Industry Background:
Mercaptobenzothiazole is of two category sodium 2 – mercaptobenzothiazole and zinc 2 – mercaptobenzothiazole. It is used in rubber, chemical, mining industries in various forms such as crystal, powder, and liquid. It is for controlling mold, bacteria, fungi causing aqueous industrial products. In the rubber industry, it vulcanizes with less sulfur and at milder temperatures.This growth is primarily driven by Growing Demand for Controlling Industrial Fungi and Bacteria Involved in Degrading the Quality of Products and Rising Demand for the Industrial Aqueous Products.
Globally, a noticeable market trend is evident Emerging Number of Residential Application of Mercaptobenzothiazole. Major Vendors, such as Lanxess AG (Germany), Chemson Industrial(Shanghai)Co.Ltd. (China), Chemwill Asia Co. (China), Dalian Richfortune Chemicals Co., Ltd (China), Henan Chemical Co. Ltd. (China), Eastman Chemical Company (United States), Arkema S.A. (France), Agrofert (Czech Republic), Kemai Chemical Co.,Ltd. (China) and Sumitomo Chemical Co., Ltd. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 14th February 2021, LANXESS signs a contract to acquire Emerald Kalama Chemical. Acquisition with sales of USD 425 million and EBITDA of USD 90 million to strengthen Consumer Protection segment, the Enterprise value of USD 1.075 billion, and High-margin new application fields in the food industry and animal health. Rapid integration is expected by this acquisition.
Regulatory Insights:
"The U. S. Environmental Protection Agency (referred to as "the Agency") has completed an assessment of the potential human health and environmental risks associated with the pesticide uses of the sodium and zinc salts 2-mercaptobenzothiazole. The Agency has and determined that pesticide products containing either of these chemicals as active ingredients, labeled and used as specified in this Reregistration Eligibility Decision Document (RED) will not cause unreasonable risk to humans or the environment. Therefore, the Agency has concluded that products containing the sodium and zinc salts of 2-mercaptobenzothiazole are eligible for reregistration."
Market Drivers
- Growing Demand for Controlling Industrial Fungi and Bacteria Involved in Degrading the Quality of Products
- Rising Demand for the Industrial Aqueous Products
Market Trend
- Emerging Number of Residential Application of Mercaptobenzothiazole
Restraints
- Health Related Potential Risks Associated with Mercaptobenzothiazole
Opportunities
Continuous Research and Development in the Mercaptobenzothiazole and Surging Water System Facility will Boost the Mercaptobenzothiazole Market
Challenges
Regulatory Guidelines and Standards Associated with Usage of Mercaptobenzothiazole
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mercaptobenzothiazole Study Sheds Light on
— The Mercaptobenzothiazole Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Mercaptobenzothiazole industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Mercaptobenzothiazole industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.