Overview and Scope
Vinyl sulfone is a chemical compound containing a vinyl group bonded with the electrophilic sulfone group. It is used as a raw material for reactive dye manufacturing.
Sizing and Forecast
The vinyl sulfone market size has grown steadily in recent years. It will grow from $1.8 billion in 2023 to $1.87 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to research and development initiatives, emergence of specialty chemicals, expansion in chemical industries, advancements in reactive chemistry, textile industry adoption..
The vinyl sulfone market size is expected to see steady growth in the next few years. It will grow to $2.27 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to rise in demand for reactive dyes, expansion in pharmaceuticals, increased applications in water treatment, market penetration in emerging economies, focus on sustainable chemistry.. Major trends in the forecast period include shift towards sustainable chemicals, rise in textile and leather industries, technological advancements in polymerization, healthcare industry demand, market expansion in developing regions..
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Segmentation & Regional Insights
The vinyl sulfone market covered in this report is segmented –
1) By Type: Divinyl Sulfone, Phenyl Vinyl Sulfone, Methyl Vinyl Sulfone, Vinyl Sulfone Ester
2) By Application: Dyestuff Manufacturing, Chemical Intermediate, Proteomics, Other Applications
Asia-Pacific was the largest region in the vinyl sulfone market in 2023. The regions covered in the vinyl sulfone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in demand for textile products is driving the vinyl sulfone market. Textile products are raw, semi-finished products made from fibers such as nylon, silk, and cotton. Vinyl sulfone is used as a major component of reactive dyes that are used in the textile industry for coloring textiles. For instance, in May 2023, according to National Council of Textile Organizations (NCTO) is a US-based trade association that representing textile industry, in 2022, the estimated value of U.S. shipments in the man-made fiber, textile, and apparel sector reached $65.8 billion, showing an increase from the $64.04 billion recorded in 2021. Notably, U.S. exports in textiles and apparel to the Western Hemisphere experienced a significant rise of 14.9%, reaching a total of $18 billion in 2022. As a result, the increasing demand for textile products is driving the vinyl sulfone market forward.
Key Industry Players
Major companies operating in the vinyl sulfone market are focused on strategic investments, such as the expansion of manufacturing facilities, to meet growing demand and expand their customer base. The expansion of manufacturing facilities involves increasing the physical capacity and capabilities of production facilities to accommodate growing demand or enhance operational efficiency. For instance, in September 2022, MilliporeSigma, the U.S.-based life sciences subsidiary of Merck Group specializing in the production of vinyl sulfone and its derivatives for life science applications, announced a strategic investment of 130 million euros ($132 million). This investment aims to enhance the manufacturing capabilities of MilliporeSigma, particularly in the implementation of single-use assemblies at its facility in Molsheim, France. The plan includes the establishment of a new 37,000-square-foot clean room, with full production expected to be achieved later in the decade. Additionally, MilliporeSigma anticipates the completion of a new logistics warehouse and administrative building by the end of 2024.
The vinyl sulfone market report table of contents includes:
1. Executive Summary
2. Vinyl Sulfone Market Characteristics
3. Vinyl Sulfone Market Trends And Strategies
4. Vinyl Sulfone Market – Macro Economic Scenario
5. Global Vinyl Sulfone Market Size and Growth
….
31. Global Vinyl Sulfone Market Competitive Benchmarking
32. Global Vinyl Sulfone Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Vinyl Sulfone Market
34. Vinyl Sulfone Market Future Outlook and Potential Analysis
35. Appendix
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