South America Methyl Mercaptan Market Report 2025

According to Cognitive Market Research, the global methyl mercaptan market size is USD 1.8 billion in 2023 and will enhance at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030. Key players in the methyl mercaptan market employ diverse strategies to maintain competitiveness. These include research and development initiatives to enhance product applications, strategic partnerships for efficient supply chain management, and compliance with evolving environmental regulations. Moreover, market leaders focus on expanding their global presence and investing in advanced technologies to meet growing demand. The adoption of innovative marketing and pricing strategies further contributes to sustaining market leadership and fostering growth in the methyl mercaptan industry.

• For instance, in January 2022, Arkema Group started offering hydrogen sulfide scavengers under the brand name 'Norust' to remove H2S in oil, gas, and water.

How did COVID–19 Impact the Methyl Mercaptan Market?

The COVID-19 pandemic has impacted the methyl mercaptan market by disrupting global supply chains and causing fluctuations in demand. Lockdowns and restrictions slowed industrial activities, affecting production and consumption. Additionally, shifts in consumer behaviour and economic uncertainties further influenced the market. The chemical industry faced challenges, but recovery efforts and adaptation to new market conditions are underway as industries resume operations and adapt to the post-pandemic landscape, contributing to the methyl mercaptan market's gradual stabilization and growth.

MARKET DYNAMICS: KEY DRIVERS

Rising Need For Animal Feed to Enhance Poultry Health to Provide Viable Market Output

The increasing demand for animal feed, particularly to improve poultry health, contributes to the growth of the methyl mercaptan market. Methyl mercaptan is crucial in producing methionine, an essential amino acid in poultry feed additives. Methionine enhances poultry's overall health and growth, addressing the rising need for high-quality feed in the poultry industry. This trend drives the demand for methyl mercaptan, a key component in synthesizing methionine used to fortify animal nutrition.

• For instance, According to the UK's Department for Environment, Food, and Rural Affairs, the price of poultry meat rose from £2.8 billion in 2019 to £2.8 billion in 2020, a 5.3% increase.

Growing Agro-Chemicals Industry to Propel Market Growth

The growing agro-chemicals industry significantly impacts the methyl mercaptan market, as it is a key component in pesticide production. With increasing global demand for efficient and high-yielding agricultural practices, the agro-chemicals sector drives the need for methyl mercaptan. This compound, vital in pesticide synthesis, is crucial in supporting crop protection measures, reflecting the interconnected growth between the expanding agro-chemicals industry and the demand for methyl mercaptan in agricultural applications.

• For instance, in July 2017, Arkema began a new project to double its methyl mercaptan production capacity. This company made this discovery to support the rapid expansion of the Asian animal feed, refining, and petrochemical industries and solidify its position as a leader in sulphur derivatives with a high added value.

MARKET DYNAMICS: KEY RESTRAINTS

Growing Environmental and Health Concerns to Restrict Market Growth

Growing environmental and health concerns are steering industries toward cleaner alternatives, impacting the methyl mercaptan market. Methyl mercaptan is recognized for its pungent odour and use in various applications, including agriculture and chemicals. However, its production and utilization face scrutiny due to associated environmental and health risks. As regulations tighten and demand for eco-friendly solutions rises, the market for methyl mercaptan may experience shifts, with industries seeking safer alternatives in response to the escalating focus on sustainability and human well-being.

How are Segments Performing in the Global Methyl Mercaptan Market?

Type Segment Analysis

According to Cognitive Market Research, the natural segment held the prominent share in the methyl mercaptan market over the projected period due to an increased demand for pesticides and chemicals, coupled with regulatory compliance in various industries, which drives the market growth. The oil and gas sector, as well as the broader industrial landscape, impacts methyl mercaptan demand. Supply chain dynamics, economic conditions, and emerging markets also play pivotal roles in shaping the market for natural methyl mercaptan.

Synthetic is the fastest-growing category over the projected period due to its extensive use in industrial processes, including producing chemicals like methionine and pesticides. Essential in the agricultural sector, it is a key component in certain pesticides. Additionally, its presence in natural gas and crude oil contributes to its demand in the oil and gas industry. Regulatory compliance, research and development, and global economic conditions further influence market expansion.

Synthesis Type Segment Analysis

According to Cognitive Market Research, sodium sulphide-dimethyl sulphate holds a prominent share due to the growth in agriculture, oil and gas exploration, and regulatory changes that influence market dynamics. Research and development, global economic conditions, and emerging markets also contribute to the evolution of these markets. Supply chain dynamics and technological advancements further shape the sodium sulphide, dimethyl sulphate, and methyl mercaptan markets.

Thiourea-dimethyl sulphate will be the fastest-growing category over the forecast period due to the growth of end-use industries, regulatory changes, and advancements in production technologies. Economic conditions and emerging markets also impact these markets. Supply chain dynamics and the need for efficient processes in sectors like agriculture and chemicals contribute to the overall demand for these compounds.

Functionality Segment Analysis

According to Cognitive Market Research, fuel additives hold a prominent share due to increasing demand for cleaner fuels and stringent environmental regulations. Methyl mercaptan, a key component in fuel additives, contributes to improved combustion efficiency and reduced emissions. Rising concerns about air quality and a growing emphasis on sustainable energy solutions propel the demand for fuel additives containing methyl mercaptan.

Fungicides and pesticides will be the fastest-growing category over the forecast period due to the rising global demand for effective crop protection solutions and the continuous expansion of agricultural activities, which contribute to the growth of this market. Additionally, regulatory support, advancements in research and development, and emerging markets further drive the demand for methyl mercaptan.

Application Segment Analysis

According to Cognitive Market Research, fuel additives hold a prominent share due to regulatory changes, economic conditions, technological advancements, and emerging markets contributing to market fluctuations. Understanding these drivers is crucial for stakeholders to navigate the methyl mercaptan market effectively and respond to evolving industry dynamics.

Food is the fastest-growing category over the forecast period as the food sector continues to evolve with changing consumer preferences and demand for novel tastes; the market for methyl mercaptan experiences growth, driven by its essential role in enhancing and diversifying flavour profiles in various food products.

Which Region Dominates the Market in 2023, and Which Region is Expanding at the Fastest CAGR?

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 36% of the global revenue, owing to the region’s increasing industrial applications, particularly in the production of chemicals and pesticides. The region's growing demand for these products and expanding agricultural and industrial sectors fuel the need for methyl mercaptan. Additionally, regulatory changes, economic growth, and technological advancements contribute to the market's dynamics. The strategic geographical positioning of the Asia Pacific region further enhances its role in the global methyl mercaptan market.

North America is the fastest-growing category due to the region's rising demand for pesticide production in the agricultural sector, increased applications in industrial processes like chemical manufacturing, and the dynamic oil and gas industry, where it is naturally present. Additionally, adherence to evolving environmental regulations, ongoing research and development initiatives, and the overall economic conditions in the region contribute to shaping the market trends for methyl mercaptan.

COMPETITIVE LANDSCAPE: METHYL MERCAPTAN MARKET

The major players rapidly develop new strategies to attain a competitive edge and capture a significant market share. The major methyl mercaptan market participants emphasize expanding their creative offerings to serve a large consumer base and gain a competitive advantage.

• May 2017: Chevron Phillips Chemical Company LLC, a manufacturer and supplier of olefins and polyolefins aromatics, alpha olefins, speciality chemicals, etc., announced the completion of debottlenecking its production plant for tetrahydrothiophene and ethyl mercaptan in Tessenderlo, Belgium to ensure the long-term supply of ethyl mercaptan to its customers. This increased the production capacity of both chemicals by 65%.

Some Prominent Participants in the Global Methyl Mercaptan Market Include:

• Arkema SA
• Chevron Phillips Chemical Company
• Evonik Industries AG
• INEOS Group
• Chevron Corporation
• Eastman Chemical Company
• DuPont de Nemours, Inc.
• TORAY Industries, Inc.
• Shandong Depu Chemical Industry Science and Technology Co., Ltd.
• Merck KGaA

Market Summary:

• The global methyl mercaptan market will expand significantly by 5.80% CAGR between 2023 and 2030.
• The demand for methyl mercaptan is rising due to the growing agro-chemicals industry.
• Demand for naural remains higher in the methyl mercaptan market.
• The feed category held the highest methyl mercaptan market revenue share in 2023.
• Asia Pacific will continue to lead, whereas the North American methyl mercaptan market will experience the most substantial growth until 2030.

SEGMENTATION: Methyl Mercaptan Market

Sources Outlook:

• Natural
• Synthetic

Functionality Outlook:

• Fungicides and Pesticides 
• Intermediates 
• Fuel Additives 
• Catalysts 
• Others

Synthesis Type Outlook:

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

Application Outlook:

• Chemical 
• Food 
• Feed 
• Mining Industry 
• Others

Regional Outlook:

• North America
  • The US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Frequently asked questions regarding the global methyl mercaptan market.

1. What is the market size for the methyl mercaptan market in 2023?

Answer- The global market size for methyl mercaptan in 2023 was 1.8 USD billion.

2. What is the growth rate for the methyl mercaptan market over the forecast period?

Answer- The global methyl mercaptan market is predicted to extend with a CAGR of 5.80% over the projected period.

3. Which is the leading region of the market for methyl mercaptan?

Answer- Asia Pacific held a significant global methyl mercaptan market revenue share in 2023.

4. Which region is projected to detect the fastest growth in the methyl mercaptan market over the forecast period?

Answer- North America will witness the fastest growth of the global methyl mercaptan market over the coming years.

5. Which country is leading in the methyl mercaptan market in 2023?

Answer- India had the most significant global methyl mercaptan market revenue share in 2023.

6. What are the key drivers for the growth of the methyl mercaptan market?

Answer- The main drivers of the growth of the methyl mercaptan market are rising need for animal feed to enhance poultry health, and growing agro-chemicals industry.

7. Which is the significant methyl mercaptan market segment by sources?

Answer- The natural segment had the largest share in the global methyl mercaptan market by sources.

8. Which is the significant segment in the methyl mercaptan market by application?

Answer- In 2023, the feed segment had a substantial revenue percentage in the global methyl mercaptan market in terms of application