New Method and Ingredient Likely to Boost the Global Ethyl Mercaptan Market

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Ethyl Mercaptan: Introduction

·         Ethyl mercaptan, also known as ethanethiol, is a compound with a distinct odor. It occurs naturally and may be added to odorless gaseous products such as liquefied petroleum gas (LPG) to help to receive the warning of gas leakage.

·         Ethyl mercaptan has a strongly disagreeable odor that humans can detect in minute concentrations. The threshold for human detection is as low as one part in 2.8 billion parts of air. Ethyl mercaptan is added to butane and propane to impart an easily noticeable smell to the normally odorless fuels.

·         Ethanethiol is prepared by the reaction of ethylene with hydrogen sulfide over a catalyst. Various producers of ethyl mercaptan use different catalysts in this process. It is also prepared commercially by the reaction of ethanol with hydrogen sulfide gas over an acidic solid catalyst such as alumina. Ethyl mercaptan is also used as a binder stabilizer. For instance, Chevron Phillips Chemical produces ethyl mercaptan for usage as an ink and dye additive. It is an effective solvent in digital image processing.

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Key Drivers and Restraints of Ethyl Mercaptan Market

·         Usage of ethyl mercaptan in various end-use industries is projected to boost the demand for ethyl mercaptan during the forecast period. It is used as an intermediate and starting material in the manufacture of plastic, insecticides, and antioxidants; and as an odorant to serve as a warning property for natural gas.

·         Its application as a warning agent is a major driver of the global ethyl mercaptan market. In the underground mining industry, ethanethiol or ethyl mercaptan is referred to as stench gas. The gas is released into mine ventilation systems to alert mine workers during an emergency.

·         Its toxicity is a key factor restraining the global ethyl mercaptan market. Ethyl mercaptan is a central nervous system stimulant and also a strong odor-causing chemical. Hence, overexposure to ethyl mercaptan should be prevented and its concentration should be carefully controlled.

Ethyl Mercaptan: Product Segment

·         Based on product, the ethyl mercaptan market can be segmented into ethanol (or ethylene) method, ethyl chloride method, anhydrous ethanol method, and others

·         Ethyl mercaptan is a colorless or yellowish liquid or a gas with a pungent, garlic, or skunk-like odor

·         The ethanol method segment is anticipated to expand at a significant pace during the forecast period owing to the usage of the method in the manufacture of fungicides, pharmaceuticals, and other chemicals across the globe

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COVID-19 Impact on Ethyl Mercaptan Market

·         On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.

·         Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic

·         Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the ethyl mercaptan market.

North America to Dominate Ethyl Mercaptan Market

·         In terms of region, the ethyl mercaptan market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         The global market has expanded significantly over the last two decades. This trend is estimated to continue during the forecast period. North America held dominant position in the market in 2020. This trend is estimated to continue during the forecast period owing to the vast presence of chemical manufacturers in the region such as Chevron Phillips Chemical, The DOW Chemical Company, ExxonMobil, and PPG Industries.

·         The market in Asia Pacific is expected to expand significantly during the forecast period, owing to growth of the agrochemicals industry in the region. According to the Federation of Indian Chambers of Commerce and Industry, India is the fourth-largest producer of agrochemicals globally, after the U.S., Japan, and China. Rise in demand for ethyl mercaptan in the agrochemical industry for usage in pesticides and insecticides is likely to boost the ethyl mercaptan market in Asia Pacific in the near future.

·         High demand for ethyl mercaptan in the pharmaceutical sector in Europe is driving the market in the region.

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