are several restraining factors that are currently impacting the methylene bis (butylthioglycolate) market. The prices of synthetic rubber and plastic have been on the rise in recent years, which has put pressure on the margins of manufacturers who use these materials as feedstock for their products. In addition, environmental regulations related to the production and use of methylene bis (butylthioglycolate) are becoming more stringent, which is another cost consideration for market participants. However, the increasing demand will boost the market during forecast period.
The key players of the methylene bis (butylthioglycolate) market are Dow Chemical Company, ExxonMobil Corporation, Huntsman International LLC., SABIC, and BASF SE. These companies are expected to continue their dominance in the global market owing to their strong foothold in the regional markets and their vast product portfolios.
The linear friction welding Segment to be on top of the market
We expect the linear friction welding segment to grow at the highest CAGR during the forecast period. This is owing to the growing demand for this type of friction welding from various end-use industries, such as automotive and aerospace. The automotive industry is a major consumer of linear friction welding, as it is used for joining various components in automobiles, such as engine blocks and chassis. The aerospace industry uses this type of friction welding for joining components made of titanium and aluminum alloys.
The Industrial Grade segment to hold the most market share
The industrial grade segment is expected to be the largest contributor to the market growth during the forecast period. The segment is driven by the growing demand for methylene bis (butylthioglycolate) from the rubber industry.
Asia Pacific to dominate the market
The Asia-Pacific region is expected to witness the highest growth in the methylene bis (butylthioglycolate) market due to the growing demand from the rubber and plastic industries in countries such as China, India, and Japan. The Asia-Pacific region is also expected to witness significant growth in the pharmaceutical industry, which is another major application of methylene bis (butylthioglycolate).
Covid-19 Impact & Market Status
The COVID-19 pandemic has had a significant impact on the methylene bis (butylthioglycolate) market. The outbreak of COVID-19 has led to a decrease in demand for methylene bis (butylthioglycolate) as industries such as rubber, plastic, and pharmaceuticals have been severely affected.
Latest Innovations in the Global Methylene Bis (Butylthioglycolate) Market: A Snapshot
Genencor’s Optifect line of enzymes is used for optimizing protein digestion and improving amino acid absorption by animals. This is one of the major factors driving the growth of this market.
Methylene Bis Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||US$ 9.88 Billion|
|Growth Rate||CAGR of 5.2% during 2021-2031|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Dow Chemical Company, ExxonMobil Corporation, Huntsman International LLC., SABIC, and BASF SE|
Key Segment of Global Methylene Bis (Butylthioglycolate) Market
By Type Overview 2021-2031, (US$ Billion)
• Industrial Grade
• Pharmaceutical Grade
By Application Overview 2021-2031, (US$ Billion)
By Region Overview 2021-2031, (US$ Billion)
• Rest of Asia Pacific
• Rest of North America
• Rest of Europe
Middle East and Africa