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NEW YORK, July 11, 2019 (GLOBE NEWSWIRE) -- The demand for Ethyl Mercaptan market is projected to reach 330.3 million USD by 2025, actuating at an estimated CAGR of 1.0% from 2019 to 2025. Ethyl mercaptan serves as an intermediate and starting material in the manufacturing of variety of products. Application in manufacturing of insecticides, antioxidants, plastics and others has led to the wider demand for ethyl mercaptan across various sectors of the industry. Ethyl mercaptan usage in the manufacturing of Phorate and Clethodim drives its demand in agrochemical synthesis and pesticides industry. Ethyl mercaptan as a binder stabilizer finds its application in ink and dye additive, and is an effective solvent in digital image processing. Moreover, ethyl mercaptan being a minor and a vital component is used as an gas odorant to odorize LPG and helps in detecting gas leaks.
The demand for ethyl mercaptan is expanding at very steady rate. The demand for ethyl mercaptan in Asia-Pacific economies is expected to increase in the next few years owing to high rate of industrialization in the region.
Key findings from the report:
• The global Ethyl Mercaptan market is expected to reach 330.3 million USD by 2025 at a CAGR of 1.0%
The report segments global Ethyl Mercaptan market on the basis of application, products, end-user and region.
Ethyl Mercaptan Market, By Application
AHCL Market, By Product
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Linear Alkyl Benzene (LAB) Market - The global linear alkyl benzene (LAB) market was valued at USD 8,410.3 million in 2017 and is expected to reach USD 11,650.5 million by 2024, witnessing a CAGR of 4.9% over the forecast period. The growth can be primarily attributed to the increasing demand for cleaning agents from household and industrial sectors. Rising hygiene concerns among the consumers, not only to remain healthy but also to keep their environment clean is further expected to drive the demand for over the forecast period.
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