The global vinyl sulfone market was valued at ~US$ 1.7 Mn in 2018, and is anticipated to expand at a CAGR of ~4% from 2019 to 2027.
In the Asia Pacific region, the increasing demand for textile dyes, and policies that mandate the use of environment-friendly and low VOC products, have led to innovation in the textile dyes industry. The textile industry majorly uses reactive dyes, and vinyl sulfone is popularly employed in the manufacturing of reactive dyes. Increasing demand for textiles is expected to surge the growth of the global vinyl sulfone market.
Key Drivers of Vinyl Sulfone Market
Vinyl sulfone is a cross-linker reagent used as a raw material for the manufacturing of reactive dyes having application mainly in textiles and leather. The global industry for reactive dyes is increasing due to expansion of the textile industry. In Asia Pacific, expansion of various industries, such as textiles, leather, paper, and wood, are the major drivers of the reactive dye industry.
Asia Pacific is major consumer of reactive dyes, globally, and India is a major player in the reactive dye industry. Increase in the demand from the textile industry in China, India, Taiwan, and South Korea, and rise in the consumption of dyes in Europe, are driving the reactive dye industry, in turn, propelling the global vinyl sulfone market.
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Cleaner Production Methods of Vinyl Sulfone to Offer Attractive Opportunities
Manufacturers are adopting cleaner production methods of vinyl sulfone, wherein, negligible amounts of hydrochloric acid are released as effluents. The hydrochloric acid released in the process is sent to the hydrochloric acid scrubbing system, which helps decrease the emission of hydrochloric acid into the atmosphere. In this process, the use of caustic in caustic scrubbers for the neutralization of hydrochloric acid helps in decreasing the quantity of the effluent.
Vinyl Sulfone – A Polluting Chemical
Mother liquor and washings after condensation contain glycols such as sodium sulfate and sodium chloride. In the manufacturing of vinyl sulfone, the liquid effluent generated is toxic, with high biochemical oxygen demand (BOD), chemical oxygen demand (COD), and total dissolved solids (TDS), which is difficult to biodegrade. Moreover, the solid waste generated is hazardous.
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In China, in July 2016, a nationwide campaign on environmental inspection was started. This inspection included the stricter implementation of waste disposal by chemical companies. The government launched nationwide inspections covering the transfer and disposal of waste, and those companies that are not able to meet the standards for waste disposal are not allowed to move into chemical parks.
Stringent environmental regulations resulted in adverse effects on the chemical industry in China, including factory closures. China is a major producer of vinyl sulfone.
Asia Pacific Dominates Global Vinyl Sulfone Market
Asia Pacific is projected to be a highly attractive market for vinyl sulfone during the forecast period. Asia Pacific constituted a dominant share of the global vinyl sulfone market in 2018. Increase in the demand for vinyl sulfone from the textile industry in China, India, Taiwan, and S
outh Korea has made Asia Pacific the largest consumer of dyestuff across the globe. Thus, rise in the demand for dyestuff in Asia Pacific is boosting the vinyl sulfone market in the region.
The dyestuff manufacturing application segment is expanding at a considerable rate in Europe, owing to innovative dying techniques and rise in the demand for dyestuff in the region. The Europe vinyl sulfone market is expected to expand at a CAGR of ~3% during the forecast period.
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Vinyl Sulfone Ester Type Held Major Share of Global Vinyl Sulfone Market
Vinyl sulfone ester is expected to be a highly attractive segment in the global vinyl sulfone market during the forecast period. The segment held a major share of the market in 2018.
Vinyl sulfone ester is largely used in the manufacturing of reactive dyes. The growing reactive dye industry in countries such as India, China, Indonesia, and Japan is driving the vinyl sulfone ester segment.
Various forms of vinyl sulfone ester are used for imparting different colors to dyes; for instance, ortho anisidine vinyl sulfone is used to impart colors such as yellow, red, and brown.
Dyestuff Manufacturing to be Highly Attractive Application in Global Vinyl Sulfone Market
Dyestuff manufacturing is expected to be a highly attractive segment, accounting for a leading share of the global vinyl sulfone market during the forecast period.
The growth of the textile industry is likely to fuel the consumption of dyestuff, globally, in the near future. Thus, rise in the consumption of dyestuff is anticipated to boost the global market for vinyl sulfone during the forecast period.
The dye and dye intermediate industry is expected to expand from 1.19 MMT in 2016 to ~1.5 MMT in 2021, at a CAGR of ~4%.
Top Three Players Accounted for Major Market Share in 2018
Prominent players operating in the global vinyl sulfone market include Kiri Industries Limited, Bodal Chemicals Ltd., Bhageria Industries Limited, AksharChemIndia, and Shree Pushkar Chemicals and Fertilizers Ltd.
On March 20, 2017, Bodal Chemicals Ltd. invested around US$ 580 Thousand to acquire approx. 70% stake in S P S Processors Pvt Ltd. S P S Processors Pvt Ltd’s manufacturing plant, which is located at Kosi (Uttar Pradesh, India), is a zero discharge unit, fully compliant with environmental regulations.
In 2016, Shree Pushkar Chemicals & Fertilizers Ltd. increased its production capacity of dye intermediates and expanded its business segment with the manufacturing of dyestuff.
In 2016, AksharChemIndia expanded its vinyl sulfone capacity to 7,800 TPA
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Sulfone Polymers market is segmented by region, by country, company, type, application and by sales channels.
Players, stakeholders, and other participants in the global Sulfone Polymers market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.Segment by Type, the Sulfone Polymers market is segmented into:PolysulfonePolyethersulfonePolyphenylsulfoneDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/56785/global-sulfone-polymers-2020-2026-685Segment by Application, the Sulfone Polymers market is segmented into:Electronics and ElectricalVehicle ConstructionFood IndustryMedical IndustryOtherRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Sulfone Polymers Market Share Analysis:Sulfone Polymers market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020.
Details included are company description, major business, Sulfone Polymers product introduction, recent developments, Sulfone Polymers sales by region, type, application and by sales channel.The major companies include:SolvayBasfSumitomoJiangmen YoujuShandong HoranYanjian TechnologySino Polymer Get the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/56785/global-sulfone-polymers-2020-2026-685CONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 9169162030Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
The report throws light on the market drivers, restraints, growth, trends, size, share and forecast within the period from 2020 to 2025.
Aside from this, the report also represents the market performance by providing a value chain analysis that would help to provide better product differentiation along with the analysis of each classification regarding opportunity, market attractiveness index and growth rate.
They are a class of thermoplastic polymers, which exhibits high temperature resistance.
Sulfone polymers are unique and different from the other thermoplastic materials due to its high hydrolytic stability and ability to achieve transparency.
Globally, the sulfone polymers market is mainly driven by growing demand for automotive industry and electronics industry.
According to this study, over the next five years the Sulfone Polymers market will register a 0.9% CAGR in terms of revenue, the global market size will reach US$ 310 million by 2024, from US$ 290 million in 2019.
In a recent business intelligence study, FactMR presents the nitty-gritty of the global 4,4-Dichlorodiphenyl Sulfone (DCDPS) market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe.
Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.The 4,4-Dichlorodiphenyl Sulfone (DCDPS) market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions.
The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Prominent players covered in this research are Aarti Industries Limited, Atul Limited, Banchem Intermediates, Hebei Xulong Chemical Co. Ltd., Jiujiang Zhongxing Medicine Chemical ltd., and many more.Led by India and China, global 4,4-Dichlorodiphenyl sulfone market is currently pegged at more than US$ 350 Mn and is projected to grow at a rate of just over 4% during the assessment period of 2019 to 2029.
4,4-Dichlorodiphenyl sulfone is primarily a business to business product, used as a monomer in production of sulfone polymers and Dapsone drug.
Thus, manufacturers of sulfone polymers and Dapsone will hold the proverbial key to success in the DCDPS market.
