Vinyl Sulfone Global Market Report 2024

“Vinyl Sulfone Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on vinyl sulfone market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for vinyl sulfone? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The vinyl sulfone market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Divinyl Sulfone; Phenyl Vinyl Sulfone; Methyl Vinyl Sulfone; Vinyl Sulfone Ester
• 2) By Application: Dyestuff Manufacturing; Chemical Intermediate; Proteomics; Other Applications
• Companies Mentioned: Bodal Chemicals Ltd.; Kiri Industries Limited; Shree Pushkar Chemicals and Fertilizers Ltd.; Bhageria Industries Limited; AksharChemIndia
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Vinyl sulfone is a chemical compound characterized by a vinyl group linked with an electrophilic sulfone group, primarily utilized as a fundamental component in the production of reactive dyes.

Key types of vinyl sulfone encompass divinyl sulfone, phenyl vinyl sulfone, methyl vinyl sulfone, and vinyl sulfone ester. Divinyl sulfone, for example, features two vinyl substituents within the sulfone compound. It finds application as a cross-linking agent in agarose gel electrophoresis. These compounds are used across various applications, including dyestuff manufacturing, serving as a chemical intermediate, enabling research in proteomics, and other industrial applications.

The vinyl sulfone market research report is one of a series of new reports from The Business Research Company that provides, vinyl sulfone market statistics, including, clock buffer industry global market size, regional shares, competitors with a vinyl sulfone market share, detailed, vinyl sulfone market segments, market trends and opportunities, and any further data you may need to thrive in the clock buffer industry. This vinyl sulfone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The vinyl sulfone market size has grown steadily in recent years. It will grow from $1.8 billion in 2023 to $1.87 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be credited to several factors including increased focus on research and development, the rise of specialty chemicals, expansion within chemical industries, advancements in reactive chemistry, and the adoption of these compounds within the textile industry.

The vinyl sulfone market size is expected to see steady growth in the next few years. It will grow to $2.27 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth in the forecast period is expected to stem from heightened demand for reactive dyes, expanded applications in pharmaceuticals, increased use in water treatment, market penetration into emerging economies, and a dedicated focus on sustainable chemistry. Noteworthy trends projected in this period involve a shift towards sustainable chemicals, a surge in the textile and leather industries, technological advancements in polymerization, rising demand from the healthcare sector, and market expansion efforts in developing regions.

The surge in demand for textile products is propelling the vinyl sulfone market. Textile products, comprising raw and semi-finished goods crafted from fibers such as nylon, silk, and cotton, witness the substantial use of vinyl sulfone as a vital component of reactive dyes for textile coloring. Notably, the National Council of Textile Organizations (NCTO) reported that the estimated value of U.S. shipments in the man-made fiber, textile, and apparel sector reached $65.8 billion in 2022, reflecting an increase from the $64.04 billion recorded in 2021. U.S. exports in textiles and apparel to the Western Hemisphere experienced a noteworthy rise of 14.9%, reaching a total of $18 billion in 2022. Consequently, the escalating demand for textile products is driving the advancement of the vinyl sulfone market, as of May 2023.

The forthcoming expansion of the chemical industry is poised to elevate the growth trajectory of the vinyl sulfone market. The chemical industry, encompassing the production, processing, and distribution of chemicals and chemical products, relies on vinyl sulfone as a crucial intermediate for synthesizing pharmaceuticals and specialty chemicals. According to a June 2022 report by the American Chemistry Council (ACC), a U.S.-based trade association, the production of basic chemicals is anticipated to grow by 4.3%. Notably, significant increases are expected in bulk petrochemicals and organics (4.6%), plastic resins (4.4%), and inorganic chemicals (4.4%). Furthermore, the output of specialty chemicals is projected to experience a substantial growth of 6.2% in 2022, driven by robust demand and restocking. Consequently, the expansion of the chemical industry emerges as a key driver for the growth of the vinyl sulfone market.

Product innovations stand out as a prominent trend gaining traction. Key market players are actively introducing innovative products to fortify their market positions, exemplified by major companies unveiling groundbreaking offerings such as the AVITERA SE reactive dye. A noteworthy instance is Huntsman, a U.S.-based chemical product manufacturer, which, in March 2022, launched the 3rd generation AVITERA SE sustainable reactive dye range. Leveraging vinyl sulfone as a key component, this dye not only streamlines the dyeing and washing-off cycle but also presents a remarkable up to 50% reduction in water and electricity consumption. Furthermore, it boasts enhanced right-first-time performance and commendable compatibility, illustrating the industry's commitment to cutting-edge product development.

Prominent entities in the vinyl sulfone market are strategically investing in initiatives such as the expansion of manufacturing facilities to cater to increasing demand and broaden their customer base. The expansion of manufacturing facilities involves augmenting both physical capacity and production capabilities to meet the dual objectives of accommodating growing demand and improving operational efficiency. A case in point is MilliporeSigma, the U.S.-based life sciences subsidiary of the Merck Group. In September 2022, the company announced a strategic investment of 130 million euros ($132 million) to bolster its manufacturing capabilities. This investment, centered at the facility in Molsheim, France, primarily focuses on the implementation of single-use assemblies, with plans for a new 37,000-square-foot clean room. Full production is anticipated later in the decade, and additional milestones include the completion of a logistics warehouse and administrative building by the end of 2024. This strategic investment underscores the industry's commitment to sustainable growth and meeting evolving market demands.

In November 2021, Bhageria Industries, a prominent India-based manufacturer of dyes and dye-intermediates, successfully acquired a 51% stake in Bhageria & Jajodia Pharmaceuticals. The financial details of the transaction remain undisclosed. This strategic acquisition is anticipated to play a pivotal role in augmenting Bhageria Industries' product portfolio, thereby enabling the company to provide enhanced offerings to its customer base. Bhageria & Jajodia Pharmaceuticals, based in India, specializes in the production of vinyl sulfone intermediates, particularly for applications in the pharmaceutical sector. The move reflects Bhageria Industries' commitment to strategic expansion and diversification within its industry, aiming to strengthen its competitive position and better meet the evolving needs of the market.

Major companies operating in the vinyl sulfone market report are Bodal Chemicals Ltd., Kiri Industries Limited, Shree Pushkar Chemicals and Fertilizers Ltd., Bhageria Industries Limited, AksharChemIndia, Atul Ltd., Ambuja Intermediates Pvt. Ltd., Mayur Dye-chem Intermediates LLP, Sigma Aldrich Inc., SulphonChem Industries Pvt. Ltd., VDC Group, Matangi Industries LLP, EMCO Dyestuff Pvt Ltd., Techno Color Corporation, Kolorjet Chemicals Pvt Ltd., Hangzhou Dayangchem Co. Ltd., Haihang Industry Co. Ltd., Hubei Jusheng Technology Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Jiaxing Sunlong Industrial & Trading Co. Ltd., Shanghai Worldyang Chemical Co. Ltd., Xiamen Hisunny Chemical Co. Ltd., Zhejiang J&C Biological Technology Co. Ltd., AkzoNobel N.V., BASF SE, Changzhou Huimei Chemical Co. Ltd., Chemtura Corporation, Clariant AG, Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, FMC Corporation .

Asia-Pacific was the largest region in the vinyl sulfone market in 2023. The regions covered in the vinyl sulfone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the vinyl sulfone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The vinyl sulfone market consists of sales of vinyl sulphone reactive dyes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.