(MENAFN- GlobeNewsWire - Nasdaq) The global vinyl sulfone market is expected to reach US$ 2.9 billion by 2030, with an annual growth rate of more than 4.0%.Wilmington, Delaware, Nov. 17, 2023 (GLOBE NEWSWIRE) -- According to RationalStat 's most recent industry analysis, the Global Vinyl Sulfone Market value is estimated at US$ 2.2 billion in 2023 and is expected to rise at a strong CAGR of over 4.0% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Vinyl sulfone is a functional group in organic chemistry, characterized by a vinyl (C=C) double bond attached to a sulfone group (SO2). The sulfone group consists of a sulfur atom doubly bonded to two oxygen atoms. The general structure can be represented as R-CH=CH-SO2, where R is a substituent group. The presence of the vinyl sulfone functional group makes the compound reactive, particularly in Michael addition reactions. Michael additions involve the addition of a nucleophile to the carbon-carbon double bond, and vinyl sulfones are known for their ability to undergo such reactions with various nucleophiles.
Applications in a variety of industries, as well as demand from industries such as pharmaceuticals, polymers, and specialty chemicals. Furthermore, regulatory issues, environmental concerns, and technology improvements are propelling market expansion.
According to a deep-dive market assessment by RationalStat, the global Vinyl Sulfone market has been analyzed on the basis of market segments, including type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific) . The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the global Vinyl Sulfone market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc. In addition, the long-term sector and products/services 10-year outlook and its implications on the global Vinyl Sulfone market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Vinyl Sulfone Market: Segmental and Market Share Analysis
On the basis of application, dyestuff manufacturing segment held a major share nearly 56% of the global market in 2022 in terms of value and volume.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 2.2 billion |
| Market Size Forecast | US$ 2.9 billion |
| Growth Rate | 4.0% |
| Dominant Segment | Dyestuff manufacturing |
| Dominant Region | Asia Pacific |
| Key Market Drivers | Rising demand from textile industry Increasing usage in pharmaceutical industry |
| Companies Profiled | Bodal Chemicals Kiri Industries Shree Pushkar Chemicals Bhageria Group Akshar Chem Group Atul Ltd. Hangzhou Trylead Chemical Technology Ambuja Intermediates Pvt Ltd. Betanzam Chemicals Private Limited |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the global Vinyl Sulfone market growth include Bodal Chemicals, Kiri Industries, Shree Pushkar Chemicals, Bhageria Group, Akshar Chem Group, Atul Ltd., Hangzhou Trylead Chemical Technology, Ambuja Intermediates Pvt Ltd., and Betanzam Chemicals Private Limited, among others.
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RationalStat has segmented the global Vinyl Sulfone market based on type, application and region
Global Vinyl Sulfone Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type Di-Vinyl Sulfone Phenyl Vinyl Sulfone Vinyl Sulfonate Easter Others
Global Vinyl Sulfone Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application Dyestuff Manufacturing Intermediate in Chemical Industry Proteomics Others
Global Vinyl Sulfone Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region North America Vinyl Sulfone Market Value (US$ Million), Volume (Tons), and Market Share (2019-2028) Analysis by Country Latin America Vinyl Sulfone Market Value (US$ Million), Volume (Tons), and Market Share (2019-2028) Analysis by Country Brazil Mexico Rest of Latin America
Western Europe Vinyl Sulfone Market Value (US$ Million), Volume (Tons), and Market Share (2019-2028) Analysis by Country Germany UK France Spain Italy Benelux Nordic Rest of Western Europe
Eastern Europe Vinyl Sulfone Market Value (US$ Million), Volume (Tons), and Market Share (2019-2028) Analysis by Country Russia Poland Hungary Other CIS Countries Rest of Eastern Europe
Asia Pacific Vinyl Sulfone Market Value (US$ Million), Volume (Tons), and Market Share (2019-2028) Analysis by Country China Japan India South Korea Australia ASEAN Indonesia Thailand Philippines Vietnam Malaysia Rest of ASEAN
Rest of Asia Pacific
Middle East & Africa Vinyl Sulfone Market Value (US$ Million), Volume (Tons), and Market Share (2019-2028) Analysis by Country GCC Saudi Arabia (KSA) United Arab Emirates (UAE) Rest of the GCC
South Africa Nigeria Turkey Rest of the Middle East & Africa
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Key Questions Answered in the Vinyl Sulfone Report:
What will be the market value of the global Vinyl Sulfone market by 2030? What is the market size of the global Vinyl Sulfone market? What are the market drivers of the global Vinyl Sulfone market? What are the key trends in the global Vinyl Sulfone market? Which is the leading region in the global Vinyl Sulfone market? What are the major companies operating in the global Vinyl Sulfone market? What are the market shares by key segments in the global Vinyl Sulfone market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
Defining the problem by understanding the type of market and data required by the client. Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews. Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance. Evaluating and analyzing the data by referring to data sources utilized and leveraged. Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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