Thiochemicals Market to Grow with a CAGR of 4.45% through 2030

Rising Demand for Methionine in Animal Nutrition and Growing Petrochemical and Polymer Industry are expected to drive the Global Thiochemicals Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Thiochemicals Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Thiochemicals Market stood at USD 1.10 Billion in 2024 and is anticipated to grow with a CAGR of 4.45% in the forecast period.

Global regulatory momentum toward stricter fuel quality and environmental standards is a key catalyst for the thiochemicals market. Governments across major economies are enforcing advanced emission norms such as Euro 6 in Europe, Bharat Stage VI in India, and China VI aimed at significantly reducing sulfur content in diesel and gasoline. To comply, refiners increasingly rely on hydrodesulfurization (HDS) catalysts, where thiochemicals like dimethyl disulfide (DMDS) play a critical role in catalyst passivation and process optimization. With expanding refinery capacity, especially in Asia Pacific and the Middle East, demand for thiochemicals in desulfurization is on the rise.

Beyond fuels, thiochemicals are gaining traction in the agrochemical sector, where they are used in manufacturing pesticides, herbicides, and soil fumigants. Compounds like DMDS and thiourea are emerging as preferred alternatives to phased-out substances such as methyl bromide, offering effective crop protection with reduced environmental risk. As global agriculture faces pressure to boost yields sustainably, thiochemicals are increasingly integrated into regulatory-compliant crop protection strategies.

In the oil and gas industry, thiochemicals support a wide range of upstream and downstream applications, including gas odorization, sulfur scavenging, and refining processes. The sector’s continued expansion driven by rising energy demand in developing economies is fueling steady consumption of thiochemical-based solutions that enhance operational efficiency and regulatory compliance.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Thiochemicals Market”

The Global Thiochemicals Market is segmented into product type, application, regional distribution, and company.

Based on the category of Application, the Animal Nutrition segment emerged as the dominating segment in the market for Thiochemicals in 2024. The most important applications of thiochemicals particularly methyl mercaptan is as a key building block in the production of DL-methionine, a vital additive in animal feed. Methionine enhances growth rates, feed conversion efficiency, and overall health in poultry and livestock, making it indispensable for commercial animal farming. The growing global population and rising meat consumption, especially in Asia Pacific, Latin America, and the Middle East, are driving consistent growth in methionine usage.

The global livestock sector is rapidly shifting from traditional, small-scale farming to commercial, industrial-scale operations, particularly in fast-developing countries like China, India, Brazil, and Indonesia. These large-scale operations prioritize feed efficiency and animal health to maximize output, significantly increasing demand for amino acid-enriched feed additives. As methionine is one of the first limiting amino acids in most animal diets, its inclusion enabled by thiochemical intermediates is essential.

Governments across various regions are implementing policies to improve protein intake per capita, especially in developing economies. Rising incomes and urbanization are leading to dietary shifts toward more animal-based proteins, further strengthening the demand for fortified feed. The resulting expansion of the poultry, swine, and aquaculture industries directly supports the dominant application of thiochemicals in this segment.

North America is positioned to experience the fastest growth in the global thiochemicals market, driven by a combination of technological advancement, rising regulatory compliance, and strong demand across core end-use sectors such as oil & gas, agrochemicals, polymers, and specialty chemicals.

A key growth driver is the region’s robust oil and gas industry, particularly in the United States, which continues to expand upstream and downstream operations through shale development, refining capacity upgrades, and gas processing infrastructure. Thiochemicals such as dimethyl disulfide (DMDS) are essential in catalyst protection and sulfur management, making them indispensable to North American refiners seeking improved efficiency and compliance with tightening sulfur emission standards. In the agricultural sector, North America is rapidly adopting next-generation crop protection chemicals, especially in response to increasing restrictions on legacy pesticides. Thiochemicals like DMDS and thiourea are gaining traction as safer, more environmentally compatible fumigants and intermediates supporting sustainable farming initiatives across the U.S., Canada, and Mexico.

Major companies operating in Global Thiochemicals Market are:

• Arkema
• Chevron Phillips Chemical Co. LLC
• BASF SE
• Bruno Bock GmbH
• Daicel Corporation
• Dr. Spiess Chemische Fabrik GmbH
• Tokyo Chemical Industry (India) Pvt. Ltd.
• TORAY FINE CHEMICALS CO., LTD.
• Merck KGaA
• Huhhot Guangxin Chemical Trade Co., Ltd.

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“The Global Thiochemicals market is set to witness steady and resilient growth, driven by rising demand across critical industries such as oil & gas, animal nutrition, agrochemicals, and specialty polymers. As environmental regulations tighten and end-user industries seek higher performance and regulatory-compliant chemical solutions, thiochemicals are emerging as indispensable functional agents. While challenges around raw material volatility and regulatory complexity persist, ongoing innovation, geographic expansion, and increased application diversity are expected to reinforce the market’s long-term trajectory. Strategic investments in sustainable production technologies and supply chain integration will be key to capitalizing on evolving global demand.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Thiochemicals Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Product Type (Mercaptan, Dimethyl Sulfoxide (DMSO), Dimethyl disulfide (DMDS), Thioglycolic Acid and Ester, Thiourea, Others), By Application (Animal Nutrition, Oil and Gas, Polymers and Chemicals, Food and Agrochemicals, Automotive and Transportation, Others), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of Global Thiochemicals Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Thiochemicals Market.

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