Global Thiourea Market Outlook 2017-2022

Global thiourea market is estimated to expand at a substantial CAGR of over 5.12% by 2022 as the scope, product types, and its applications are increasing across the globe. Thiourea also called as “Thiocarbamide”. It is a reagent in organic synthesis and finds application in the pharmaceutical, agricultural, and food segments. The thiourea is soluble in water and insoluble in non-polar solvents and is a white crystalline solid in nature. 

The factors that propel the growth of the market include increasing demand from the mining industry, increasing application of thiourea in agricultural and pharmaceutical industry, increasing demand for gold and silver, and extensive range of applications. On the other hand, there are a factor that may hamper the growth of the market including toxic in nature. 

Thiourea market may be explored by application and geography. Market could be explored based on the application as Auxiliary agent (diazo paper), Ore leaching (silver & gold), Additive (slurry explosives), Isomerization catalyst, metal cleaning, Metal refinement (copper) and others (fertilizer). 

Thiourea market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. Asia-Pacific accounted for the major share of the market in 2016 and will continue to lead in the forecast period. The key factors that may attributed to the growth of market includes strong government focus in growing efficiency of crops and increase in investment in research & development activities to manufacture different drugs, particularly in China, and India. Asia-Pacific is followed by North American region owing to the presence of major pharmaceutical companies in the U.S. and the development in paper production.

The key players contributing to the robust growth of the thiourea market comprise Hebei Xinjian Chemical Group Co., Ltd, Sanshin Chemical Industry Co., Ltd, Zhejiang Ray full Chemicals Co. Ltd, Tianjin Ruister International Co., Ltd, Environmental Protection Co., Ltd, Emco Dyestuff Ltd, Shandong Affirm Biochemistry, Hongye Chemical Co., Ltd, Guizhou Hongkai Chemical Co., Ltd, Acuro Organics Limited, and Shandong Tianfeng Biotechnology Co., Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

The global market for thiourea will grow at a CAGR of over 5.12% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (Pharmaceuticals, Fine Chemicals, Dyestuff, Agrochemicals, Rubber & Resin, Mining, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the thiourea market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the thiourea market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the thiourea market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global thiourea market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the Pharmaceuticals, Fine Chemicals, Dyestuff, Agrochemicals, Rubber & Resin, Mining and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global thiourea market.

Key Applications
• Pharmaceuticals
• Fine Chemicals
• Dyestuff
• Agrochemicals
• Rubber & Resin
• Mining

Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Key Vendors
• Efirm
• AlzChem AG
• ChemChina
• Wanfeng
• Shandong Xinke
• Weifang Ruimin
• Harvest Star
• Luoyang Lida
• request free sample to get a complete list of companies

Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global thiourea market?
• What are the challenges to market growth?
• Who are the key players in the thiourea market?
• What are the market opportunities and threats faced by the key players?