Thiourea Dioxide Market Size, Share, Growth, and Global Industry Analysis by Type (Ordinary Grade and Ultra-Pure Grade) By Application (Paper & Pulp, Photographic Industry, Textile Industry, Fiber Industry), Regional Insights, and Forecast From 2023 To 2031

Updated On: 20 November 2023

THIOUREA DIOXIDE MARKET REPORT OVERVIEW

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The global thiourea dioxide market size is expected to be USD 9,22,450 million in 2022 and is expected to reach USD 1111559.96 million in 2031, exhibiting a CAGR of 3.6% during the forecast period.

Thiourea dioxide is a substance composite with the chemical formula (NH)CS(=O) S. It is also identified as thioamide sulfur oxide, tetra sulfurothiuram disulfide, dithiodioxopentane, and thionitroso-dioxide. It is colorless, solid, and is used in pesticides, chemicals, and pharmaceuticals. it acts as an originator to other organic combinations that are beneficial for the fabrication of photographic films, fibers, rubber products, and dyes. It has applications in the pharmaceutical sector due to its antithrombotic properties which help decrease blood clotting or thrombus development.

A usual grade is a form of Thiourea Dioxide that covers layers like Ammonium compounds, Sulphate and Chloride. These chemicals are the by-products of their manufacturing course which make them more inexpensive than High Purity Grade. It has less purity than with other grades such as Ultra-Pure Grade and is not appropriate for maximum uses.

COVID-19 Impact: Supply Chain Disruption and Lockdown Restrictions to Impede Market Progress

The global COVID-19 pandemic has been unprecedented and staggering, with thiourea dioxide experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the thiourea dioxide market growth and demand returning to pre-pandemic levels once the pandemic is over. 

The COVID-19 outburst has exaggerated economies and businesses in numerous countries owing to travel restrictions, lockdowns, and business closures. The global thiourea dioxide market is one of the foremost industries going through supply chain disruptions, technology events cancellations, and office closures due to this outbreak. China is the global production hub, with the existence of the largest raw material providers. The overall market breaks down owing to COVID-19 is also disturbing the thiourea dioxide market growth due to shutting down of industrial units, complications in the supply chain, and depression in the world economy.

LATEST TRENDS

"Chemical Properties of Compound to Improve Market Progress"

Thiourea arises as glossy crystals, white in color, and blistered solids. It is solvable in water, ethanol, ammonium thiocyanate solution, and almost unsolvable in ether. It is also titled formamidine-sulfinic acid or aminoiminomethanesulfinic acid and is often shortened as TDO. It is a crushed constant composite, which liquefies in water and decays progressively to produce sulfoxylic acid over formamidine-sulfinic acid to display a dropping action. Decolorizing the original color of pigmented fibers, such as cashmere, camel hair, unclean dark fibers in white wool, and human hair passes about by the subsequent three consecutive procedures: mordanting, specific rinsing, and alkaline hydrogen peroxide bleaching.

THIOUREA DIOXIDE MARKET SEGMENTATION

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• By Type Analysis

By type, the market is segmented into Ordinary Grade and Ultra-Pure Grade.

• By Application Analysis

Based on applications, the market is classified into Paper & Pulp, Photographic Industry, Textile Industry, and Fiber Industry.

DRIVING FACTORS

"Increasing Demand from Textile Industry to Strengthen Market Growth"

The major growth driver for the thiourea dioxide market is its dominance above sodium dithionite like a smaller amount of quantity essential and environmentally friendly for fabric and wool coloring uses. Thiourea dioxide preserves better chemical solidity and infects less associated with other decolorizing agents. Progress in the textile sector is anticipated to improve demand for thiourea dioxide in the market globally. Moreover, increasing environmental concerns over the use of chlorine-based bleaching agents in the textile sector are anticipated to drive market growth.

"Increasing adoption in Various Applications to Drive Product Demand"

The product acts as a decolorizing agent in the paper and pulp industry which is anticipated to push demand for the product in the coming years. The increasing demand from end-use sectors such as pulp and paper, textiles, and leather owing to its exceptional bleaching properties. Moreover, increasing demand for thiourea dioxide in water treatment uses to eliminate arsenic and other substantial metals from water provisions. The increasing application opportunity of the compound as a precursor for the construction of sulfuric acid and other chemical products. It is used as a chemical reducing agent that decreases the disulfide bonds in cellulose fibers. This aids in the proliferation of the bulkiness of paper and assists pulp throughout its establishment process. The use of thiourea dioxide can also lead to increased retention of dyes, pigments, or other additives which help to increase the brightness of paper.

RESTRAINING FACTORS

"High Production Cost to Impede Market Growth"

The extreme decline potential of Thiourea dioxide in the case of coloring container dyes is the foremost limiting factor that restricts its market. In coloring container dyes, an anti-reducing negotiator such as perborate or hydrogen peroxide is essential for stopping the extreme decline of indanthrone-based dyes which will make this chemical costlier and capital intensive.

THIOUREA DIOXIDE MARKET REGIONAL INSIGHTS

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"Presence of Prominent Players to Foster Market Growth in Asia Pacific"

Asia Pacific is projected to dominate the thiourea dioxide market share due to the huge number of pulp & paper and textile companies and its consumption in developing economies such as India and China. The presence of prominent manufacturers in China, India, South Korea and Taiwan has caused great product consumption.

KEY INDUSTRY PLAYERS

"Product Developments and Partnerships to Improve Market Position"

The report provides information on key companies and businesses in the industry. It contains data on the latest research, product launches, technological developments, mergers and acquisitions, partnerships, and joint ventures.  Other aspects analyzed for the market include cost analysis, the pricing policy of leading producers, and raw materials prices. Furthermore, factors and forecast scenarios of the market have been included in the report for market prospects.

List of Market Players Profiled

• Hongye Holding (China)
• Huifeng Chemical (China)
• Dasteck Chemicals (China)
• Shenghe Zhuji (China)
• Haosen Biotechnology (China)
• Xinsheng Chemical (China)
• Ruimin Chemistry (U.S.)
• Puzhong Chemical (India)

REPORT COVERAGE

The report examines elements affecting the market from both the demand and supply sides and further estimates market dynamic forces during the forecast period. The report provides drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for regions after evaluating governmental, financial, shared, and technical factors affecting the market in these regions.