TMR Analyzes Impact of Outbreak of COVID-19 on Vinyl Sulfone Market
Global Vinyl Sulfone Market: Key Highlights
- 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.
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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.
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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.
Global Vinyl Sulfone Market: Research Scope
Vinyl Sulfone Market by Type
- Divinyl Sulfone
- Phenyl Vinyl Sulfone
- Methyl Vinyl Sulfone
- Vinyl Sulfone Ester
Vinyl Sulfone Market by Application
- Dyestuff Manufacturing
- Chemical Intermediate
- Proteomics
- Others
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