2-Mercaptoethanol Market: Introduction
2-Mercaptoethanol is also known as β-mercaptoethanol, 2-ME, or BME. 2-Mercaptoethanol is a hybrid of ethylene glycol and 1,2-ethanedithiol. It appears in the form of clear, colorless liquid with extremely strong foul odor. The foul odor is attributable to its diminished vapor pressure. 2-Mercaptoethanol is primarily employed to reduce disulfide bonds. 2-Mercaptoethanol is produced by the reaction of hydrogen sulfide with ethylene oxide. It acts as a biological antioxidant. It also acts as a good reducing agent, as it has tendency to quickly with oxidizers. 2-Mercaptoethanol is toxic in nature. It can cause irritation to the skin and the nasal passageways. Upon inhalation, it can cause vomiting and stomach pain. Severe exposure to 2-Mercaptoethanol may cause death.
Global 2-Mercaptoethanol Market: Segmentation
Based on application, the 2-mercaptoethanol market can be segmented into agrochemicals, water treatment, food industry, ink & dye additives, polymers & rubbers, PVC production, and others (including corrosion inhibitors, pharmaceuticals, etc.). The PVC production segment accounted for a major share of the 2-Mercaptoethanol market in 2017 and it is likely to continue its dominance during the forecast period. 2-Mercaptoethanol is used as a tin stabilizer during the PVC production. Increase in the demand for PVC products in various industries is a major factor that drives the PVC production segment of the 2-Mercaptoethanol market. 2-Mercaptoethanol is also largely used in polymer and rubber applications as reactants. During water treatment, 2-Mercaptoethanol is used as a cleaning agent and as a corrosion inhibitor for pipes. In ink & dye additives, 2-Mercaptoethanol serves as an ink carrier. In the food industry, 2-Mercaptoethanol is used as an indirect food additive that acts as a good flavoring agent.
Global 2-Mercaptoethanol Market: Region-wise Outlook
Based on region, the global 2-Mercaptoethanol market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a major share of the global 2-Mercaptoethanol market, in terms of volume and revenue, in 2017. It is likely to continue its dominance in the global 2-Mercaptoethanol market during the forecast period. The large number of industries such as agrochemicals, water treatment, polymers & rubbers, ink & dye additives, and PVC production, where 2-Mercaptoethanol is majorly used, is a major factor anticipated to drive the demand for 2-Mercaptoethanol market during the forecast period. China and India accounted for a major share of the 2-Mercaptoethanol market in Asia Pacific in 2017. China and India are major 2-Mercaptoethanol market in terms of volume and value .Asia Pacific was followed by Europe and North America in the 2-Mercaptoethanol market in 2017. The 2-Mercaptoethanol market in other regions such as Latin America and Middle East & Africa is expected to register a sluggish growth rate during the forecast period.
Global 2-Mercaptoethanol Market: Key Players
The 2-Mercaptoethanol market is highly consolidated, with a few companies holding a major share of the global market. Leading companies operating in the 2-Mercaptoethanol market are BASF SE, Chevron Philips Chemical, Shanghai Polymet Commodities Ltd., Hefei TNJ Chemical Industry Co., Ltd., VWR (a part of Avantor), and Guangdong Sunion Chemical & Plastic CO., LTD. A few small-scale companies have their manufacturing facilities in China, but their supply is not stable.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.