Mercaptan Market Size To Exceed Usd 2,693.57 Million By 2030 Witnessing A Cagr Of 5.35%
February 16, 2023 ⚊ 1 Min read ⚊ Views 50 ⚊ BUSINESS
The mercaptan industry is a global market for the production and distribution of mercaptan chemicals. Mercaptans are sulfur-containing compounds with a strong odor, which are used in a variety of industries, including pharmaceuticals, oil and gas, and food and beverage. Mercaptans are also used in the manufacture of rubber, plastics, and textiles.
The mercaptan industry is an important part of the chemical industry, which is estimated to be worth over $5 trillion globally. The global mercaptan industry is estimated to be worth around $8 billion, with the largest markets being in Europe and the United States. The market is highly competitive, with a number of large multinational companies dominating the industry.
The main source of mercaptans is petroleum refineries, where they are produced as a by-product of the refining process.
